Equipment financier C.H. Brown reported significant growth in December, the fourth quarter, and throughout 2024.
C.H. Brown‘s December new business volume increased 16% month over month and surged 67.9% year over year, according to the company’s Jan. 8 earnings release. Meanwhile, quarterly originations rose 44.6% from Q3 2024 and 142% YoY.
For 2024, C.H. Brown achieved a 48.4% annual increase in new business volume, driving 15.3% growth in earning assets, according to the release.
C.H. Brown, which provides fixed-rate commercial loans to sectors including transportation, construction, and agriculture, credited its success to factors such as reduced equipment prices, lower diesel costs, increased construction activity, and economic shifts, according to the release. Chief Operating Officer Ed Meyer emphasized the dedication of the C.H. Brown team and the vital role of third-party referral partners in achieving these results, highlighting their continued trust and commitment to exceptional service.
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