Saxon Financial Inc. today reported record financial results for the third quarter ended September 30.
The company continued its strong performance with 13% growth in revenue and 17% increase in earnings over the third quarter of 2006
Net income for the quarter was $4.6 million, up from $3.9 million in the third quarter of 2006.
Revenue was $13.9 million, up from $12.3 million in the third quarter of 2006.
Saxon Financial’s assets under management grew 9% to $13 billion in the 12-month period ended September 30.
“Saxon’s ability to deliver strong financial performance stands out in a quarter of significant market volatility,” says Allan Smith, President and CEO of Saxon Financial. “Saxon’s retail and institutional fixed income investors were insulated from payment disruptions that rocked financial markets-a testament to Saxon’s discipline in weighing risk against potential reward.”