C.H. Brown Co. (CHB), a long-time, bank-owned equipment finance lender, recorded significant originations performance for December, Q4/24 and 2024. New business volume lending for end-of-month December was 16% higher than November 2024 and 67.9% above December 2023.
Further, CHB experienced 44.6% more Q/Q originations from Q3/24 and 142% more over that same period last year. Finally, year-end data noted Y/Y NBV was 48.4% higher than 2023, which led to 15.3% maximum growth of its earning assets.
“Despite freight rates remaining depressed near historic lows, the lessened capacity in trucking, reduced diesel costs, the continued pace of new construction, the marked drop of equipment prices, the minor dip in interest rates, and the presidential election results all contributed,” Ed Meyer, chief operating officer of CHB, said. “Not enough can be said of the CHB Team and their effort; due to their dedication and mission-focus commitment…they delivered ‘major league’ results and an exceptional customer experience.”
“The results would not have been possible without the intense loyalty of our network of third-party referral partners,” Kit West, business development and broker relations director of CHB, said. “Their continued trust and confidence in CHB was increasingly evident throughout the year.”
Third-party originators are and remain the backbone of CHB’s originations channels.
