SHF Holdings Reports Strong 29% YoY Growth in Emerging Market Deposit Balances

summarizeSummary

SHF Holdings reported a 29% year-over-year increase in average deposit balances from emerging U.S. cannabis markets, contributing to a 4.5% rise in total average deposit balances.

check_boxKey Events

• Significant Growth in Emerging Markets

  Average deposit balances from emerging U.S. cannabis markets increased by 29% over the twelve months ended February 4, 2026.

• Overall Deposit Balance Increase

  Total average deposit balances rose by 4.5% due to growth in emerging markets.

• Expansion of Customer Base

  The company added over 100 new customer depository accounts in the past year.

• Strategic Market Focus

  Growth is attributed to strategic early entry into high-growth states like New York, New Jersey, Illinois, Florida, Ohio, and Kentucky.

auto_awesomeAnalysis

SHF Holdings, operating as Safe Harbor Financial, announced significant operational growth in its emerging U.S. cannabis markets. The 29% year-over-year increase in average deposit balances from these markets, coupled with the addition of over 100 new customer accounts, demonstrates strong execution of its strategic focus on high-growth states. For a micro-cap company, this level of growth in a core business metric is a positive signal, indicating expanding market penetration and potentially improving long-term viability in the specialized cannabis financial services sector.