CPS reports record FY2022 net income of $86M ($3.23 EPS); revenue up 23% YoY

CONSUMER PORTFOLIO SERVICES, INC.

Q4 2022 net income $14.1M ($0.59 diluted EPS) vs $19.0M ($0.71) in Q4 2021.
Full year 2022 net income $86.0M ($3.23 diluted EPS) vs $47.5M ($1.84) in 2021, record earnings.
Full year new contract purchases $1.854B, up 62% YoY; managed portfolio exceeded $3B for first time.
Revenues $329.7M for 2022, up 23.1% from $267.8M in 2021.
Annualized net charge-offs rose to 5.83% in Q4 2022 from 2.57% a year ago; delinquencies 12.62% vs 10.53%.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CONSUMER PORTFOLIO SERVICES, INC. reported twelve months ended December 31, 2022 results: revenue $329.7 million, net income $86.0 million, EPS $3.23 per diluted share.

Period: twelve months ended December 31, 2022
Revenue: $329.7 million
Net income: $86.0 million
EPS: $3.23 per diluted share
Result: reported results

Exact text from the filing

quarter of 2022 was $18.3 million compared to pretax income of $24.4 million in the fourth quarter of 2021. For the twelve months ended December 31, 2022 total revenues were $329.7 million compared to $267.8 million for the twelve months ended December 31, 2021, an increase of approximately $61.9 million, or 23.1%. Total expenses for the twelve months ended

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CONSUMER PORTFOLIO SERVICES, INC. reported fourth quarter ended December 31, 2022 results: revenue $83.0 million, net income $14.1 million, EPS $0.59 per diluted share.

Period: fourth quarter ended December 31, 2022
Revenue: $83.0 million
Net income: $14.1 million
EPS: $0.59 per diluted share
Result: reported results

Exact text from the filing

ended December 31, 2022. This compares to a net income of $19.0 million, or $0.71 per diluted share, in the fourth quarter of 2021. Revenues for the fourth quarter of 2022 were $83.0 million, an increase of $13.7 million, or 19.7%, compared to $69.4 million for the fourth quarter of 2021. Total operating expenses for the fourth quarter of 2022 were $64.7 million

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Source: SEC EDGAR

accession 0001683168-23-001505

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