Consumer Portfolio Services Q2 net income falls to $14.0M from $25.3M; EPS $0.55 vs $0.91

CONSUMER PORTFOLIO SERVICES, INC.

2023-Q2 EPS reported $1.09 revenue$167,958,000

Revenue rose 3.5% to $84.9M, but operating expenses jumped to $66.3M from $47.8M.
New contract purchases dropped to $318.4M from $548.1M a year ago.
Annualized net charge-offs increased to 6.29% from 3.51%; delinquencies >30 days rose to 11.72% from 9.71%.
Loan portfolio grew to $2.91B from $2.56B a year ago.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CONSUMER PORTFOLIO SERVICES, INC. reported six months ended June 30, 2023 results: revenue $168.0 million, net income $27.8 million.

Period: six months ended June 30, 2023
Revenue: $168.0 million
Net income: $27.8 million
Result: reported results

Exact text from the filing

For the six months ended June 30, 2023 total revenues were $168.0 million compared to $156.4 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CONSUMER PORTFOLIO SERVICES, INC. reported second quarter ended June 30, 2023 results: revenue $84.9 million, net income $14.0 million, EPS $0.55 per diluted share.

Period: second quarter ended June 30, 2023
Revenue: $84.9 million
Net income: $14.0 million
EPS: $0.55 per diluted share
Result: reported results

Exact text from the filing

for dial-in options. --- EX-99.1 (NEWS RELEASE) --- EX-99.1 2 cps_ex9901.htm NEWS RELEASE Exhibit 99.1 NEWS RELEASE CPS ANNOUNCES SECOND QUARTER 2023 EARNINGS § Revenues of $84.9 million compared to $82.0 million in the prior year period § Pretax income of $18.6 million § Net income of $14.0 million, or $0.55 per diluted share § New contract purchases of $318.4

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Source: SEC EDGAR

accession 0001683168-23-005233

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