CPSS Q3 net income falls 59% to $10.4M; credit costs rise sharply

CONSUMER PORTFOLIO SERVICES, INC.

2023-Q3 EPS reported $1.51 revenue$260,037,000

Net income of $10.4M ($0.41 diluted EPS) vs $25.4M ($0.95) in Q3 2022.
Revenue up 2% to $92.1M; pretax income plunges to $14.2M from $34.3M.
New contract purchases dropped 31% YoY to $322.4M from $468.2M.
Annualized net charge-offs rose to 6.86% of avg portfolio from 4.93%.
Delinquencies >30 days increased to 13.31% of total portfolio from 10.85%.

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 0.9

CONSUMER PORTFOLIO SERVICES, INC. reported third quarter ended September 30, 2023 results: revenue $92.1 million, net income $10.4 million, or $0.41 per diluted share, EPS $0.41 per diluted share.

Period: third quarter ended September 30, 2023
Revenue: $92.1 million
Net income: $10.4 million, or $0.41 per diluted share
EPS: $0.41 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 THIRD QUARTER 2023 EARNINGS § Revenue of $92.1 million, compared to $90.3 million in the prior year period § Pretax income of $14.2 million § Net income of $10.4 million, or $0.41 per diluted share § New contract purchases of $322.4

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Source: SEC EDGAR

accession 0001683168-23-007876

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