secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001683168-23-007876
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316823007876/0001683168-23-007876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316823007876/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-007876

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer