CPSS Q4 net income falls to $7.2M from $14.1M YoY; full-year EPS $1.80 from $3.23

CONSUMER PORTFOLIO SERVICES, INC.

Q4 2023 EPS $0.29 vs $0.59 in Q4 2022; revenue $92.0M (+10.8% YoY).
Full-year 2023 net income $45.3M ($1.80/diluted) vs $86.0M ($3.23) in 2022.
Pretax income down to $9.8M (Q4) and $61.1M (full year) from $18.3M and $116.2M.
New contract purchases $301.8M in Q4 vs $428.1M a year ago (-29.5%).
Annualized net charge-offs 7.74% (Q4) vs 5.83% YoY; delinquencies 14.55% vs 12.68%.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CONSUMER PORTFOLIO SERVICES, INC. reported year ended December 31, 2023 results: revenue $352.0 million, net income $45.3 million, EPS $1.80 per diluted share.

Period: year ended December 31, 2023
Revenue: $352.0 million
Net income: $45.3 million
EPS: $1.80 per diluted share
Result: reported results

Exact text from the filing

QUARTER AND FULL YEAR 2023 EARNINGS · Pretax income of $9.8 million for the fourth quarter and $61.1 million for 2023 · Revenues of $92.0 million for the fourth quarter and $352.0 million for 2023 · Net income of $45.3 million, or $1.80 per diluted share for 2023 · New contract purchases of $1.358 billion for the full year 2023 · Largest managed portfolio balance

View on SEC.gov

Browse all earnings releases →

CONSUMER PORTFOLIO SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001683168-24-001508

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.