secwatch.observer — SEC 8-K summary
======================================

Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001683168-24-001508
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316824001508/0001683168-24-001508-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316824001508/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001508

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