Financial Performance - Revenues for Q3 2024 were 100.6million,anincreaseof8.5 million, or 9.2%, compared to 92.1millioninQ32023[2]−NetincomeforQ32024was4.8 million, or 0.20perdilutedshare,downfrom10.4 million, or 0.41perdilutedshareinQ32023[1][11]−FortheninemonthsendedSeptember30,2024,totalrevenueswere288.2 million, a 10.8% increase from 260.0millioninthesameperiodof2023[3]PortfolioandContracts−Totalportfoliobalancereached3.330 billion as of September 30, 2024, up from 2.943billionayearearlier[4][13]−Newcontractpurchasesamountedto445.9 million in Q3 2024, compared to 322.4millioninQ32023,reflectinga38.393.7 million, an increase of 15.8million,or20.377.9 million in Q3 2023[2][11] - Other operating expenses for 2024 were (44.67)million,adeclineof5.4(41.97) million in 2023[15] Credit and Delinquencies - Annualized net charge-offs for Q3 2024 were 7.32% of the average portfolio, compared to 6.86% in Q3 2023[5][14] - Delinquencies greater than 30 days were 14.04% of the total portfolio as of September 30, 2024, up from 13.31% a year earlier[5][14] - Provision for credit losses was 0.99millionin2024,adecreasefrom2.00 million in 2023[15] Interest Income and Expenses - Interest income for 2024 reached 93.16million,anincreaseof11.483.26 million in 2023[15] - Interest expense increased to (50.06)millionin2024,up6.1(37.89) million in 2023[15] Margins and Other Income - Net interest margin decreased to 50.52 million in 2024, down 6.2% from 54.19 million in 2023[15] - Risk adjusted margin for 2024 was 51.52 million, a decrease of 6.3% from 56.19 million in 2023[15] - Other income for 2024 was 1.92million,downfrom2.82 million in 2023[15] Future Outlook - The company plans to hold a conference call on November 1, 2024, to discuss its Q3 2024 operating results[6] - The company remains committed to improving operating efficiencies and driving growth in future quarters[6]
