Financial Performance - CPS reported earnings of $4.7 million, or $0.19 per diluted share, for Q1 2025, compared to $4.6 million, or $0.19 per diluted share, in Q1 2024[3][4] - Revenues for Q1 2025 were $106.9 million, an increase of $15.2 million, or 16.6%, from $91.7 million in Q1 2024[4][9] - Interest income for Q1 2025 was $101.9 million, an increase of 11.4% from $84.3 million in Q1 2024[17] - The company’s net interest margin for Q1 2025 was 51.96%, compared to 49.78% in Q1 2024[17] Portfolio and Contracts - Total portfolio balance reached $3.615 billion as of March 31, 2025, the highest in company history, up from $3.021 billion a year earlier[5][17] - New contract purchases amounted to $451.2 million in Q1 2025, compared to $346.3 million in Q1 2024[5][17] - CPS achieved the highest amount in new loan originations for any first quarter in company history[7] Credit Quality - Annualized net charge-offs for Q1 2025 were 7.54% of the average portfolio, down from 7.84% in Q1 2024[6][17] - Delinquencies greater than 30 days were 12.35% of the total portfolio as of March 31, 2025, slightly down from 12.39% a year earlier[6][17] Future Plans - The company plans to hold a conference call on May 13, 2025, to discuss its Q1 2025 operating results[7][8]
CPS(CPSS) - 2025 Q1 - Quarterly Results