Quarterly ResultAug 4, 2026, 05:19 PM
CPS Q2 Net Income Up 30% to $6.2M; Revenues $121.4M
AI Summary
Consumer Portfolio Services, Inc. announced strong second quarter 2026 earnings, with net income increasing 30% to $6.2 million, or $0.27 per diluted share. Revenues for the quarter grew 10.6% to $121.4 million. The company achieved its highest volume of loan originations ever, purchasing $757.7 million in new contracts, and saw its total portfolio balance reach $4.31 billion. Delinquencies and annualized net charge-offs both decreased year-over-year, indicating improved credit quality. A conference call is scheduled for August 5, 2026, to discuss these results.
Key Highlights
- Net income for Q2 2026 increased 30% to $6.2 million from $4.8 million in Q2 2025.
- Diluted EPS for Q2 2026 rose 35% to $0.27 from $0.20 in Q2 2025.
- Revenues for Q2 2026 were $121.4 million, up 10.6% from $109.8 million in Q2 2025.
- New contract purchases reached $757.7 million in Q2 2026, a 75% increase year-over-year.
- Total portfolio balance eclipsed $4 billion, finishing at $4.31 billion as of June 30, 2026.
- Delinquencies greater than 30 days decreased to 12.16% of the total portfolio.
- Annualized net charge-offs for Q2 2026 were 7.28%, down from 7.45% in Q2 2025.
- A conference call to discuss Q2 2026 results is scheduled for August 5, 2026, at 1:00 p.m. ET.
Price Impact
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