Quarterly ResultMay 5, 2026, 04:17 PM
Consumer Portfolio Services Q1 Net Income +18% to $5.5M; Record Portfolio
AI Summary
Consumer Portfolio Services, Inc. reported strong first-quarter 2026 results, with net income increasing 18% to $5.5 million, or $0.24 per diluted share, compared to the prior year. Revenues grew 5.1% to $112.3 million. The company achieved a record total portfolio balance of $3.942 billion and saw an 18% increase in new contract purchases to $533.2 million. Delinquencies improved, though annualized net charge-offs increased.
Key Highlights
- Net income increased 18% to $5.5 million ($0.24 diluted EPS) for Q1 2026, up from $4.7 million in Q1 2025.
- Revenues for Q1 2026 were $112.3 million, a 5.1% increase from $106.9 million in Q1 2025.
- Total portfolio balance reached a company-record $3.942 billion as of March 31, 2026.
- New contract purchases were $533.2 million in Q1 2026, an 18% increase from $451.2 million in Q1 2025.
- Delinquencies greater than 30 days decreased to 11.58% of the total portfolio as of March 31, 2026, from 12.35% in Q1 2025.
- Annualized net charge-offs for Q1 2026 were 8.57% of the average portfolio, compared to 7.54% in Q1 2025.
- Pretax income for Q1 2026 was $8.0 million, an 18% increase from $6.8 million in Q1 2025.