Consumer Portfolio reports Q2 EPS 19c vs. 55c last year

Reports Q2 revenue $95.88M vs. $84.86M last year. Annualized net charge-offs for the second quarter of 2024 were 7.26%. During Q2, CPS purchased $431.9M of new contracts compared to $346.3M during Q1 and $318.4M during Q2 of 2023. “During our second quarter, origination volumes outpaced last year’s second quarter by 36%, leading to the closing of our largest securitization in company history,” said Charles E. Bradley Jr., Chief Executive Officer. “We remain focused on controlled growth and improving operating efficiency.”