Consumer Portfolio Services Q1 Net Income Up 18%, Portfolio Hits $3.94B
Consumer Portfolio Services reported first-quarter revenues of $112.3 million, up 5.1% year-over-year, and net income of $5.5 million, an 18% increase from Q1 2025. Total portfolio balance reached a record $3.942 billion, while new contract purchases rose 18% to $533.2 million.
1. Financial Performance
First-quarter revenues rose to $112.3 million, a 5.1% increase over the prior year, driven by higher interest income and other income. Net income climbed 18% to $5.5 million, or $0.24 per diluted share, while pretax income improved to $8.0 million from $6.8 million.
2. Portfolio Expansion
Total finance receivables reached a record $3.942 billion as of March 31, up from $3.779 billion at year-end, reflecting robust growth in originations. The company purchased $533.2 million of new contracts in Q1, an 18% year-over-year and 47% quarter-over-quarter increase.
3. Credit Metrics
Delinquencies over 30 days decreased to 11.58% of the portfolio, down from 12.35% a year ago. Annualized net charge-offs rose to 8.57% of the average portfolio, up from 7.54% in Q1 2025, as underwriting standards and portfolio seasoning influenced credit performance.