CPS Q2 FY26 net income rises 29.17% to $6.2 million; revenue increases 10.56% to $121.4 million
CPSS•Credit metrics improve
Annualized net charge-offs narrowed to 12.16% from 13.14%, while 30+ day delinquencies edged down to 7.28% from 7.45%.
Margin expands as funding costs ease
Net interest margin widened to 5.2% from 5%, as interest expense eased to 6.1% of average portfolio from 6.4%.
Auto contract purchases and portfolio growth
Auto contract purchases surged 75% to $757.7 million, lifting the total portfolio to $4.31 billion from $3.71 billion.
CPS reports higher Q2 FY26 profit and revenue
Consumer Portfolio Services posted Q2 net income of $6.2 million, up 29.17% year over year; diluted EPS rose to from .
