Jefferson Capital Q3 revenue rises, beats estimates
JCAP•Jefferson Capital's third-quarter revenue rose 23% year over year to $185.50 million, beating the $174.81 million estimate. Adjusted EPS was $0.83, and the company declared a quarterly dividend of $0.24 per share.
1. Revenue and earnings
Jefferson Capital reported third-quarter revenue of $185.50 million, up 23% year over year and above the $174.81 million analyst estimate. Adjusted EPS was $0.83, while EPS was $0.76 and adjusted net income was $51.30 million.
2. Portfolio activity
Record portfolio deployments rose 111% year over year to $318 million, with triple-digit increases in the United States, the U.K. and Latin America. Collections from purchased receivables increased 35% to $319.2 million, including $32.2 million from the Bluestem portfolio in the United States. The company declared a quarterly dividend of $0.24 per share and did not provide specific future-quarter or full-year guidance.
