Core Viewpoint - Credit Acceptance Corporation (CACC) reported a first-quarter 2025 earnings per share of $8.66, which was below the Zacks Consensus Estimate of $10.31, despite a year-over-year increase of 70.5% in earnings [1] Financial Performance - Adjusted net income for the quarter was $114.8 million or $9.35 per share, slightly down from $117.4 million or $9.28 per share in the same quarter last year [2] - Total GAAP revenues reached $571.1 million, reflecting a 12.4% year-over-year increase and surpassing the Zacks Consensus Estimate of $566.6 million [3] - Provision for credit losses decreased by 13% to $161.9 million, while operating expenses rose by 7.5% to $135.5 million [3] Asset and Equity Position - As of March 31, 2025, total assets were $9.26 billion, up from $8.85 billion at the end of December 2024, while total shareholders' equity decreased to $1.71 billion from $1.75 billion [4] Share Repurchase Activity - During the reported quarter, Credit Acceptance repurchased approximately 0.32 million shares [5] Market Outlook - The company faces challenges from rising expenses and weak asset quality, but is positioned for revenue growth due to increasing demand for consumer loans [6]

Regional Management (RM) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Company Participants Garrett Edson - Managing DirectorRobert Beck - President & CEOHarp Rana - EVP, Chief Financial & Administrative OfficerKyle Joseph - Managing DirectorDavid Scharf - Managing DirectorJohn Rowan - Managing DirectorAlexander Villalobos-Morsink - Senior Associate Equity Research Operator Greetings, and welcome to the Regional Management First Quarter twenty twenty five Earnings Call. At this time, all participants are ...

Financial Data and Key Metrics Changes - The company reported a net income of $7 million and diluted EPS of $0.70 for Q1 2025, consistent with guidance but lower than Q1 2024 due to a prior year loan sale benefit [4][20] - Ending net receivables increased by 8% year over year, marking the fastest growth rate since 2023 [5] - Total revenue reached $153 million in Q1 2025, up 6% from the prior year, or 7.4% when adjusted for loan sale revenue benefits [24] Business Line Data and Key Metrics Changes - The auto secured loan portfolio grew by $59 million or 37% year over year, now representing 12% of the total portfolio [7] - The small loan portfolio increased by 11% year over year, with 18% of the portfolio carrying an APR greater than 36%, up from 16% a year ago [22] - New branches opened in September 2024 generated $1.5 million in revenue against $1.1 million in G&A expenses, demonstrating strong performance [6] Market Data and Key Metrics Changes - The company opened 15 new branches, 10 of which are in new markets, and these branches are performing well with an average portfolio balance of $2.2 million [5][6] - The thirty plus day delinquency rate was 7.1%, flat year over year, but improved by 20 basis points when adjusted for the impact of growth in higher margin portfolios [9][25] Company Strategy and Development Direction - The company aims for a minimum of 10% portfolio growth in 2025 despite economic uncertainties, supported by a conservative credit box and strong capital generation [12][33] - The barbell strategy focuses on growth in high-quality auto secured and higher margin small loan portfolios, which are expected to continue performing well [7][22] - The company is prepared to tighten credit further if necessary, having already entered a potential downturn with a tightened credit box [11][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating economic uncertainties due to a strong credit performance and a conservative underwriting approach [12][13] - The company is closely monitoring macroeconomic conditions, including inflation and consumer behavior, to adjust strategies as needed [10][45] - Management highlighted the resilience of their customer base, supported by wage growth and job availability [13][45] Other Important Information - The company generated $9.9 million in total capital in Q1 2025, with total capital generation since 2020 amounting to $339 million [17] - The allowance for credit losses was $199 million, with a reserve rate of 10.5%, expected to decline to 10.3% in Q2 2025 [12][27] - The company declared a dividend of $0.30 per share for Q2 2025, with a share repurchase program in place [33] Q&A Session Summary Question: Long-term outlook on NIM - Management indicated that as fixed-rate funding matures, the cost of funds will increase, but higher margin business will balance this [39][40] Question: Changes in consumer behavior - Management noted that consumer credit results are tracking as expected, with no significant changes in demand or payment behavior observed [44][45] Question: Guidance on expenses - Management provided Q2 guidance of approximately $65.5 million in G&A expenses, with increases expected as loan volumes rise [28][85] Question: Clarification on capital generation - Management explained that Q1 capital generation was lower due to seasonal factors, with expectations for improvement as the year progresses [58][59] Question: Credit box tightening - Management confirmed that they apply stress factors in underwriting, adjusting based on portfolio risk, rather than a uniform tightening approach [62][63]

1Q 25 Earnings Presentation April 30, 2025 Legal Disclosures 575,000 Customer Accounts Up 6.4% YoY $1.89 billion Net Finance Receivables Up $146MM or 8.4% YoY This document contains summarized information concerning Regional Management Corp. (the "Company") and the Company's business, operations, financial performance, and trends. No representation is made that the information in this document is complete. For additional financial, statistical, and business information, please see the Company's most recent ...

Financial Performance - Credit Acceptance Corporation reported consolidated net income of $106.3 million, or $8.66 per diluted share, for the three months ended March 31, 2025, compared to $64.3 million, or $5.08 per diluted share, for the same period in 2024, representing a 65.3% increase [1][27] - Adjusted net income for the same period was $114.8 million, or $9.35 per diluted share, slightly down from $117.4 million, or $9.28 per diluted share, in the prior year [1][29] - The average balance of the loan portfolio increased by 11.0% to $7.9 billion, the highest ever recorded [5] Consumer Loan Metrics - The forecasted collection rates for Consumer Loans assigned in 2020 improved, while those for loans assigned in 2022, 2024, and 2025 declined [4] - The overall forecasted collection rates as of March 31, 2025, showed a modest decline, impacting forecasted net cash flows from the loan portfolio by $20.9 million, or 0.2% [5][4] - Consumer Loan assignment unit and dollar volumes decreased by 10.1% and 15.5%, respectively, compared to the first quarter of 2024 [5][21] Dealer Activity - The company enrolled 1,617 new dealers, bringing the total to 10,789 active dealers during the quarter [5] - The average volume per active dealer decreased by 9.7%, indicating a decline in dealer activity [22] Economic Profit and Capital - Economic profit decreased by 31.3% year-over-year, primarily due to a decrease in adjusted return on capital and an increase in the cost of capital [29] - Adjusted average capital rose by 18.3% compared to the same period in 2024, reflecting the company's investment in growth [29] Shareholder Returns - The company repurchased approximately 329,000 shares, or 2.7% of the shares outstanding at the beginning of the quarter [5] - The diluted weighted average shares outstanding decreased by 2.9% from the previous year [29]

在前面的文章中，「一只互金鹅」盘点了三家头部持牌消费金融的业务模式。 （超链接：持牌消金2024业绩（一）） 在持牌消费金融市场，其实还有一部分总资产规模排名居中的消费金融公司值得关注。 其他几家则是线上业务占比更多。 这些公司资产规模在300亿-700亿之间，且持续增长，净利润也保持上涨趋势。 这些公司算是持牌消费金融市场的中间力量。如果长期保持稳定增长，冲击千亿资产规模也会很快。 | 序号 | 公司 | | 营收 | | | 净利润 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2024 | 2023 | 同比 | 2024 | 2023 | 同比 | | 1 | 宁银消费金融 | 29.9 | 18.02 | 65.93% | 3.03 | 2.02 | 50.00% | | 2 | 杭银消费金融 | 52.66 | 48.38 | 8.85% | 9.2 | 8.02 | 14.71% | | 3 | 中原消费金融 | | | | 5.03 | 4.16 | 20.91% | | 4 | 招联消费金融 | 173.18 | 19 ...

1Q25 Financial Results NYSE: OMF | April 29, 2025 Important Information The following slides are part of a presentation by OneMain Holdings, Inc. (the "Company") in connection with reporting quarterly financial results and are intended to be viewed as part of that presentation. No representation is made that the information in these slides is complete. For additional financial, statistical, and business-related information, as well as information regarding business and segment trends, see the earnings relea ...

World Acceptance (WRLD) Q4 2025 Earnings Call April 29, 2025 10:00 AM ET Company Participants Chad Prashad - President & Chief Executive OfficerKyle Joseph - Managing DirectorJohn Rowan - Managing DirectorJohn Calmes - Executive VP, Chief Financial & Strategy Officer and Treasurer Operator Good morning, and welcome to World Acceptance Corporation's Fourth Quarter twenty twenty five Earnings Conference Call. This call is being recorded. The comments made during this conference call may contain certain forwar ...

World Acceptance (WRLD) Q4 2025 Earnings Call April 29, 2025 10:00 AM ET Company Participants Chad Prashad - President & Chief Executive OfficerKyle Joseph - Managing DirectorJohn Rowan - Managing DirectorJohn Calmes - Executive VP, Chief Financial & Strategy Officer and Treasurer Operator Good morning, and welcome to World Acceptance Corporation's Fourth Quarter twenty twenty five Earnings Conference Call. This call is being recorded. The comments made during this conference call may contain certain forwar ...

OneMain (OMF) Q1 2025 Earnings Call April 29, 2025 09:00 AM ET Company Participants Peter Poillon - Head, IRDoug Shulman - Chairman & CEOJenny Osterhout - Executive VP & CFOMark Devries - DirectorKyle Joseph - Managing Director Conference Call Participants Moshe Orenbuch - Managing Director & Senior AnalystRichard Shane - AnalystMichael Kaye - Equity Research AnalystMihir Bhatia - Equity Research AnalystVincent Caintic - MD & Finance AnalystJohn Pancari - Senior Managing Director & Senior Research Analyst O ...