CPS Announces Third Quarter 2024 Earnings
1. CPSS revenue rose 9.2% to $100.6 million this quarter. 2. Net income decreased to $4.8 million from $10.4 million last year. 3. Total portfolio balance reached $3.33 billion, a record for CPSS. 4. Annualized charge-offs increased to 7.32%, up from 6.86% last year. 5. Delinquencies over 30 days rose to 14.04%, compared to 13.31% last year.