Consumer finance company focused on sub-prime auto market
Established in 1991. IPO in 1992
Through March 31, 2021, approximately $17.2 billion in contracts originated
Headquarters in Las Vegas, Nevada. Branches in California, Nevada, Illinois, Virginia and Florida
Approximately 783 employees as of March 31, 2021
$205.5 million contract originations in Q1 2021; $742.6 million contract originations in 2020; $1.0 billion contract originations in 2019
$2.1 billion outstanding managed portfolio as of March 31, 2021
$8.00
$6.00
$4.00
$2.00
$0.00
Pretax Income ($ in mm)
Total Managed Portfolio ($ in mm)
$2,500
$2,000 $1,500
$1,000
New Contract Purchases ($ in mm)
$300 $250 $200 $150 $100 $50
2.0%
Return on Managed Assets (1)
1.0%
0.0%
CPS Systems
Proprietary Applications
Credit
Bureaus
Automobile
Credit
Originations System
Application
Dealership
Credit
Decisioning
AOA / DOA
Decline or
Approval / Pricing
Underwriting
Underwriting
Package
Shop --
Negotiate --
Receivables
Apply for Credit
Accounting
System
Servicing and Collections
Servicing Activities - Five Branch LocationsSystem
Customer Contact -
Workflow Management
Auto Consumers
Results influenced by transition to fair value accounting, early adoption of CECL and the pandemic
Quarter Ended
Twelve Months Ended
March 31,
March 31,
December 31,
December 31,
2021
2020
2020
2019
Interest Income
12.4%
13.0%
12.7%
14.0%
Mark to Fin. Recs. at FV
(0.8%)
(1.7%)
(1.3%)
0.0%
Servicing and Other Income
0.3%
0.3%
0.2%
0.4%
Interest Expense
(3.9%)
(4.4%)
(4.4%)
(4.6%)
Net Interest Margin
7.9%
7.2%
7.3%
9.8%
Provision for Credit Losses
0.0%
(0.6%)
(0.6%)
(3.6%)
Core Operating Expenses
(6.4%)
(6.1%)
(5.9%)
(5.8%)
Pretax Return on Assets
1.5%
0.5%
0.9%
0.4%
As a percentage of the average managed portfolio. Percentages may not add due to rounding.
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CPS - Consumer Portfolio Services Inc. published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 21:45:09 UTC.
Consumer Portfolio Services, Inc. is a specialty finance company. The Companyâs business is to provide purchase and service retail automobile contracts originated primarily by franchised automobile dealers and, to a lesser extent, by select independent dealers in the United States in the sale of new and used automobiles, light trucks, and passenger vans. Through its automobile contract purchases, it provides indirect financing to the customers of dealers. It serves as an alternative source of financing for dealers, facilitating sales to customers from traditional sources, such as commercial banks, credit unions, and the finance companies affiliated with automobile manufacturers. It also originates vehicle purchase money loans by lending directly to consumers. It offers over eight different financing programs and prices each program according to relative credit risk. Its financing programs include First Time Buyer, Mercury / Delta, Standard, Alpha, Alpha Plus, Super Alpha and Preferred.
CONSUMER PORTFOLIO SERVICES, INC. 