Earnings Call Summary | Consumer Portfolio Services(CPSS.US) Q4 2023 Earnings Conference
Earnings Call Summary | Consumer Portfolio Services(CPSS.US) Q4 2023 Earnings Conference
The following is a summary of the Consumer Portfolio Services, Inc. (CPSS) Q4 2023 Earnings Call Transcript:
以下是消費者投資組合服務公司（CPSS）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Consumer Portfolio Services reported Q4 revenue of $92 million, an 11% increase from Q4 2022.
Full-year revenues also increased by 7% to $352 million.
Expenses saw a significant rise of 27% for Q4 and a 36% increase for the full year.
Pre-tax earnings and net income were down by 46% for the fourth quarter and 47% for the year overall.
Annualized net charge-offs increased to 7.74% from 5.83% compared to the same quarter in the previous year.
The total managed portfolio increased to $3.195 billion from $3 billion at the end of 2022.
Shareholders' equity reached the highest-ever value of $274.7 million, 20% higher than in 2022.
消費者投資組合服務報告第四季度收入爲9200萬美元，較2022年第四季度增長11％。
全年收入也增長了7％，達到3.52億美元。
第四季度的支出大幅增長了27％，全年增長了36％。
第四季度的稅前收益和淨收入下降了46％，全年下降了47％。
與去年同期相比，年化淨扣除額從5.83％增加到7.74％。
管理的投資組合總額從2022年底的30億美元增加到31.95億美元。
股東權益達到有史以來最高的2.747億美元，比2022年增長20％。
Business Progress:
業務進展：
Throughout 2023, focus was on assessing performance issues from 2022 and improving the model for optimal performance.
Actions included tightening credit, expanding collection team, and introducing a 'back-end profit program'.
A Generation 8 machine learning-based AI model and AI-backed document review were implemented to improve operational efficiency.
A 25% increase in recurring payment sign-ups occurred due to a new customer outreach program.
Growth and expansion are expected in 2024 given the strong relative position and early adjustments compared to competitors, underpinned by a positive economic outlook, low rates, and low unemployment.
Operational efficiency was shown by reducing accounts per collector and increasing real estate savings by leveraging remote work.
整個 2023 年，重點是評估2022年以來的性能問題和改進模型以實現最佳性能。
行動包括收緊信貸、擴大收款團隊和引入 “後端利潤計劃”。
實施了基於第 8 代機器學習的人工智能模型和人工智能支持的文檔審查，以提高運營效率。
由於一項新的客戶拓展計劃，定期付款註冊量增加了25％。
鑑於與競爭對手相比的強勁相對地位和較早的調整，以及樂觀的經濟前景、低利率和低失業率的支撐，預計2024年將實現增長和擴張。
通過減少每個收款人的賬戶數量以及通過利用遠程辦公增加房地產儲蓄，這表明了運營效率。
More details: Consumer Portfolio Services IR
更多詳情： 消費者投資組合服務 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。