CPS announced its third quarter earnings last week, and President and CEO Charles Bradley took to the phones to discuss the results with analysts.
The lender earned $5.9 million, good for $0.19 per share. This is up from $2.7 million and $0.11 per share for the same quarter in 2012. Revenues for the quarter were $64.1 million, a 34% increase over the $47.9 million in revenues from the same quarter last year.
In the Q&A, Bradley said that CPS’s “geographic expansion plan has continued to work very well.”
He also noted that the firm kept its APRs at around 20%, and that CPS does “very little in terms of keeping up in the markets.”
A few other notes from the call:
-Bradley noted that it is taking longer for CPS to train new employees, and that all calls to the firm are being recorded and monitored for regulatory reasons.
– CPS expects to repay $37 million of debt owed to investment-management Levine Leichtman Capital Partners by June 2014.
-Bradley wouldn’t say if he expects to see EPS continue to climb next year, but that he does expect the firm to continue doing well.
