Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 386

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1B
Chunk 386
---
 
  
    Interest 
     191,257  
     146,631  
     87,524 
  
    Provision for credit losses 
     (5,307) 
     (22,300) 
     (28,100)
  
    Sales 
     22,752  
     21,216  
     23,039 
  
    Occupancy 
     5,609  
     6,374  
     7,535 
  
    Depreciation and amortization 
     862  
     847  
     1,618 
  
    Total operating expenses 
     366,075  
     290,917  
     213,516 
  
    Income before income tax expense (benefit) 
     27,431  
     61,097  
     116,193 
  
    Income tax expense (benefit) 
     8,228  
     15,754  
     30,210 
  
    Net income 
    $19,203  
    $45,343  
    $85,983 

    Earnings per share: 

    Basic 
    $0.90  
    $2.17  
    $4.10 
  
    Diluted 
     0.79  
     1.80  
     3.23 

    Number of shares used in computing earnings per share: 

    Basic 
     21,292  
     20,896  
     20,958 
  
    Diluted 
     24,325  
     25,218  
     26,589 

See accompanying Notes to Consolidated Financial
Statements.

 F-5 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE
INCOME

(In thousands) 

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Net income 
    $19,203  
    $45,343  
    $85,983 
  
    Other comprehensive income (loss); change in funded status of pension plan, net of $681, $422 and $513 in tax for 2024, 2023 and 2022, respectively 
     1,