Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 264

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 264
---
,493,868  
    $2,903,746 

See accompanying Notes to Consolidated Financial
Statements.

 F-4 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except per share data)

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Revenues: 

    Interest income 
    $363,962  
    $329,219  
    $305,237 
  
    Mark to finance receivables measured at fair value 
     21,000  
     12,000  
     15,283 
  
    Other income 
     8,544  
     10,795  
     9,189 
  
    Total revenues 
     393,506  
     352,014  
     329,709 

    Expenses: 

    Employee costs 
     96,192  
     88,148  
     84,282 
  
    General and administrative 
     54,710  
     50,001  
     37,618 
  
    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: