Company: CPSS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003436
Chunk: 119

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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5, and December 31, 2024, respectively, have been excluded from the amount reported above for residual
interest financing. Similarly, unamortized debt issuance costs of $3.7 million and $4.3 million as of March 31, 2025, and December 31,
2024, respectively, have been excluded from the Warehouse lines of credit amounts in the table above. These debt issuance costs are presented
as a direct deduction to the carrying amount of the debt on our Unaudited Condensed Consolidated Balance Sheets.

     19 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS

(5) Interest Income and Interest Expense

The following table presents the components of interest
income:

    Schedule of interest
    income 

    Three Months Ended 

    March 31, 

    2025  
    2024 

    (In thousands) 
  
    Interest on finance receivables 
    $1,171  
    $2,337 
  
    Interest on finance receivables at fair value 
     99,567  
     80,505 
  
    Other interest income 
     1,195  
     1,446 
  
    Interest income 
    $101,933  
    $84,288 

The following table presents the components of
interest expense:

    Schedule of interest expense 

    Three Months Ended 

    March 31, 

    2025  
    2024 

    (In thousands) 
  
    Securitization trust debt 
    $45,044  
    $35,932 
  
    Warehouse lines of credit 
     6,513  
     4,321 
  
    Residual interest financing 
     2,715  
     1,209 
  
    Subordinated renewable notes 
     646  
     506 
  
    Interest expense 
    $54,918  
    $41,968 

(6) Earnings Per Share

Earnings per share for
the three-month periods ended March 31, 2025, and 2024 were calculated using the weighted average number of shares outstanding
for the related period. The following table reconciles the number of shares used in the computations of basic and diluted earnings