Enova International (ENVA) Tops Q1 EPS by 10c
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Enova Reports First Quarter 2022 Results
May 3, 2022 4:16 PM EDTTotal revenue increased 6% sequentially in the first quarter of 2022 and 49% from the first quarter of 2021 to $386 millionStrong first quarter profitability with diluted earnings per share of $1.50 and adjusted earnings per share of $1.67Total company originations totaled $1.0 billion, 2.7% lower sequentially due to normal seasonality and more than double originations during the first quarter of 2021Continued strong credit performance with consolidated portfolio net charge-offs as a percentage of average combined loan and finance receivables of 7.6% in the first quarter of 2022, compared to 4.2%, 16.8% and 15.4% for the first quarters of 2021, 2020 and 2019, respectivelyAcquired approximately... More
