Strong report. Loan volumes up 12.7%, charge-off rate decreases due to higher loan sizes and quality. Return on equity 25.1%. Yields decrease because loan sizes have increased.
Decrease in earnings due to costs associated with opening new stores, which is hardly a cause for concern. Also some timing issues in collections and week-end effects. Huge share buybacks is a sign of strength.
Overall, diluted EPS continues to increase at double-digits and business model is on track and delivering strong growth.
Take the time to read the CEO comments before you speak:
This news story has 1 comment:
Decrease in earnings due to costs associated with opening new stores, which is hardly a cause for concern. Also some timing issues in collections and week-end effects. Huge share buybacks is a sign of strength.
Overall, diluted EPS continues to increase at double-digits and business model is on track and delivering strong growth.
Take the time to read the CEO comments before you speak:
http://1.usa.gov/TXxfOh