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Dec 31, 2021
Credit Acceptance Q4 2021 Earnings Report
Credit Acceptance reported consolidated net income and adjusted net income for Q4 2021 and FY 2021.
Key Takeaways
Credit Acceptance Corporation announced consolidated net income of $217.6 million, or $14.60 per diluted share, for the three months ended December 31, 2021, compared to $166.3 million, or $9.43 per diluted share, for the same period in 2020. Adjusted net income for the three months ended December 31, 2021, was $212.6 million, or $14.26 per diluted share, compared to $189.5 million, or $10.75 per diluted share, for the same period in 2020.
Forecasted collection rates for Consumer Loans assigned in 2019 and 2020 increased, increasing forecasted net cash flows from our loan portfolio by $31.9 million.
Forecasted profitability per Consumer Loan assignment has exceeded our initial estimate for Consumer Loans assigned in 2021 and significantly exceeded our initial estimates for Consumer Loans assigned in 2018 through 2020.
Consumer Loan assignment volume declined, as unit and dollar volumes declined 22.6% and 12.7%, respectively, as compared to the fourth quarter of 2020.
Stock repurchases of approximately 606,000 shares, which represented 4.1% of the shares outstanding at the beginning of the quarter.
Credit Acceptance
Credit Acceptance
Credit Acceptance Revenue by Segment
Revenue by Segment
Finance Charges Revenue
CapyFin.comPremiums Earned Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
We claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for all of our forward-looking statements. Statements in this release that are not historical facts, such as those using terms like “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “assume,” “forecast,” “estimate,” “intend,” “plan,” “target” and those regarding our future results, plans and objectives, are “forward-looking statements” within the meaning of the federal securities laws.
Revenue & Expenses
Visualization of income flow from segment revenue to net income