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Mar 31, 2021
Enova Q1 2021 Earnings Report
Enova reported a record first quarter profitability with increased earnings per share and strong credit performance.
Key Takeaways
Enova International reported a record first quarter of profitability, driven by solid credit performance, improving originations, and disciplined expense management. The company's diverse product offerings, machine learning-powered credit risk management capabilities, and solid balance sheet position them well to accelerate growth as the economy recovers.
Diluted earnings per share from continuing operations were $2.03 and adjusted earnings per share was $2.20.
Total company originations increased 7% year over year to $506 million.
Consolidated portfolio net charge-offs as a percentage of average combined loan and finance receivables declined to 4.2% from 16.8% in the first quarter of 2020.
Cash and marketable securities were $392 million at March 31, with available capacity on committed facilities of $412 million.
Forward Guidance
Due to the ongoing uncertainties related to virus resurgences, changes in governmental restrictions, potential economic stimulus, employment stabilization, and business re-openings, the Company is not providing guidance for the second quarter or full year 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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