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Sep 30, 2023
Enova Q3 2023 Earnings Report
Enova reported record revenue and solid credit performance, driven by strong demand and effective risk management.
Key Takeaways
Enova International reported a 21% increase in total revenue to $551 million, a record for the company. Diluted earnings per share were $1.29, and adjusted earnings per share were $1.50. The company's combined loans and finance receivables increased by 15% to $3.1 billion, with originations reaching a quarterly record of $1.3 billion. The Board of Directors also authorized a new $300 million share repurchase program.
Total revenue increased 21% year-over-year to a record $551 million.
Diluted earnings per share reached $1.29, and adjusted earnings per share totaled $1.50.
Combined loans and finance receivables increased 15% year-over-year to $3.1 billion.
A new $300 million share repurchase program was authorized by the Board of Directors.
Enova
Enova
Forward Guidance
Enova is well positioned to deliver on its commitment to driving long-term shareholder value.