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.