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Sep 30, 2024
Enova Q3 2024 Earnings Report
Enova's Q3 2024 results reflected strong top-line growth and solid credit performance.
Key Takeaways
Enova International reported a strong third quarter in 2024, with revenue increasing by 25% and adjusted EPS increasing by 63% compared to the third quarter of 2023. The company's credit performance remained strong, and liquidity totaled $1.2 billion at the end of the quarter.
Total company revenue increased 25% and originations increased 28% from the third quarter of 2023.
Diluted earnings per share of $1.57 increased 22% and adjusted earnings per share of $2.45 increased 63% compared to the third quarter of 2023.
Credit performance remained strong compared to a year ago with lower consolidated net charge-off and delinquency ratios, a stable net revenue margin and a higher fair value premium on the total company portfolio.
Liquidity, including cash and marketable securities and available capacity on facilities, totaled $1.2 billion at September 30.
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CapyFin.com Forward Guidance
The company's diversified product offerings and strong competitive position coupled with a constructive, macroeconomic environment position Enova well for continued financial success.