Enova International reported a decrease in revenue but a significant increase in net income and EPS for Q4 2020. The company's performance reflected the adaptability of its technology-driven online business and the successful navigation of shifting market conditions.
Quarterly diluted earnings per share from continuing operations increased from $0.87 to $6.47 year-over-year.
Adjusted earnings per share increased from $0.92 to $2.39 year-over-year.
Total company originations more than tripled from the third quarter to $536 million.
The consolidated portfolio net charge-off ratio was 4.7%, down from 15.6% a year ago.
Given the ongoing uncertainties related to COVID-19 resurgences, changes in governmental restrictions, potential economic stimulus, employment stabilization and business reopenings, the Company is not providing guidance for the first quarter of 2021.
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