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Consumer Portfolio Services, Inc. (NASDAQ:CPSS), a finance services company headquartered in Las Vegas, Nevada, with a market capitalization of $191.49 million and a P/E ratio of 9.92, has disclosed the finalized non-equity incentive plan compensation for its executive officers for the fiscal year ended December 2024. According to InvestingPro data, the company has maintained profitability over the last twelve months, with annual revenue of $185.46 million. The details were provided in a Form 8-K filed with the Securities and Exchange Commission (SEC) on Monday, May 5, 2025.
The company’s Compensation Committee approved the incentive payments under the Executive Management Bonus Plan, which had not been determined at the time of the filing of the company’s Form 10-K on March 12, 2025, and were therefore omitted from the Summary Compensation Table in that report. The revised Summary Compensation Table now includes these finalized amounts, as well as each named executive officer’s total compensation for FY2024.
For FY2024, the company’s chief executive officer, Charles E. Bradley, Jr., received a salary of $995,000 and a non-equity incentive plan compensation of $3,130,000, with additional compensation bringing his total to $4,165,611. The incentive plan payments were based on the achievement of specific performance objectives, which included company financial targets and operational goals. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 2.37, indicating robust liquidity management.
The CEO Pay Ratio for FY2024 was also disclosed, calculated at 55.5 to 1. This ratio is based on the chief executive officer’s total compensation compared to the median employee’s compensation, which was $75,054 for the same period.
The filing also provided information on the compensation of other named executive officers, including the President and Chief Operating Officer, the Executive Vice Presidents, and the Chief Financial Officer. Their compensation packages included salaries, non-equity incentive plan compensation, and other forms of compensation such as insurance premiums, employer matching contributions, vacation cash-outs, car allowances, and gym membership fees.
Consumer Portfolio Services, Inc. emphasized that the disclosure was made in accordance with SEC regulations and represents the company’s commitment to transparency regarding executive compensation. The information is based on a press release statement. For deeper insights into CPSS’s financial health, valuation metrics, and growth prospects, investors can access the comprehensive Pro Research Report available exclusively on InvestingPro, which covers over 1,400 US stocks with detailed analysis and actionable intelligence.
In other recent news, Consumer Portfolio Services reported a robust financial performance for the fourth quarter of 2024, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.79, significantly exceeding the projected $0.31, while revenue reached $105.3 million, above the forecasted $103.17 million. This marks a 14% revenue increase from the previous year, highlighting strong growth in loan originations. Additionally, Consumer Portfolio Services completed a $65 million securitization deal involving residual interests from previous securitizations. This transaction involved selling asset-backed notes secured by an 80% stake in a majority-owned affiliate. Analysts from firms like Ally have noted the company’s strategic focus on AI innovations, which contributed to operational efficiencies and cost savings. The company is also projecting continued growth in 2025, supported by tightened credit models and expanded dealer relationships. Despite a decline in net income from the previous year, Consumer Portfolio Services remains optimistic about its future prospects.
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