Consumer Portfolio Services, Inc.

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Good day, everyone, and welcome to the Consumer Portfolio Services 2022 Second Quarter Operating Results Conference Call. Today's call is being recorded. Before we begin, management has asked me to inform you that this conference call may contain forward-looking statements. Any statements made during this call that are not statements of historical facts may be deemed forward-looking statements. Statements regarding current or historical valuation of receivables because dependent on estimates of future events are also forward-looking statements. All such forward-looking statements are subject to risk that could cause actual results to differ materially from those projected. I refer you to the company's annual report filed March 15th for further clarification. The company assumes no obligation to update publicly any forward-looking statements, whether as a result of new information, further events, or otherwise. With us here is Mr. Charles Bradley, Chief Executive Officer, and Mr. Jeff Fritz. Chief Financial Officer of Consumer Portfolio Services. I will now turn the call over to Mr. Bradley.

Thank you and welcome to our second quarter earnings call. As you can tell from the press release, the numbers, we are certainly very happy with the results. They're literally the best results for a quarter we've had in the company. Broke lots of records. We had the most originations ever in a month, over 200 million in June. We also had the most originations in a quarter with 548 in the second quarter. Portfolio went over 2.5 billion. So, you know, during all these years, we kept saying, well, we needed to grow. We needed to do this. It's nice to say we're doing exactly what we've been planning on doing for several years in the sense of what we wanted to grow to, the way we wanted to run our portfolio, the kind of loans we wanted to buy, expansion of our deal base, all these different things. And so all those things are going exactly the way we wanted them to and probably even exceeding our expectations. The results in terms of the earnings are obviously very strong. Did a couple other sort of good things. We renewed both of our warehouse lines. and upsize them to $200 million apiece from $100 million each. So now we're in a position where we can continue to buy as much paper as we want, always being mindful that we want to buy the paper we want, not just buy a lot of paper. There's lots of other little highlights we can talk about, but I'll go through all of those after Jeff runs through the financials.