Q: Your views on PRL's earnings, please.
5i Research Answer:
EPS of 54c beat estimates of 52c; revenue of $166M beat estimates of $164M. The dividend was raised 7%. Revenue rose 20% but profit did decline about 2% year over year. The company noted it is seeing 'strong momentum'. ROE was 31% vs 42% in the prior period. Loan loss provisions improved, which is a positive sign, especially after peer company GSY's disaster in this metric. Total originations funded rose 30%.