ENVA - Enova International stock climbs after Q4 originations jump 25% from Q3

Enova International (NYSE:ENVA) stock gains 5.7% in after-hours trading after the AI-powered fintech posts better than expected Q4 earnings as total originations grew 25% from Q3 to a record $1.1B. In addition, the company continues "to see strong unit economics from new originations as credit performance across our brands continues to perform inline or better than expectations," said CFO Steve Cunningham. Q4 adjusted EPS of $1.61 beat the $1.18 consensus and declined from $2.39 in Q4 2020. Q4 adjusted EBITDA of $101.4M fell from $148.8M in the year-ago quarter. Consolidated portfolio net charge-offs as a percentage of average combined loan and finance receivables were 6.7% in Q4 2021 vs. 4.7% in Q4 2020. Earlier, Enova non-GAAP EPS of $1.61 beats by $0.43, revenue of $363.61M beats by $15.75M.

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Enova International stock climbs after Q4 originations jump 25% from Q3