Springleaf Holdings (LEAF) Misses Q3 EPS by 3c

Springleaf Holdings (NYSE: LEAF) reported Q3 EPS of $0.50, $0.03 worse than the analyst estimate of $0.53.

Jay Levine, President and CEO of Springleaf said, “Our results this quarter continue to demonstrate our ability to generate significant growth in total receivables and receivables per branch, both of which were up over 30% from last year’s quarter. Growing receivables per branch continues to be a key strategy for us because of the positive operating leverage provided by our largely fixed cost branch network. Consumer receivables per branch reached $5.7 million3, up from $4.3 million one year ago and from $5.2 million at June 30, 2015, reflecting our continued success with direct auto lending. Also contributing to our strong performance this quarter was the meaningful improvement in our net charge-off ratio from last year’s third quarter and the second quarter of this year.”

For earnings history and earnings-related data on Springleaf Holdings (LEAF) click here.

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