Sees FY25 managed receivables growth 5%-8%. Narrows FY25 C&I net charge-offs view to 7.5%-7.8% from 7.5%-8%. Sees FY25 operating expense ratio 6.6%. Says front book is growing and continues to perform in line with expectations. Says back book now accounts for 10% of receivables, but contributes 24% to delinquencies. Says back book continues to diminish. Says as back book continues to run down will contribute less to delinquencies business. Comments and guidance taken from Q2 earnings conference call.
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