Earnings Per Share at High End of Guidance
The first quarter earnings were reported at $0.03 per share, which is at the high end of the company's guidance.
Triad's Strong Performance
Triad's adjusted operating income was over $13 million, a 44% increase year-over-year, with high-margin channel originations up 44%.
New Partnerships with JPMorgan and New York Life
ECN Capital announced the addition of JPMorgan and New York Life to Triad's family of flow partners, enhancing funding capacity.
Record Originations in March
Q1 was the largest first quarter of originations in company history, with March seeing more than $110 million funded in Chattel alone.
Strong Credit Performance
Credit performance at Triad remains strong with delinquencies seasonally lowered and managed assets growing.
RV and Marine Segment Growth
Adjusted operating income for RV and Marine was $1.2 million, with originations up 24%.