AI English summary of an SEC filing — figures as filed

The company said net earnings for Q2 2024 were $643 million ($1.55 per diluted share), compared with $569 million ($1.32 per diluted share) for Q2 2023.

8-KResults of Operations and Financial ConditionFiled Jul 17, 2024Period of report Jul 17, 2024Summary published (UTC) Oct 20, 2026

Key points

AI summary

The company said net earnings for Q2 2024 were $643 million ($1.55 per diluted share), compared with $569 million ($1.32 per diluted share) for Q2 2023.
The company said loan receivables rose 8% to $102.3 billion in Q2 2024, purchase volume fell 1% to $46.8 billion, and average active accounts rose 2% to 71.0 million.
The company said loans 30+ days past due were 4.47% of total period-end loan receivables at the end of Q2 (3.84% a year earlier), and net charge-offs were 6.42% of average loan receivables (4.75% a year earlier).
The company said it returned a total of $400 million to shareholders in Q2, including $300 million of share repurchases and $100 million of common stock dividends. It said the remaining share repurchase authorization as of June 30, 2024 was $1 billion.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q2 2024 Net Earnings $643 million, $1.55 Per Diluted Share

The company said net earnings for Q2 2024 were $643 million ($1.55 per diluted share), compared with $569 million ($1.32 per diluted share) for Q2 2023.

Source · Based on the filing body and exhibits

Loan Receivables $102.3 billion, Purchase Volume and Active Account Trends

The company said loan receivables rose 8% to $102.3 billion in Q2 2024, purchase volume fell 1% to $46.8 billion, and average active accounts rose 2% to 71.0 million.

Source · Based on the filing body and exhibits

Credit Metrics: 30+ Days Past Due 4.47%, Net Charge-Off Rate 6.42%

The company said loans 30+ days past due were 4.47% of total period-end loan receivables at the end of Q2 (3.84% a year earlier), and net charge-offs were 6.42% of average loan receivables (4.75% a year earlier).

Source · Based on the filing body and exhibits

Shareholder Returns $400 million, Remaining Share Repurchase Authorization $1 billion

The company said it returned a total of $400 million to shareholders in Q2, including $300 million of share repurchases and $100 million of common stock dividends. It said the remaining share repurchase authorization as of June 30, 2024 was $1 billion.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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