ENVA - Earnings call transcript Q2 2022 | Enova International, Inc.

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Operator

Good afternoon, and welcome to the Enova International Second Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Lindsay Savarese, Investor Relations for Enova. ahead. go Please

Lindsay Savarese

and the operator, this everyone. released Enova after Thank quarter good XXXX for second market XXXX, ended results the you, closed. afternoon, June afternoon XX,

not and Chief from the Officer; Fisher, webcast Relations earnings is did be If With of at our Chief Financial and Investor on the call a call me being may it you Executive on section our today's you Officer. archived obtain This press receive Relations website. will website release, Cunningham, ir.enova.com. of section of Steve copy David are Investor our

on Before David, press subject as release, factors, from various that statements, note I earnings results Form are that and XX-K, future of risks Form call including XX-Q, turn these contain Annual as or current a undertake result Form today, those on this and the and Actual over materially on result made forward-looking on reports on to I'd any to like forward-looking differ a new are we of risk call will our discussion to quarterly assumptions Report and statements, update important obligation events. based and to information as note in is our discussed such, in Please statements reports uncertainties. no today's may X-K. as that

non-GAAP the press do In measures between addition these to the our to included in are tables enhance conform not that Accepted GAAP found today's certain reporting, Generally Principles. these Enova measures US non-GAAP performance. believe measures GAAP understanding financial and Accounting We in release. reports Reconciliations of

of like website. on we the release, over to And to the have with our IR in financial noted I'd As information posted call David. turn that, earnings our portion supplemental

David Fisher

overview everyone. Thanks quarter our second of an will call afternoon, with I for results. Good start today. our joining

delivered results stable financial results discuss million who EPS in XXXX. in bottom to strong second and over that, our strategy at $XXX our will year-over-year second all X% In turn Steve EBITDA again top the CFO, Cunningham, outlook of for Adjusted and remainder quarter, more was adjusted by After detail. I'll the products. the $X.XX. discuss Now and once million. our Revenue I'll call outlook XX% quarter of and increased $XXX driven and solid sequentially demand the and to across was line credit our we

in sustainable are levels and will levels are profitable and our income total elevated and this come according with credit target committed to environment, inflation the including with excess stable customer a on lower pleased on know positive. wage pretty Non-prime than solid remains concerns, execution but and growth, producing recession to are results turbulence expected [ph]. trillion to I strong of continued particularly demand our for Barker to trends at base the growth surprise $X We front. better Despite trillion strong macro customers actually remain continued with macroeconomic some, customers footing saving some our these $X as and in reform.

Labor of remains there the seeking latest openings people shows Statistics data were first ever. than the Bureau importantly, for from labor market job The the more time More hot. that jobs

unemployment and growing. low are addition, historically In remains the wages rate

electronic paycheck-to-paycheck year. by statement more of trying data inflation, temporary increasing for focused Despite and and five-year spending has and bank earnings couple appear months, year dining, also many shows clothing. still At in dislocations one the the still lost savings the in and have consumers The the obtained, COVID spending be savings up been over higher level, growth of live to because time and between very in wages, increase customers' statement data, shows accumulated monthly electronic elevated wage real income negative past positive a their as While months, travel meaningful we last of healthy the bank remains expenditures. have pandemic over six period. during our it make their our to customers a

unemployment loans earnings inflation to mentioned for inflation. result well generally consumers plus but before, rise loans as may current have demonstrate, customers capital, need continued mean additional As pay and the back, low through to our manage we've the those in

recession are living on quickly Looking have, adjust and an forward, tend their our could are paycheck-to-paycheck prime into able have as and customers to They economy dip the than less impact experienced while already in recessions of a on to finances needed. possibly borrowers.

small bolstering in the along strong helping business for mentioned, and spending, bottom and consumer surge been I SMB As to credit have creating line environment. customers, businesses is able pass our the increases price a

good the feel current the about to in of of are we economy So while could environment, that performance this continue fact customers our very we deteriorate. cognizant

are more at As risk growth and the a approach result, between we taking a balanced moment.

increasing we metrics very shifted environment. the on of credit with the focus our plan origination as were year, our of XXXX, from we a was aggressively always QX strong strong our sharp growth. by and other as we While focus demand But and of beginning to late more we grow a keep macroeconomic pandemic, given even fast began XXXX, possible credit focus prudently this in supportive credit in seeing, late performance QX on

compared deteriorate generating mean frequency In portfolio our payment We increase from origination on was does capital, our double see more that it products. And QX, does high this short performance into incorporate growth ROE by of than targets retracting returns. still room decision-making, ongoing across weighted the of resiliency this QX, finally, ROE do our that not relatively the are duration we of fast feedback increasing plenty of but XX.X% net XX.X% and well in the pre-COVID of cost our As average X.X% you act our quickly environment we credit remained X.X% provides we the quarter to levels unusually with our up in can an showing XX% healthy to our X% to have strong XXXX credit for while to portfolio. quarter QX. for XXXX, The $X of XXXX. changes. compared of second is and of second that Notably, to and billion. strong QX QX quality us in economic over charge-offs below result billion, enabling our $X.X as remains in nearly grew net Total in charge-offs sequentially second while of portfolio QX, just from the originations totaled quarter up XX%

strong as quarters have Our new marketing last growth been of provides effective, of tailwind customers we from history with have highly The for lower seen customer We're origination. at return time. over total several efforts the in big XX% credit a new as by as a this typically default much of than performance new over successful those customers. encouraged growth, rate a customers returning additional originations customers

accounted portfolio quarter, additional products provides and protection discussed in against small the regulatory the loans and XX% line in XX% while changes X%. consumer In for macroeconomic we've highly in Within portfolio, depth, now are portfolio, credit changes of our products business As environment. XX%. diversified second XX% accounted of and represented products for represented the environment of consumer only short-term us our consumer, competitive installment our

based and and between seasonality. expect fluctuate We small time, over mix to the both factors on business consumer macroeconomic continue to

have been as are remains as strong. transportation. prone couple originations been the industries to quarters, small to well continue flows, real-time over recession like the external businesses to on more we pulling and data of few recession-prone and analyze to have industries back that monitor last cash credit a construction QX beneficiary X% do to business reopening performance than were We continue small after in portfolio higher and We pandemic. see that the economy QX strength in

As we have a discussed approach our previously, we growing to business. have demonstrated prudent small

great the investments Australia. are competitively on that On we Brazil. of our On us and We through brand These the continues Deck On Deck to positioned out, divestiture sum, preference this Looking -- the And on recession our in well monetize communicated of the exceed been small acquisition our to strong In economic of we've the strategy believe will cycles, of and Canada enable delivered further our US business ODX, and the acquisition the portfolio. we time in at our resources diversity pandemic. of including expectations. and onset the a transactions core year focus brands consumer we given successful success to Deck COVID number and our

a our talented and technology proprietary and our success analytics to is employees. extremely of testament the strength Our

than diversified addition, our additional product diversified In offering ever. provides more portfolio our resiliency as in

to credit. see solid to start with momentum continue across a We stable very strong continued Enova originations and QX

track will, We profitable online-only will believe talented always, different come. drive to market navigating to years the growth sheet performance drive of that as record highly and manage and conditions, in balance our extensive strong model, team our the flexible, business

following And discuss to questions like turn the these CFO, results be would may over will outlook and our we to you will more Cunningham, I answer to have. in detail. Now Steve our financial Steve? remarks, any that happy who call

Steve Cunningham

good you, David, Thank afternoon, and everyone.

delivered and and learning-powered risk quarter solid unit growth, solid As David offerings, of as credit while our performance management remarks, machine noted we in another attractive and drive top product maintaining meaningful bottom-line capabilities team marketing credit our diversified leveraged to effective portfolio financial performance his economics.

of than XX% quarter, second at growth receivables quarter the up Total quarter on quarter our XXXX revenue was $X.X results. to the million. sequentially an to driven sequentially of amortized in the revenue combined XX% balances, the second of and second higher basis finance by which X% the second of XXXX. $XXX increase quarter Turning billion from The company loan and second rose were and increased continued company the XX% total end for

the prior small of the of the sequentially sequentially new an million. a originations sequentially XXXX. billion XX quarter end sequential quarter increased total quarter million. As strong, the the than the receivables second business higher totaling X% consumer remain receivables at the second Small and XX% June year Consumer basis $XXX year X% of from increased business second on as $XXX increased remain quarter end an XX% XX% and to to billion, marketing XX% company up from our amortized Originations of increase the revenue for amortized $X XXXX and as from $XXX Small from and second David basis originations quarter during than quarter XX, the total Revenue highly consumer million. quarter of Business quarter prior X% higher the originations to than XX% XX% from XX% and ended million. totaled on billion, our the second rose to as originations XX% second at from from XX% XX% quarter the activities and March higher of of XXXX, noted, customers of businesses prior totaled up originations year effective. second XXXX, $X.X $X.X $XXX

expectation This in be sequential the third quarter. the growth than Looking for and growth. will ahead, revenue of for timing, upon company to originations we expect depend the quarter the mix speed higher sequential total the rate growth rate slightly second

value, As fair margin driver expected, quarter the line fair most second as the net value valuation with to components, expectations, credit and of main perform is to net credit item resulting fair charge-offs discuss assumptions line revenue two including items continues portfolio's value, discount expectations. for from detail. the significant change future I'll portfolio loss updates changes our rate. prepayment The more was in quality, and which during in the inputs, both to the the in key included XX% quarter

quarter of First, receivables, from the and of from X.X% down second second total the average of percentage in the X.X%, a net as quarter, finance was and XXXX. up combined ratio last loan X.X% quarter company charge-offs

ratio preceded small the especially at for net second of but March days year ratio X.X% from declined XX, XX-plus the X.X% quarter all consumer X.X% from quarter XX, second June quarter receivables in prior basis end the the recent percentage last customers. day total XXXX, across in X.X%, continue XX X.X% for points was XX.X% to of quarter The or of which our consumer ago. from performance receivables is portfolio's at down from the The in below drove see X.X% year lower quarter charge-off the payment last XX than ratio to quarter charge-off than business the receivables business past more of consumer periods and we due products. quarters, of the net as new acceleration second ratio A growth strong higher a sequential up XX.X% over second decline. in small ratio and decrease the at The and was the quarter delinquency pre-pandemic portfolio

over and XXX%. from consolidated increased performance of slightly June credit for just As a to outlook our performance of expected result principal the the solid credit a XXst March portfolio, portfolio a value fair XXth percentage of stable as of lifetime at the

As credit in XX-K, of value our to noted lifetime we've changes our the performance the most is receivables. sensitive in fair portfolio's expected

our methods for risk been products forecasts team decision-making as ability life manage learning our lifetime to for using credit cumulative and credit loss fair analytics of critical drive well economics over expected our foundation Our successfully loss calculations have estimate estimation machine our of is input new powered the initial vintages. lifetime that both value the that models, our expectations for The company. a unit credit as

of and quarter. fair model who related internally vintages, the senior from lifetime have and validation each quarter originated from remaining receivables. externally to lifetime to their the estimate significant our our models accuracy accounting fair estimates Deloitte calculate risk built value analytics, loss calculations own cumulative previously teams value loss fair by and received auditors our each the value is updated forecasts external management and the in test current For and order These review for

products a of has better quarters, noted levels payment the or controlled This than as in be consumer third the several with $X.X of lead estimates or and in lifetime small than stability quarter the for improvement the the or equal, percentage for has line our fair to loss portfolio, or of improvement fair percentage As quarter originations for in expectations. this marks portfolios performance being the expectations. customer record or line credit both all using increased value originations, our as been improvement highly would over consecutive Even portfolio our performance principal. past we've new premium that continues a value in estimation the the and in billion estimates to portfolio stability principal as business lifetime for both for premium in the our result of in would cumulative better process, stability year the loss cumulative things aforementioned

future value assumptions used in expectations, every credit to evaluate fair and rates quarter, also loss addition In our discount we key valuation other models.

analysis As the to fair basis information. observed value item discount of fair XX points most in To line change summarize, this a value used result the the increased by we incorporate products our quarter, second for for calculations market rates a rates improved levels in future of modeling outlook solid is metrics second performance discount charge-offs, for by end this that quarter growing reflect portfolio. primarily the driven, net to slightly credit expected for of credit and the at higher quarter and continue our of

Looking ahead, of revenue the net XXXX for net quarter margin to we the the similar third to revenue be expect quarter second margin.

payment of Our future mix net and revenue margin expectations and will depend speed, the growth. upon performance originations portfolio timing,

expenses Now, Total the XX% revenue revenue turning second second the of to million compared of or $XXX million XXXX. quarter, expenses. XX% in were of or to operating for including $XXX marketing, quarter

the XX% Marketing XX% quarter drove second quarter reflect as or this of solid expenses in operating million stronger-than-expected compared as of continued revenue, originations well XXXX. revenue demand increased million spend that fixed marketing scaling our costs. Our or from of $XX totaled customer to $XX expenses of

period portion of under are of accounting, we as XXXX prior marketing over deferring today. we them and as the the instead reminder, do and value industry the incurred a expenses in still the recognized a loans they many to life fair recognizing As in did

of the of and technology million totaled especially compared year quarter forward, Operations we rest be the second growth XX% or customers. revenue as $XX expenses new the marketing the range of low upon in XX% from $XX revenue revenue XXXX. percentage Looking the depend expect the expenses will quarter originations, a to million of second XX% but for of or in to in for

should growing O&T quarter should originations and an and be this and expense Given XX% for million range second XXXX. and XX% sequential million environment in $XX expected are the $XX revenue. XX% of of increases or significant or of compared X% the receivables in second between of costs administrative General where category, expenses variable the revenue component quarter totaled to in of revenue

of million as expenses the earnings, these scale we quarter-to-quarter, diluted with growth below the variations remainder diluted the We there last expenses to million the and ended marketable in be of and We to expect slight per revenue quarter non-GAAP second year. and as of $X.XX $XXX of $X.XX including or capacity unrestricted billion of per $X second cash prior an diluted cash adjusted While XX% share from measure share facilities. XXXX. on $XXX percentage $XX of of may compared quarter had a G&A $X.XX per recognized remain through share million with quarter securities additional million $XXX in a available committed

our As a securitization demand. two that million. base basis million new support $XXX we priced business over $XXX at business lenders warehouse customer two-year XXX June, will by points and earlier announced closed is capacity month, during small funding bank small in index applicable We increased we new the with funding the

is existing used XXXX new we XXX and financial committed capacity liquidity increased of portfolio $XXX the million $XXX other performance credit purposes In our and million. priced facility, was plus for to revolving addition, and of terms facility of enhance facilities the and extended profile strength capital corporate our The at flexibility points. secured partnerships. maturity attractive solid the is the reflect our June which general to by and solid SOFR working bank business basis These of our further credit

second business demonstrating to quarter for funds ranges our was utilized, of of our our the strength the of our valuation. from X.X% marginal approximately relative on in continued versus of for confidence depending and the cost Our quarter XXXX. second X.X% X% X% the current funds to cost Currently, facility

$XXX million shares second remaining acquired of At share XXX,XXX XX we XX, million. repurchase $XX at our the June a we cost program. approximately quarter, under During million had

growth a long-term to commitments flexibility on and operating as revenue originations we higher summarize and Our increase us well outlook, repurchases. expect our customer to with demand second rate strong and give continued ample share continued business to our quarter in value, To through shareholder environments as a rate. the meaningful deliver to at sequential solid quarter and receivables, slightly range to of sheet third our navigate both than financial in liquidity investments successfully the sequentially balance continue

to we similar second our revenue credit business will consumer strength the the see across company portfolio, total small expect in As margin quarter. be both to we net metrics and continue

to These addition, expenses our the XX% with the growth. in in continued fixed range. revenue In lead low mid-XX% marketing and expect EBITDA costs we should margins of expectations scale in adjusted

quarterly in the EPS We increases third adjusted XXXX. to year-over-year of quarter in resume also expect

Our will evolving of take the originations that resilient product the direct third our risk of quarter growth timing, business learning-powered expectations and solid also model, mix We support our to depend positioned with credit effectively demonstrated the upon diversified macro your a environment, questions. while team speed to to adapt confident online-only a capabilities, risk. drive offerings, we'd ability has Operator? us remain well happy that, growth. ability management to nimble continue to be profitable machine sheet balance managing talented And

Operator

[Operator We first will from is David go question Instructions] now JMP. the Scharf question-and-answer with Please Our ahead. session. begin

David Scharf

my Thanks Hey, taking question. good for afternoon.

markets new north about. the couple that XX%, in was years -- borrowers know lot laundry in of And list when of kind And from called a maybe – new ahead, do what of things milestone some sort a see these David, really guess, deterioration new the or of though, whatnot? XX%. and generic of get we you proactively. I can days. I first, now everybody if or curious it's concentration? I ago, I sort how pulled looking usual I with levers line But recall labor a I that originations it's from And can what of You of seems had with of up as percentage them reached credit, the inflation was to questions on the credit few which some it out start loosening think quality, a finally customer whether it's customers addressed

of just broader usually of on rates, the is on first sort the or of underwriting? take that kind too of to of sort If percentage is that payment stress it borrowers thing pull kind Is see tightening you start you simplistic? new you any much back a on, of

David Fisher

at it more I I correct. mean, is complicated is level a much high that than mean, obviously that.

least So don't you two It marketing, on But mean, existing it new do with ways there. is is customer take anything efficient pulling there the back simplistic. there's you action mean we customers, a by yeah, do there's to you're marketing. I doesn't bit on ways, more because – more tend And your two doing it side. at risk especially

bringing I new significantly. yeah, expected changed you're tightening have think the do at But So few least it's of at was comparing high when customers end, our can we then credit, when is customers mix on targets, both. on important higher ROE, higher ago, or XX% kind and ROE has to a the years you're

So the where that most a importantly, there loans bigger of refinances loans quickly longer longer-term portion is I customers with a lot was there's a is of is And the became where miniscule bigger where And NetCredit single much now think and part importantly, business much new SMB X%. with business business. very of portion also customers just a fewer and of sub our as rollovers returning pay, refis.

– take off don't their on until a So and been they pay customers completely credit lines customers those where stay you don't business, and become new as largely line repeat by replaced – line. that's

right, we see the frequency year. of it some products we of duration levers credit payment lots is on and of some because our prime longer-term of average is Everything else below mean, a – side. to even high kind I see two pull seeing So near those at it all have across when the our it products, is of mix, is clearly of very is, when we're quickly, And if of but we deteriorate. years

in So quickly. so very, short we frequency one, payment high very act we can very have very

David Scharf

QX, is bank I some with unsecured in post sure mean, of among And your you the comment gas we the lenders. just or is just experience, to during certainly mean, make in I season, change kind among data lenders. competitors listen, subprime correctly, increasing other just exorbitant this suggest this in more XX of I days on – behavior otherwise, delinquencies I there July, I And to any reporting expect your it. other specific to electronic or prices? as month subprime Got of contrast caring respect in anything heard to auto, don't that anything are mean, about, there

David Fisher

answer me part me first, to of the Let second some let back competitors. go the

no, I look things better would in if So anything, a say even little July.

no in business very, Look, an It's I is mean, auto data. subprime prime, credit lenders. near almost by and looking So kind separate prime have to put today over bad There there's got we've lenders years, new good. between the all correlation you a it's very just factors, auto, are cars. that reported different largely of prime look, news. that bucket. price good subprime entirely not of reported unsecured very different business But driven lenders the seen like subprime

are other well. couple So where points really, people bit data a some people of a little and really points data doing struggle where

publicly. of look rest great goes. the reporting XX the in level season right I credit times than detailed so how we ways is report see we data Look, So at our mean, looking the now. across And But products deeper many

David Scharf

allocate particularly you're it. with answer a one versus little SMB, consumer back a that's in capital But And as if just tough the the loans stock think even where buying efficiencies we marketing becomes just or benchmark ROE back price, about levels. enough. or at credit the another question, shares, to quantification. certain towards that seeing between higher-margin currently buying delivering, a no-brainer it versus you're your balance stock no Got there more these the deterioration multiple a to last on Is perfect Fair

David Fisher

for sure. mean, I Yes.

excited quarter think our sure, we at was to more little at our I stock think later for And levels, back use we can limit I the been stock, and thing much these back income bond mean, year, back have buying us only our back of net when buy yes, a buying which each stock. last this covenants, that holds we time, really -- And aggressively buy is levels. how our really were stock. we are I our these to from the

So to -- we've around been be continue continue aggressive stock, to levels of and of we'll these buyers these be buyers anything stock. aggressive our levels, our near

David Scharf

Got And one just it. --

David Fisher

$X liquidity, don't the one the With to billion do other-- that have both. -- $X billion We we can with -- choice. billion with of make

David Scharf

right, authorization. XX-fold right, Right, borrowing of versus factor mean, obviously, capacity right. I the

you remind me -- can just what covenant the caps ? Just lastly,

David Fisher

of about easy to it. net kind think is XX% income of Basically, the way

David Scharf

Okay. Got it. Well, Perfect. right. you. thank All

David Fisher

Yes, absolutely.

Operator

The next question is Jefferies. Hecht from go ahead. with Please John

John Hecht

guys. quarter. on a Congratulations Hey, good

are pretty little the new [indiscernible] a Just There’s supply? question versus tag side business onto regard? the [indiscernible] the business more -- small on that consumer versus the business in Dave's or they -- in mix

David Fisher

consumer. a $X as choice have I we Yes. target. don't love capital allocation again, a you up like, capital little question, billion-ish bit, or ROE can both grow to we make think our business broke John, I diversified. mean, your love but sense, being a of, of and makes And between business liquidity, given -- We of with small I We businesses. fast allocation, kind get near both the and small the as

a job, making terrific balance the our done has is sheet super strong. So treasury the team sure [indiscernible]

make choices So right doing well are now. having two tough really between we're that to not businesses

John Hecht

apologize I is appreciate that. that it is to -- I'm the mix similar more signal or segments, -- question of here, Actually, question is customers, was tied if having recurring there… but both new in versus the I or bad those the was a

David Fisher

you the many sub-prime fewest term a so the product, of products just they're versus Yes. look is some longer new line if loans that of has they're we at of even mean, installment recurring. because there by level, at totally installment are new versus number what by different loans. just credit just credit, of high But longer It's versus most, products. segment. I call not because Near-prime -- returning customers, line has

customers, you're as small not So and many bringing businesses middle. returning in the back

John Hecht

of Okay. have the us? you worth job there it it's customer on year done costs this front, sacrificing – obviously to out customer that the or channels acquisition And guys acquisition originations whether calling marketing are Is really without immediate then credit. anything good a really growing whether

David Fisher

media our No. the I you direct have know, now channels well digital. only then diversified over become And really mail our historically TV, another we've lead marketing as I -- products, as mean They we they both think we as well, really channels capabilities focused not but years. in our our really be broad-based focus. to strengthened very, very marketing used as

So at mix pretty they and marketing fluctuate this certainly from a is but it products across fluctuate point. quarter-to-quarter, diversified

John Hecht

much guys. very Okay. Great. Thanks

David Fisher

Thank Yes. you.

Operator

Please [Operator Instructions] with The go next ahead. question John is Janney. Rowan from

John Rowan

guys. Good afternoon

David Fisher

John. Hey,

Steve Cunningham

Hey, John.

John Rowan

think the if if the correct? second in guidance, that EPS So wrong, me growth quarter, I was I'm resume I correct will year-over-year

Steve Cunningham

right. That's

John Rowan

fourth Does quarter that is the apply well, or quarter? as just second that for

David Fisher

Third quarter.

Steve Cunningham

Yes.

John Rowan

I'm was quarter, just the that's It quarter, correct? not fourth sorry. third the

Steve Cunningham

That's correct.

John Rowan

Okay. was -- we this profit of gross sure -- want still just seen first where kind Are in to with that that I quarter we've is range? line long-term Do the still margin no guidance is good the update a kind it to the of of range? quarter obviously, to we XX%. XX% make there's

Steve Cunningham

really settle mean somewhere high of like revenue -- which strong has given the low a that's the across range, to margin mix also in a I would in business, touch a done drive net different a we've what credit continued XXs. David more customers, low but I and with the we've small expect it's between mentioned, below John, business small as it's just to new XXs growth for our right to high range. think if look you still little I normal Yes, products, consumer, seen

see more segments range. the forward, And we normal So XX% more to at in you'll normalized their XX% we're ranges. two if still move a as to -- think continue good in those product move settle a is environment,

John Rowan

you Thank very Okay. much.

David Fisher

Thank, John.

Operator

our remarks. Fisher over like the turn closing David concludes to I would session. for conference to This question-and-answer any back

David Fisher

joining We for everyone, Thanks, today. forward speaking next a our again to good with call look you Have evening. quarter.

Operator

conference has presentation. today's The you concluded. for now Thank attending

disconnect. may now You

Enova International (ENVA) 29 Jul 222022 Q2 Earnings call transcript