Aug. 12 at 8:50 PM
$CPSS
For the quarter, CPSS reported net income of
$4.8 million, or
$0.20 per share versus our
$0.26 EPS estimate. Relative to our model, the EPS miss entirely reflected higher-than-anticipated interest expense (largely a function of the prevailing rate backdrop), as revenue matched our forecast and non-interest expenses came in meaningfully below our estimates.