The remaining $10 million decrease primarily relates to cost saving initiatives implemented, which have reduced our operating costs mostly in connection with our shared service functions and corporate footprint.

filing / Aug 7, 2026 / receipt

The remaining $21 million decrease primarily relates to cost saving initiatives implemented, which have reduced our operating costs mostly in connection with our shared service functions and corporate footprint.

filing / Aug 7, 2026 / receipt

The remaining $11 million decrease primarily relates to cost saving initiatives implemented, which have reduced our operating costs mostly in connection with our shared service functions and corporate footprint.

filing / Apr 29, 2026 / receipt

Operating expenses decreased $19 million from first-quarter 2025, primarily as a result of cost reduction efforts in connection with the various strategic initiatives that have been and continue to be implemented to simplify the Company, reduce our expense base and enhance our flexibility.

filing / Apr 29, 2026 / receipt

Additional cost reductions

ir_statement / Sep 15, 2026 / receipt

Cost reductions

ir_statement / Sep 15, 2026 / receipt

Divestiture of the Business Processing Segment (BPS) and outsourcing of loan servicing simplifies business

ir_statement / Sep 15, 2026 / receipt

Phase 1 reduction of Shared and Corporate Expense $119 million

ir_statement / Sep 15, 2026 / receipt

Significant additional overhead cost reductions expected in Phase 2

ir_statement / Sep 15, 2026 / receipt

Estimated pre-tax savings of $119 million for 17 year remaining life of legacy portfolio

ir_statement / Sep 15, 2026 / receipt

Improves operating break-even level by approximately $120 million annually

ir_statement / Sep 15, 2026 / receipt

Lowered break-even level has equivalent impact to adding $10 billion of new Consumer loans (>50% increase)

ir_statement / Sep 15, 2026 / receipt