| | Business Summary | | WFS
Financial
Inc.
is
an
independent
automobile
finance
company
with
28
years
of
experience
in
the
automobile
finance
industry.
The
Company
originates
services
and
securitizes
new
and
pre-owned
automobile
installment
contracts,
which
are
generated
through
its
relationships
with
over
8,500
franchised
and
independent
automobile
dealers
in
42
states.
The
Company
provides
service
to
dealers
through
its
nationwide
network
of
business
development
representatives.
Its
business
development
representatives
provide
dealers
with
a
single
contact
to
whom
they
can
sell
most
of
their
automobile
contracts.
The
Company
originated
$4.2
billion
of
automobile
contracts
during
2000
and
serviced
a
portfolio
of
$6.8
billion
at
December
31,
2000. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | WFS
Financial
Inc.
is
a
consumer
finance
company
that
specializes
in
the
purchase,
securitization
and
service
of
fixed
rate
consumer
auto
loans
from
its
network
of
new
and
used
car
dealers.
For
the
six
months
ended
6/30/01,
total
revenues
rose
26%
to
$219.6
million.
Net
income
rose
24%
to
$38.3
million.
Revenues
reflect
increased
net
interest
income
due
a
increased
balance
of
contracts
held.
Earnings
were
partially
offset
by
a
higher
provision
for
credit
losses. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Ernest Rady, 62
Chairman | $663K | -- | Thomas Wolfe, 40
Pres
and COO | 492K | $4.3K | Joy Schaefer, 40
Vice
Chairman and CEO | 607K | -- | Lee Whatcott, 40
Sr.
Exec. VP, CFO | 407K | -- | Dawn Martin, 40
Exec.
VP, CIO | -- | -- | | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/w/wfsi.gif)