A week after highlighting the 2022 successes of one of its divisions, Westlake Technology Holdings announced strong 2022 results from all companies on Thursday.

Executives highlighted each company generated steady year-over-year growth, improved operational efficiency and implemented of new programs driven by the “consistent hard work and dedication of its employees.”

Westlake Technology Holdings group president Ian Anderson said through a news release that “2022 focused on the synergy between our companies.

“Throughout the year we looked for innovative ways of improving operation efficiencies to grow our businesses,” Anderson continued while noting Westlake Holdings ended the year at $20.1 billion in assets under management, up from $16 billion in 2021.

In other 2022 achievements, Westlake Technology Holdings reported the following:

—Westlake Financial automated origination processes for improved efficiency, allowing some organic deals to be funded to the dealer in as fast as 4 seconds! Westlake’s portfolio ended with $15 billion outstanding

—Western Funding saw 58% year-over-year growth in booked contracts and a 62% growth in producing dealers. Western Funding increased total earning assets 74% year-over-year from $339 million to $550 million

—Westlake Capital Finance (WCF) introduced solar, home improvement, and elective medical asset classes to its capital line offerings. WCF increased total earning assets 26% year-over-year from $31 million to $40 million

—Wilshire Consumer Credit (WCC) increased total earning assets by 46% from $154 million to $224 million

—Westlake Direct grew its net income by 29.9% year-over-year through the deployment of originations in point of sale and refinance program while its portfolio went from $237 million to $236 million

—Westlake Portfolio Management (WPM) experienced a 138% increase in managed contract portfolios year-over-year from $268 million to $639 million

—Westlake Flooring hits its record net income goal of $34 million and is aiming higher in 2023, while its earning assets increased 27% from $292 million to $372 million

—Credit Union Leasing of America experienced a 41% year-over-year increase in participating auto dealers, with seven new credit union relationships and nine states added to its origination portfolio

—Global Track increased total net income by 153% year-over-year

—Northlake increased total earning assets by 340% year-over-year

“Between the efforts of the employees, the implementation of new programs, and steady YOY growth Westlake Technology Holdings saw strong 2022 results,” said Paul Kerwin, chief financial officer of Westlake Technology Holdings. “We eagerly look forward to 2023 and the successes our employees will bring to the table”

More details about the company are available at www.westlakefinancial.com.