2001 Subprime Earnings: So Far, So Good for Lenders The early round of earnings reports suggests that, for some subprime lenders anyway, 2001 was a good time to do business. American Business Financial Services, for instance, reported $2.5 million in net income for the quarter ended Dec. 31. Among the factors that affected its earnings was ABFI’s $4.5 million valuation adjustment of its interest-only strips.