Atlanticus Holdings Corporation reports developments as a financial technology company that enables bank, retail and healthcare partners to offer consumer credit products to everyday Americans. Its platform supports retail and healthcare private-label credit, general purpose credit cards, point-of-sale and point-of-care channels, direct mail, internet marketing and third-party partnerships.
Recurring news covers quarterly operating results, managed receivables, credit performance, portfolio purchases and the completed Mercury Financial acquisition. Updates also address securitization financing, integration of acquired portfolios, Auto Finance programs for independent automotive dealers and non-prime finance organizations, and dividends on the company’s Series B Cumulative Perpetual Preferred Stock.
Atlanticus Holdings Corporation (NASDAQ: ATLC) reported strong Q2 2025 financial results, with significant growth across key metrics. The company achieved net margin growth of 35.8% year-over-year and reached 4.0 million total accounts served.
Key highlights include: managed receivables increased 26.1% to $3.0 billion, total operating revenue grew 24.8% to $393.8 million, and the company maintained a return on average equity of 20.8%. Purchase volume reached $997.9 million, with over 590,000 new accounts added during the quarter. Net income attributable to common shareholders was $28.4 million, or $1.51 per diluted share.
The company's growth was driven by expanded marketing initiatives, new partnerships, and improved product offerings, while maintaining rigorous underwriting standards. During Q2, ATLC repurchased 41,381 shares for $1.92 million.
- Managed receivables increased 16.7% to $2.7 billion - Total operating revenue grew 18.9% to $344.9 million - Net income attributable to common shareholders rose 40.6% to $27.9 million - Earnings per diluted share reached $1.49 - Return on equity of 22.0% - Serving 3.8 million total accounts, adding 415,000 new accounts in Q1
The company's growth was driven by both private label credit and general purpose credit card products. While interest expenses increased due to higher borrowing costs, improved credit performance and operational efficiency contributed to stronger bottom-line results. Management expects continued growth throughout 2025, with general purpose credit card receivables growth anticipated to accelerate in Q3 and Q4.
Atlanticus Holdings (NASDAQ: ATLC) reported strong Q4 2024 financial results with notable growth across key metrics. The company achieved a 28.0% net margin growth year-over-year, serving 3.7 million accounts.
Key Q4 2024 highlights include:
- Managed receivables up 13.0% to $2.7 billion
- Total operating revenue increased 14.4% to $353.2 million
- Return on average equity of 22.3%
- Purchase volume of $660.2 million
- Net income of $26.3 million ($1.42 per diluted share)
The company's private label credit receivables grew by $292.4 million, while general purpose credit card receivables increased by $21.7 million in 2024. Despite various market challenges, Atlanticus maintained strong growth metrics over the past 5 years, with managed receivables growing at a 24% CAGR, revenue at 31%, and earnings at 29%.
Atlanticus Holdings (NASDAQ: ATLC), a financial technology company, has announced its Board of Directors' approval of a quarterly dividend for Series B Cumulative Perpetual Preferred shareholders. The dividend amount is set at $0.476563 per share and will be paid on or about March 17, 2025. Shareholders must be on record by the close of business on March 1, 2025 to receive this cash dividend. The company focuses on enabling bank, retail, and healthcare partners to provide more inclusive financial services to everyday Americans.
Atlanticus Holdings (NASDAQ: ATLC), a fintech company facilitating inclusive financial services, has announced its Board of Directors' approval of a quarterly dividend for Series B Cumulative Perpetual Preferred shareholders. The dividend amounts to $0.476563 per share and will be paid around December 16, 2024. Shareholders must be on record by the close of business on December 1, 2024 to receive the dividend payment.
Atlanticus Holdings (NASDAQ: ATLC) reported strong Q3 2024 financial results with total operating revenue increasing 19.0% to $351.0 million compared to Q3 2023. Managed receivables grew 14.6% to $2.7 billion, while serving 3.7 million total accounts. The company achieved a net income of $23.2 million attributable to common shareholders, or $1.27 per diluted share, representing a 22.9% increase. Purchase volume reached $819.0 million, with over 380,000 new accounts added during the quarter. The company maintained a return on average equity of 21.0%, demonstrating consistent profitability despite maintaining conservative credit policies.
Atlanticus Holdings (NASDAQ: ATLC), a financial technology company, has announced a quarterly dividend for its Series B Cumulative Perpetual Preferred shareholders. The Board of Directors approved a dividend of $0.476563 per share, to be paid on or around September 15, 2024. Shareholders of record at the close of business on September 1, 2024 will be eligible for this cash dividend.
Atlanticus enables its bank, retail, and healthcare partners to offer more inclusive financial services to millions of everyday Americans. This dividend announcement demonstrates the company's commitment to providing returns to its preferred shareholders.
Atlanticus Holdings (NASDAQ: ATLC) reported strong Q2 2024 results with 8.6% growth in total operating revenue to $315.6 million. Key highlights include:
- 11.1% increase in managed receivables to $2.4 billion
- 17.0% return on average equity
- $727.9 million in purchase volume
- 3.6 million total accounts served
- Net income attributable to common shareholders of $18.0 million, or $0.99 per diluted share
The company announced a partnership with Synchrony, expanding access to their platform. Despite tightened credit and moderated consumer spending, Atlanticus achieved double-digit receivables growth and record quarterly purchase volume. The company is implementing strategies to mitigate potential changes in allowable late fees and expects continued growth in managed receivables for the remainder of 2024.
Atlanticus Holdings (NASDAQ: ATLC) has successfully closed a $60 million add-on offering of 9.25% Senior Notes due 2029. The offering, which included a $5 million exercise of the underwriters' option, resulted in net proceeds of approximately $56.5 million after deducting underwriting costs. These Additional Notes will trade under the symbol 'ATLCZ' on Nasdaq and are expected to be fungible with the previously issued $57,250,000 Existing Notes.
The company plans to use the proceeds to redeem a portion of Class B preferred units issued by a subsidiary and/or for general corporate purposes. The offering was made through an effective shelf registration statement and was managed by B. Riley Securities, Janney Montgomery Scott, Lucid Capital Markets, and William Blair & Company as book-running managers.