Welcome to our dedicated page for Atlanticus Holdings news (Ticker: ATLC), a resource for investors and traders seeking the latest updates and insights on Atlanticus Holdings stock.
Atlanticus Holdings Corporation (NASDAQ: ATLC) is a financial technology company that works with bank, retail, and healthcare partners to provide consumer credit products to everyday Americans, including financially underserved and near-prime consumers. The Atlanticus news feed on Stock Titan highlights developments that affect its credit card issuing, private label credit, auto finance, and capital markets activities.
Investors following ATLC news can track announcements about managed receivables growth, account origination volumes, and portfolio acquisitions. Recent company releases describe significant milestones such as the acquisition of Mercury Financial LLC, which added approximately 1.3 million credit card accounts and $3.2 billion in credit card receivables, as well as the purchase of a Vive Financial credit card receivables portfolio from PROG Holdings. These events illustrate how Atlanticus uses acquisitions and portfolio purchases to expand its scale and reach in consumer credit.
News items also cover earnings results, where Atlanticus reports trends in total operating revenue and other income, net margin, and managed receivables, along with commentary on underwriting standards, marketing efforts, and portfolio performance. Additional coverage includes capital markets transactions such as offerings of senior notes and refinancings of term securitizations, which provide insight into the company’s funding strategy and cost of capital.
Regular press releases address preferred stock dividends on the company’s Series B Cumulative Perpetual Preferred Stock and management’s perspective on growth opportunities across general purpose credit card, private label credit, and auto finance channels. By reviewing ATLC news on this page, readers can see how Atlanticus executes its strategy of enabling more inclusive financial services through proprietary technology, analytics, and long-standing experience in consumer lending.
Atlanticus Holdings Corporation (NASDAQ: ATLC) announced a quarterly dividend of $0.476563 per share for its Series B Cumulative Perpetual Preferred stockholders. This cash dividend is set to be paid on or about December 15, 2022 to those on record as of December 1, 2022. Atlanticus, a financial technology leader, provides inclusive financial services through its partnerships, leveraging over $27 billion in consumer loans across its 25-year history.
Atlanticus Holdings Corporation (NASDAQ: ATLC) reported a 36.3% increase in total operating revenue for Q3 2022, amounting to $277.9 million. The company added over 80,000 new accounts, bringing total serviced accounts to 3.3 million, a 28.1% year-over-year growth. However, net income attributable to common shareholders fell 34.9% to $26.3 million, translating to $1.41 per diluted share. Managed receivables increased 41.8% to $2.1 billion. The firm anticipates slower revenue growth amid tightened underwriting standards.
Atlanticus Holdings Corporation (NASDAQ: ATLC) announced the promotion of Rosalind Drakeford to Managing Counsel, Chief Compliance Officer, and Corporate Secretary. With 23 years of experience as Assistant General Counsel and 10 years as Director of Compliance, Drakeford will enhance the company's compliance functions and manage the legal team. CEO Jeff Howard praised her contributions to compliance infrastructure, crucial for the company's goal of empowering financial outcomes for everyday Americans.
Atlanticus Holdings Corporation has launched the Aspire® Banking platform, a unique banking solution targeting the unbanked and underbanked populations in the U.S. This program allows customers to qualify for a credit card offer within 90 days upon completing specific banking activities. The Aspire® Banking service includes a debit card with no minimums or fees, and access to various banking features designed to promote positive financial habits. By aiming to save consumers from excessive fees and enabling credit access, Atlanticus demonstrates its commitment to financial inclusivity.
Atlanticus Holdings Corporation (NASDAQ: ATLC) has launched the Aspire® Banking platform, designed to help the unbanked and underbanked gain access to credit. This innovative program allows customers to complete a list of banking activities within 90 days to qualify for an Aspire® Credit Card. Key features include no minimums, no monthly fees, and access to extensive ATM networks. The platform aims to address the financial needs of nearly 44 million Americans who struggle with traditional banking, ultimately promoting better financial habits.
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Atlanticus Holdings Corporation (NASDAQ: ATLC) has announced a quarterly dividend of $0.476653 per share for Series B Cumulative Perpetual Preferred stockholders. This dividend is set to be paid on or about September 15, 2022, to shareholders on record as of September 1, 2022. Atlanticus focuses on providing inclusive financial services, having supported over 18 million customers and facilitating $27 billion in consumer loans throughout its 25-year history.
Atlanticus Holdings Corporation (NASDAQ: ATLC) reported a significant 50.3% increase in total operating revenue for the second quarter of 2022, reaching $269.8 million, driven by a 40.2% rise in purchase volume to $769.1 million. The company serviced 3.2 million accounts, up 47.0%, and managed receivables grew 53.0% to $1.9 billion. Despite these gains, net income dropped 13.6% to $27.8 million, with earnings per diluted share at $1.46. Atlanticus also repurchased 355,036 shares for $12.9 million.
Atlanticus Holdings Corporation (NASDAQ: ATLC) announced a quarterly dividend of $0.483091 per share for Series B Cumulative Perpetual Preferred stockholders. The dividend will be paid on or about June 15, 2022, to shareholders on record as of the close of business on June 1, 2022. The company, focused on providing inclusive financial services through advanced analytics, has serviced over 18 million customers and originated $27 billion in consumer loans throughout its history.
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