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 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.
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Atlanticus Holdings Corporation (NASDAQ: ATLC) announced strong financial results for 2022, achieving over $1 billion in annual revenue with a 40.6% increase from the previous year. Total operating revenue for Q4 2022 rose 24.1% to $268.7 million, while net income attributable to common shareholders decreased 59.5% to $17.7 million, or $0.98 per diluted share. The company also expanded its customer base by 22.3% to 3.3 million accounts. Despite ongoing economic pressures, Atlanticus remains optimistic about future growth, leveraging its increased managed receivables and strong cash position.
Atlanticus Holdings Corporation (NASDAQ: ATLC) has declared a quarterly dividend of $0.476563 per share for its Series B Cumulative Perpetual Preferred stockholders. This cash dividend is scheduled for payment on or about March 15, 2023, to those on record by the close of business on March 1, 2023. The company’s technology supports over 18 million customers and facilitates $27 billion in consumer loans, empowering financial inclusivity through partnerships across banking, retail, and healthcare sectors.
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.