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 (ATLC) delivers innovative credit solutions through its technology-driven financial services platform. This news hub provides investors and stakeholders with essential updates on corporate developments, strategic partnerships, and operational milestones.
Access timely press releases covering earnings reports, credit portfolio expansions, and technology initiatives. Our curated collection helps users track ATLC's progress in consumer finance markets while maintaining awareness of risk management practices and regulatory compliance updates.
Key updates include quarterly financial results, leadership announcements, product launches in private label credit programs, and advancements in predictive analytics capabilities. Bookmark this page for direct access to original source materials and objective reporting on ATLC's market activities.
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.
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.
Atlanticus Holdings Corporation (NASDAQ: ATLC) reported a 59.7% increase in first-quarter 2022 revenues, totaling $229.8 million. The substantial growth was fueled by a 55.2% rise in purchase volume, reaching $594.1 million, and a 58.1% increase in total customers served, now at 2.9 million. Earnings per diluted share rose 2.6% to $1.96, despite heightened marketing expenses. The company retired over 1 million shares during the quarter. However, total operating expenses surged 69.8% to $70 million, prompting cautious outlook amid potential economic stress and rising interest rates.
Atlanticus Holdings Corporation (NASDAQ: ATLC) has appointed Dennis James as an independent Director and Chair of the Audit Committee, effective April 1, 2022. This decision expands the Board to seven members. According to CEO Jeff Howard, James' extensive financial expertise will enhance the Board's capabilities as the company aims for growth. James brings experience as CEO of ScoresMatter, Inc. and previously led International Media Technologies, with a strong background in corporate banking. Atlanticus focuses on providing inclusive financial services through technology.
Atlanticus Holdings Corporation (NASDAQ: ATLC) reported a significant financial performance for Q4 2021, with net income attributable to common shareholders reaching $43.7 million ($2.13 per diluted share), a 99.5% increase year-over-year. Total operating revenue surged 54.4% to $216.5 million, driven by a 58.5% rise in purchase volume to $616.3 million. For the full year, net income rose 101.9% to $155.5 million ($7.56 per diluted share), alongside a 32.8% increase in operating revenue to $743.9 million. The company's managed receivables climbed 47.7% to $1.6 billion as of December 31, 2021.
Atlanticus Holdings Corporation (NASDAQ: ATLC) announced a quarterly dividend of $0.470035 per share for Series B Cumulative Perpetual Preferred shareholders. The dividend will be paid on or around March 15, 2022, to those on record as of the close of business on March 4, 2022. The company specializes in providing inclusive financial services through its technology, supporting bank, retail, and healthcare partners with consumer loans totaling $26 billion over its 25-year history. This announcement underscores Atlanticus's commitment to delivering shareholder value.
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