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) 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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Atlanticus Holdings Corporation (NASDAQ: ATLC) has appointed Brian Stone as Chief Data Science and Risk Officer and Kas Naderi as Chief Information Officer. Stone will leverage over 20 years of experience in data science to enhance analytics across the organization, focusing on consumer marketing and customer service. Naderi, who has been with Atlanticus for seven years, will lead information technology systems and strengthen the company’s cloud infrastructure. The company aims to improve its financial services for everyday Americans through advanced technology and data analytics.
Atlanticus Holdings Corporation (NASDAQ: ATLC) has successfully closed the full over-allotment option for its public offering of 6.125% Senior Notes due 2026. This resulted in an additional issuance of 600,000 Notes, generating approximately $14.5 million in net proceeds after underwriting discounts and commissions. The Notes are traded on the Nasdaq Global Select Market under the symbol 'ATLCL'. The offering was conducted under an effective shelf registration statement filed with the SEC.