Atlanticus Holdings Corp

For the period ended Mar 31, 2024. Filed May 10, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 10, 2024

ATLC$79.69-1.8%Stored close · as of Nov 10, 2026

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Contents

Item 1. Consolidated Statements of Income

Consolidated Statements of Income (Unaudited)

(Dollars in thousands, except per share data)

	For the Three Months Ended
	March 31,
	2024	2023
Revenue:
Consumer loans, including past due fees	$230,374	$209,701
Fees and related income on earning assets	47,905	44,357
Other revenue	11,895	6,924
Total operating revenue	290,174	260,982
Other non-operating revenue	532	59
Total revenue	290,706	261,041
Interest expense	(35,063)	(24,234)
Provision for credit losses	(2,944)	(704)
Changes in fair value of loans	(159,171)	(149,822)
Net margin	93,528	86,281
Operating expenses:
Salaries and benefits	(13,312)	(10,604)
Card and loan servicing	(26,822)	(24,335)
Marketing and solicitation	(10,428)	(10,406)
Depreciation	(654)	(618)
Other	(9,491)	(6,236)
Total operating expenses	(60,707)	(52,199)
Income before income taxes	32,821	34,082
Income tax expense	(7,002)	(8,188)
Net income	25,819	25,894
Net loss attributable to noncontrolling interests	351	318
Net income attributable to controlling interests	26,170	26,212
Preferred stock and preferred unit dividends and discount accretion	(6,292)	(6,227)
Net income attributable to common shareholders	$19,878	$19,985
Net income attributable to common shareholders per common share—basic	$1.35	$1.38
Net income attributable to common shareholders per common share—diluted	$1.09	$1.08

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.