Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 129

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 129
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:         
 Consumer loans, including past due fees  $247,655  $230,374 
 Fees and related income on earning assets   78,341   47,905 
 Other revenue   18,877   11,895 
 Total operating revenue and other income   344,873   290,174 
 Other non-operating income   293   532 
 Total revenue and other income   345,166   290,706 
         
 Interest expense   (47,530)  (35,063)
 Provision for credit losses   (1,068)  (2,944)
 Changes in fair value of loans   (178,345)  (159,171)
 Net margin   118,223   93,528 
         
 Operating expenses:         
 Salaries and benefits   (15,503)  (13,312)
 Card and loan servicing   (32,152)  (26,822)
 Marketing and solicitation   (20,334)  (10,428)
 Depreciation   (797)  (654)
 Other   (8,569)  (9,491)
 Total operating expenses   (77,355)  (60,707)
 Income before income taxes   40,868   32,821 
 Income tax expense   (9,746)  (7,002)
 Net income   31,122   25,819 
 Net loss attributable to noncontrolling interests   398   351 
 Net income attributable to controlling interests   31,520   26,170 
 Preferred stock and preferred unit dividends and discount accretion   (3,574)  (6,292)
 Net income attributable to common shareholders  $27,946  $19,878 
 Net income attributable to common shareholders per common share—basic  $1.85  $1.35 
 Net income attributable to common shareholders per common share—diluted  $1.49  $1.09 

See accompanying notes.

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      Table of Contents

Atlanticus Holdings Corporation and Subsidiaries

Condensed Consolidated Statements of Shareholders’ Equity and Temporary Equity (Unaudited)

For the Three Months Ended March 31, 2025 and March 31, 2024

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