Company: FCFS
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000840489-25-000120
Chunk: 91

Company: FirstCash Holdings, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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,As ofDecember 31,202520242024Finance receivables, gross$298,081 $259,485 $294,166 Merchant partner discounts and premiums, net(24,195)(20,227)(22,833)Unearned origination fees(5,031)(6,310)(6,827)Finance receivables, amortized cost268,855 232,948 264,506 Less allowance for loan losses(115,721)(109,197)(117,005)Finance receivables, net$153,134 $123,751 $147,501 The following table details the changes in the allowance for loan losses (in thousands):Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Balance at beginning of period$122,874 $99,961 $117,005 $96,454 Provision for loan losses (1)35,557 40,557 113,678 102,091 Charge-offs(45,705)(32,969)(124,202)(95,061)Recoveries2,995 1,648 9,240 5,713 Balance at end of period$115,721 $109,197 $115,721 $109,197 (1)The provision for loan losses presented on the consolidated statement of income for both the three and nine months ended September 30, 2025 includes an additional $4.8 million of provision expense related to an off-balance sheet bank-originated finance product the Company’s retail POS payment solutions business (American First Finance or “AFF”) bank partner began offering during the third quarter of 2025 in which AFF is responsible for reimbursing the bank partner for certain charge-offs, which the Company is required to recognize a liability for at inception. 

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The following is an assessment of the credit quality indicators of the amortized cost of finance receivables as of September 30, 2025 and 2024, by origination year (in thousands):Origination Year202520242023TotalAs of September 30, 2025Delinquency:1 to 30 days past due$22,166 $6,252 $152 $28,570 31 to 60 days past due13,912 4,243 135 18,290 61 to 89 days past due (1)10,