Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 151

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 2
Chunk 151
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 %Finance receivables, net$154,518 $105,401 47 %

(1)Includes $0.2 million of intersegment transactions as of both June 30, 2025 and 2024, respectively, related to the Company offering AFF’s LTO payment solution in its U.S. pawn stores that are eliminated upon consolidation. Excluding these intersegment transactions, consolidated net leased merchandise as of June 30, 2025 and 2024 totaled $100.7 million and $142.9 million, respectively.

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The following table details the changes in the allowance for lease and loan losses and other portfolio metrics for the three months ended June 30, 2025 as compared to the three months ended June 30, 2024 (dollars in thousands):

Three Months EndedJune 30,Increase / 20252024(Decrease)Allowance for lease losses:Balance at beginning of period$69,077 $95,786 (28)%Provision for lease losses (1)32,667 47,824 (32)%Charge-offs(33,744)(41,973)(20)%Recoveries1,972 1,664 19 %Balance at end of period$69,972 $103,301 (32)%Leased merchandise portfolio metrics:Provision rate (2)30 %33 %Average monthly net charge-off rate (3)6.2 %5.4 %Delinquency rate (4)23.2 %23.0 %Allowance for loan losses:Balance at beginning of period$118,342 $96,020 23 %Provision for loan losses41,761 31,116 34 %Charge-offs(40,078)(28,813)39 %Recoveries2,849 1,638 74 %Balance at end of period$122,874 $99,961 23 %Finance receivables portfolio metrics:Provision rate (2)28 %30 %Average monthly net charge-off rate (3)4.6 %4.5 %Delinquency rate (4)20.6 %20.0 %

(1)Includes $0.1 million and $0.2 million of provision for lease losses from intersegment transactions for the three months ended June 30, 2025 and 2024, respectively, related to the