Company: ATLCL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015559
Chunk: 182

Company: Atlanticus Holdings Corp
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 182
---
 Net margin 

     118,223

     93,528

     24,695

      Operating expenses: 

      Salaries and benefits 

     (15,503
     )

     (13,312
     )

     2,191

      Card and loan servicing 

     (32,152
     )

     (26,822
     )

     5,330

      Marketing and solicitation 

     (20,334
     )

     (10,428
     )

     9,906

      Depreciation 

     (797
     )

     (654
     )

     143

      Other 

     (8,569
     )

     (9,491
     )

     (922
     )

      Total operating expenses: 

     (77,355
     )

     (60,707
     )

     16,648

      Net income 
      
     $
     31,122

     $
     25,819

     $
     5,303

      Net loss attributable to noncontrolling interests 

     398

     351

     47

      Net income attributable to controlling interests 
      
     $
     31,520

     $
     26,170

     $
     5,350

      Net income attributable to controlling interests to common shareholders 
      
     $
     27,946

     $
     19,878

     $
     8,068

       29

 Three Months Ended March 31, 2025 Compared to Three Months Ended March 31, 2024 

Total operating revenue and other income. Total operating revenue and other income consists of: 1) interest income, finance charges and late fees on consumer loans, 2) other fees on credit products including annual and merchant fees and 3) interchange and servicing income on loan portfolios and other customer related fees.

Period-over-period results primarily relate to growth in private label credit and general purpose credit card products, the receivables of which increased to $2,706.3 million as of March 31, 2025, from $2,317.6 million as of March 31, 2024. We experienced growth in total operating revenues for both our general purpose credit card and our private label credit receivables for the three months ended March 31, 2025, when compared to the same period in 2024. These increases