Company: FCFS
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0000840489-25-000061
Chunk: 23

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 in SOFR or TIIE. The fair value of the senior unsecured notes is estimated based on quoted prices in markets that are not active.

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Note 5 - Finance Receivables, Net 

Finance receivables, net, which include retail installment sales agreements and bank-originated loans, consist of the following (in thousands):As of March 31,As ofDecember 31,202520242024Finance receivables, gross$296,999 $222,087 $294,166 Merchant partner discounts and premiums, net(27,355)(15,221)(22,833)Unearned origination fees(6,223)(5,193)(6,827)Finance receivables, amortized cost263,421 201,673 264,506 Less allowance for loan losses(118,342)(96,020)(117,005)Finance receivables, net$145,079 $105,653 $147,501 The following table details the changes in the allowance for loan losses (in thousands):Three Months EndedMarch 31,20252024Balance at beginning of period$117,005 $96,454 Provision for loan losses36,360 30,418 Charge-offs(38,419)(33,279)Recoveries3,396 2,427 Balance at end of period$118,342 $96,020 

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The following is an assessment of the credit quality indicators of the amortized cost of finance receivables as of March 31, 2025 and 2024, by origination year (in thousands):Origination Year202520242023TotalAs of March 31, 2025Delinquency:1 to 30 days past due$8,682 $14,504 $1,271 $24,457 31 to 60 days past due3,350 11,189 845 15,384 61 to 89 days past due (1)735 10,288 742 11,765 Total past due finance receivables12,767 35,981 2,858 51,606 Current finance receivables88,669 114,138 9,008 211,815 Finance receivables, amortized cost$101,436 $150,119 $11,866 $263,421 Origination Year202420232022TotalAs of