Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 161

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 2
Chunk 161
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0.3 million of provision for lease losses from intersegment transactions for the six months ended 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 provision for lease losses for the six months ended June 30, 2025 and 2024 totaled $60.1 million and $90.7 million, respectively.

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The following table provides a detail of gross transaction volumes originated during the six months ended June 30, 2025 as compared to the six months ended June 30, 2024 (dollars in thousands):

Six Months EndedJune 30,Increase /20252024(Decrease)Leased merchandise$204,822 $300,899 (32)%Finance receivables291,205 207,422 40 %Total gross transaction volume$496,027 $508,321 (2)%

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

Six Months EndedJune 30,Increase / 20252024(Decrease)Allowance for lease losses:Balance at beginning of period$80,661 $95,752 (16)%Provision for lease losses (1)60,271 91,004 (34)%Charge-offs(75,272)(87,122)(14)%Recoveries4,312 3,667 18 %Balance at end of period$69,972 $103,301 (32)%Leased merchandise portfolio metrics:Provision rate (2)29 %30 %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$117,005 $96,454 21 %Provision for loan losses78,121 61,534 27 %Charge-offs(78,497)(62,092)26 %Recoveries6,245 4,065 54 %Balance at end of period$122,874 $99,961 23 %Finance receivables portfolio metrics:Pro