Business
Atlanticus Reports Fourth Quarter and Full Year 2024 Financial Results
Fourth Quarter 2024 net margin growth of 28.0% over prior year, with 3.7 million accounts served (1) ATLANTA, March 13, 2025 (GLOBE NEWSWIRE) -- Atlanticus
About this update from Atlanticus Holdings Corporation
[{"type":"text","content":"Fourth Quarter 2024 net margin growth of 28.0% over prior year, with 3.7 million accounts served (1) ATLANTA, March 13, 2025 (GLOBE NEWSWIRE) -- Atlanticus Holdings Corporation (NASDAQ: ATLC) (Atlanticus, the Company, we, our or us), a financial technology company that enables its bank, retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans, today announced its financial results for the fourth quarter and full year ended December 31, 2024. An accompanying earnings presentation is available in the Investors section of the Company’s website at www.atlanticus.com or by clicking here. Financial and Operating Highlights Fourth Quarter 2024 Highlights (all comparisons to the Fourth Quarter 2023) Managed receivables2 increased 13.0% to $2.7 billionTotal operating revenue and other income increased 14.4% to $353.2 millionReturn on average equity of 22.3 %3Purchase volume of $660.2 millionOver 368,000 new accounts served during the quarter, 3.7 million total accounts served1Net income attributable to common shareholders of $26.3 million, or $1.42 per diluted common share 1) In our calculation of total accounts served, we include all accounts with account activity and accounts that have open lines of credit at the end of the referenced period.2) Managed receivables is a non-GAAP financial measure and excludes the results of our Auto Finance receivables. See Calculation of Non-GAAP Financial Measures for important additional information.3) Return on average equity is calculated using Net income attributable to common shareholders as the numerator and the average of Total equity as of December 31, 2024 and September 30, 2024 as the denominator, annualized. Management Commentary Jeff Howard, President and Chief Executive Officer at Atlanticus stated, “We are pleased to have once again achieved our return on capital targets while prudently growing our business. The past few years have had numerous disruptions – a pandemic, credit score inflation resulting from trillions of dollars of government stimulus, rapid increases in inflation, recessionary pressure on everyday Americans, an unforeseen potential regulatory change and an irrational competitive environment brought on by numerous new entrants into our lines of business. I am incredibly proud of the way the Atlanticus team has managed thr...