Welcome to our dedicated page for Atlanticus Holdings news (Ticker: ATLC), a resource for investors and traders seeking the latest updates and insights on Atlanticus Holdings stock.
Atlanticus Holdings Corporation (NASDAQ: ATLC) is a financial technology company that works with bank, retail, and healthcare partners to provide consumer credit products to everyday Americans, including financially underserved and near-prime consumers. The Atlanticus news feed on Stock Titan highlights developments that affect its credit card issuing, private label credit, auto finance, and capital markets activities.
Investors following ATLC news can track announcements about managed receivables growth, account origination volumes, and portfolio acquisitions. Recent company releases describe significant milestones such as the acquisition of Mercury Financial LLC, which added approximately 1.3 million credit card accounts and $3.2 billion in credit card receivables, as well as the purchase of a Vive Financial credit card receivables portfolio from PROG Holdings. These events illustrate how Atlanticus uses acquisitions and portfolio purchases to expand its scale and reach in consumer credit.
News items also cover earnings results, where Atlanticus reports trends in total operating revenue and other income, net margin, and managed receivables, along with commentary on underwriting standards, marketing efforts, and portfolio performance. Additional coverage includes capital markets transactions such as offerings of senior notes and refinancings of term securitizations, which provide insight into the company’s funding strategy and cost of capital.
Regular press releases address preferred stock dividends on the company’s Series B Cumulative Perpetual Preferred Stock and management’s perspective on growth opportunities across general purpose credit card, private label credit, and auto finance channels. By reviewing ATLC news on this page, readers can see how Atlanticus executes its strategy of enabling more inclusive financial services through proprietary technology, analytics, and long-standing experience in consumer lending.
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Atlanticus Holdings Corporation (NASDAQ: ATLC) announced strong financial results for 2022, achieving over $1 billion in annual revenue with a 40.6% increase from the previous year. Total operating revenue for Q4 2022 rose 24.1% to $268.7 million, while net income attributable to common shareholders decreased 59.5% to $17.7 million, or $0.98 per diluted share. The company also expanded its customer base by 22.3% to 3.3 million accounts. Despite ongoing economic pressures, Atlanticus remains optimistic about future growth, leveraging its increased managed receivables and strong cash position.
Atlanticus Holdings Corporation (NASDAQ: ATLC) has declared a quarterly dividend of $0.476563 per share for its Series B Cumulative Perpetual Preferred stockholders. This cash dividend is scheduled for payment on or about March 15, 2023, to those on record by the close of business on March 1, 2023. The company’s technology supports over 18 million customers and facilitates $27 billion in consumer loans, empowering financial inclusivity through partnerships across banking, retail, and healthcare sectors.
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