Atlanticus (US:ATLC) Globenewswire·2026-03-12 20:24Core Insights - Atlanticus Holdings Corporation reported a fourth quarter net income of $32.8 million, or $1.75 per diluted share, marking a 24.9% increase compared to the previous year [5][20] - The company achieved total operating revenue and other income of $734.4 million, a significant increase of 107.9% year-over-year, primarily driven by the acquisition of Mercury Financial [4][11] - Managed receivables rose by 155.2% to $7.0 billion, with $3.2 billion attributed to the Mercury brand, indicating strong growth in both private label credit and general purpose credit card products [5][7] Financial Results - Total operating revenue and other income for Q4 2025 was $734,375,000, compared to $353,186,000 in Q4 2024, reflecting a 107.9% increase [4][11] - Net income attributable to common shareholders increased to $32,829,000 from $26,291,000, a rise of 24.9% [20][31] - Return on average equity was reported at 22.1% for the quarter [5] Managed Receivables - Managed receivables increased by 155.2% to $7.0 billion, with $3.2 billion linked to the Mercury acquisition [5][7] - Excluding Mercury, managed receivables grew by $1.0 billion, a 37.2% increase from the previous year [7] - Total accounts served increased by 59.9% to 5.9 million, including 1.3 million accounts from Mercury [7] Operating Expenses - Total operating expenses rose by 67.1% to $129,631,000, driven by the Mercury acquisition and increased marketing costs [16][31] - Interest expense for the quarter was $125,225,000, up from $44,670,000, primarily due to increased debt levels [12][31] - Changes in fair value of loans resulted in a loss of $431,082,000, compared to a loss of $184,310,000 in the previous year [14][31] Shareholder Returns - The company repurchased and retired 294,320 shares of common stock during the quarter [21] - The long-term focus remains on delivering attractive returns for shareholders, with expectations of maintaining returns on shareholder capital of 20% or more [4][3]