Atlanticus Holdings Corporation (ATLC) 10-Year Financial Performance & Capital Metrics

ATLC • • Banking & Credit

Financial ServicesCredit ServicesConsumer Lending & Credit CardsPersonal Installment Lenders

AboutAtlanticus Holdings Corporation provides credit and related financial services and products to customers the United States. It operates in two segments, Credit as a Service, and Auto Finance. The Credit as a Service segment originates a range of consumer loan products, such as private label and general purpose credit cards originated by lenders through various channels, including retail and healthcare, direct mail solicitation, digital marketing, and partnerships with third parties; and offers credit to their customers for the purchase of various goods and services, including consumer electronics, furniture, elective medical procedures, healthcare, educational services, and home-improvements by partnering with retailers and service providers. In addition, it offers loan servicing, such as risk management and customer service outsourcing for third parties; and engages in testing and investment activities in consumer finance technology platforms. The Auto Finance segment purchases and/or services loans secured by automobiles from or for a pre-qualified network of independent automotive dealers and automotive finance companies in the buy-here, pay-here, and used car business. This segment also provides floor plan financing and installment lending products. Further, the company invests in and services portfolios of credit card receivables. Atlanticus Holdings Corporation was founded in 1996 and is headquartered in Atlanta, Georgia.Show more

Net Interest Income $820M +6.5%
Total Revenue $1.31B +13.5%
Net Income $111M +8.2%
Return on Equity 25.24% -11.9%
Net Interest Margin 25.06% -11.9%
Efficiency Ratio 11.01% +1.3%
ROA 3.72% -7.8%
Equity / Assets 14.96% +3.2%
Book Value per Share 26.03 +25.2%
Tangible BV/Share 26.03 +25.2%
Debt/Equity 5.12 -0.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 32.7%
✓Strong 5Y profit CAGR of 33.3%
✓Strong NIM of 25.1%
✓Efficient operations: 11.0% efficiency ratio
✓Well capitalized: 15.0% equity/assets
✓Healthy dividend yield of 2.3%

✗Weaknesses

✗High debt to equity ratio of 5.1x

Price & Volume

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Growth Metrics

Revenue CAGR

10Y22.35%

5Y23.62%

3Y20.58%

TTM-

Profit (Net Income) CAGR

10Y31.54%

5Y33.3%

3Y-14.47%

TTM11.36%

EPS CAGR

10Y25.05%

5Y23.5%

3Y-14.23%

TTM25.84%

ROCE

10Y Avg2.41%

5Y Avg8.47%

3Y Avg5.64%

Latest4.74%

Peer Comparison

Personal Installment Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ENVAEnova International, Inc.	3.9B	157.66	21.22	25.51%	7.88%	22.83%	38.36%	3.00
FOAFinance Of America Companies Inc.	192.23M	24.36	20.64	24.25%	0.79%	1.65%		90.98
OMFOneMain Holdings, Inc.	7.81B	66.37	15.65	7.98%	8.9%	20.87%	34.54%	6.72
ATLCAtlanticus Holdings Corporation	905.01M	59.77	12.53	13.46%	8.49%	20.24%	51.67%	5.12
RMRegional Management Corp.	372.97M	38.40	9.28	6.73%	7.01%	11.14%	70.75%	4.24
WRLDWorld Acceptance Corporation	719.24M	142.76	8.76	-1.46%	15.89%	15.61%	34.83%	1.20
MFINMedallion Financial Corp.	235.59M	10.12	6.66	14.65%	12.3%	8.96%	49.03%	0.66
OPRTOportun Financial Corporation	223.29M	5.06	-2.59	15.93%	-14.75%	7.97%	100%	7.98

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	51.59M	68.42M	87.01M	124.27M	210.49M	359.07M	464.66M	704.38M	769.78M	819.64M
NII Growth %	0.04%	0.33%	0.27%	0.43%	0.69%	0.71%	0.29%	0.52%	0.09%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	69.92M	88.62M	114.71M	161.17M	261.22M	410.62M	518.78M	786.24M	879.12M	979.81M
Interest Expense	18.33M	20.21M	27.7M	36.9M	50.73M	51.55M	54.13M	81.85M	109.34M	160.17M
Loan Loss Provision	-12.27M	31.63M	68.15M	100.89M	248.38M	142.72M	36.45M	1.25M	2.15M	16.37M
Non-Interest Income+	90.09M	38.46M	23.25M	67.04M	192.98M	152.79M	229.27M	260.68M	276.75M	331.63M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	160.01M	127.08M	137.96M	228.21M	454.2M	563.41M	748.06M	1.05B	1.16B	1.31B
Revenue Growth %	-0.08%	-0.21%	0.09%	0.65%	0.99%	0.24%	0.33%	0.4%	0.1%	0.13%
Non-Interest Expense	80.73M	36.43M	51.82M	50.95M	76.95M	83.16M	143.77M	142.04M	125.63M	144.46M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	3.54M	-12.36M	-47.25M	3.48M	31.76M	114.39M	219.57M	149.27M	128.56M	138.58M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	1.13%	-4.5%	-2.82%	1.07%	8.12%	2.6%	0.92%	-0.32%	-0.14%	0.08%
Pretax Income+	3.54M	-12.36M	-47.25M	3.48M	31.76M	114.39M	219.57M	149.27M	128.56M	138.58M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.83M	-6.01M	-6.38M	-4.13M	5.55M	20.47M	41.78M	14.66M	26.6M	28.47M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.71M	-6.33M	-40.78M	7.86M	26.44M	94.12M	177.9M	135.6M	102.84M	111.3M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.76%	-4.7%	-5.44%	1.19%	2.37%	2.56%	0.89%	-0.24%	-0.24%	0.08%
Net Income (Continuing)	1.71M	-6.34M	-40.87M	7.61M	26.21M	93.92M	177.79M	134.61M	101.95M	110.11M
EPS (Diluted)+	0.12	-0.45	-2.93	0.56	1.66	3.95	7.56	5.83	4.24	4.77
EPS Growth %	-0.76%	-4.75%	-5.51%	1.19%	1.96%	1.38%	0.91%	-0.23%	-0.27%	0.13%
EPS (Basic)	0.12	-0.46	-2.93	0.56	1.74	5.32	10.32	7.55	5.35	5.93
Diluted Shares Outstanding	13.96M	13.94M	13.94M	14M	15.27M	20.1M	20.9M	19.38M	18.88M	18.8M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	51.86M	76.56M	41.74M	61.09M	135.38M	178.1M	409.66M	384.98M	339.34M	375.42M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	178.78M	246.16M	309.32M	427.02M	727.92M	921.65M	1.41B	1.91B	2.27B	2.71B
Investments Growth %	0.02%	0.38%	0.26%	0.38%	0.7%	0.27%	0.53%	0.35%	0.19%	0.19%
Long-Term Investments	178.78M	246.16M	309.32M	427.02M	727.92M	921.65M	1.41B	1.91B	2.27B	2.71B
Accounts Receivables	0	1000K	1000K	1000K	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	10.35M	3.83M	3.23M	3.63M	16.83M	11.42M	11.35M	21.8M	22.75M	24.4M
Other Assets	20.55M	-222.84M	-275.91M	-343.76M	41.02M	80.86M	96.97M	48.21M	72.17M	156.29M
Total Current Assets	71.05M	335.4M	388.97M	495.72M	150.51M	193.28M	425.31M	412.4M	339.34M	375.42M
Total Non-Current Assets	209.68M	27.14M	36.65M	86.89M	785.76M	1.01B	1.52B	1.98B	2.37B	2.9B
Total Assets+	280.73M	362.55M	425.61M	582.61M	936.27M	1.21B	1.94B	2.39B	2.71B	3.27B
Asset Growth %	0.05%	0.29%	0.17%	0.37%	0.61%	0.29%	0.61%	0.23%	0.13%	0.21%
Return on Assets (ROA)	0.01%	-0.02%	-0.1%	0.02%	0.03%	0.09%	0.11%	0.06%	0.04%	0.04%
Accounts Payable	51.72M	86.77M	115.74M	105.77M	41.62M	41.73M	42.29M	44.33M	61.63M	72.09M
Total Debt+	195.75M	254.23M	336.87M	498.72M	799.48M	923.69M	1.43B	1.82B	2.03B	2.51B
Net Debt	143.9M	177.68M	295.13M	437.63M	664.1M	745.59M	1.02B	1.43B	1.69B	2.13B
Long-Term Debt	195.75M	254.23M	336.87M	498.72M	777.22M	909.91M	1.42B	1.8B	2.01B	2.48B
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	-29.42M	-71M	9.13M	252K	94.83M	165.28M	187.42M	200.64M	226.08M	204.07M
Total Current Liabilities	103.44M	173.54M	115.74M	105.77M	41.62M	41.73M	42.29M	44.33M	61.63M	72.09M
Total Non-Current Liabilities	166.33M	183.23M	346M	498.97M	894.31M	1.09B	1.61B	2.02B	2.25B	2.71B
Total Liabilities	269.78M	356.77M	461.74M	604.74M	935.93M	1.13B	1.66B	2.06B	2.31B	2.78B
Total Equity+	10.95M	5.78M	-36.13M	-22.13M	335K	76.51M	287.5M	325.04M	392.42M	489.36M
Equity Growth %	0.47%	-0.47%	-7.25%	0.39%	1.02%	227.39%	2.76%	0.13%	0.21%	0.25%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.19%	-0.76%	-	-	78.93%	2.45%	0.98%	0.44%	0.29%	0.25%
Book Value per Share	0.78	0.41	-2.59	-1.58	0.02	3.81	13.76	16.78	20.78	26.03
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	0	0	0	0	0	0	0	0	0	0
Additional Paid-in Capital	211.08M	211.65M	212.78M	213.44M	212.69M	194.95M	227.76M	122M	87.42M	98.28M
Retained Earnings	-199.52M	-205.86M	-246.64M	-238.78M	-211.79M	-117.67M	60.24M	204.41M	307.26M	394.63M
Accumulated OCI	-600K	0	-2.18M	3.56M	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	40M	40M	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	864K	39.02M	-26.47M	42.86M	99.96M	212.73M	212.37M	346.13M	459.32M	469.4M
Operating CF Growth %	1.04%	44.16%	-1.68%	2.62%	1.33%	1.13%	-0%	0.63%	0.33%	0.02%
Net Income	1.71M	-6.34M	-40.87M	7.61M	26.21M	93.92M	177.79M	134.61M	102.84M	111.3M
Depreciation & Amortization	40.56M	7.48M	1.02M	987K	7.69M	7.95M	2.49M	4.85M	4.04M	17.02M
Deferred Taxes	0	0	0	26.92M	130.42M	37M	-95.87M	20.98M	37.83M	30.49M
Other Non-Cash Items	-16.55M	9.73M	3.52M	-3.31M	-12.24M	98.86M	208.72M	421.21M	549.27M	577.39M
Working Capital Changes	-24.85M	28.15M	8.33M	9.32M	-53.83M	-26.34M	-84M	-239.69M	-238.44M	-270.69M
Cash from Investing+	14.54M	-75.84M	-80.32M	-134.52M	-433.69M	-292.57M	-475.02M	-680.78M	-672.2M	-747.03M
Purchase of Investments	-271.06M	-381.21M	-466.74M	-607.98M	-1.1B	-1.33B	-398K	-2.54B	0	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	998K	560K	1000K	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	607.98M	1.1B	1.33B	1.1M	708.18M	0	0
Other Investing	277.99M	300.17M	383.18M	-135.48M	-434.96M	-292.82M	-469.19M	-675.93M	-668.21M	-745.24M
Cash from Financing+	-3.57M	63.46M	84.64M	161.75M	368.72M	162.38M	510.33M	261.25M	163.34M	393.61M
Dividends Paid	0	0	0	0	0	-13.56M	-21.81M	-24.79M	-24.91M	-25.74M
Share Repurchases	-259K	-949K	-389K	-723K	-2.52M	-3.35M	-25.22M	-89.01M	-17.67M	-52.67M
Stock Issued	0	0	0	0	0	0	0	0	0	7.07M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Financing	-2K	4K	7K	50K	50.22M	51.33M	2.27M	4.28M	3.41M	889K
Net Change in Cash+	11.11M	25.02M	-21.98M	71.1M	34.64M	82.57M	247.67M	-73.44M	-49.54M	115.98M
Exchange Rate Effect	-721K	-1000K	165K	1000K	-354K	23K	-5K	-36K	2K	0
Cash at Beginning	39.92M	51.03M	92.64M	70.66M	141.75M	176.39M	258.96M	506.63M	433.19M	383.65M
Cash at End	51.03M	76.05M	70.66M	141.75M	176.39M	258.96M	506.63M	433.19M	383.65M	499.64M
Interest Paid	17.92M	19.48M	25.48M	33.47M	46.3M	46.53M	47.61M	75.36M	99.45M	145.67M
Income Taxes Paid	1.12M	437K	258K	4.75M	20K	327K	19.95M	4.25M	1.47M	229K
Free Cash Flow+	-20K	38.67M	-26.86M	41.47M	99.71M	211.99M	205.28M	341.28M	455.32M	467.62M
FCF Growth %	1%	1934.3%	-1.69%	2.54%	1.4%	1.13%	-0.03%	0.66%	0.33%	0.03%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	18.63%	-75.74%	-	-	7893.43%	244.96%	97.75%	44.27%	28.67%	25.24%
Return on Assets (ROA)	0.62%	-1.97%	-10.35%	1.56%	3.48%	8.78%	11.29%	6.26%	4.04%	3.72%
Net Interest Margin	18.38%	18.87%	20.44%	21.33%	22.48%	29.74%	23.9%	29.5%	28.44%	25.06%
Efficiency Ratio	50.45%	28.67%	37.56%	22.33%	16.94%	14.76%	19.22%	13.57%	10.87%	11.01%
Equity / Assets	3.9%	1.59%	-8.49%	-3.8%	0.04%	6.34%	14.79%	13.61%	14.5%	14.96%
Book Value / Share	0.78	0.41	-2.59	-1.58	0.02	3.81	13.76	16.78	20.78	26.03
NII Growth	3.96%	32.62%	27.18%	42.83%	69.38%	70.59%	29.41%	51.59%	9.28%	6.48%
Dividend Payout	-	-	-	-	-	-	-	-	-	23.13%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Merchant Fees	-	-	-	-	-	-	144.34M
Merchant Fees Growth	-	-	-	-	-	-	-
Other Revenue	-	-	-	-	-	-	60.37M
Other Revenue Growth	-	-	-	-	-	-	-
Credit and Debit Card	-	-	-	-	-	21.45M	-
Credit and Debit Card Growth	-	-	-	-	-	-	-
Service Charges and Other Customer Related Fees	-	-	-	-	-	11.81M	-
Service Charges and Other Customer Related Fees Growth	-	-	-	-	-	-	-
Credit and Other Investments	4.46M	12.76M	14.37M	29.32M	41.84M	-	-
Credit and Other Investments Growth	-	185.76%	12.64%	104.02%	42.70%	-	-
Auto Finance	1.09M	995K	1.06M	1.28M	955K	-	-
Auto Finance Growth	-	-8.80%	6.43%	21.25%	-25.62%	-	-

Frequently Asked Questions

Valuation & Price

Atlanticus Holdings Corporation (ATLC) has a price-to-earnings (P/E) ratio of 12.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Atlanticus Holdings Corporation (ATLC) grew revenue by 13.5% over the past year. This is steady growth.

Yes, Atlanticus Holdings Corporation (ATLC) is profitable, generating $118.4M in net income for fiscal year 2024 (8.5% net margin).

Dividend & Returns

Yes, Atlanticus Holdings Corporation (ATLC) pays a dividend with a yield of 2.29%. This makes it attractive for income-focused investors.

Atlanticus Holdings Corporation (ATLC) has a return on equity (ROE) of 25.2%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Atlanticus Holdings Corporation (ATLC) has a net interest margin (NIM) of 25.1%. This indicates healthy earnings from lending activities.

Atlanticus Holdings Corporation (ATLC) has an efficiency ratio of 11.0%. This is excellent, indicating strong cost control.

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