GlobeNewswire·Nov 5, 2026, 4:21 PM ET

Atlanticus Reports Third Quarter 2026 Financial Results

ATLC

Atlanticus Holdings Corporation reported third quarter 2026 net income attributable to common shareholders of $93.0 million, a 310.4% increase from the prior year period.
Adjusted net income attributable to common shareholders was $57.0 million, or $3.00 per diluted share.
Total operating revenue & other income rose 60.1% to $775.9 million, driven primarily by the Mercury acquisition & growth in new customers.
Managed receivables increased 8.0% to $7.1 billion, with total accounts served reaching 6.7 million.
Purchase volume grew 48.5% to $1,770.7 million during the quarter.
Return on average equity was 49.2%, while adjusted return on average equity was 30.1%.
Interest expense increased 57.3% to $118.0 million due to higher debt levels & borrowing costs associated with the Mercury acquisition.
Changes in fair value of loans resulted in a $418.3 million loss, largely driven by charge-offs on a larger receivable base.
Total operating expenses increased 57.7% to $161.9 million, primarily due to the Mercury integration & higher marketing & compensation costs.
The company sold its Auto Finance business for approximately $71.2 million, recognizing a $20.1 million pre-tax gain included in discontinued operations.
A $27.5 million gain was recorded from the sale of the MERCURY word mark, while retaining rights to the underlying consumer credit card receivables.
Outstanding notes payable increased to $5,747.1 million as of September 30, 2026, supporting growth in receivables & debt financing activities.
Management expects continued growth in general purpose credit card receivables & period-over-period increases in interest & operating expenses throughout 2026.

Company: Atlanticus Holdings Corp
Keywords: Nasdaq:ATLC, Atlanticus Holdings Corp