Atlanticus Holdings Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 08, 2022 at 04:24 pm EST
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Atlanticus Holdings Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was USD 32.57 million compared to USD 46.97 million a year ago. Basic earnings per share from continuing operations was USD 1.81 compared to USD 2.67 a year ago. Diluted earnings per share from continuing operations was USD 1.41 compared to USD 1.96 a year ago.
For the nine months, net income was USD 111.61 million compared to USD 127.93 million a year ago. Basic earnings per share from continuing operations was USD 6.32 compared to USD 7.41 a year ago. Diluted earnings per share from continuing operations was USD 4.85 compared to USD 5.43 a year ago.
Atlanticus Holdings Corporation is a financial technology company. It is engaged in providing products and services to lenders in the United States. The Companyâs Credit as a Service (CaaS) segment provides private label credit and general-purpose credit cards originated by lenders through multiple channels, including retail and healthcare, direct mail solicitation, digital marketing and partnerships with third parties. Its flexible technology solutions allow its bank partners to integrate its paperless process and instant decisioning platform with the existing infrastructure of participating retailers, healthcare providers and other service providers. Within its Auto Finance segment, its CAR subsidiary operations principally purchase and/or service loans secured by automobiles from or for, and also provide floor-plan financing for, a pre-qualified network of independent automotive dealers and automotive finance companies in the buy-here, pay-here used car business.