Atlanticus Holdings Corporation released its financial results for the fourth quarter and full year ended December 31, 2024, on March 13, 2025. For Q4 2024, total operating revenue and other income increased by 14.4% to $353.2 million compared to Q4 2023. Net income attributable to common shareholders grew by 31.7% to $26.3 million, with diluted earnings per share of $1.42.
Managed receivables increased by 13.0% to $2.7 billion, reflecting $313.5 million in net receivables growth from December 31, 2023. Total accounts served reached 3.7 million, an increase of 4.1%. Over the last five years, managed receivables have grown at a compounded annual rate of 24%, revenue by 31%, and earnings by 29%, while maintaining a return on common equity capital over 20%.
Interest expense for Q4 2024 was $44.7 million, up from $32.6 million in Q4 2023, driven by increased outstanding debt and higher borrowing costs. Outstanding notes payable stood at $2,157.8 million as of December 31, 2024. The company repurchased 925 shares of common stock for $0.03 million during the quarter.
For 2025, Atlanticus anticipates continued net period-over-period growth in total interest income and related fees. The company expects further increases in salaries and benefits due to investments in technology, risk underwriting, and compliance. Increased marketing and servicing costs are also projected, partially offset by efficiency gains from economies of scale and automation.
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