Atlanticus Holdings Corporation reported record second-quarter results, with total operating revenue and other income rising 89% year over year to $744.3 million, driven by the Mercury acquisition and expansion of legacy portfolios. Net income attributable to common shareholders increased 67% to $47.4 million, or $2.50 per diluted share, while return on average equity reached 28.1%, exceeding the company's long-term target of 20%. Total managed receivables grew 126% year over year to $6.9 billion, and the company added a record 790,000 new customers during the quarter. Management noted that the Mercury integration is ahead of plan, with full technology and operational integration expected by mid-Q1 2027, and the company achieved its first AAA asset-backed securities bond ratings.
Atlanticus Holdings CorporationRecord revenue and net income driven by Mercury acquisition and portfolio expansion.
