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Atlanticus Source : Atlanticus Holdings Corp May 17 , 2021 07:00 ET Atlanticus Reports First Quarter 2021 Financial Results Net Income Attributable to Common Shareholders Grows to $ 39.4 Million , $ 2.62 Per Share ATLANTA , May 17 , 2021 ( GLOBE NEWSWIRE ) -- Atlanticus Holdings Corporation ( NASDAQ : ATLC ) ( " Atlanticus , " " the Company ” , “ we , ” “ our ” or “ us ” ) , a technology - enabled financial services company that assists financial institutions in offering credit to millions of everyday Americans , today announced its financial results for the quarter ended March 31 , 2021 . Financial and Operating Highlights ( all comparisons to the prior year period ) 2021 First Quarter Highlights compared to 2020 First Quarter • Net income attributable to common shareholders increased to $ 39.4 million , or $ 2.62 per basic common share , compared to $ 2.7 million , or $ 0.18 per basic common share • Net income to common shareholders increased to $ 1.91 per diluted common share , compared to $ 0.17 per diluted common share • Net income attributable to common shareholders on a trailing twelve months basis increased to $ 7.76 per basic common share from $ 1.52 per basic common share . • Managed receivables , ( 1 ) associated with our Credit and Other Investments Segment , increased 19.0 % to $ 1.1 billion as of March 31 , 2021 • Total operating revenue increased 2.4 % to $ 143.9 million • Combined net charge - off ratio , annualized ( 1 ) associated with our Credit and Other Investments Segment , improved to 13.6 % from 29.0 % • The number of total customers we serve at March 31 , 2021 increased 31.7 % to 1.9 million ( 2 ) ( 1 ) Managed receivables and combined net charge - off ratio , annualized are non - GAAP financial measures . See " Non - GAAP Financial Measures " for important additional information . ( 2 ) In our calculation of total customers , we include all customers with account activity or customers who have open lines of credit at the end of the referenced period . Management Commentary Jeff Howard , President and Chief Executive Officer , stated , " Our results for the first quarter of 2021 demonstrated our ongoing success in enabling our bank partner , through our technology platform , to empower better financial outcomes for everyday Americans . Our technology allows our bank partner to extend credit across multiple asset classes and marketing channels . This flexibility , and leveraging our almost 25 years of data aggregation , allowed us to increase customers served by 31.7 % and grow point - of - sale and direct - to - consumer receivables by 19.0 % despite high payment rates resulting from federal stimulus . With our proven approach to analytics , our omnichannel origination capabilities across point - of - sale and general - purpose asset classes , and extremely low level of delinquencies , we believe we are in an excellent position to continue benefiting from the economic recovery throughout 2021. " Quarterly Highlights ( In Thousands ) For the Income Increases Quarter Ended March 31 , ( Decreases ) 2021 2020 Total operating revenue $ 143,895 $ 140,518 Other non - operating revenue 840 ( 10 ) From 2020 to 2021 3,377 830