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Atlanticus Source : Atlanticus Holdings Corp November 12 , 2021 16:20 ET Atlanticus Reports Third Quarter 2021 Financial Results Net Income Attributable to Common Shareholders Increases to $ 40.3 Million , or $ 1.96 per Share ATLANTA , Nov. 12 , 2021 ( GLOBE NEWSWIRE ) -- Atlanticus Holdings Corporation ( NASDAQ : ATLC ) ( " Atlanticus , " " the Company ” , “ we , ” “ our ” or “ us ” ) , a financial technology company which enables its bank , retail and healthcare partners to offer more inclusive financial services to millions of everyday Americans , today announced its financial results for the third quarter ended September 30 , 2021 . Financial and Operating Highlights 2021 Third Quarter compared to 2020 Third Quarter • Total operating revenue increased 41.8 % to $ 203.9 million . • Purchase volume increased 55.7 % to $ 610.5 million . • The number of total customers we serve ( 1 ) increased 59.8 % to 2.6 million . Since the start of the third quarter 2021 , customers served increased by over 388,000 , or 17.7 % . • Managed receivables ( 2 ) associated with our Credit and Other Investments Segment increased 46.5 % to $ 1.4 billion , and 15.9 % over second quarter 2021 . • Net income attributable to common shareholders increased 18.4 % to $ 40.3 million , or $ 1.96 per diluted common share , an increase of 14.0 % . Adjusted net income ( 2 ) , which adjusts for the $ 16.2 million ( $ 13.2 million tax effected ) loss on repurchase and redemption of convertible senior notes , increased 57.1 % to $ 53.5 million , or $ 2.60 per diluted common share , an increase of 50.9 % . • On a trailing twelve months basis , net income attributable to common shareholders increased 137.1 % to $ 133.8 million , or $ 6.56 per diluted common share , an increase of 125.4 % . • On a trailing twelve months basis , adjusted net income , which adjusts for the $ 29.4 million ( $ 24.1 million tax effected ) loss on repurchase and redemption of convertible senior notes , increased 179.7 % to $ 157.8 million or $ 7.71 per diluted common share , an increase of 165.0 % . ( 1 ) In our calculation of total customers , we include all customers with account activity and customers who have open lines of credit at the end of the referenced period . ( 2 ) Managed receivables and Adjusted net income are non - GAAP financial measures . See “ Non - GAAP Financial Measures " for important additional information . Management Commentary Jeff Howard , President and Chief Executive Officer , stated , " Atlanticus continued to deliver excellent results , reporting significant growth across our two main operating lines , general purpose credit card and point - of - sale finance solutions . Our growth is a direct result of the success we are having enabling our bank , retail , and healthcare partners to empower better financial outcomes for millions of everyday Americans . The strength of these partnerships and our ability to rely on data aggregated through multiple economic cycles , allowed us to continue to responsibly support our partners and their customers throughout the pandemic . This led to significant growth in customers served , managed assets , revenues and profits for the quarter . In addition , we have seen our asset quality continue to improve , with lower charge - off rates compared with both the prior year and prior quarter periods . We are equally excited about the opportunities that lie ahead as we continue to strive to enable expanded access to credit for those overlooked by other financial institutions . ” 2021 Third Quarter Financial Results Income Increases Percentage Increases