CUSTOMER LOANS (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Receivables [Abstract] |
|
| Schedule of Loans Held for Investment by Category |
The following table presents the Company's loans held for investment by category (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Consumer | | Commercial | | Other | | Total | | Amortized cost basis | $ | 3,583,035 | | | $ | 488,860 | | | $ | 258,677 | | | $ | 4,330,572 | | | Allowance for credit losses | (527,709) | | | (32,252) | | | (21,357) | | | (581,318) | | | Total loans held for investment, net of allowance | $ | 3,055,326 | | | $ | 456,608 | | | $ | 237,320 | | | $ | 3,749,254 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Consumer | | Commercial | | Other | | Total | | Amortized cost basis | $ | 3,182,624 | | | $ | 481,757 | | | $ | 101,437 | | | $ | 3,765,818 | | | Allowance for credit losses | (340,117) | | | (33,602) | | | (9,142) | | | (382,861) | | | Total loans held for investment, net of allowance | $ | 2,842,507 | | | $ | 448,155 | | | $ | 92,295 | | | $ | 3,382,957 | |
|
| Schedule of Aging Analysis of the Amortized Cost of Consumer Loans Held for Investment |
The following table presents an aging analysis of the amortized cost of consumer receivables by delinquency status (in thousands): | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | | | Non-delinquent loans | $ | 2,205,036 | | | $ | 2,416,017 | | | | | 1 - 60 days past due | 361,913 | | | 363,165 | | | | | 61 - 90 days past due | 30,604 | | | 29,984 | | | | > 90 days past due | 121,060 | | | 101,021 | | | | | Total amortized cost | $ | 2,718,613 | | | $ | 2,910,187 | | | |
The following table presents an aging analysis of the amortized cost of consumer loans held for investment by delinquency status (in thousands): | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | | | Non-delinquent loans | $ | 3,082,512 | | | $ | 2,810,925 | | | | 1 - 59 days past due | 355,382 | | | 293,088 | | | | 60 - 89 days past due | 139,771 | | | 78,606 | | | | | 90+ days past due | 5,370 | | | 5 | | | | | Total amortized cost | $ | 3,583,035 | | | $ | 3,182,624 | | | |
|
| Schedule of Activity in Allowance for Credit Losses for Consumer Receivables |
The following table summarizes activity in the allowance for credit losses for consumer receivables (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Allowance for credit losses, beginning of the period | $ | 236,688 | | | $ | 193,420 | | | $ | 239,865 | | | $ | 201,793 | | | Provision for credit losses | 91,051 | | | 88,100 | | | 167,603 | | | 143,750 | | | Charge-offs and other adjustments | (87,519) | | | (75,340) | | | (167,968) | | | (140,976) | | | Foreign exchange effect | 687 | | | 5,801 | | | 1,407 | | | 7,414 | | | Allowance for credit losses, end of the period | $ | 240,907 | | | $ | 211,981 | | | $ | 240,907 | | | $ | 211,981 | |
The following table presents the Company's loans held for investment allowance for credit losses by category (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, 2026 | | | Consumer | | Commercial | | Other | | Total | | | | Beginning balance of the allowance for credit losses | $ | 435,018 | | | $ | 32,062 | | | $ | 15,722 | | | $ | 482,802 | | | | | Current period provisions for expected credit losses | 400,800 | | | 11,481 | | | 8,007 | | | 420,288 | | | | | Write-offs charged against the allowance | (331,868) | | | (14,943) | | | (2,372) | | | (349,183) | | | | | Recoveries of amounts previously written off | 23,759 | | | 3,652 | | | — | | | 27,411 | | | | | Ending balance of the allowance for credit losses | $ | 527,709 | | | $ | 32,252 | | | $ | 21,357 | | | $ | 581,318 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended
June 30, 2026 | | | Consumer | | Commercial | | Other | | Total | | | | Beginning balance of the allowance for credit losses | $ | 340,117 | | | $ | 33,602 | | | $ | 9,142 | | | $ | 382,861 | | | | | Current period provisions for expected credit losses | 734,629 | | | 21,874 | | | 14,591 | | | 771,094 | | | | | Write-offs charged against the allowance | (595,774) | | | (29,354) | | | (2,376) | | | (627,504) | | | | | Recoveries of amounts previously written off | 48,737 | | | 6,130 | | | — | | | 54,867 | | | | | Ending balance of the allowance for credit losses | $ | 527,709 | | | $ | 32,252 | | | $ | 21,357 | | | $ | 581,318 | | | |
|
| Schedule of Loans Held for Sale by Category |
The following table presents the Company’s loans held for sale by category (in thousands): | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Commercial | $ | 676,750 | | | $ | 708,512 | | | Consumer | 15,145 | | | 40,735 | | | Other | 9,467 | | | 33,719 | | | Total | $ | 701,362 | | | $ | 782,966 | |
|