v3.26.1
Note 3 - Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Segment Reporting [Table Text Block]

Three Months Ended June 30, 2026

 

CaaS

  

Auto Finance

  

Total

 

Revenue and other income:

            

Consumer loans, including past due fees

 $535,507  $9,579  $545,086 

Fees and related income on earning assets

  150,548   330   150,878 

Other revenue

  48,147   203   48,350 

Total operating revenue and other income

  734,202   10,112   744,314 

Other non-operating income

  9      9 

Total revenue and other income

  734,211   10,112   744,323 

Interest expense

  (123,082)  (349)  (123,431)

Provision for credit losses

  (386)  (652)  (1,038)

Changes in fair value of loans

  (396,280)     (396,280)

Net margin

  214,463   9,111   223,574 

Operating expenses:

            

Salaries and benefits

  (25,978)  (1,272)  (27,250)

Card and loan servicing

  (54,408)  (3,455)  (57,863)

Marketing and solicitation

  (48,047)  (83)  (48,130)

Depreciation and amortization

  (3,573)  (19)  (3,592)

Other

  (19,477)  (1,255)  (20,732)

Total operating expenses

  (151,483)  (6,084)  (157,567)

Income before income taxes

 $62,980  $3,027  $66,007 

Six Months Ended June 30, 2026

 

CaaS

  

Auto Finance

  

Total

 

Revenue and other income:

            

Consumer loans, including past due fees

 $1,055,409  $19,122  $1,074,531 

Fees and related income on earning assets

  260,637   670   261,307 

Other revenue

  87,594   416   88,010 

Total operating revenue and other income

  1,403,640   20,208   1,423,848 

Other non-operating income

  64      64 

Total revenue and other income

  1,403,704   20,208   1,423,912 

Interest expense

  (245,475)  (717)  (246,192)

Provision for credit losses

  (1,196)  (1,442)  (2,638)

Changes in fair value of loans

  (761,804)     (761,804)

Net margin

  395,229   18,049   413,278 

Operating expenses:

            

Salaries and benefits

  (53,440)  (2,456)  (55,896)

Card and loan servicing

  (95,905)  (6,876)  (102,781)

Marketing and solicitation

  (84,504)  (99)  (84,603)

Depreciation and amortization

  (7,141)  (37)  (7,178)

Other

  (35,597)  (2,368)  (37,965)

Total operating expenses

  (276,587)  (11,836)  (288,423)

Income before income taxes

 $118,642  $6,213  $124,855 

Total assets

 $7,408,285  $83,485  $7,491,770 

Three Months Ended June 30, 2025

 

CaaS

  

Auto Finance

  

Total

 

Revenue and other income:

            

Consumer loans, including past due fees

 $267,204  $9,146  $276,350 

Fees and related income on earning assets

  94,262   23   94,285 

Other revenue

  23,012   173   23,185 

Total operating revenue and other income

  384,478   9,342   393,820 

Other non-operating income

  6   337   343 

Total revenue and other income

  384,484   9,679   394,163 

Interest expense

  (53,162)  (522)  (53,684)

Provision for credit losses

  (189)  (1,193)  (1,382)

Changes in fair value of loans

  (216,777)     (216,777)

Net margin

  114,356   7,964   122,320 

Operating expenses:

            

Salaries and benefits

  (12,133)  (1,248)  (13,381)

Card and loan servicing

  (30,764)  (3,321)  (34,085)

Marketing and solicitation

  (24,912)  (37)  (24,949)

Depreciation and amortization

  (866)  (19)  (885)

Other

  (7,685)  (1,189)  (8,874)

Total operating expenses

  (76,360)  (5,814)  (82,174)

Income (loss) before income taxes

 $37,996  $2,150  $40,146 

Six Months Ended June 30, 2025

 

CaaS

  

Auto Finance

  

Total

 

Revenue and other income:

            

Consumer loans, including past due fees

 $505,707  $18,298  $524,005 

Fees and related income on earning assets

  172,585   41   172,626 

Other revenue

  41,710   352   42,062 

Total operating revenue and other income

  720,002   18,691   738,693 

Other non-operating income

  13   623   636 

Total revenue and other income

  720,015   19,314   739,329 

Interest expense

  (100,146)  (1,068)  (101,214)

Provision for credit losses

  (214)  (2,236)  (2,450)

Changes in fair value of loans

  (395,122)     (395,122)

Net margin

  224,533   16,010   240,543 

Operating expenses:

            

Salaries and benefits

  (26,419)  (2,465)  (28,884)

Card and loan servicing

  (59,621)  (6,616)  (66,237)

Marketing and solicitation

  (45,239)  (44)  (45,283)

Depreciation and amortization

  (1,644)  (38)  (1,682)

Other

  (15,219)  (2,224)  (17,443)

Total operating expenses

  (148,142)  (11,387)  (159,529)

Income before income taxes

 $76,391  $4,623  $81,014 

Total assets

 $3,555,841  $87,334  $3,643,175