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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenue:    
Consumer loans, including past due fees $ 518,783 $ 410,616
Fees and related income on earning assets 194,466 133,960
Other revenue 30,606 15,431
Total operating revenue, net 743,855 560,007
Other non-operating revenue 4,201 3,403
Total revenue 748,056 563,410
Interest expense (54,127) (51,548)
Provision for losses on loans, interest and fees receivable recorded at net realizable value (36,455) (142,719)
Changes in fair value of loans, interest and fees receivable and notes payable associated with structured financings recorded at fair value (218,733) (108,548)
Net margin 438,741 260,595
Operating expense:    
Salaries and benefits 34,024 29,079
Card and loan servicing 75,397 63,047
Marketing and solicitation 56,635 35,012
Depreciation 1,493 1,247
Other 22,180 17,819
Total operating expense 189,729 146,204
Loss on repurchase and redemption of convertible senior notes 29,439 0
Income before income taxes 219,573 114,391
Income tax expense (41,784) (20,474)
Net income 177,789 93,917
Net loss attributable to noncontrolling interests 113 203
Net income attributable to controlling interests 177,902 94,120
Preferred dividends and discount accretion (22,363) (17,070)
Net income attributable to common shareholders $ 155,539 $ 77,050
Net income attributable to common shareholders per common share—basic (in dollars per share) $ 10.32 $ 5.32
Net income attributable to common shareholders per common share—diluted (in dollars per share) $ 7.56 $ 3.95