Firstcash Holdings Inc
NASDAQ:FCFS

Watchlist Manager
Firstcash Holdings Inc Logo
Firstcash Holdings Inc
NASDAQ:FCFS
Watchlist
Price: 103.45 USD 0.19% Market Closed
Market Cap: 4.6B USD
Have any thoughts about
Firstcash Holdings Inc?
Write Note

Firstcash Holdings Inc
Investor Relations

FirstCash Holdings Inc. emerged as a formidable player in the financial services sector by specializing in pawn loans and related retail operations. Their journey began with a simple yet effective business model: extending short-term collateral-based loans, primarily to consumers underserved by traditional banking institutions. The essence of pawn transactions is straightforward: customers bring in personal items such as jewelry, electronics, or tools to secure a loan based on the perceived value of those items. Unlike typical lenders, FirstCash doesn't scrutinize credit scores; instead, they focus on the asset's worth. If the borrower repays the loan, their item is returned; if not, FirstCash can resell the item through their extensive retail network, ensuring that they maintain liquidity and revenue streams.

This dual approach—lending and retail—creates a unique dynamic for FirstCash. Their stores, scattered across diverse markets in the United States and Latin America, serve as neighborhood hubs where financial needs meet consumer goods demand. When an item remains unsold, it's not just held as dormant inventory; it's positioned for resale at a competitive price, often attracting bargain hunters. This model not only diversifies their revenue channels but also offers a hedge against economic shifts. By operating in markets where access to traditional credit is often limited, FirstCash capitalizes on the growing need for flexible, accessible financial solutions. Their ability to adapt to regulatory changes and economic landscapes underscores a resilient, profit-driven approach that keeps them at the forefront of their industry.

Show more

Earnings Calls

No Earnings Calls Available

Management

Mr. Rick L. Wessel
Vice Chairman & CEO
No Bio Available
Mr. R. Douglas Orr
Executive VP, CFO, Treasurer & Secretary
No Bio Available
Mr. Howard F Hambleton
AFF President
No Bio Available
Mr. Gar Jackson
Investor Relations-Global IR Group
No Bio Available
Mr. Peter H. Watson J.D.
Senior Vice President of Compliance & Government Relations
No Bio Available
Mr. Sean D. Moore
Senior Vice President of Store Development & Facilities
No Bio Available

Contacts

Address
TEXAS
Fort Worth
1600 West 7Th Street
Contacts
+18172582650.0
firstcash.com