Web page twelve is the reminder of our own good capital profile. The fourth-one-fourth funded loans-to-equity ratio stayed at the an old-fashioned step 3.9:step one. At the time of December 30, we had $557 mil regarding bare strength towards the our credit business and you will $210 billion from offered liquidity, consisting of open-ended bucks and immediate access to draw off our borrowing from the bank business.
Our very own fixed speed obligations given that a share of overall personal debt is 78% having a great weighted average voucher regarding 2.7% and you may the average revolving duration of step three.1 decades. All of our productive tax speed inside 4th quarter are 18% as compared to 23% regarding earlier 12 months months, mostly because of taxation advantages from express-founded honours. On the first quarter, i anticipate a income tax rates of around twenty-five%, excluding distinct circumstances like tax affects on the guarantee compensation. From inside the last quarter, i repurchased nearly 200,100 offers of our own prominent inventory in the good weighted mediocre rate of $ for every single express significantly less than our very own $50 million inventory repurchase system.
I accomplished the fresh new inventory repurchase system in , with repurchased as a whole 945,089 offers in the a weighted average price of $ each display. Just like the Rob detailed prior payday lenders in Sunnyvale California to, the board away from directors features announced a dividend out-of $0.29 for every common express on the first quarter out-of 2022, an effective 20% raise along the prior quarter’s dividend. Brand new bonus would-be paid down on the , in order to shareholders out-of listing since the brand new personal out-of team to the . Concurrently, as the Rob stated before, our company is plus pleased to mention which our panel off directors has licensed an alternate $20 million stock repurchase program.
We have been happy with the a fantastic performance year round, and now we are still happy with your solid harmony sheet and you will our near- and long-identity candidates to own development. One to ends my commentary. I will today change the call straight back off to Deprive.
Thanks, Harp. As always, I want to know the difficult work and you may outstanding results from our skilled Local party. The brand new success of our own much time-term proper effort is obvious. I dependent an increase team having a centered omnichannel approach and you can confirmed uniform performance.
Our opportunities regarding the pandemic into the tech, the newest digital feel and you can borrowing underwriting features switched the firm and passionate big high quality growth in buyers accounts, all of our loan portfolio and top and you will base contours
Searching to come, we will continue steadily to purchase our very own future, and additionally when you look at the geographical expansion and the development of electronic opportunities to the level having any fintech financial. This type of assets and you may our very own secret strategic effort commonly position me to sustainably grow our very own organization, grow all of our business and build extra value for our investors. Many thanks again for your some time desire.
Inquiries & Answers:
Good mid-day. Thank you for bringing my personal inquiries. Well done, Deprive and Harp. Short earliest question is merely we have been listening a special heap out-of earnings calls and — could you males listen to myself?
Ok, a beneficial. I simply — it went blank to my top. And simply — it form of appears like what — the brand new narrative regarding just what we have been hearing is that the all the way down stop, subprime people, there was for instance the bifurcation between that and, call it, more the fresh close perfect, subprime user maybe taking squeezed from the rising prices or something — otherwise things of this, and so you will be enjoying additional credit and losings designs. And you may I’m only curious for folks who men is also — since you have a few additional profiles who does possess some away from those properties, if you’re able to chat if you have viewed any bifurcation of your trends over the past couple weeks.
Sure. Higher matter, John. Sure, exactly what we are viewing is strictly that. After all, about more than thirty six% portfolio, delinquencies increased 2 hundred basis issues, whereas about sandwich-36% portfolio, and that, in addition, was 83% of our book, just improved 20 base situations.