Regional Management Corp
NYSE:RM
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Regional Management Corp
Regional Management Corp. engages in the provision of consumer financial services. The company is headquartered in Greer, South Carolina and currently employs 1,691 full-time employees. The company went IPO on 2012-03-28. The firm provides instalment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. Its products include small, large, and retail instalment loans. The company offers small instalment loans with cash proceeds to customers ranging from $500 to $2,500, with terms of up to 48 months. The company offers large instalment loans with cash proceeds to customers ranging from $2,501 to $25,000, with terms between 18 and 60 months. The company offers indirect retail instalment loans of up to $7,500, with terms between six and 48 months, which are secured by the purchased items. The company offers its customers optional payment and collateral protection insurance relating to various of its loan products, including credit life insurance, accident and health insurance, involuntary unemployment insurance, and personal property insurance. The company operates under the name Regional Finance.
Regional Management Corp. engages in the provision of consumer financial services. The company is headquartered in Greer, South Carolina and currently employs 1,691 full-time employees. The company went IPO on 2012-03-28. The firm provides instalment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. Its products include small, large, and retail instalment loans. The company offers small instalment loans with cash proceeds to customers ranging from $500 to $2,500, with terms of up to 48 months. The company offers large instalment loans with cash proceeds to customers ranging from $2,501 to $25,000, with terms between 18 and 60 months. The company offers indirect retail instalment loans of up to $7,500, with terms between six and 48 months, which are secured by the purchased items. The company offers its customers optional payment and collateral protection insurance relating to various of its loan products, including credit life insurance, accident and health insurance, involuntary unemployment insurance, and personal property insurance. The company operates under the name Regional Finance.
Record Results: Regional Management delivered record third quarter revenue of $165 million, net income of $14.4 million, and diluted EPS of $1.42—an 87% year-over-year improvement.
Portfolio Growth: The company’s loan portfolio surpassed $2 billion for the first time, growing $93 million sequentially and $233 million year-over-year.
Credit Quality: Credit performance remained strong, with net credit loss rates and delinquency rates both improving compared to last year.
Expense Efficiency: Operating expense ratio reached an all-time low of 12.8%, improving by 110 basis points year-over-year.
Guidance Update: Full-year 2025 net income is now forecast at $43.5 million, the midpoint of prior guidance; fourth quarter net income is projected around $12 million.
Shareholder Returns: Share repurchase program was doubled to $60 million, with $36 million still available, and $26 million was returned to shareholders year-to-date.
Leadership Change: CEO Rob Beck announced his retirement, to be succeeded by Lakhbir Lamba, a leader with nearly 30 years in consumer lending.
