Regional Mgmt Corp Stock Price, News & Analysis

Regional Management Corp. (NYSE: RM) has successfully completed its 12th asset-backed securitization worth $265 million. The Regional Management Issuance Trust 2025-1 (RMIT 2025-1) notes were issued at a 5.30% weighted-average coupon, representing a 5 bp improvement over the previous issuance. The notes are secured by $298 million of receivables with a 2-year revolving period.

The Class A notes received a 'AAA' rating from Standard & Poor's and Morningstar DBRS. The company utilized the proceeds to pay down variable rate debt facilities and fully pay off notes from its RMIT 2020-1 securitization. Following this transaction, Regional Management's fixed-rate debt comprises approximately 91% of total debt, with a 4.4% weighted-average coupon and a 1.3-year weighted-average revolving duration.

Regional Management Corp. (NYSE: RM), a diversified consumer finance company, has scheduled its first quarter 2025 financial results announcement for Wednesday, April 30, 2025, after market close. The company will host a conference call at 5:00 PM ET the same day to discuss the results.

Interested parties can access the conference call via telephone using the toll-free number (877) 407-0752 or international number (201) 389-0912. A live webcast will be available on the company's website at www.RegionalManagement.com, where a replay will remain accessible for one year following the call.

Regional Management Corp (NYSE: RM) has appointed Julie Booth to its Board of Directors, expanding the board from eight to nine members. Booth, who will serve on the Board's Audit Committee, most recently held the position of Chief Financial Officer and Treasurer at Rocket Companies (NYSE: RKT).

During her two-decade tenure at Rocket, Booth served 14 years as CFO and successfully led the company through its IPO in 2020. Her previous roles include VP of Finance and Director of Internal Audit at Rocket, and 13 years in Ernst & Young's audit group. She currently serves as interim CFO of a Michigan-based pharmaceutical startup and has held board positions in non-profit organizations, including Board Chair for Make-A-Wish Michigan.

Regional Management Corp. (NYSE: RM) reported strong Q4 2024 results with net income of $9.9 million and diluted earnings per share of $0.98. The company achieved record quarterly revenue of $155 million, up 9.3% year-over-year, driven by portfolio growth and improved pricing.

Net finance receivables reached a record $1.9 billion, increasing 6.8% from the prior year. The company demonstrated improved credit performance with a net credit loss rate of 10.8%, showing a 430 basis point improvement year-over-year. Operating efficiency improved with an expense ratio of 14.0%, an 80 basis point improvement from the prior year.

Looking ahead to 2025, the company expects to accelerate growth with a minimum 10% portfolio growth target and projects meaningful improvement in net income results, supported by stable macroeconomic conditions and disciplined portfolio management.

Regional Management Corp (NYSE: RM) has announced it will release its fourth quarter 2024 financial results after market close on Wednesday, February 5, 2025. The diversified consumer finance company will host a conference call to discuss the results at 5:00 PM ET on the same day.

Investors can access the conference call via toll-free number (877) 407-0752 or international number (201) 389-0912, and are advised to dial in 10 minutes before the scheduled start time. A live webcast will be available on the company's website, with a replay accessible for one year following the call.

Regional Management Corp. (NYSE: RM) has announced a $30 million stock repurchase program through December 2026 and outlined its growth outlook for 2025. The company expects 10-12% growth in ending net receivables for 2025, up from approximately 6% in 2024. Since 2020, RM has expanded into eight new states, increasing its addressable market by over 80%. The company plans to open 10 new branches in Q4 2024/Q1 2025, with up to 10 additional branches in H2 2025. Growth strategy focuses on auto-secured and higher-margin small loan portfolios, leveraging improved consumer health and stronger macroeconomic conditions.

Regional Management Corp (NYSE: RM) has completed its 11th asset-backed securitization worth $250 million. The RMIT 2024-2 notes were issued at a weighted-average coupon of 5.34%, representing an 85 bps improvement over the previous issuance. The securitization is secured by $284 million in receivables with a 2-year revolving period. The Class A notes received 'AAA' ratings from S&P and Morningstar DBRS. The proceeds were used to pay off RMIT 2022-2B notes with a 7.51% coupon. The deal was 5.4 times oversubscribed, with the company's fixed-rate debt now representing 83% of total debt, carrying a 4.1% weighted-average coupon.

Regional Management Corp. (NYSE: RM) reported third quarter 2024 results with net income of $7.7 million and diluted earnings per share of $0.76, impacted by $4.3 million due to hurricane events. The company achieved record revenue of $146.3 million and net finance receivables of $1.8 billion, driven by $46 million sequential portfolio growth. Credit performance improved with a net credit loss rate of 10.6% and 30+ day delinquency rate of 6.9%, both showing 40 basis points improvement year-over-year. Operating expenses increased only 0.6% with an improved ratio of 13.9%. The Board declared a dividend of $0.30 per share for Q4 2024.

Regional Management Corp. (NYSE: RM), a diversified consumer finance company, has announced it will release its third quarter 2024 financial results after market close on Wednesday, November 6, 2024. The company will host a conference call to discuss the results at 5:00 PM ET on the same day.

Interested parties can access the live webcast of the conference call on Regional Management's website at www.RegionalManagement.com. For those who prefer to dial in, the toll-free number is (844) 826-3035, while the international number is (412) 317-5195. Participants are advised to dial in 10 minutes before the scheduled start time. A replay of the webcast will be available on the company's website for one year following the call.