Welcome to our dedicated page for Regional Mgmt news (Ticker: RM), a resource for investors and traders seeking the latest updates and insights on Regional Mgmt stock.
Regional Management Corp (NYSE: RM) provides essential consumer finance solutions through installment loans and credit services. This news hub offers investors and stakeholders timely updates on corporate developments, financial performance, and industry positioning.
Key resources include quarterly earnings announcements, SEC filings analysis, leadership updates, and strategic initiative reports. Track regulatory developments affecting consumer lending practices and RM's responses to market trends in credit accessibility.
Featured content categories encompass loan portfolio updates, risk management strategies, and service expansion announcements. Discover how RM maintains its market position through customer-centric lending practices and operational efficiency improvements.
Bookmark this page for consolidated access to verified RM updates. Combine regular monitoring with SEC.gov filings for comprehensive investment research. Always consult multiple sources when making financial decisions.
Regional Management Corp. (NYSE: RM) will report its first quarter 2023 results on May 3, 2023, after market close. A conference call to discuss the results will follow at 5:00 PM ET, accessible via dial-in at (855) 327-6837 (toll-free) or (631) 891-4304 (international). Interested parties can also tune in to a live webcast on Regional Management’s website. A replay of the call will be available for one year. Regional Management offers consumer finance solutions, primarily targeting customers with limited access to traditional credit, through its online and branch operations in 19 states in the U.S.
Regional Management Corp. (NYSE: RM) has announced the commencement of lending operations in Arizona, marking its entry into the 19th U.S. state. The company plans to open its first branch in Arizona during Q2 2023. President Robert W. Beck emphasized the excitement of offering affordable financial solutions and highlighted the company's strategy of measured expansion for sustainable growth. Regional Management specializes in providing installment loans to customers with limited access to traditional credit sources, operating under the name 'Regional Finance.'
Regional Management Corp. (NYSE: RM) reported strong fourth-quarter results for 2022, achieving a net income of $2.4 million, or $0.25 diluted EPS. Adjusted net income rose to $5.0 million, yielding an adjusted diluted EPS of $0.54. The company’s finance receivables grew to $1.7 billion, up 19.2% year-over-year. Despite a 30+ day delinquency rate of 7.1%, early indicators show improved credit performance. Notably, the company sold a non-performing loan portfolio, negatively impacting revenue by $2.2 million. The Board declared a $0.30 dividend, payable on March 15, 2023. Looking forward, RM aims for controlled growth focusing on quality originations.
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