Regional Mgmt Corp Stock Price, News & Analysis

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.

Regional Management Corp. (NYSE: RM) will report its fourth quarter 2022 results on February 8, 2023, after market close. A conference call is scheduled for 5:00 PM ET the same day, with a live webcast available on the company's website. The call can be accessed via dial-in at (855) 327-6837 for U.S. participants and (631) 891-4304 for international callers. A replay of the webcast will be available for one year. Regional Management provides consumer finance products primarily to customers with limited access to credit in 18 U.S. states.

Regional Management Corp. (NYSE: RM) has announced the commencement of lending operations in Idaho, marking its expansion into the Pacific Northwest and its 18th U.S. state. The company plans to open its first branch in Idaho in Q1 2023, aiming to provide affordable financial solutions to customers with limited access to credit. CEO Robert W. Beck emphasized that this expansion aligns with their strategy to capture more market share and deliver sustainable value to shareholders.

Regional Management Corp. (NYSE: RM) reported a net income of $10.1 million and diluted earnings per share of $1.06 for Q3 2022, marking decreases of 54.7% and 49.8% year-over-year. Despite these declines, the company achieved 22.3% growth in net finance receivables, reaching an all-time high of $1.61 billion, and 17.9% revenue growth to $131.5 million. Delinquencies rose to 7.2%, but proactive measures and strong demand for loan products helped maintain credit quality. The company also expanded into California and Louisiana, indicating ongoing growth.