Regional Mgmt Corp Stock Price, News & Analysis

Polished.com Inc. has appointed Rick Bunka as interim CEO and Bob Barry as interim CFO, effective immediately. This leadership change follows the resignations of Albert Fouerti, Maria Johnson, and Elie Fouerti. The Board believes Bunka's extensive retail experience and Barry's finance expertise will strengthen the company’s operations. Polished has a track record of profitable growth in the household appliances market, valued at $22 billion, and aims to sustain momentum during this transitional phase.

Regional Management Corp. (NYSE: RM) announced its third quarter 2022 results will be released after market close on November 1, 2022. A conference call to discuss the results is scheduled for 5:00 PM ET that day, with a live webcast available on the company’s website. Interested parties can join the call by dialing (855) 327-6837 for toll-free or (631) 891-4304 for international access, 10 minutes before the start time. A replay will be accessible on the website for one year.

Regional Management provides consumer finance solutions across 17 states in the U.S., offering secured installment loans to clients with limited credit access.

Regional Management Corp. (NYSE: RM) has expanded its operations by opening a new branch in Metairie, Louisiana, now serving 17 U.S. states. This expansion increases the company’s total addressable market by approximately 75% since the pandemic began. CEO Robert W. Beck highlighted the company's commitment to providing affordable financial solutions to consumers in Louisiana, positioning for continued growth and long-term shareholder value.

Regional Management Corp. (NYSE: RM) reported strong second-quarter results for 2022, featuring a net income of $12 million and diluted EPS of $1.24. The firm achieved a record revenue of $122.9 million, marking a 23.3% year-over-year growth, alongside an all-time high in net finance receivables of $1.53 billion, up 28.9%. Despite rising credit losses and delinquencies, the company maintained a low operating expense ratio of 14.7%, indicating effective cost management. The company announced a dividend of $0.30 per share for Q3 2022, reinforcing its commitment to returning value to shareholders.

Regional Management Corp. (NYSE: RM) announced the opening of its first branch in Riverside, California, marking its expansion into the state. This is the 16th U.S. state for the company, enhancing its coast-to-coast presence and increasing its market reach by approximately 33%. CEO Robert W. Beck highlighted that the expansion aligns with their strategy to capture market share and provide affordable financial solutions. Regional Management operates under the name 'Regional Finance' and offers installment loan products primarily to consumers with limited access to credit.

Regional Management Corp. (NYSE: RM) will report its second quarter 2022 results on August 3, 2022, after market close. A conference call will be held at 5:00 PM ET the same day to discuss the results, with a live webcast available on the company's website. Participants can join the call using the toll-free number (855) 327-6837 or (631) 891-4304 for international calls, dialing in 10 minutes prior. A replay of the call will be accessible for one year on the website, providing insights into their consumer finance operations across 15 states.

Regional Management Corp. (NYSE: RM) has expanded its operations into Indiana, marking the opening of its first branch in Merrillville. This development represents the company's 15th U.S. state of operation, enhancing its footprint in the Midwest. The CEO, Robert W. Beck, emphasized the importance of providing accessible financial solutions to Indiana residents, contributing to the company's growth strategy. The expansion aims to increase market share and deliver long-term value to shareholders through its omni-channel operating model.

Regional Management Corp. (NYSE: RM) announced it raised over $100,000 for the American Heart Association during the Upstate Heart Walk on April 24. As the presenting sponsor, the company has led fundraising efforts for three consecutive years, totaling over $250,000 in donations. Approximately 400 walkers from 300+ branches participated, highlighting the company’s commitment to community wellness. Additionally, employees engaged in heart-healthy activities through the Wellness Weeks Challenge to promote health awareness.

Regional Management Corp. (NYSE: RM) reported record first-quarter results for 2022, with a net income of $26.8 million and diluted earnings per share (EPS) of $2.67, marking increases of 4.9% and 15.6% year-over-year. Net finance receivables grew by 30.8% to an all-time high of $1.4 billion. Revenue surged 23.7% to $120.8 million, supported by strong loan demand. However, the provision for credit losses rose 171.6% to $30.9 million. The company expanded operations into Mississippi and announced a $0.30 dividend for Q2 2022.