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) is a diversified consumer finance company that focuses on installment lending to customers with limited access to traditional bank and credit card credit. Operating under the "Regional Finance" brand in 19 U.S. states, the company offers secured, fixed-rate, fixed-term installment loans, including large loans, small loans, and auto-secured products. Its news flow provides insight into how this branch-based and multi-channel lender manages growth, credit performance, and funding.
On this page, readers can follow RM news related to quarterly earnings, portfolio trends, and capital allocation decisions. The company regularly issues press releases on its financial results, highlighting metrics such as net income, net finance receivables, originations, delinquency rates, and net credit loss rates. These earnings updates often discuss the impact of its barbell strategy, which balances growth in higher-quality auto-secured loans with higher-margin small loans, as well as developments in new branches and geographic expansion.
Regional Management’s news also covers funding and capital markets activity, including asset-backed securitizations through the Regional Management Issuance Trust platform and changes to its senior revolving credit facility and warehouse credit agreements. Additional items include announcements of stock repurchase authorizations, quarterly cash dividends, and regulatory or risk management milestones.
Investors and analysts tracking RM can use this news feed to monitor leadership changes, such as the appointment of a new President and Chief Executive Officer, and to review updates on executive compensation plans and governance matters disclosed via press releases and Form 8-K filings. Bookmark this page to access an organized stream of Regional Management Corp. news, from earnings calls and securitizations to branch expansion and capital management actions.
Regional Management Corp. (NYSE: RM) has successfully closed a $125 million private asset-backed securitization with a large institutional investor, featuring a fixed coupon rate of 3.875%. This transaction enhances the company’s capital structure by providing fixed-rate funding for five years, allowing for the reduction of variable-rate debt. With 87% of its long-term debt now fixed rate and a weighted average cost of 2.7%, the company is poised for sustainable growth and increased returns for shareholders.
Regional Management Corp. (NYSE: RM) will report its third quarter 2021 results on November 2, 2021, 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 toll-free dial-in for the call is (855) 327-6837. A replay will be accessible for one year.
Regional Management, operating over 360 branches in 13 states, specializes in consumer finance through installment loans for customers with limited access to traditional credit sources.
Regional Management Corp. (NYSE: RM) has expanded its operations by opening a new branch in Provo, Utah, marking the company's entry into its 13th U.S. state. CEO Robert W. Beck expressed enthusiasm about providing affordable financial solutions to consumers in Utah and indicated plans for an additional branch in Salt Lake City later this year. The company aims to enter five to seven more states by the end of 2022 while enhancing its digital capabilities. This expansion strategy positions Regional Management to gain market share and deliver strong returns to shareholders.
Regional Management Corp. (NYSE: RM) has announced that its director, Maria Contreras-Sweet, has been recognized as one of the most influential leaders in the boardroom by the National Association of Corporate Directors (NACD) in their 2021 NACD Directorship 100. This honor highlights her significant impact on corporate governance since joining the board in 2018. The recognition will take place during a virtual gala on November 9, 2021, and honorees will feature prominently in the NACD's magazine.
Regional Management Corp. (NYSE: RM) has appointed Chris Peterson as the Chief Data and Analytics Officer to enhance its data-driven strategies. His experience includes over 20 years in data sciences, previously at Capital One, where he led data science teams. This move supports Regional's growth initiatives, particularly in digital lending, and aims to optimize underwriting and risk management using alternative data sources. The appointment aligns with the company’s omni-channel model and commitment to sustainable long-term growth for shareholders.
Regional Management Corp. (NYSE: RM) reported a strong second quarter for 2021, with net income soaring to $20.2 million compared to $7.5 million a year earlier. The company achieved a record loan origination of $373 million, driving net receivables to an all-time high of $1.2 billion. Key performance indicators included a 7.1% ROA and a 28.7% ROE. The 30+ day delinquency rate fell to a historic low of 3.6%, while total revenue increased by 10.9% to $99.7 million. The company also plans to open 15 to 20 new branches in 2021 and has approved a $20 million increase in its stock repurchase program.
Regional Management Corp. (NYSE: RM) will report its second quarter 2021 results after market close on August 3, 2021. A conference call is scheduled for 5:00 PM ET, with a live webcast available on Regional Management’s website. Dial-in details include a toll-free number (855) 327-6837 and an international line (631) 891-4304, with participants advised to call 10 minutes early. A replay of the call will be accessible on the website for one year. Regional Management specializes in consumer finance, offering installment loans to customers with limited access to traditional credit.
Regional Management Corp. (NYSE: RM) announced it raised over $120,000 for the American Heart Association (AHA) through its community outreach program, Regional Reach. The virtual Upstate Heart Walk, held on April 24, had participation from over 600 walkers across 366 branches in 12 states. Regional Management has excelled as the top fundraising team for two consecutive years, significantly contributing to the AHA’s mission to combat heart disease. The company's CEO emphasized their commitment to community support, which is integral to their corporate identity.
Regional Management Corp. (NYSE: RM) reported record earnings for Q1 2021, with net income of $25.5 million, a significant turnaround from a net loss of $6.3 million in Q1 2020. The company saw a 1.7% increase in total revenue to $97.7 million, boosted by enhanced credit performance and a 25% increase in quarterly dividends to $0.25 per share. The allowance for credit losses decreased by 77.1%, reflecting improved delinquency rates, which fell to 4.3%. The company also launched a new $30 million stock repurchase program, aiming to further strengthen shareholder returns.
Regional Management Corp. (NYSE: RM) announced a $100 million expansion of its warehouse facility capacity, reaching a total of $300 million, through a new deal with JP Morgan. This complements previous agreements with Wells Fargo and Credit Suisse, marking a total increase of $175 million from the prior capacity of $125 million. CEO Robert W. Beck emphasized that this expansion will enhance their growth strategy and shareholder returns, positioning the company for sustainable growth.
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