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) 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.
Regional Management Corp. (NYSE: RM) announced the expansion of operations into Illinois, marking its 12th U.S. state with a new branch in Maryville. This branch is the company’s 366th location and is part of an ongoing strategy to enhance its Midwest presence. The company plans to open more branches in Illinois throughout 2021, alongside entering four to six additional states in the next 18 months. Additionally, it has increased warehouse capacity by $75 million, allowing for greater investment in growth initiatives.
Regional Management Corp. (NYSE: RM) will announce its first quarter 2021 results on May 4, 2021, after market close.
A conference call is scheduled for 5:00 PM ET that same day, with a live webcast available at www.RegionalManagement.com. Investors can join the call by dialing (855) 327-6837 or (631) 891-4304 internationally, 10 minutes before it starts. A replay of the call will be accessible for one year on the company's website.
Regional Management provides consumer finance products primarily to customers with limited access to traditional credit.
Regional Management Corp. (NYSE: RM) announces participation in a fireside chat at the Credit Suisse 22nd Annual Virtual Financial Services Forum on February 24, 2021, at 12:10 PM ET. President Robert W. Beck and CFO Harp Rana will represent the company. This event offers investors the chance to listen via the company’s investor relations website.
Regional Management provides accessible installment loan products primarily aimed at customers with limited credit access, operating 365 branches across 11 U.S. states as of December 31, 2020.
Regional Management Corp. (NYSE: RM) reported strong fourth-quarter results for 2020, showing portfolio growth and profitability even in challenging conditions. Key highlights include a net income of $14.3 million with diluted earnings per share of $1.28. Core loan portfolio expanded by $80 million in the quarter, with total net finance receivables at $1.1 billion, a 7.2% increase from the previous quarter. The company aims to expand its market share and invest in digital initiatives while maintaining a stable delinquency rate of 5.3%. Additionally, they declared a dividend of $0.20 per share for Q1 2021.
Regional Management Corp. (NYSE: RM) will report its fourth quarter 2020 results after market close on February 10, 2021. A conference call to discuss these results is scheduled for 5:00 PM ET on the same day, with a live webcast available on their website. Participants can dial in at (855) 327-6837 (toll-free) or (631) 891-4304 (international) 10 minutes before the start. A replay of the call will be accessible on their website for one year. The company provides installment loan products primarily for customers with limited access to traditional credit.
Regional Management Corp. (NYSE: RM) will participate in a fireside chat at the Stephens Annual Investment Conference 2020. The chat features President and CEO Robert W. Beck and interim CFO Michael Dymski on November 17, 2020, at 8:00 AM ET, available via webcast. Investors can access the webcast on the company's investor relations website. Regional Management specializes in providing installment loans to customers with limited access to credit, operating 368 branches across 11 states as of September 30, 2020. For more details, visit www.RegionalManagement.com.
Regional Management Corp. (NYSE: RM) will release its third quarter 2020 results on October 29, 2020, after market close. A conference call is scheduled for 5:00 PM ET the same day to discuss these results. Investors can join the call by dialing (855) 327-6837 or (631) 891-4304 for international participants, 10 minutes before the start time. Additionally, a webcast replay will be accessible for one year on the company’s website. Regional Management offers consumer finance solutions primarily to those with limited access to credit.
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