Regional Management Q1 net income $8.7M ($0.90 EPS); revenue up 12% to $135.4M; declares $0.30 dividend

Regional Management Corp.

2023-Q1 EPS reported $0.90 revenue$135,378,000

Net income of $8.7M and diluted EPS of $0.90 for Q1 2023.
Total revenue $135.4M, up 12.0% YoY on higher interest and fee income.
Provision for credit losses $47.7M, up 54.5% YoY; annualized net credit losses 10.1% vs 8.7%.
30+ day contractual delinquencies at 7.2% of net finance receivables, up 10 bps from year-end.
Board declared $0.30/share quarterly dividend, payable June 14, 2023 to holders of record May 24.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Regional Management Corp. reported first quarter ended March 31, 2023 results: revenue $135.4 million, net income $8.7 million, EPS $0.90 per diluted share.

Period: first quarter ended March 31, 2023
Revenue: $135.4 million
Net income: $8.7 million
EPS: $0.90 per diluted share
Result: reported results

Exact text from the filing

were $303.2 million in the first quarter of 2023, a decrease of $22.8 million, or 7.0%, from the prior-year period. • Total revenue for the first quarter of 2023 was $135.4 million, an increase of $14.5 million, or 12.0%, from the prior-year period. - Interest and fee income increased $12.8 million, or 11.9%, primarily due to higher average net finance

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Source: SEC EDGAR

accession 0000950170-23-017224

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