Regional Management Q2 net income $6.0M, EPS $0.63; revenue up 8.6% to $133.5M

Regional Management Corp.

2023-Q2 EPS reported $1.53 revenue$268,862,000

Diluted EPS $0.63 on net income $6.0M; revenue $133.5M +8.6% YoY on higher average net finance receivables.
Net finance receivables $1.7B (+10.7% YoY); large loan portfolio up 16.8% to $1.2B.
30+ day contractual delinquencies 6.9% (down 30 bps seq) with allowance $181.4M (10.7% of receivables).
Provision for credit losses $52.6M (+15.8% YoY); annualized net credit losses 13.1% vs 10.0% prior year.
Operating expense ratio improved 110 bps to 13.6%; quarterly dividend $0.30 declared, payable Sept 14, record Aug 23.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Regional Management Corp. reported second quarter 2023 results: revenue $133.5 million, net income $6.0 million, EPS $0.63.

Period: second quarter 2023
Revenue: $133.5 million
Net income: $6.0 million
EPS: $0.63
Result: reported results

Exact text from the filing

Second Quarter 2023 Highlights • Net income for the second quarter of 2023 was $6.0 million and diluted earnings per share was $0.63. • Net finance receivables as of June 30, 2023 were $1.7 billion, an increase of $163.3 million, or 10.7%, from the prior-year period. - Large loan net finance receivables of $1.2 billion increased $178.5 million, or 16.8%, from the prior-year period and represented 73.3% of the total loan portfolio, compared to 69.4% in the prior-year period. - Small loan net finance receivables were $444.6 million, a decrease of 2.3% from the prior-year period. - Total loan originations were $399.0 million in the second quarter of 2023, a decrease of $27.3 million, or 6.4%, from the prior-year period. • Total revenue for the second quarter of 2023 was $133.5 million, an increase of $10.6 million, or 8.6%, from the prior-year period.

View on SEC.gov

Browse all earnings releases →

Regional Management Corp. filing history →

Source: SEC EDGAR

accession 0000950170-23-037209

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.