Regional Management Q3 net income $8.8M ($0.91 EPS); revenue $140.9M +7.2% YoY

Regional Management Corp.

2023-Q3 EPS reported $2.45 revenue$409,740,000

Diluted EPS $0.91, net income $8.8M; total revenue $140.9M, up 7.2% vs prior year.
Net finance receivables $1.8B, up 8.9% YoY; large loan portfolio grew 13.9%.
Provision for credit losses $50.9M (+5.9% YoY); annualized net credit losses 11.0% vs 9.1%.
30+ day contractual delinquency 7.3%, up 10 bps YoY; allowance for credit losses $184.9M.
Board declared $0.30/share quarterly dividend, payable Dec 13, 2023 to holders of record Nov 22.

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 the third quarter ended September 30, 2023 results: revenue $140.9 million, net income $8.8 million, EPS $0.91.

Period: the third quarter ended September 30, 2023
Revenue: $140.9 million
Net income: $8.8 million
EPS: $0.91
Result: reported results

Exact text from the filing

of net income and $0.91 of diluted EPS. Strong loan demand and our conservative underwriting criteria led to high-quality portfolio growth of $62 million, record revenue of $141 million, and a sequential increase in revenue yields of 80 basis points. We also continued to manage our expenses closely while furthering our strategic initiatives, driving a 50 basis

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Source: SEC EDGAR

accession 0000950170-23-057488

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