---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-012223"
form_type: "8-K"
ticker: "RM"
cik: "0001519401"
company_name: "Regional Management Corp."
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T06:55:53.547250+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Regional Management posts Q4 net loss of $7.6M; CFPB gains supervisory authority

## Summary
- Net loss of $7.6M ($0.80 diluted EPS) includes $12.6M impact from restructuring, loan sale, and reserve build.
- Total revenue of $141.7M, up 7.3% YoY; net receivables of $1.8B.
- 30+ day delinquency 6.9%, improved 20 bps YoY; net credit losses 15.1% annualized.
- Declared quarterly dividend $0.30/share, payable March 14, 2024.
- Consented to CFPB supervisory authority for two years ending Jan 8, 2026; no admission of wrongdoing.

## SEC filing metadata
- accession: 0000950170-24-012223
- form_type: 8-K
- ticker: RM
- cik: 0001519401
- company_name: Regional Management Corp.
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519401/000095017024012223/0000950170-24-012223-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519401/000095017024012223/rm-20240205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-012223
- JSON: https://secwatch.observer/filing/0000950170-24-012223.json
- Plain text: https://secwatch.observer/filing/0000950170-24-012223.txt

## Key facts
- Earnings Releases
  Regional Management Corp. reported the fourth quarter ended December 31, 2023 results: revenue $141.7 million, net income Net loss of $7.6 million, EPS $0.80.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $141.7 million
  - Net income: Net loss of $7.6 million
  - EPS: $0.80
  - Result: reported results
  source text: of $62.5 million, or 13.3%, from the prior-year period, due to controlled growth from credit-tightening actions. • Total revenue for the fourth quarter of 2023 was a record $141.7 million, an increase of $9.6 million, or 7.3%, from the prior-year period, primarily due to an increase in interest and fee income of $8.8 million related to higher average net finance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1519401/000095017024012223/0000950170-24-012223-index.htm
- Earnings Releases
  Regional Management Corp. reported financial results for the three and twelve months ended December 31, 2023.
  - Period: the three and twelve months ended December 31, 2023
  - Result: reported results
  source text: On February 7, 2024, the Company issued a press release announcing financial results for the three and twelve months ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1519401/000095017024012223/0000950170-24-012223-index.htm
- Material Agreements
  Regional Management Corp. amended Eighth Amendment to the Seventh Amended and Restated Loan and Security Agreement with Wells Fargo Bank, National Association valued at amendment includes extension of maturity date to September 20, 2025, increase in consolidated funded (effective 2024-02-05).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: amendment includes extension of maturity date to September 20, 2025, increase in consolidated funded
  - Effective: 2024-02-05
  source text: On February 5, 2024, Regional Management Corp. (the “ Company ”) and certain of its subsidiaries entered into the Eighth Amendment to the Seventh Amended and Restated Loan and Security Agreement (the “ Eighth Amendment ”), among the Company and its subsidiaries named as borrowers therein (collectively with the Company, the “ Revolving Borrowers ”), the financial institutions named as lenders therein (the “ Revolving Lenders ”), and Wells Fargo Bank, National Association, as agent (the “ Revolving Agent ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1519401/000095017024012223/0000950170-24-012223-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.