Regional Management Q1 net income $15.2M, EPS $1.56 (up 73% YoY); declares $0.30 dividend

Regional Management Corp.

2024-Q1 EPS reported $1.56 revenue$144,308,000

Net income $15.2M, diluted EPS $1.56 vs $0.90 prior year; record quarterly revenue $144.3M (+6.6%).
Total revenue yield 32.8% (+80 bps YoY); provision for credit losses $46.4M (-2.6%).
Annualized net credit losses 10.6% (vs 10.1% prior year); 30+ day delinquency improved to 7.1% (-10 bps).
Board declared $0.30 quarterly dividend payable June 12, 2024 to holders of record May 22, 2024.

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 the first quarter ended March 31, 2024 results: revenue $144.3 million, net income $15.2 million, EPS $1.56.

Period: the first quarter ended March 31, 2024
Revenue: $144.3 million
Net income: $15.2 million
EPS: $1.56
Result: reported results

Exact text from the filing

First Quarter 2024 Highlights • Net income for the first quarter of 2024 was $15.2 million and diluted earnings per share was $1.56, up 73% from $0.90 in the prior-year period. • Net finance receivables as of March 31, 2024 were $1.7 billion, an increase of $68.1 million, or 4.1%, from the prior-year period. - Large loan net finance receivables of $1.3 billion increased $38.8 million, or 3.2%, from the prior-year period and represented 71.7% of the total loan portfolio, compared to 72.3% in the prior-year period. - Small loan net finance receivables were $490.8 million, an increase of 7.6% from the prior-year period. - Total loan originations were $326.4 million in the first quarter of 2024, an increase of $23.2 million, or 7.6%, from the prior-year period, due to controlled growth from credit-tightening actions. • Total revenue for the first quarter of 2024 was $144.3 million, an increase of $8.9 million, or 6.6%, from the prior-year period, primarily due to an increase in interest an

View on SEC.gov

1436 earnings releases filed in the last 30 days. Browse all earnings releases →

Regional Management Corp. filing history →

Source: SEC EDGAR

accession 0000950170-24-051309

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.