Regional Management Q3 net income $10.1M ($1.06 EPS), down 54.7% YoY; declares $0.30 dividend

Regional Management Corp.

2022-Q3 EPS reported $5.01 revenue$375,171,000

Net income $10.1M, diluted EPS $1.06; declines of 54.7% and 49.8% YoY respectively.
Net finance receivables hit all-time high $1.61B, up 22.3% YoY; total revenue record $131.5M, up 17.9%.
Provision for credit losses $48.1M, up 84.2% YoY; 30+ day delinquencies 7.2% (up 100 bps QoQ).
Quarterly dividend $0.30 per share payable Dec 14, 2022 to holders of record Nov 23, 2022.
Expanded to California and Louisiana; closed $200M securitization with AAA rating in Oct 2022.

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 financial results for the three and nine months ended September 30, 2022.

Period: the three and nine months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 1, 2022, Regional Management Corp. (the " Company ") issued a press release announcing financial results for the three and nine months ended September 30, 2022.

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Regional Management Corp. filing history →

Source: SEC EDGAR

accession 0001564590-22-036081

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