Highest-materiality recent filing
Net income $8.2M ($0.85 diluted EPS), down 19.6% YoY; YTD net income $19.6M ($2.03 EPS), up 14% YoY.
Regional Management Q1 net income $11.4M, diluted EPS $1.18 (+69% YoY); declares $0.30 dividend
Net income $11.4M, diluted EPS $1.18 (up 69% YoY).
Regional Management signs PMA with Column for new installment lending program
Column acts as lender of secured/unsecured loans; RM serves as program manager and servicer.
Regional Management Q4 EPS $1.30, net income $12.9M (+30% YoY); record revenue $169.7M
Diluted EPS $1.30, net income $12.9M, up 32.7% and 30.2% YoY respectively.
Regional Management Q3 net income $14.4M, EPS $1.42 (+87% YoY); CEO Beck resigns, Lamba appointed
Record total revenue of $165.5M, up 13.1% YoY; net credit loss rate improved 40 bps to 10.2%.
RM completes $253M asset-backed notes at 4.83% WAC, cuts variable-rate debt
$252.8M notes issued in 4 tranches (Class A 4.59%, B 5.00%, C 5.36%, D 6.01%); WAC 4.83%.
Regional Management Corp. enters new $355M senior revolving credit facility with improved terms
New facility of up to $355M, expandable to $420M, with BMO as agent; matures August 2028.
Regional Management Q2 net income $10.1M ($1.03 EPS) up 20% YoY; record revenue and originations
Net income $10.1M, diluted EPS $1.03, up ~20% YoY; record revenue $157.4M (+10.1%).
Regional Management Q1 net income $7.0M ($0.70 EPS); revenue record $153M, originations up 20.2%
Q1 net income $7.0M, diluted EPS $0.70; total revenue $153.0M, up 6.0% YoY; record originations $392.1M, +20.2%.
Regional Management closes $265M asset-backed securitization; redeems $180M 2020-1 notes
$265M notes issued at weighted-average coupon 5.30% (5 bps improvement over prior RMIT 2024-2).
Regional Management Q4 net income $9.9M, EPS $0.98; record revenue $154.8M
Net income $9.9M ($0.98 diluted EPS); record revenue $154.8M, up 9.3% YoY.
Regional Management Corp. authorizes $30M share buyback, targets 10-12% portfolio growth in 2025
Board authorized $30 million stock repurchase program through December 31, 2026.
Regional Management completes $250M securitization at 5.34% WAC, pays off 7.51% notes
Issued $250M asset-backed notes at weighted-average coupon 5.34%, an 85 bps improvement over prior 2024-1 deal.
Regional Management Q3 2024 net income $7.7M ($0.76 EPS) with $4.3M hurricane impact
Net income of $7.7M ($0.76 diluted EPS) inclusive of $4.3M ($0.42/share) hurricane impact.
Credit facility commitment increased 67% from $75M to $125M for subsidiary RMR VII.
Regional Management Q2 net income $8.4M, EPS $0.86, revenue $143M, declares $0.30 dividend
Net income $8.4M, diluted EPS $0.86, up 37% from $0.63 YoY.
Regional Management Corp. completes $187.3M ABS notes at 6.19% WAC, 132 bps lower
$187.3M ABS notes issued at weighted-average coupon 6.19%, 132 bps improvement over prior RMIT 2022-2B.
RM completes $187.3M asset-backed securitization (RMIT 2024-1) at 6.19% weighted-average coupon
Issued $187.305M in four classes of notes (Class A 5.83%, B 6.45%, C 6.77%, D 7.46%); weighted-average coupon 6.19%.
Regional Management Q1 net income $15.2M, EPS $1.56 (up 73% YoY); declares $0.30 dividend
Net income $15.2M, diluted EPS $1.56 vs $0.90 prior year; record quarterly revenue $144.3M (+6.6%).
RMR IV amendment adds hedge reserve account if 3-month excess spread <=18.50%; interest rate hedge trigger raised to 16.75%.
Regional Management posts Q4 net loss of $7.6M; CFPB gains supervisory authority
Net loss of $7.6M ($0.80 diluted EPS) includes $12.6M impact from restructuring, loan sale, and reserve build.
Regional Management Q3 net income $8.8M ($0.91 EPS); revenue $140.9M +7.2% YoY
Diluted EPS $0.91, net income $8.8M; total revenue $140.9M, up 7.2% vs prior year.
Regional Management Q2 net income $6.0M, EPS $0.63; revenue up 8.6% to $133.5M
Diluted EPS $0.63 on net income $6.0M; revenue $133.5M +8.6% YoY on higher average net finance receivables.
Net income of $8.7M and diluted EPS of $0.90 for Q1 2023.
Regional Management adopts Executive Severance and CIC Plan with multiples up to 2x
Plan effective Apr 6, 2023; supersedes prior employment agreements for named executives.
$75 million warehouse facility secured by consumer loans and a SUBI certificate.
Regional Management Q4 net income $2.4M, adjusted EPS $0.54; enters $75M warehouse facility
Net income of $2.4M ($0.25 diluted EPS); adjusted net income $5.0M ($0.54 adjusted diluted EPS).
the Board increased the size of the Board from eight members to nine members and appointed Julie Booth as a new member of the Board, effective immediately.
On December 31, 2023, the employment of John D. Schachtel, Executive Vice President and Chief Operating Officer of Regional Management Corp. (the “ Company ”), was terminated without cause, effective immediately.
the Board increased the size of the Board from eight members to nine members and appointed Philip V. Bancroft as a new member of the Board, effective immediately.
On January 19, 2022, upon recommendation by the Corporate Governance and Nominating Committee of the Board of Directors (the “ Board ”) of Regional Management Corp. (the “ Company ”), the Board increased the size of the Board from eight members to nine members and appointed Philip V. Bancroft as a new member of the Board, effective immediately.
Max materiality 0.85 · Median 0.60 · Most common event earnings