Regional Management (RM) Stock

GREENVILLE, S.C.--(BUSINESS WIRE)--Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced today that it has completed a $250 million asset-backed securitization, marking its 11th successful securitization. The Regional Management Issuance Trust 2024-2 (RMIT 2024-2) notes were issued at a weighted-average coupon of 5.34% (an 85 bps improvement over the prior RMIT 2024-1 issued notes), secured by $284 million of receivables, with a 2-year revolving period. The Cla.

RM's third-quarter earnings benefit from rising interest and fee income and improved efficiency ratio. The hurricane impact, coupled with declining net insurance income, partially offset the results.

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Regional Management (RM) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.91 per share a year ago.

GREENVILLE, S.C.--(BUSINESS WIRE)--Regional Management Corp. (NYSE: RM), a diversified consumer finance company operating through its Regional Finance subsidiaries, is offering borrower assistance programs to provide relief to customers in the Southeast who have been impacted by Hurricane Helene. The programs provide a variety of options to eligible customers, including loan payment deferrals, loan modifications, and certain fee waivers. Regional Finance team members also stand ready to assist.

RM continues to invest in its strategic and growth initiatives while keeping a tight grip on general and administrative expenses.

Regional Management (RM) foresees about 60-70 basis points year-over-year growth in total revenue yield for 2024.

Regional Management (RM) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.63 per share a year ago.

Regional Management Corp. (NYSE: RM) Q1 2024 Earnings Call Transcript on May 1, 2024 at 5:00 PM ET with Company Representatives Garrett Edson, Rob Beck, and Harp Rana. Conference call participants include John Hecht and Matt Dhane. Welcome to Regional Management's Q1 2024 Earnings Call. Participants are currently in listen-only mode.