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RM - Dividend announcements
Regional Management Corp. (RM) dividend announcements - real-time wire coverage filtered to Dividends only.
Recent Dividends for RM
- Regional Management Corp. and Column N.A. Announce New Lending Partnership to Support Growth and ReturnsRegional Management Corp. (NYSE:RM), a diversified consumer finance company operating under the name "Regional Finance" across 19 states, announced today a new lending partnership with Column N.A., a nationally chartered bank built to enable developers and builders to create financial products. Column will serve as a bank partner for Regional's secured and unsecured installment lending products in select states. The partnership launched this week and will support Regional's continued growth, as well as enhance its ability to enter new markets and expand its product offerings over time. "As we continue to grow our business and serve our customers' varied financial needs, we are excited t
- Regional Management Corp. Announces Grant of Employment Inducement AwardsRegional Management Corp. (NYSE:RM), a diversified consumer finance company, today announced the grant of employment inducement awards to Lakhbir S. Lamba, the newly appointed President and Chief Executive Officer of the Company and a member of the Board of Directors of the Company. The Human Resources and Compensation Committee of the Board approved the following employment inducement awards to Mr. Lamba on October 30, 2025: (i) an initial restricted stock award to be granted on November 10, 2025 for such number of shares as will be determined by dividing $350,000 by the closing price of the common stock on the grant date; (ii) a separate restricted stock award, expected to be granted du
- Regional Management Corp. Completes $253 Million Asset-Backed SecuritizationRegional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has completed a $253 million asset-backed securitization. The Regional Management Issuance Trust 2025-2 (RMIT 2025-2) notes were issued at a weighted-average coupon of 4.83% (a 47 basis point improvement over the prior RMIT 2025-1 issued notes), secured by $278 million of receivables, with a 2-year revolving period. The Class A notes of the securitization received a top rating of "AAA" from Standard & Poor's and Morningstar DBRS. The company used a portion of the proceeds from the RMIT 2025-2 securitization to pay down variable rate debt facilities, as well as fully pay off notes from its
- Regional Management Corp. Completes $265 Million Asset-Backed SecuritizationRegional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has completed a $265 million asset-backed securitization, marking its 12th successful securitization. The Regional Management Issuance Trust 2025-1 (RMIT 2025-1) notes were issued at a weighted-average coupon of 5.30% (a 5 bp improvement over the prior RMIT 2024-2 issued notes), secured by $298 million of receivables, with a 2-year revolving period. The Class A notes of the securitization received a top rating of "AAA" from Standard & Poor's and Morningstar DBRS. The company used a portion of the proceeds from the RMIT 2025-1 securitization to pay down variable rate debt facilities, as well
- Regional Management Corp. Announces Stock Repurchase Program and Growth OutlookRegional Management Corp. (NYSE:RM), a diversified consumer finance company, today announced a $30 million stock repurchase program and growth expectations for 2025. "Having executed well throughout the economic cycle, we carry strong momentum and a healthy balance sheet into the new year, with significant funding for continued execution on our long-term growth strategy and the return of excess capital to shareholders," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "To that end and based on our consistently strong performance, liquidity profile, capital position, and confidence in our future, we are pleased to announce the authorization by our Boa
- Regional Management Corp. Completes $250 Million Asset-Backed SecuritizationRegional 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 Class A notes of the securitization received a top rating of "AAA" from Standard & Poor's and Morningstar DBRS. The company used a portion of the proceeds from the RMIT 2024-2 securitization to fully pay off notes from its RMIT 2022-2B s
- Regional Management Corp. Completes $187 Million Asset-Backed SecuritizationRegional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has completed a $187.3 million asset-backed securitization, marking its tenth successful securitization. The Regional Management Issuance Trust 2024-1 (RMIT 2024-1) notes were issued at a weighted-average coupon of 6.19% (a 132 bps improvement over the prior RMIT 2022-2B issued notes), secured by $215.7 million of receivables, with a 3-year revolving period. The Class A notes of the securitization received a top rating of "AAA" from Standard & Poor's and Morningstar DBRS. "We are pleased to complete our latest securitization at an improved cost of capital compared to our prior securitiza
- Regional Management Corp. Expands Operations to ArizonaRegional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has commenced lending operations in Arizona, its 19th U.S. state, and expects to open its first branch within Arizona during the second quarter of 2023. "We are excited to bring our suite of affordable financial solutions to consumers in Arizona and further expand our operations within the southwestern U.S.," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "We are currently servicing loans through our centralized sales and service teams, and we will eventually expand those efforts to branches in the state. Our measured expansion strategy continues to
- Regional Management Corp. Expands Operations to IdahoRegional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has commenced lending operations in Idaho, its 18th U.S. state, and expects to open its first branch within Idaho during the first quarter of 2023. "We are very pleased to bring our suite of affordable, best-in-class financial solutions to Idaho and expand our operations for the first time to the Pacific Northwest," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "We expect to service loans originated in Idaho at first through our centralized sales and service team, and eventually through branches in select markets across the state. Our geographic exp
- Regional Management Corp. Completes $200 Million Asset-Backed SecuritizationRegional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has completed a $200 million asset-backed securitization, its ninth securitization. The securitization has a 2-year revolving period, and the Class A notes received an "AAA" rating by Standard & Poor's Ratings Services (S&P), the first time a senior class of notes in a Regional Management securitization has received S&P's top rating. "Our latest securitization reflects the confidence investors have in Regional Management despite the macro environment, and we are pleased to have received an AAA-rating from S&P on our senior class of notes," said Robert W. Beck, President and Chief Executive
- Regional Management Corp. Expands Operations to LouisianaRegional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has expanded its operations to Louisiana, its 17th U.S. state, with the opening of its first branch in Metairie. The opening further expands Regional Management's footprint within the southeastern U.S. "We are excited to bring our suite of affordable financial solutions for the first time to consumers in Louisiana," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "We look forward to expanding into additional markets to enable high-quality consumers throughout Louisiana to leverage our best-in-class lending solutions. Further, the addition of Louisiana
- Regional Management Corp. Expands Operations to CaliforniaRegional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has expanded its operations to California, its 16th U.S. state, with the opening of its first branch in Riverside. The opening further expands Regional Management's footprint and provides Regional with a true coast-to-coast presence in the U.S. "We are very pleased to bring our suite of affordable financial solutions to California, the largest state in the U.S. and one of the largest economies in the world," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "We look forward to expanding our presence into additional markets within California in the month
- Regional Management Corp. Expands Operations to IndianaRegional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has expanded its operations to Indiana, its 15th U.S. state, with the opening of its first branch in Merrillville. The opening further expands Regional Management's de novo footprint within the Midwestern U.S. "We are very pleased to bring to Indiana our suite of affordable financial solutions for hard-working Hoosiers," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "Our omni-channel operating model will enable consumers throughout Indiana to access our premier lending solutions at their convenience, while allowing us to reach additional high-qualit
- Regional Management Corp. Completes $250 Million Asset-Backed SecuritizationRegional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has completed a $250 million asset-backed securitization, its eighth securitization and largest to date. The sold notes were issued by Regional Management Issuance Trust 2022-1 (RMIT 2022-1) at a weighted average coupon of 3.59%, were secured by $265 million of receivables, and have a three-year revolving period. In addition, the senior class, or Class A, of the securitization received a "AAA" rating by DBRS, the first time a senior class of notes in a Regional Management securitization has received the top rating. "Despite a challenging market environment, we experienced strong investor i
- Regional Management Corp. Expands Operations to UtahRegional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has expanded its operations to Utah, its 13th U.S. state, with the opening of its first branch in Provo. The opening expands Regional Management's de novo footprint to the Western U.S. "We are excited to bring our set of affordable financial solutions and world-class service to Provo, and we look forward to opening an additional branch in Salt Lake City later this year," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "With the support of our omni-channel operating model, consumers across Utah are able to access our suite of lending products at their
- Regional Management Corp. Announces First Quarter 2021 Results- Record net income of $25.5 million and diluted earnings per share of $2.31 - - Core net finance receivables and total revenue each grew 1.7% year-over-year - - Historically low 30+ day contractual delinquencies of 4.3% as of March 31, 2021 - - Raises quarterly cash dividend by 25% to $0.25 per common share and announces a new $30 million stock repurchase program - Regional Management Corp. (NYSE:RM), a diversified consumer finance company, today announced results for the first quarter ended March 31, 2021. "We had a fantastic start to 2021, as we built off of our strong performance from the prior year to generate record quarterly earnings," said Robert W. Beck, President and Chief Ex
- Regional Management Corp. Adds New Lender and Increases Warehouse Facility Capacity to $300 MillionRegional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has expanded its warehouse facility capacity by $100 million to $300 million by closing on an additional new warehouse facility with JP Morgan. As with the company's recently closed warehouse facilities with Wells Fargo and Credit Suisse, the new facility funds multiple forms of collateral, including small loans, large loans, convenience check loans, and digitally originated loans. Combined, the three new warehouse facilities closed in April 2021 represent an increase of $175 million from the company's previous single $125 million warehouse facility. "We are pleased to further expand the c
- Regional Management Corp. Expands Operations to IllinoisWarehouse Facility Capacity Increases by $75 Million to $200 Million to Further Fund Long-Term Growth Initiatives Regional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has expanded its operations to Illinois, its 12th U.S. state, with the opening of its first branch in Maryville. The branch is the company's 366th location and expands Regional Management's de novo footprint within the Midwestern U.S. "We are thrilled to bring our valuable product set, financial solutions, and best-in-class service to consumers throughout Illinois," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "We expect to open additi
- Regional Management Corp. Announces Fourth Quarter 2020 ResultsGREENVILLE, S.C.--(BUSINESS WIRE)--Regional Management Corp. (NYSE: RM), a diversified consumer finance company, today announced results for the fourth quarter ended December 31, 2020. “We delivered outstanding portfolio growth and profitability in the fourth quarter, further validating the sustainability of our omni-channel operating model and our team’s ability to execute across the board,” said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. “Our new initiatives and customer service offerings enabled us to grow our core loan portfolio by $80 million in the quarter and by $19 million in 2020, a notable achievement in a challenging environment.