Regional Management Corp, a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. It offers small and large installment loans; retail loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products. The company's loans are sourced through branches, direct mail campaigns, digital partners, and retailers, as well as its consumer website. As of April 20, 2021, it operated a network of 366 branches in the Southeastern, Southwestern, Mid-Atlantic, and Midwestern United States. Regional Management Corp. was incorporated in 1987 and is headquartered in Greer, South Carolina.
IPO Year: 2012
Exchange: NYSE
Website: regionalmanagement.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $38.00 | Overweight | Stephens |
| 6/7/2024 | Neutral | BTIG Research | |
| 9/29/2021 | Market Outperform → Market Perform | JMP Securities | |
| 7/19/2021 | $45.00 → $50.00 | Market Outperform | JMP Securities |
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
Appoints Rick Bunka, Who Possesses Extensive Retail and E-Commerce Experience, as Interim CEO, and Bob Barry, Who Brings Institutional Knowledge and Strong Finance Expertise, as Interim CFO Highlights Company's Track Record of Profitable Growth and Strong Go-Forward Positioning in the Household Appliances Market Polished.com Inc. (NYSE:POL) (formerly known as 1847 Goedeker Inc.) ("Polished" or the "Company"), a content driven and technology enabled shopping destination for appliances, furniture and home goods in the U.S. household appliances market, today announced the appointments of John "Rick" Bunka as interim Chief Executive Officer ("CEO") and Robert "Bob" Barry as interim Chief Fina
Regional Management Corp. (NYSE:RM), a diversified consumer finance company, today announced the appointment of Philip Bancroft to its Board of Directors, effective immediately. Mr. Bancroft is the former Chief Financial Officer and current Executive Vice President of Chubb (NYSE:CB), the largest publicly traded property and casualty insurance company in the world. Mr. Bancroft's appointment increases the size of Regional Management's Board of Directors from eight directors to nine directors. "We are delighted to welcome Phil to our Board," said Maria Contreras-Sweet, Chair of the Corporate Governance and Nominating Committee of Regional Management's Board of Directors. "Phil's wealth of
Regional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it has appointed Chris Peterson to the newly created position of Chief Data and Analytics Officer, effective immediately. "Chris's distinguished career and vast expertise in data sciences make him the ideal fit to head our data and analytics team in support of our growth strategies, including our digital initiatives," said Rob Beck, President and Chief Executive Officer of Regional Management Corp. "We have generated considerable growth in 2021 in digitally-sourced originations, and with the addition of Chris, we are further strengthening our investment in our omni-channel model. Chris will al
- Net income of $7.7 million and diluted earnings per share of $0.76, inclusive of a $4.3 million, or $0.42 per share, impact due to hurricane events occurring in the third quarter of 2024 - - Record revenue and ending net receivables driven by $46 million of sequential portfolio growth, an annualized growth rate of 10% - - Net credit loss rate of 10.6% and 30+ day contractual delinquency rate of 6.9% as of September 30, 2024, both 40 basis points better than the prior-year period - - Continued expense discipline with operating expense increasing only 0.6% from the prior-year period and an operating expense ratio of 13.9%, a 50 basis point improvement year-over-year - Regional Managemen
Regional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it will report its third quarter 2024 results after the market closes on Wednesday, November 6, 2024. The company will hold a conference call to discuss results at 5:00 PM ET on that day. A live webcast of the conference call will be available on Regional Management's website at www.RegionalManagement.com. The dial-in number for the conference call is (844) 826-3035 (toll-free) or (412) 317-5195 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at http://www.RegionalManagement.com for one year following the cal
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 eligible customers in filing personal property and other credit insurance claims. "Hurricane Helene had a devastating impact on many communities where we operate," said Robert W. Beck, President and Chief Executive Officer of Regional
- Net income of $8.4 million and diluted earnings per share of $0.86, up 37% from $0.63 in the prior-year period - - Year-over-year growth in customer accounts, originations, and revenue of 7%; revenue growth driven by 5% ending net receivables growth and 80 bps increase in total revenue yield - - 30+ day contractual delinquency rate of 6.9% as of June 30, 2024 - - Continued expense discipline with operating expense ratio of 13.8% - Regional Management Corp. (NYSE:RM), a diversified consumer finance company, today announced results for the second quarter ended June 30, 2024. "We are very pleased with our quarterly and year-to-date results," said Robert W. Beck, President and Chief
Regional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it will report its second quarter 2024 results after the market closes on Wednesday, July 31, 2024. The company will hold a conference call to discuss results at 5:00 PM ET on that day. A live webcast of the conference call will be available on Regional Management's website at www.RegionalManagement.com. The dial-in number for the conference call is (877) 407-0752 (toll-free) or (201) 389-0912 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at http://www.RegionalManagement.com for one year following the cal
Regional 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. (NYSE:RM), a diversified consumer finance company, announced today that it raised $52,000 in support of the American Heart Association's (AHA) Upstate Heart Walk through its community outreach program, Regional Reach. The company participated in the walk on Sunday, April 21, in downtown Greenville, South Carolina. "Organizations like Regional Management have been instrumental in propelling our mission," said Adelyn Nottingham, Director of the American Heart Association. "Thanks to their ongoing support, we can allocate resources effectively, making a lasting impact on the communities we serve in our mission to eliminate heart disease and stroke." Thanks to the
- Net income of $15.2 million and diluted earnings per share of $1.56, up from $0.90 in the prior-year period - - 30+ day contractual delinquency rate of 7.1% as of March 31, 2024 - - Continued expense discipline with operating expense ratio of 13.7% - Regional Management Corp. (NYSE:RM), a diversified consumer finance company, today announced results for the first quarter ended March 31, 2024. "We had a very strong start to 2024, as we outperformed our outlook on both the top and bottom lines," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "We generated net income of $15.2 million and diluted earnings per share of $1.56 in the first quarter
Regional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it will report its first quarter 2024 results after the market closes on Wednesday, May 1, 2024. The company will hold a conference call to discuss results at 5:00 PM ET on that day. A live webcast of the conference call will be available on Regional Management's website at www.RegionalManagement.com. The dial-in number for the conference call is (877) 407-0752 (toll-free) or (201) 389-0912 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at http://www.RegionalManagement.com for one year following the call.
- Net loss of $7.6 million and diluted loss per share of $0.80, inclusive of a $12.6 million, or $1.34 per share, impact due to three discrete fourth quarter actions - - 30+ day contractual delinquency rate of 6.9% as of December 31, 2023 - - Fourth quarter ending net receivables of $1.8 billion - Regional Management Corp. (NYSE:RM), a diversified consumer finance company, today announced results for the fourth quarter ended December 31, 2023. "We took a series of actions in the fourth quarter to put the business back on a more normalized earnings trajectory for 2024, including strong first quarter profits," said Robert W. Beck, President and Chief Executive Officer of Regional Mana
SC 13G/A - Regional Management Corp. (0001519401) (Subject)
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8-K - Regional Management Corp. (0001519401) (Filer)
10-Q - Regional Management Corp. (0001519401) (Filer)
8-K - Regional Management Corp. (0001519401) (Filer)
8-K - Regional Management Corp. (0001519401) (Filer)
10-Q - Regional Management Corp. (0001519401) (Filer)
8-K - Regional Management Corp. (0001519401) (Filer)
8-K/A - Regional Management Corp. (0001519401) (Filer)
8-K - Regional Management Corp. (0001519401) (Filer)
8-K - Regional Management Corp. (0001519401) (Filer)
8-K - Regional Management Corp. (0001519401) (Filer)
Stephens initiated coverage of Regional Mgmt with a rating of Overweight and set a new price target of $38.00
BTIG Research initiated coverage of Regional Mgmt with a rating of Neutral
JMP Securities downgraded Regional Management from Market Outperform to Market Perform
JMP Securities reiterated coverage of Regional Management with a rating of Market Outperform and set a new price target of $50.00 from $45.00 previously
BMO Capital downgraded Regional Management from Outperform to Market Perform and set a new price target of $43.00
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
4 - Regional Management Corp. (0001519401) (Issuer)
- Net income of $7.7 million and diluted earnings per share of $0.76, inclusive of a $4.3 million, or $0.42 per share, impact due to hurricane events occurring in the third quarter of 2024 - - Record revenue and ending net receivables driven by $46 million of sequential portfolio growth, an annualized growth rate of 10% - - Net credit loss rate of 10.6% and 30+ day contractual delinquency rate of 6.9% as of September 30, 2024, both 40 basis points better than the prior-year period - - Continued expense discipline with operating expense increasing only 0.6% from the prior-year period and an operating expense ratio of 13.9%, a 50 basis point improvement year-over-year - Regional Managemen
Regional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it will report its third quarter 2024 results after the market closes on Wednesday, November 6, 2024. The company will hold a conference call to discuss results at 5:00 PM ET on that day. A live webcast of the conference call will be available on Regional Management's website at www.RegionalManagement.com. The dial-in number for the conference call is (844) 826-3035 (toll-free) or (412) 317-5195 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at http://www.RegionalManagement.com for one year following the cal
- Net income of $8.4 million and diluted earnings per share of $0.86, up 37% from $0.63 in the prior-year period - - Year-over-year growth in customer accounts, originations, and revenue of 7%; revenue growth driven by 5% ending net receivables growth and 80 bps increase in total revenue yield - - 30+ day contractual delinquency rate of 6.9% as of June 30, 2024 - - Continued expense discipline with operating expense ratio of 13.8% - Regional Management Corp. (NYSE:RM), a diversified consumer finance company, today announced results for the second quarter ended June 30, 2024. "We are very pleased with our quarterly and year-to-date results," said Robert W. Beck, President and Chief
Regional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it will report its second quarter 2024 results after the market closes on Wednesday, July 31, 2024. The company will hold a conference call to discuss results at 5:00 PM ET on that day. A live webcast of the conference call will be available on Regional Management's website at www.RegionalManagement.com. The dial-in number for the conference call is (877) 407-0752 (toll-free) or (201) 389-0912 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at http://www.RegionalManagement.com for one year following the cal
Regional 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
- Net income of $15.2 million and diluted earnings per share of $1.56, up from $0.90 in the prior-year period - - 30+ day contractual delinquency rate of 7.1% as of March 31, 2024 - - Continued expense discipline with operating expense ratio of 13.7% - Regional Management Corp. (NYSE:RM), a diversified consumer finance company, today announced results for the first quarter ended March 31, 2024. "We had a very strong start to 2024, as we outperformed our outlook on both the top and bottom lines," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "We generated net income of $15.2 million and diluted earnings per share of $1.56 in the first quarter
Regional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it will report its first quarter 2024 results after the market closes on Wednesday, May 1, 2024. The company will hold a conference call to discuss results at 5:00 PM ET on that day. A live webcast of the conference call will be available on Regional Management's website at www.RegionalManagement.com. The dial-in number for the conference call is (877) 407-0752 (toll-free) or (201) 389-0912 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at http://www.RegionalManagement.com for one year following the call.
- Net loss of $7.6 million and diluted loss per share of $0.80, inclusive of a $12.6 million, or $1.34 per share, impact due to three discrete fourth quarter actions - - 30+ day contractual delinquency rate of 6.9% as of December 31, 2023 - - Fourth quarter ending net receivables of $1.8 billion - Regional Management Corp. (NYSE:RM), a diversified consumer finance company, today announced results for the fourth quarter ended December 31, 2023. "We took a series of actions in the fourth quarter to put the business back on a more normalized earnings trajectory for 2024, including strong first quarter profits," said Robert W. Beck, President and Chief Executive Officer of Regional Mana
Regional Management Corp. (NYSE:RM), a diversified consumer finance company, announced today that it will report its fourth quarter 2023 results after the market closes on Wednesday, February 7, 2024. The company will hold a conference call to discuss results at 5:00 PM ET on that day. A live webcast of the conference call will be available on Regional Management's website at www.RegionalManagement.com. The dial-in number for the conference call is (855) 327-6837 (toll-free) or (631) 891-4304 (international). Please dial the number 10 minutes prior to the scheduled start time. A webcast replay of the call will be available at http://www.RegionalManagement.com for one year following the
- Net income of $8.8 million and diluted earnings per share of $0.91 - - 30+ day contractual delinquency rate of 7.3% as of September 30, 2023 - - Third quarter ending net receivables of $1.8 billion - Regional Management Corp. (NYSE:RM), a diversified consumer finance company, today announced results for the third quarter ended September 30, 2023. "With a high-quality portfolio, prudent expense management, and solid execution of our core business, we delivered another set of strong results in the third quarter," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "We generated $8.8 million of net income and $0.91 of diluted EPS. Strong loan deman
BTIG analyst Vincent Caintic initiates coverage on Regional Mgmt (NYSE:RM) with a Neutral rating.
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Although U.S. stocks closed mixed on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. American Homes 4 Rent The Trade: American Homes 4 Rent (NYSE:AMH) Director Jack E Corrigan acquired a total of 10,000 shar
Keefe, Bruyette & Woods analyst Sanjay Sakhrani maintains Regional Mgmt (NYSE:RM) with a Market Perform and raises the price target from $26 to $28.
Regional Mgmt (NYSE:RM) reported quarterly earnings of $1.56 per share which beat the analyst consensus estimate of $0.88 by 77.27 percent. This is a 73.33 percent increase over earnings of $0.90 per share from the same period last year. The company reported quarterly sales of $144.308 million which beat the analyst consensus estimate of $140.046 million by 3.04 percent. This is a 6.60 percent increase over sales of $135.378 million the same period last year.
Stephens & Co. analyst Vincent Caintic reiterates Regional Mgmt (NYSE:RM) with a Equal-Weight and maintains $30 price target.
Regional Mgmt (NYSE:RM) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.43 by 25.58 percent. The company reported quarterly sales of $141.66 million which missed the analyst consensus estimate of $141.95 million by 0.21 percent. This is a 7.30 percent increase over sales of $132.02 million the same period last year.
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Rob Beck, President and Chief Executive Officer, and other members of the executive team are expected to absorb Schachtel's responsibilities post-departure.