Regional Management Corp. Announces Stock Repurchase Program and Growth Outlook [Yahoo! Finance]
Regional Management Corp. (RM)
Last regional management corp. earnings: 2/25 04:05 pm
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regionalmanagement.com
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Source: Yahoo! Finance
"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 Board of Directors of a $30 million stock repurchase program. The program will enable us to be opportunistic in repurchasing our common stock at a time when we believe it to be undervalued." "In addition, we will allocate capital in 2025 to accelerate our portfolio growth," added Mr. Beck. "We expect our ending net receivables to grow by 10% to 12% in 2025, up from a roughly 6% growth rate in 2024. We are increasing our pace of growth due to our confidence in our
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News
- Investors in Regional Management (NYSE:RM) have unfortunately lost 35% over the last three years [Yahoo! Finance]Yahoo! Finance
- Regional Management Unveils $30M Buyback Plan & Growth Targets [Yahoo! Finance]Yahoo! Finance
- Regional Management Announces $30M Stock Buyback Plan, '25 Growth View [Yahoo! Finance]Yahoo! Finance
- Regional Management Corp. Announces Stock Repurchase Program and Growth OutlookBusiness Wire
- Regional Management Corp. Completes $250 Million Asset-Backed SecuritizationBusiness Wire
RM
Earnings
- 11/6/24 - Miss
RM
Sec Filings
- 12/12/24 - Form 4
- 12/11/24 - Form 144
- 12/11/24 - Form 8-K
- RM's page on the SEC website