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Stock impact report

Regional Management Corp. Announces Third Quarter 2024 Results

Regional Management Corp. (RM) 
Last regional management corp. earnings: 2/25 04:05 pm Check Earnings Report
US:NYSE Investor Relations: regionalmanagement.com
Company Research Source: Business Wire
- 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 - GREENVILLE, S.C.--(BUSINESS WIRE)--Regional Management Corp. (NYSE: RM), a diversified consumer finance company, today announced results for the third quarter ended September 30, 2024.“Our team once again delivered strong results in the third quarter, and our credit performance continues to improve,” said Robert W. Beck, Show less Read more
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