TORONTO, ON / ACCESS Newswire / December 19, 2025 / Roxmore Resources Inc. (formerly, Axcap Ventures Inc.) (CSE:RM)(OTCQX:GARLF) ("Roxmore") is pleased to announce that its common shares have begun trading today on the OTCQX® Best Market under the symbol 'GARLF'. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investor ...

Group 1 - Axcap Ventures Inc. has completed a Change of Business and a consolidation of shares at a ratio of one post-consolidated common share for every ten pre-consolidated common shares [1][2][3] - The company will change its name and trading symbol to Roxmore Resources Inc. with the new symbol being RM [1][4] - The effective trading date for the new shares will be November 20, 2025, and the number of outstanding shares will be reduced to approximately 49,364,356 common shares [2][3][4] Group 2 - All open orders will be canceled at the end of business on November 19, 2025, and dealers are reminded to re-enter their orders [2][3]

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Branch and Account Information - As of September 30, 2025, the company operates 349 branch locations across 19 states, serving 585,400 active accounts[119] - The number of branches grew to 349, an increase of 9 branches, or 2.6%, from 340 branches in the previous year[154] - Net finance receivables per branch increased by $531, or 9.9%, to $5,883 thousand as of September 30, 2025, from $5,352 thousand in the previous year[154] Loan Portfolio and Originations - The loan portfolio includes 280.4 thousand large installment loans totaling $1.5 billion and 305.0 thousand small installment loans totaling $540.9 million[127] - Total originations rose to $522.3 million during the three months ended September 30, 2025, up from $426.2 million in the prior-year period, representing a 22.5% year-over-year increase[158] - Total originations grew to $1.4 billion, up 20.9% from $1.18 billion in the prior year, with large loans increasing by 36.1% to $941.3 million[180] - Large loans increased by $218,730 thousand, or 16.9%, to $1,512,140 thousand as of September 30, 2025, compared to $1,293,410 thousand in the prior year[154] - Large loans increased by 9.9% year-over-year to $1.39 billion, while small loans rose by 8.6% to $543.4 million, resulting in a total receivables balance of $1.93 billion, a 9.5% increase[180] Financial Performance - Net income increased by $6.7 million, or 87.3%, to $14.4 million for the three months ended September 30, 2025, compared to $7.7 million in the prior-year period[155] - Total revenue rose by $19.1 million, or 13.1%, to $165.5 million for the three months ended September 30, 2025, from $146.3 million in the same period last year[156] - Total revenue increased by $42.2 million, or 9.7%, to $475.9 million during the nine months ended September 30, 2025, compared to $433.7 million in the prior-year period[178] - Interest and fee income increased by $14.7 million, or 11.0%, to $148.7 million for the three months ended September 30, 2025, driven by an 11.6% rise in average net finance receivables[157] Credit Losses and Allowance - The allowance for credit losses was 10.3% of net finance receivables as of September 30, 2025[123] - Provision for credit losses increased by $6.1 million, or 11.3%, to $60.5 million during the three months ended September 30, 2025, from $54.3 million in the prior-year period[163] - Net credit losses rose by $3.6 million, or 7.6%, to $51.3 million during the three months ended September 30, 2025, with a net credit loss rate of 10.2%[165] - The allowance for credit losses as a percentage of net finance receivables decreased to 10.3% as of September 30, 2025, from 10.6% a year earlier[164] - Net credit losses increased by 11.1% to $166.6 million, with a net credit loss rate of 11.5% compared to 11.3% in the prior year[186] Expenses and Efficiency - General and administrative expenses increased by $1.6 million, or 2.6%, to $64.1 million during the three months ended September 30, 2025[169] - General and administrative expenses increased by 5.5% to $193.1 million, with personnel expenses rising by 5.3% to $119.2 million[188][189] - Interest expense increased by $2.6 million, or 13.5%, to $22.0 million during the three months ended September 30, 2025, primarily due to a rise in the cost of funds[175] - Interest expense increased by 13.6% to $62.2 million, primarily due to a rise in the cost of funds to 4.3%[194] - The efficiency ratio improved to 38.7% for the three months ended September 30, 2025, down from 42.7% in the prior quarter[152] - The operating expense ratio decreased to 12.8% during the three months ended September 30, 2025, from 13.9% in the prior-year period[174] Liquidity and Cash Flow - The company had $155.4 million of available liquidity and $399.8 million of unused capacity on revolving credit facilities as of September 30, 2025[124] - Cash and cash equivalents slightly increased to $4.1 million, with available drawdown from revolving credit facilities at $151.3 million[197] - Net cash provided by operating activities increased to $229.0 million for the nine months ended September 30, 2025, up from $205.1 million in the prior-year period, representing a net increase of $23.9 million[203] - Net cash used in investing activities rose to $328.0 million, compared to $196.4 million in the prior-year period, reflecting a net increase of $131.6 million primarily due to increased loan originations[204] - Net cash provided by financing activities was $71.9 million, a significant increase of $89.0 million from a net cash used of $17.0 million in the prior-year period, driven by a $107.4 million increase in net advances on debt instruments[205] Debt and Compliance - As of September 30, 2025, the company had five credit facilities outstanding, with total debt balances amounting to $382.4 million across various facilities[208] - The company was in compliance with all debt covenants as of September 30, 2025[207] - The majority of funding was held at a fixed rate, representing 76% of total debt as of September 30, 2025[133] - As of September 30, 2025, 76% of the company's debt was fixed-rate, with an increase of 100 basis points in rates potentially resulting in approximately $3.8 million of increased annual interest expense[220] Economic Factors and Sensitivity - The allowance for credit losses is based on historical credit experience and current economic forecasts, with macroeconomic factors such as unemployment rates being critical in estimating expected credit losses[215] - A 10% increase in weighting towards slower near-term growth would have increased reserves by $1.8 million as of September 30, 2025, demonstrating macroeconomic sensitivity[217] - Seasonal trends affect loan volume and delinquency, with demand typically highest in the second, third, and fourth quarters[125] Insurance Income - Insurance income, net increased by $4.0 million, or 53.5%, to $11.4 million during the three months ended September 30, 2025, compared to $7.4 million in the prior-year period[160] - Insurance income, net rose by 18.3% to $34.2 million, driven by a $5.3 million increase compared to the previous year[181] Delinquency Rates - The delinquency rate was reported at 7.0% for the three months ended September 30, 2025, a slight increase of 0.1% year-over-year[152] - Delinquency rate rose to 7.0%, up from 6.9% in the previous year, influenced by prior-year hurricane assistance programs[187]

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分组1 - Regional Management reported quarterly earnings of $1.42 per share, missing the Zacks Consensus Estimate of $1.46 per share, but showing an increase from $1.18 per share a year ago, resulting in an earnings surprise of -2.74% [1] - The company posted revenues of $165.49 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.34% and increasing from $146.34 million year-over-year [2] - Regional Management has outperformed the S&P 500, with shares increasing about 16.1% since the beginning of the year compared to the S&P 500's gain of 15.1% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $1.33 on revenues of $169.96 million, and for the current fiscal year, it is $4.52 on revenues of $643.67 million [7] - The Zacks Industry Rank for Financial - Consumer Loans is in the top 38% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Another company in the same industry, Ezcorp, is expected to report quarterly earnings of $0.29 per share, reflecting a year-over-year change of +11.5% [9]

Financial Data and Key Metrics Changes - The company reported net income of $14.4 million and diluted earnings per share of $1.42, an improvement of 87% year over year [4][5] - Total revenue reached a record high of $165 million, up 13% year over year [15][16] - The operating expense ratio improved to 12.8%, marking an all-time best [9][10] Business Line Data and Key Metrics Changes - The portfolio grew by $93 million sequentially, surpassing $2 billion in net receivables for the first time [4][5] - Total originations in the third quarter reached a record high of $522 million, up 23% from the prior year [14][15] - Auto-secured loans grew by $80 million, or 41% year over year, representing 13.4% of the portfolio [11][12] Market Data and Key Metrics Changes - The 30-plus-day delinquency rate was 7%, a slight increase of 10 basis points year over year, but improved by 30 basis points when adjusted for prior year hurricane impacts [8][16] - The net credit loss rate improved to 7.2%, a 170 basis point improvement sequentially and a 40 basis point improvement year over year [8][16] Company Strategy and Development Direction - The company plans to open five new branches before year-end and another 5-10 in the first half of 2026, with potential entry into one to two new states [10][12] - The Barbell strategy focusing on growth and higher-quality auto-secured loans continues to be effective [10][11] - Investments in technology and data analytics are aimed at improving customer experience and operational efficiency [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in consumer health and the company's ability to grow responsibly while maintaining a tight credit box [5][6] - For 2025, the company forecasts full-year net income of $43.5 million, with growth dependent on macroeconomic conditions [12][13] - The board approved an increase in the stock repurchase program from $30 million to $60 million, indicating a strong balance sheet [13][19] Other Important Information - The company announced the retirement of its President and CEO, Rob Beck, with Lockbier Lomba set to succeed him [4][22] - The company has returned an aggregate of $26 million in capital to shareholders through stock repurchases and dividends [9][19] Q&A Session Summary Question: What is driving the acceleration in same-store sales? - Management noted strong momentum from digital channels and traditional renewal customers, allowing for selective customer choices within a tight credit box [24][25] Question: Any changes in product mix expected for 2026? - The company remains nimble and expects continued growth in auto-secured loans while adapting to economic conditions [27][28] Question: What factors contributed to the outperformance versus guidance? - Demand remained strong, and the company was able to meet that demand within its conservative risk box [39][40] Question: How is the marketing expense efficiency achieved? - The efficiency is attributed to new models that allow for optimized spending and customer selection, which management hopes will be sustainable [43][45]

Financial Performance - Net income increased by $67 million, representing an 873% YoY increase [13] - Total revenue reached a record of $1655 million, a 131% YoY growth [13] - The operating expense ratio improved to a historic best of 128%, a 110 bps YoY improvement [8, 13] - Diluted earnings per share increased by 868% YoY, reaching $142 [9, 12] - Return on equity (ROE) increased by 690 bps YoY to 156%, and return on assets (ROA) increased by 120 bps YoY to 29% [9, 12] Portfolio Growth and Origination - Ending net finance receivables (ENR) achieved a milestone of $21 billion, with a sequential growth of $93 million and a YoY increase of $233 million [8] - Origination volume increased by $96 million, a 225% YoY increase, reaching $522 million [8] - The auto-secured portfolio grew by $80 million, a 406% YoY increase, reaching $275 million [8] - New branches opened since 3Q 24 contributed $524 million, or 224%, to the $2333 million YoY portfolio growth [22] Credit Quality - The 30+ days past due (DQ) percentage improved by 30 bps YoY after adjusting for the 3Q 24 hurricane impact, reaching 70% [8] - The net credit loss rate improved by 40 bps YoY, reaching 102% [8] - Allowance for credit losses increased by $92 million due to portfolio growth, with the allowance for credit loss rate remaining consistent sequentially at 103% [36] Funding and Capital Management - Fixed-rate debt represented 76% of total debt, with a weighted-average coupon (WAC) of 46% [9] - Unused capacity stood at $400 million, providing substantial bandwidth to fund growth [9] - Capital returned to stockholders YTD totaled $26 million, and stockholders' equity increased by $15 million YTD [9]

Financial Performance - Net income for Q3 2025 was $14.4 million, with diluted EPS of $1.42, reflecting an 87% year-over-year increase[3] - Total revenue reached a record $165.5 million, up $19.1 million or 13.1% from the prior year, driven by strong performance in net finance receivables[6] - Total revenue for Q3 2025 was $165,487,000, representing a 13.1% increase from $146,338,000 in Q3 2024[26] - Net income for Q3 2025 reached $14,356,000, an 87.3% increase compared to $7,663,000 in Q3 2024[26] - Interest and fee income increased to $148,672,000 in Q3 2025, up 11.0% from $133,932,000 in Q3 2024[26] - The efficiency ratio improved to 38.7% in Q3 25, down from 42.7% in Q3 24, indicating better cost management[36] - Basic net income per common share increased to $1.53 in Q3 2025, a 93.7% rise from $0.79 in Q3 2024[26] Assets and Liabilities - Total assets grew to $2,028,266,000 in Q3 2025, an increase of 11.3% from $1,821,831,000 in Q3 2024[28] - Total liabilities rose to $1,656,348,000 in Q3 2025, reflecting a 12.8% increase from $1,468,903,000 in Q3 2024[28] - Stockholders' equity increased to $371,918,000 in Q3 2025, a 5.4% increase from $352,928,000 in Q3 2024[28] Finance Receivables - Net finance receivables as of September 30, 2025, were $2.1 billion, an increase of $233.3 million or 12.8% year-over-year[6] - Net finance receivables increased by 12.8% to $2,053,017,000 in Q3 2025 from $1,819,756,000 in Q3 2024[28] - Total net finance receivables reached $2,053.01 million in Q3 25, an increase of $92.65 million or 4.7% QoQ, and $233.26 million or 12.8% YoY[30] - Average net finance receivables for YTD 25 increased to $1,934,872 million, a growth of $168,001 million or 9.5% compared to YTD 24[39] Credit Losses and Delinquency - The net credit loss rate improved by 40 basis points year-over-year to 10.2%[4] - Net credit losses were $51.27 million in Q3 25, down from $56.89 million in Q2 25, with an annualized percentage of average net finance receivables at 10.2%[34] - The provision for credit losses decreased by 11.3% to $60,474,000 in Q3 2025 from $54,349,000 in Q3 2024[26] - The provision for credit losses in YTD 25 was $179,053 million, up from $154,574 million in YTD 24, representing an increase of 15.7%[41] - The net credit loss rate for YTD 25 was 11.5%, slightly up from 11.3% in YTD 24[41] - Total delinquency rate was 7.0% in Q3 25, up from 6.6% in Q2 25 and 6.9% in Q3 24[35] - The delinquency rate for Q3 25 was 7.0%, a slight increase of 0.1% year-over-year[36] Growth and Expansion - Total originations for the quarter were $522.3 million, representing a 22.5% increase from the prior year[6] - The company plans to open additional branches in Louisiana and California before year-end and enter one to two new states in 2026[5] - Large loans increased to $1,512.14 million in Q3 25, up $98.77 million or 7.0% QoQ, and up $218.73 million or 16.9% YoY[30] - Large loans originated amounted to $363.06 million in Q3 25, up $26.58 million or 7.9% QoQ, and up $111.49 million or 44.3% YoY[33] - Large loans originated in YTD 25 totaled $941,337 million, a significant increase of 36.1% compared to YTD 24[40] Operational Efficiency - General and administrative expenses for Q3 2025 were $64.1 million, with an operating expense ratio of 12.8%, an all-time best[11] - Customer accounts improved by 5.0% year-over-year, indicating healthy consumer demand[6] - The funded debt-to-tangible equity ratio was reported at 4.6x for Q3 25, indicating the company's leverage position[44] - Book value per share increased to $37.94, up by $3.22 year-over-year[38]

Core Points - Regional Management Corp. announced the retirement of its President, CEO, and Director, Robert W. Beck, effective June 30, 2026, with Lakhbir Lamba appointed as his successor starting November 10, 2025 [1][3] - Lamba brings nearly 30 years of experience in consumer lending and financial services, having previously served as Executive Vice President at PNC Financial Services Group, managing a $32 billion portfolio [2][3] - The transition aims to ensure continuity in leadership and maintain the company's growth strategy, with Lamba expressing commitment to expanding the geographic footprint and leveraging technology for profitability [3] Company Overview - Regional Management Corp. is a diversified consumer finance company providing installment loan products primarily to customers with limited access to traditional credit [5] - The company operates under the name "Regional Finance" in 19 states across the U.S., offering secured loan products structured on a fixed-rate, fixed-term basis [5]