Core Viewpoint - Roxmore Resources Inc. has commenced trading on the OTCQX Best Market under the symbol 'GARLF', enhancing its visibility and accessibility for U.S. investors [1][2]. Company Overview - Roxmore Resources Inc. is focused on developing the Converse Gold Project, which is the largest undeveloped gold deposit not owned by a major mining company in Nevada, USA [4]. - The Converse Gold Project contains 5.57 million ounces (Moz) of Measured and Indicated Mineral Resources and 0.42 Moz of Inferred Mineral Resources, with specific grades of 0.539 grams per tonne (g/t) Au for Measured and 0.487 g/t Au for Indicated resources [4]. Market Position - The upgrade to the OTCQX Market signifies a commitment to transparency and adherence to high financial standards, which is beneficial for attracting U.S. investors [2]. - Roxmore's common shares will continue to trade on the Canadian Securities Exchange (CSE) alongside the new OTCQX listing [3].

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]