Regional Management(RM)

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Regional Management(RM) - 2024 Q4 - Annual Results
2025-02-05 21:19
Execution Version Second Amendment to Credit Agreement and Consent This Second Amendment to Credit Agreement and Consent, dated as of January 31, 2025 (this "Amendment"), is entered into by and among Regional Management Receivables VI, LLC, a Delaware limited liability company (the "Borrower"), Regional Management Corp., a Delaware corporation, as servicer (the "Servicer"), the Lenders party hereto, and Regions Bank ("Regions"), as administrative agent (the "Administrative Agent"). Capitalized terms used an ...
Regional Management Unveils $30M Buyback Plan & Growth Targets
ZACKS· 2024-12-03 21:01
Regional Management Corp. (RM) recently launched a $30 million stock buyback program authorized by its board of directors. The company aims to opportunistically repurchase shares when it believes the stock is undervalued, leveraging its financial position and liquidity.The buyback program is effective immediately and will run through Dec. 31, 2026. It reflects the company’s confidence in its financial health and aims to enhance shareholder value. Earlier, Regional Management announced a dividend of 30 cents ...
Regional Management Announces $30M Stock Buyback Plan, '25 Growth View
ZACKS· 2024-12-03 17:30
Regional Management Corp. (RM) announced the launch of a stock repurchase program. It has also outlined growth expectations for 2025.Details of RM’s Share Repurchase ProgramThe company’s board of directors authorized a stock repurchase program for its outstanding common stock worth up to $30 million. The authorization is effective immediately and will continue through Dec. 31, 2026.The timing and volume of the repurchases under the stock buyback program will depend on various factors, including market condi ...
Regional Management Shares Plunge 9.3% Despite Q3 Earnings Beat
ZACKS· 2024-11-13 18:35
Shares of Regional Management Corp. (RM) have lost 9.3% since it reported third-quarter 2024 results on Nov. 6, after the closing bell. Despite an earnings beat, investors might be concerned about the impact of Hurricane Helene and rising provision for credit losses on the company’s earnings. Higher interest and fee income and net financial receivables partially offset the negatives.It reported third-quarter 2024 adjusted earnings per share (EPS) of $1.18, which beat the Zacks Consensus Estimate by 12.4%. T ...
Are Investors Undervaluing Regional Management (RM) Right Now?
ZACKS· 2024-11-08 15:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...
Regional Management (RM) Q3 Earnings Top Estimates
ZACKS· 2024-11-07 00:30
Regional Management (RM) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.38%. A quarter ago, it was expected that this financial services company would post earnings of $0.59 per share when it actually produced earnings of $0.86, delivering a surprise of 45.76%.Over the last four q ...
Regional Management(RM) - 2024 Q3 - Quarterly Results
2024-11-06 21:22
Exhibit 99.1 Regional Management Corp. Announces Third Quarter 2024 Results - 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 ...
Regional Management Stock Rises 16% in a Month: Should You Buy?
ZACKS· 2024-09-03 16:51
Regional Management Corp. (RM) shares have jumped 15.9% in the past month, outperforming the industry's return of 11% and the S&P 500 Index's rise of 8.7%. Improving credit performance and growth in small loan portfolios appear to have catalyzed this bullishness. Currently priced at $33.53, the stock is just 1.8% below its 52-week high of $34.15. This proximity underscores investor confidence and market optimism about this consumer finance company's prospects. It has the ingredients for further price apprec ...
Regional Management (RM) Declines 2.5% Despite Q2 Earnings Beat
ZACKS· 2024-08-14 16:51
Shares of Regional Management Corp. (RM) have declined 2.5% since it reported second-quarter 2024 results on Jul 31, after the closing bell. The strong second-quarter earnings were supported by an increase in interest and fee income and improved efficiency in its branches. However, the positives were partly offset by higher expenses and lower insurance income. It reported second-quarter 2024 adjusted earnings per share (EPS) of 86 cents, which beat the Zacks Consensus Estimate by 45.8%. The bottom line incr ...
Regional Management (RM) Q2 Earnings Top Estimates
ZACKS· 2024-08-01 00:15
Regional Management (RM) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 45.76%. A quarter ago, it was expected that this financial services company would post earnings of $0.87 per share when it actually produced earnings of $1.56, delivering a surprise of 79.31%. Over the last four ...