Regional Management Corp   (RM)
Other Ticker:  
Price: $22.9300 $-0.31 -1.334%
Day's High: $23.34 Week Perf: 10.13 %
Day's Low: $ 22.31 30 Day Perf: -9.62 %
Volume (M): 25 52 Wk High: $ 34.60
Volume (M$): $ 580 52 Wk Avg: $26.90
Open: $23.00 52 Wk Low: $20.50

 Market Capitalization (Millions $) 221
 Shares Outstanding (Millions) 10
 Employees 1,421
 Revenues (TTM) (Millions $) 542
 Net Income (TTM) (Millions $) 26
 Cash Flow (TTM) (Millions $) 7
 Capital Exp. (TTM) (Millions $) 14

Regional Management Corp

Regional Management Corp. was incorporated in South Carolina on March 25, 1987, and converted into a Delaware corporation on August 23, 2011. We are a diversified specialty consumer finance company providing a broad array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. We began operations in 1987 with four branches in South Carolina and have expanded our branch network to 331 locations with approximately 349,300 active accounts primarily across Alabama, Georgia, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, and Virginia. Most of our loan products are secured and each is structured on a fixed rate, fixed term basis with fully amortizing equal monthly installment payments, repayable at any time without penalty. Our loans are sourced through our multiple channel platform that includes our branches, direct mail campaigns, independent and franchise automobile dealerships, online credit application networks, retailers, and our consumer website. We operate an integrated branch model in which nearly all loans, regardless of origination channel, are serviced through our branch network, providing us with frequent in-person contact with our customers, which we believe improves our credit performance and customer loyalty. Our goal is to consistently and soundly grow our finance receivables and manage our portfolio risk while providing our customers with attractive and easy-to-understand loan products that serve their varied financial needs.

We operate in the consumer finance industry serving the large population of non-prime and underbanked consumers who have limited access to credit from banks, thrifts, credit card companies, and other traditional lenders. According to the Federal Deposit Insurance Corporation (“FDIC”), there were approximately 51 million adults living in underbanked households in the United States in 2013, up from 43 million in 2009. While the number of non-prime consumers in the United States has grown, the supply of consumer credit to this demographic by traditional lenders has contracted. Following deregulation of the U.S. banking industry in the 1980s, many banks and finance companies that traditionally provided small denomination consumer credit refocused their businesses on larger loans with lower comparative origination costs and lower charge-off rates.

We believe the large number of potential customers in our target market, combined with the decline in available consumer credit, provides an attractive market opportunity for our diversified product offerings – installment lending, automobile lending, and retail lending.
Installment Lending. Installment lending to non-prime and underbanked consumers is one of the most highly fragmented sectors of the consumer finance industry. Providers of installment loans, such as Regional, generally offer loans with longer terms and lower interest rates than other alternatives available to underbanked consumers, such as title, payday, and pawn lenders.

Automobile Lending. Automobile finance comprises one of the largest consumer finance markets in the United States. The automobile loan sector is generally segmented by the credit characteristics of the borrower. Automobile loans are typically initiated or arranged through automobile dealers nationwide who rely on financing to drive their automobile sales.

Retail Lending. The retail industry represents a large consumer market in which retailers often do not provide their own financing, but instead partner with large banks and credit card companies that generally limit their lending activities to prime borrowers. As a result, non-prime customers often do not qualify for financing from these traditional lenders.

Grow Our Branch Network. We intend to continue growing the loan volume, revenue, and profitability of our existing branches, opening new branches within our existing geographic footprint, and expanding our operations into new states. Establishing local contact with our customers through the expansion of our branch network is key to our frequent-contact, relationship-driven lending model and is embodied in our marketing tagline: “Your Hometown Credit Source.”

Existing Branches – We intend to continue increasing same-store revenues by further building relationships in the communities in which we operate and capitalizing on opportunities to offer our customers new loan products as their credit profiles evolve. From 2011 to 2015, we opened or acquired 161 new branches, and we expect revenues at these branches will grow faster than our overall same-store revenue growth rate as they mature.

New Branches – We believe there is sufficient demand for consumer finance services to continue our pattern of new branch openings and branch acquisitions in the states where we currently operate, allowing us to capitalize on our existing infrastructure and experience in these markets. We also analyze detailed demographic and market data to identify favorable locations for new branches. Opening new branches allows us to generate direct lending in the branches, as well as to create new origination opportunities by establishing relationships with automobile dealerships and retailers in the community.

New States – We intend to explore opportunities for growth in several states outside of our existing geographic footprint that enjoy favorable operating environments, such as Kentucky, Louisiana, Mississippi, and Missouri. We do not expect to expand into states with unfavorable operating environments even if those states are demographically attractive for our business. In 2011, we opened our first branch in Oklahoma; in 2012, we opened our first branch in New Mexico; in 2013, we opened our first branch in Georgia; and in 2015, we opened our first branch in Virginia.

We also believe that the highly fragmented nature of the consumer finance industry and the evolving competitive, regulatory, and economic environment provide attractive opportunities for growth through acquisition.

Automobile Loans – We source our automobile loans through a network of dealers in our geographic footprint. We have hired dedicated marketing personnel to develop relationships with these dealers and to expand our automobile financing network. We will also seek to capture a larger percentage of the financing activity of dealers in our existing network by continuing to improve our relationships with dealers, maintaining the competitiveness of the products we offer, and reducing our response time to loan applications.

Retail Loans – Our retail loans are offered through a network of retailers. We intend to continue to grow our network of retailers by having our dedicated marketing personnel continue to solicit new retailers, obtain referrals through relationships with our existing retail partners, and to a lesser extent, reach retailers through trade shows, mail programs, and industry associations.

Online Sourcing – To serve customers who want to reach us over the Internet, we developed a new channel in late 2008 by making an online loan application available on our consumer website. We intend to continue to develop and expand our online marketing efforts and increase traffic to our consumer website through the use of tools such as search engine optimization and paid online advertising. At the end of 2015, we began testing an extension to our online functionality and will continue this effort in 2016.

   Company Address: 979 Batesville Road Greer 29651 SC
   Company Phone Number: 448-7000   Stock Exchange / Ticker: NYSE RM
   RM is expected to report next financial results on February 23, 2024.

Customers Net Income grew by RM's Customers Net Profit Margin grew to

14.88 %

23.36 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


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Business Update

Regional Management Corp. Navigates Executive Reshuffling Amid Revenue and Market Share Growth

Published Wed, Jan 3 2024 9:30 PM UTC

In a significant management shakeup, diversified consumer finance company, Regional Management Corp. (NYSE: RM), has announced the departure of its Chief Operating Officer (COO), John Schachtel. Rob Beck, the firm's President and Chief Executive Officer, along with the remainder of the executive team, is expected to assume Schachtel's responsibilities.The announcement has sp...

Regional Management Corp

Regional Management Corp Reports -14.15% Decrease in Earnings per Share for Financial Time-Frame Ending September 30th, 2023

Regional Management Corp, a diversified consumer finance company, has recently released its financial results for the third quarter ending September 30, 2023, and the numbers are looking impressive. Despite facing challenges in the Consumer Financial Services sectors, the company managed to prosper during this time, outperforming many of its competitors.
In the July to September 2023 period, Regional Management Corp announced an income per share of $0.91 and revenue of $133.48 million. While this may be a decrease compared to the previous fiscal period, where the company earned $1.06 EPS, it's worth noting that their revenue rose by an impressive 7.171%. This growth is particularly noteworthy given the difficult market conditions faced by other businesses in the same sector, grappling with diminishing orders and retracting revenue.


Regional Management Corp.: Robust Q3 Results Reflect Resilience in Challenging Economic Landscape

Published Wed, Nov 1 2023 8:15 PM UTC

I. Introduction
- Regional Management Corp. (NYSE: RM) announces solid financial results for Q3 2023.
- President and CEO, Robert W. Beck, attributes success to a high-quality portfolio, cost-effective management, and strong execution of core business strategies.
II. Financial Highlights
- Net income for Q3 2023 reached $8.8 million.
- Diluted earnin...

Regional Management Corp

Regional Management Corp Posts Stable Advance Amid Earnings Drop in Q2 2023, Registers Revenue Growth of 8.638%

Financial News Report: Regional Management Corp Q2 2023 Results and Share Performance
Regional Management Corp (RM), a leading consumer financial services company, announced its financial results for the April to June 2023 fiscal interval. RM reported earnings per share (EPS) of $0.63 and revenue of $135.38 million. While the company's revenue rose by 8.638% in the same period, its EPS plummeted by $0.63 per share compared to $1.24 EPS earned in the similar span the previous year.
This decline in RM's EPS may come as a surprise to many, as the overall consumer financial services sector experienced a reduction of -1.73% in their top-line revenues. Despite this, RM displayed revenue improvement during the April to June period.


Regional Management's Segments
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