Welcome to our dedicated page for REGIONAL MANAGEMENT news (Ticker: RM), a resource for investors and traders seeking the latest updates and insights on REGIONAL MANAGEMENT stock.
Regional Management Corp. (symbol: RM) is a leading consumer finance company in the United States, established in 1987. The company specializes in providing installment loan products to individuals with limited access to traditional consumer credit from banks, thrifts, credit card companies, and other lenders. With a focus on customer-centric services, Regional Management Corp. offers both small and large installment loans, along with optional payment and collateral protection insurance. The company's primary revenue comes from interest and fee income on outstanding loans.
Regional Management Corp. takes immense pride in its commitment to quality customer service and has built a strong reputation for putting its customers first. The company’s success is largely attributed to its dedicated employees who are integral to its operations. There are ample opportunities for career advancement within the company, making it an attractive workplace for those who are hardworking and diligent.
Recent achievements and ongoing projects at Regional Management Corp. include expanding their range of financial products and enhancing customer service technologies to provide an even better customer experience. The company continues to grow steadily, reflecting its robust financial health and strategic partnerships. By focusing on community needs, Regional Management Corp. not only aims to improve the financial well-being of its customers but also contributes positively to the broader economic landscape.
Stay updated with the latest news and developments about Regional Management Corp. to keep track of their performance, new projects, and financial reports.
Regional Management Corp. (NYSE: RM) reported strong first quarter 2024 results with a net income of $15.2 million and diluted earnings per share of $1.56, an increase from $0.90 in the prior-year period. The company maintained a 30+ day delinquency rate of 7.1% with disciplined expense management and operating expense ratio of 13.7%. Revenue yield reached 32.8%, up by 80 basis points from the prior year, leading to record quarterly revenue of $144 million. Net finance receivables increased by $68.1 million to $1.7 billion, and total loan originations were $326.4 million, a 7.6% increase from the prior-year period. The provision for credit losses decreased by 2.6% to $46.4 million. The company declared a dividend of $0.30 per common share for the second quarter of 2024. Regional Management Corp. remains cautiously optimistic about the economy and credit performance while focusing on profitable growth and expense management.
FAQ
What is the current stock price of REGIONAL MANAGEMENT (RM)?
What is the market cap of REGIONAL MANAGEMENT (RM)?
What does Regional Management Corp. do?
When was Regional Management Corp. founded?
What types of loans does Regional Management Corp. offer?
What is the primary source of revenue for Regional Management Corp.?
What makes Regional Management Corp. different from other lenders?
How does Regional Management Corp. support its employees?
How is Regional Management Corp. performing financially?
What recent projects is Regional Management Corp. involved in?
How does Regional Management Corp. contribute to the community?
Where can I find the latest news about Regional Management Corp.?
