Regional Management (NYSE:RM) Azioni

Regional Mgmt

Regional Management

Regional Management Corp is a diversified consumer finance company that provides installment loan products to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. It is engaged in consumer finance. The company has the core products which are small and large installment loans. The company also offers optional payment and collateral protection insurance. The company's principal source of revenue is interest and fee income on outstanding loans.

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The earnings results for Regional Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RM#NYSE">RM</a>) for Q4 were made public on Wednesday, February 5, 2025 at 04:15 PM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
Regional Mgmt beat estimated earnings by 10.0%, reporting an EPS of $0.98 versus an estimate of $0.89.
Revenue was up $13.17 million from the same period last year.
<h3>Performance in Previous Earnings</h3>
The company missed on EPS by $0.29 in the previous quarter, leading to a 6.0% drop share price change the next day.
Here's a look at Regional Mgmt's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.05</td>
<td>0.58</td>
<td>0.88</td>
<td>0.43</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.76</td>
<td>0.86</td>
<td>1.56</td>
<td>0.54</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>144.37M</td>
<td>138.83M</td>
<td>139.58M</td>
<td>141.95M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>146.34M</td>
<td>143.03M</td>
<td>144.31M</td>
<td>141.66M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Regional Mgmt <a href="https://www.benzinga.com/quote/RM/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Earnings Summary: Regional Mgmt Q4

Regional Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RM#NYSE">RM</a>) released its Q4 earnings on Wednesday, February 5, 2025 at 04:15 PM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
Regional Mgmt beat estimated earnings by 10.0%, reporting an EPS of $0.98 versus an estimate of $0.89.
Revenue was up $13.17 million from the same period last year.
<h3>Past Earnings Performance</h3>
In the previous quarter, the company missed on EPS by $0.29, resulting in a 6.0% drop change in the share price the following day.
Here's a look at Regional Mgmt's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.05</td>
<td>0.58</td>
<td>0.88</td>
<td>0.43</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.76</td>
<td>0.86</td>
<td>1.56</td>
<td>0.54</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>144.37M</td>
<td>138.83M</td>
<td>139.58M</td>
<td>141.95M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>146.34M</td>
<td>143.03M</td>
<td>144.31M</td>
<td>141.66M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Regional Mgmt <a href="https://www.benzinga.com/quote/RM/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Regional Mgmt Earnings Report: Q4 Overview

The Q4 earnings report for Regional Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RM#NYSE">RM</a>) was released on Wednesday, February 5, 2025 at 04:15 PM.
Here's what investors need to know about the latest announcement.
<h3>Earnings</h3>
Regional Mgmt beat estimated earnings by 10.0%, reporting an EPS of $0.98 versus an estimate of $0.89.
Revenue was up $13.17 million from the same period last year.
<h3>Overview of Past Earnings</h3>
The company missed on EPS by $0.29 in the last quarter, resulting in a 6.0% drop share price change the following day.
Here's a look at Regional Mgmt's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.05</td>
<td>0.58</td>
<td>0.88</td>
<td>0.43</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.76</td>
<td>0.86</td>
<td>1.56</td>
<td>0.54</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>144.37M</td>
<td>138.83M</td>
<td>139.58M</td>
<td>141.95M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>146.34M</td>
<td>143.03M</td>
<td>144.31M</td>
<td>141.66M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Regional Mgmt <a href="https://www.benzinga.com/quote/RM/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Regional Mgmt Q4 Earnings Report: What Investors Need to Know

Regional Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RM#NYSE">RM</a>) released its Q4 earnings on Wednesday, February 5, 2025 at 04:15 PM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
Regional Mgmt beat estimated earnings by 10.0%, reporting an EPS of $0.98 versus an estimate of $0.89.
Revenue was up $13.17 million from the same period last year.
<h3>Past Earnings Performance</h3>
The company missed on EPS by $0.29 in the last quarter, resulting in a 6.0% drop share price change the following day.
Here's a look at Regional Mgmt's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.05</td>
<td>0.58</td>
<td>0.88</td>
<td>0.43</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.76</td>
<td>0.86</td>
<td>1.56</td>
<td>0.54</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>144.37M</td>
<td>138.83M</td>
<td>139.58M</td>
<td>141.95M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>146.34M</td>
<td>143.03M</td>
<td>144.31M</td>
<td>141.66M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Regional Mgmt <a href="https://www.benzinga.com/quote/RM/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Regional Mgmt Q4 Earnings Summary & Key Takeaways

The earnings results for Regional Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RM#NYSE">RM</a>) for Q4 were made public on Wednesday, February 5, 2025 at 04:15 PM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
Regional Mgmt beat estimated earnings by 10.0%, reporting an EPS of $0.98 versus an estimate of $0.89.
Revenue was up $13.17 million from the same period last year.
<h3>Earnings History Overview</h3>
In the previous quarter, the company missed on EPS by $0.29, resulting in a 6.0% drop change in the share price the following day.
Here's a look at Regional Mgmt's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.05</td>
<td>0.58</td>
<td>0.88</td>
<td>0.43</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.76</td>
<td>0.86</td>
<td>1.56</td>
<td>0.54</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>144.37M</td>
<td>138.83M</td>
<td>139.58M</td>
<td>141.95M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>146.34M</td>
<td>143.03M</td>
<td>144.31M</td>
<td>141.66M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Regional Mgmt <a href="https://www.benzinga.com/quote/RM/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into Regional Mgmt Q4 Earnings

Regional Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RM#NYSE">RM</a>) reported quarterly earnings of $0.98 per share which beat the analyst consensus estimate of $0.89 by 10.11 percent. This is a 81.48 percent increase over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $154.83 million which beat the analyst consensus estimate of $150.87 million by 2.63 percent. This is a 9.30 percent increase over sales of $141.66 million the same period last year.

Earnings Beats

News

Regional Mgmt Q4 GAAP EPS $0.98 Beats $0.89 Estimate, Sales $154.83M Beat $150.87M Estimate

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Earnings Scheduled For February 5, 2025

U.S. stock futures were slightly lower this morning, with the Dow futures falling around 0.1% on Friday.
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Pricesmart posted quarterly GAAP EPS of $1.21, missing market estimates of $1.31.
PriceSmart shares fell 3.3% to $90.40 &nbsp;in the pre-market trading session.
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<li>Natwest Group PLC – ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWG#NYSE">NWG</a>) fell 5.5% to $9.30 in pre-market trading.</li>
<li>Regional Management Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RM#NYSE">RM</a>) declined 4.8% to $31.20 in pre-market trading. Regional Management will report fourth quarter results on Wednesday, Feb. 5.</li>
<li>Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) fell 2.8% to $80.70 in pre-market trading. Roku shares surged over 6% on Wednesday after the company reported surpassing 90 million streaming households in the first week of January 2025.</li>
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<a href="https://www.yna.co.kr/view/AKR20241204015800001?input=tw" title="https://www.yna.co.kr/view/AKR20241204015800001?input=tw">https://www.yna.co.kr/view/AKR20241204015800001?input=tw</a>

WIIM

Regional Management shares are trading higher after the company announced a $30 million stock repurchase program.

Guidance

Regional Management Corp. Expects Ending Net Receivables To Grow By 10%-12% In 2025, Up From A Roughly 6% Growth Rate In 2024; Will Continue To Open A Total Of 10 New Branches In Q4 2024 And Q1 2025, And Add Up To Another 10 New Branches In The Second Half Of 2025

Buybacks

Regional Management.Announces $30M Stock Repurchase Program And Growth Outlook

Regional Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RM#NYSE">RM</a>) reported quarterly earnings of $0.76 per share which missed the analyst consensus estimate of $1.05 by 27.62 percent. The company reported quarterly sales of $146.338 million which beat the analyst consensus estimate of $144.375 million by 1.36 percent. This is a 3.88 percent increase over sales of $140.878 million the same period last year.

Earnings Misses

Regional Mgmt Q3 2024 GAAP EPS $0.76 Misses $1.05 Estimate, Sales $146.338M Beat $144.375M Estimate

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What Happened: Banking executives at a recent Barclays conference in New York noted how delinquencies are on the rise, the Wall Street Journal <a href="https://www.wsj.com/finance/americans-credit-debt-spending-interest-rates-f3836f23">reported</a>.
The average interest rate on a credit card as of May was 21.51%, up from around 15% in 2019, Federal Reserve data shows.
About 9.1% of credit card balances turned delinquent over the past 12 months to mark the highest rate in over a decade, according to an August report from the Federal Reserve Bank of New York.
"What that tells you is if people do get behind on their payments in this environment, it's tougher to get out of them," TD Cowen analyst Moshe Orenbuch said.
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Why It Matters: Bread Financial, a credit card company that serves lower-income borrowers, said it expects higher charge-off rates — balances that banks write off as a result of lack of payments — this year.
Late payments and charge-offs on auto loans were higher than expected in July and August as borrowers grapple with the cost of living and a worsening labor market, Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) CFO Russ Hutchinson said.
This worried investors because car payments are usually the last bills to go delinquent because cars are needed for transportation.
The average interest rate on a 60-month loan for a new car was 8.2% as of May, according to Fed data, up from 5.3% in 2019.&nbsp;
Over the past year, roughly 8% of auto loans turned delinquent, according to the New York Fed, the highest rate in over a decade. 
Price Action: Consumer-lending companies trended upward into Tuesday&#8217;s early afternoon trading.
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<li>Enova International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) rose 3.48% to $83.32</li>
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<li>Regional Management Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RM#NYSE">RM</a>) went up 2.4% to $33.25</li>
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Car-loan providers also rose on Tuesday.
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Image: Shutterstock

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Shares of Regional Management Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rm#NYSE">RM</a>) 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 of 86 cents, which beat the Zacks Consensus Estimate by 45.8%. The bottom line increased 36.5% year over year.
RM&#39;s total revenues climbed 7.1% year over year to $143 million. The top line missed the consensus mark by only 0.1%.
<div class="chart_embed">
<h3>Regional Management Corp. Price, Consensus and EPS Surprise</h3>
<img alt="Regional Management Corp. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/e8/1723643109.png" style="border-style:solid; border-width:1px; height:310px; width:600px" title="" />
Regional Management Corp. price-consensus-eps-surprise-chart | Regional Management Corp. Quote
</div>
<h3>Operational Update</h3>
Interest and fee income increased 8.3% year over year to $127.9 million, which beat the Zacks Consensus Estimate by 0.5%. Net insurance income of $10.5 million fell 6.2% in the second quarter and missed the consensus mark by 8.6%. Other income of $4.6 million grew 10.1% year over year but missed the consensus mark by 4.4%.
Provision for credit losses rose by 2.4% year over year to $53.8 million.
Total general and administrative expenses rose by 5.7% in the second quarter to $60.1 million due to higher personnel, marketing and other costs. The efficiency ratio, which depicts the general and administrative expenses as a percentage of revenues, was at 42% in the second quarter, down from 42.6% a year ago. It was much lower than the Zacks Consensus Estimate of 43.1%. Interest expenses increased 10.1% year over year to $17.9 million in the quarter under review.
Regional Management recorded a net income of $8.4 million in the second quarter of 2024 compared to a net income of $6 million a year ago.
At the end of the second quarter, net finance receivables were at $1.8 billion, up 5% from a year ago. While small loans rose 13.7% year over year to $505.6 million, large loans jumped 2.3% to $1.3 billion. It had 343 branches at the second-quarter end, with net finance receivables per branch at $5.2 million, up 6.2% year over year. This indicates rising efficiency in its branches.
The company recorded total loan originations of $426.1 million during the June quarter, which rose 6.8% year over year because of controlled growth from credit-tightening actions.
<h3>Financial Position (as of Jun 30, 2024)</h3>
Regional Management exited the second quarter with total assets of $1.79 billion, almost flat from 2023-end. The cash amount fell to $4.3 million from $4.5 million at 2023-end.
Net debt fell from $1.399 billion at 2023-end to $1.378 billion. Total liabilities of $1.44 billion at the second-quarter end were lower than $1.47 billion at 2023 end. Total shareholders&#39; equity rose from $322.3 million at 2023-end to $344.9 million.
<h3>Dividend Update</h3>
For the third quarter of 2024, Regional Management announced a dividend of 30 cents per share, which will be paid on Sep 12 &nbsp;to shareholders of record as of Aug 21.
<h3>Future View</h3>
The company expects to improve credit losses in the second half of 2024. It will boost investments in strategic initiatives and portfolio growth. It plans to open 10 new branch locations by the year-end.
Ending Net Finance Receivables are expected to grow around 6% in 2024, while the third quarter is likely to see a growth of $48 million. It expects general and administrative expenses for 2024 to be around $250 million, up from $243.1 million in 2023. For the third quarter, the metric is expected to be around $64.5 million.
RM foresees about 60-70 basis points year-over-year growth in total revenue yield for 2024. It anticipates the effective tax rate to be within 24-25% for the full year. The company expects a full-year 2024 net income within the $41-$44 million range.
<h3>Zacks Rank &amp; Key Picks</h3>
Regional Management currently has a Zacks Rank #3 (Hold).
Investors interested in the broader&nbsp;Finance space may look at some better-ranked players like Jackson Financial Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jxn#NYSE">JXN</a>), WisdomTree, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wt#NYSE">WT</a>) and&nbsp;HIVE Digital Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hive#NASDAQ">HIVE</a>). While Jackson Financial currently sports a Zacks Rank #1 (Strong Buy), WisdomTree and HIVE Digital carry a Zacks Rank #2 (Buy) each.
The Zacks Consensus Estimate for Jackson Financial&#39;s current-year earnings is pegged at $18.49 per share, which indicates 44% year-over-year growth. It witnessed two upward estimate revisions in the past 30 days against no downward movement. The consensus mark for JXN&#39;s current year revenues suggests a 116.7% surge from a year ago.
The Zacks Consensus Estimate for WisdomTree&#39;s 2024 earnings indicates 64.9% year-over-year growth. During the past month, WT has witnessed three upward estimate revisions against none in the opposite direction. It beat earnings estimates twice in the past four quarters and met on the other occasions, with an average surprise of 5.9%.
The Zacks Consensus Estimate for HIVE Digital&#39;s current-year earnings suggests a 34.6% year-over-year improvement. During the past month, HIVE has witnessed one upward estimate revision against none in the opposite direction. The consensus mark for current-year revenues is pegged at $127.2 million, indicating an 11.1% increase from a year ago.
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BENZINGA NEL MONDO