Regional Management reports Q4 EPS (80c), consensus 43c

Reports Q4 revenue $141.659M, consensus $141.95M. “We took a series of actions in the fourth quarter to put the business back on a more normalized earnings trajectory for 2024, including strong first quarter profits,” said Robert Beck, President and Chief Executive Officer of Regional Management Corp. “While the fourth quarter actions resulted in a net loss of $7.6 million, our results came in better than our outlook when excluding the impact of these actions. Our quarterly revenue once again reached record levels from a combination of high-quality loan growth and strong total revenue yields that have been supported by our repricing actions and growth in our higher-margin, small loan portfolio. We also continue to tightly control our G&A expenses and cost of funds, with the latter benefiting from our portfolio of fixed-rate debt.”