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Mar 31, 2021
Regional Management Q1 2021 Earnings Report
Reported record net income and diluted earnings per share.
Key Takeaways
Regional Management Corp. announced strong first-quarter results, with record net income of $25.5 million and diluted earnings per share of $2.31. The company's growth initiatives and superior credit profile drove strong revenue performance and allowed for the release of allowance for credit losses. The company also raised its quarterly cash dividend by 25% and announced a new $30 million stock repurchase program.
Net income for the first quarter of 2021 was $25.5 million and diluted earnings per share was $2.31.
Net finance receivables as of March 31, 2021 were $1.1 billion, an increase of 0.3% from the prior-year period.
Total revenue for the first quarter of 2021 was $97.7 million, an increase of 1.7% from the prior-year period.
The company's Board of Directors has declared a dividend of $0.25 per common share for the second quarter of 2021.
Revenue by Segment
Forward Guidance
The company expects to open 15 to 20 net new branches during the full year 2021, subject to the economic environment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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