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Sep 30, 2020
Regional Management Q3 2020 Earnings Report
Announced third quarter 2020 results, demonstrating resilience and strategic execution amidst macroeconomic headwinds.
Key Takeaways
Regional Management Corp. reported a net income of $11.2 million and diluted earnings per share of $1.01 for the third quarter ended September 30, 2020. The company grew its loan portfolio by $37 million, maintained stable credit profile, and initiated a quarterly dividend of $0.20 per share along with a $30 million share repurchase program.
Net income was $11.2 million, with diluted earnings per share at $1.01.
Net finance receivables increased by $36.9 million quarter-over-quarter.
30+ day contractual delinquencies remained stable at 4.7% as of September 30, 2020.
A quarterly dividend of $0.20 per share was initiated, and a $30 million share repurchase program was authorized.
Revenue by Segment
Forward Guidance
Subject to the changing economic environment, the company plans to open one de novo branch during the fourth quarter of 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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