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Sep 30, 2022
Regional Management Q3 2022 Earnings Report
Announced third quarter results with net income of $10.1 million and diluted earnings per share of $1.06.
Key Takeaways
Regional Management Corp. reported strong third-quarter results, marked by a 22.3% year-over-year growth in net finance receivables and a 17.9% increase in revenue. The company expanded operations to California and Louisiana, grew its loan portfolio to $1.6 billion, and increased its account base by 16% to over 500,000 accounts.
Net income was $10.1 million, and diluted earnings per share was $1.06, reflecting decreases of 54.7% and 49.8%, respectively, compared to the prior-year period.
Net finance receivables reached an all-time high of $1.61 billion, a 22.3% increase year-over-year.
Total revenue reached a record $131.5 million, an increase of 17.9% year-over-year.
The company expanded its operations to California and Louisiana.
Revenue by Segment
Forward Guidance
The company continues to plan expansion into one to two states over the next four months.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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