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Sep 30, 2023
Regional Management Q3 2023 Earnings Report
Announced third quarter 2023 results with net income of $8.8 million and diluted earnings per share of $0.91.
Key Takeaways
Regional Management Corp. reported strong Q3 2023 results, including a high-quality portfolio, prudent expense management, and solid execution. Net income was $8.8 million and diluted EPS was $0.91. Loan demand and conservative underwriting led to portfolio growth of $62 million, record revenue of $141 million, and a revenue yields increase of 80 basis points.
Net income for the third quarter of 2023 was $8.8 million and diluted earnings per share was $0.91.
Net finance receivables as of September 30, 2023 were $1.8 billion, an increase of $143.4 million, or 8.9%, from the prior-year period.
Total revenue for the third quarter of 2023 was $140.9 million, an increase of $9.4 million, or 7.2%, from the prior-year period.
As of September 30, 2023, 30+ day contractual delinquencies totaled $128.4 million, or 7.3% of net finance receivables, an increase of 10 basis points compared to September 30, 2022.
Revenue by Segment
Forward Guidance
The company remains well-positioned to operate effectively in the current economic cycle.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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