Regional Management Corp.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
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Item 2. Results of Operations
Results of Operations
The following table summarizes our results of operations, both in dollars and as a percentage of average net finance receivables (annualized) for the periods indicated:
| Three Months Ended September 30, · Nine Months Ended September 30, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |||||
| Dollars in thousands | Amount | % ofAverage Net FinanceReceivables | Amount | % ofAverage Net FinanceReceivables | Amount | % ofAverage Net FinanceReceivables | Amount | % ofAverage Net FinanceReceivables |
| Revenue | ||||||||
| Interest and fee income | $148,672 | 29.7% | $133,932 | 29.9% | $425,920 | 29.4% | $390,648 | 29.5% |
| Insurance income, net | 11,391 | 2.3% | 7,422 | 1.7% | 34,187 | 2.4% | 28,903 | 2.2% |
| Other income | 5,424 | 1.1% | 4,984 | 1.0% | 15,789 | 1.0% | 14,120 | 1.0% |
| Total revenue | 165,487 | 33.1% | 146,338 | 32.6% | 475,896 | 32.8% | 433,671 | 32.7% |
| Expenses | ||||||||
| Provision for credit losses | 60,474 | 12.1% | 54,349 | 12.1% | 179,053 | 12.3% | 154,574 | 11.7% |
| Personnel | 39,517 | 7.9% | 38,323 | 8.6% | 119,243 | 8.2% | 113,240 | 8.5% |
| Occupancy | 7,160 | 1.4% | 6,551 | 1.5% | 20,977 | 1.4% | 19,075 | 1.4% |
| Marketing | 4,212 | 0.8% | 5,078 | 1.1% | 14,677 | 1.0% | 14,229 | 1.1% |
| Other | 13,179 | 2.7% | 12,516 | 2.7% | 38,159 | 2.7% | 36,508 | 2.8% |
| Total general and administrative | 64,068 | 12.8% | 62,468 | 13.9% | 193,056 | 13.3% | 183,052 | 13.8% |
| Interest expense | 21,971 | 4.4% | 19,356 | 4.3% | 62,168 | 4.3% | 54,725 | 4.1% |
| Income before income taxes | 18,974 | 3.8% | 10,165 | 2.3% | 41,619 | 2.9% | 41,320 | 3.1% |
| Income taxes | 4,618 | 0.9% | 2,502 | 0.6% | 10,116 | 0.7% | 10,007 | 0.7% |
| Net income | $14,356 | 2.9% | $7,663 | 1.7% | $31,503 | 2.2% | $31,313 | 2.4% |
Information explaining the changes in our results of operations from year-to-year is provided in the following pages.
The following tables summarize the quarterly trends of our financial results for the periods indicated:
| Income Statement Quarterly Trend | |||||||
|---|---|---|---|---|---|---|---|
| In thousands, except per share amounts | 3Q 24 | 4Q 24 | 1Q 25 | 2Q 25 | 3Q 25 | QoQ $B(W) | YoY $B(W) |
| Revenue | |||||||
| Interest and fee income | $133,932 | $138,246 | $136,553 | $140,695 | $148,672 | $7,977 | $14,740 |
| Insurance income, net | 7,422 | 11,792 | 11,297 | 11,499 | 11,391 | (108) | 3,969 |
| Other income | 4,984 | 4,794 | 5,117 | 5,248 | 5,424 | 176 | 440 |
| Total revenue | 146,338 | 154,832 | 152,967 | 157,442 | 165,487 | 8,045 | 19,149 |
| Expenses | |||||||
| Provision for credit losses | 54,349 | 57,626 | 57,992 | 60,587 | 60,474 | 113 | (6,125) |
| Personnel | 38,323 | 40,549 | 41,142 | 38,584 | 39,517 | (933) | (1,194) |
| Occupancy | 6,551 | 6,748 | 6,906 | 6,911 | 7,160 | (249) | (609) |
| Marketing | 5,078 | 4,777 | 5,406 | 5,059 | 4,212 | 847 | 866 |
| Other | 12,516 | 12,572 | 12,589 | 12,391 | 13,179 | (788) | (663) |
| Total general and administrative | 62,468 | 64,646 | 66,043 | 62,945 | 64,068 | (1,123) | (1,600) |
| Interest expense | 19,356 | 19,805 | 19,771 | 20,426 | 21,971 | (1,545) | (2,615) |
| Income before income taxes | 10,165 | 12,755 | 9,161 | 13,484 | 18,974 | 5,490 | 8,809 |
| Income taxes | 2,502 | 2,841 | 2,154 | 3,344 | 4,618 | (1,274) | (2,116) |
| Net income | $7,663 | $9,914 | $7,007 | $10,140 | $14,356 | $4,216 | $6,693 |
| Net income per common share: | |||||||
| Basic | $0.79 | $1.02 | $0.73 | $1.07 | $1.53 | $0.46 | $0.74 |
| Diluted | $0.76 | $0.98 | $0.70 | $1.03 | $1.42 | $0.39 | $0.66 |
| Weighted-average shares outstanding: | |||||||
| Basic | 9,683 | 9,691 | 9,610 | 9,504 | 9,370 | 134 | 313 |
| Diluted | 10,090 | 10,128 | 10,025 | 9,843 | 10,133 | (290) | (43) |
| Balance Sheet & Other Key Metrics Quarterly Trends | |||||||
| 3Q 24 | 4Q 24 | 1Q 25 | 2Q 25 | 3Q 25 | QoQ $Inc (Dec) | YoY $Inc (Dec) | |
| Total assets | $1,821,831 | $1,909,109 | $1,900,683 | $1,967,131 | $2,028,266 | $61,135 | $206,435 |
| Net finance receivables | $1,819,756 | $1,892,535 | $1,890,351 | $1,960,364 | $2,053,017 | $92,653 | $233,261 |
| Allowance for credit losses | $192,100 | $199,500 | $199,100 | $202,800 | $212,000 | $9,200 | $19,900 |
| Debt | $1,395,892 | $1,478,336 | $1,477,860 | $1,509,133 | $1,581,992 | $72,859 | $186,100 |
| Interest and fee yield | 29.9% | 29.8% | 28.9% | 29.4% | 29.7% | 0.3% | (0.2)% |
| Efficiency ratio | 42.7% | 41.8% | 43.2% | 40.0% | 38.7% | (1.3)% | (4.0)% |
| Operating expense ratio | 13.9% | 14.0% | 14.0% | 13.2% | 12.8% | (0.4)% | (1.1)% |
| Delinquency rate | 6.9% | 7.7% | 7.1% | 6.6% | 7.0% | 0.4% | 0.1% |
| Net credit loss rate | 10.6% | 10.8% | 12.4% | 11.9% | 10.2% | (1.7)% | (0.4)% |
| Book value per share | $34.72 | $35.67 | $35.48 | $36.43 | $37.94 | $1.51 | $3.22 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.