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Regional Management reports Q1 EPS 70c, consensus 68c

Reports Q revenue $153.0M, consensus $153.59M. “We are very pleased with how we have begun the new year,” said Robert Beck, President and Chief Executive Officer of Regional Management (RM) Corp. “We delivered $7.0 million of net income and 70 cents of diluted EPS in the first quarter, with record first quarter revenue of $153 million. We experienced relatively low seasonal liquidation of $2 million in the quarter – compared to a $27 million portfolio decline in the first quarter of last year – thanks to our recent growth initiatives, including opening 15 new branches since September. We generated record first quarter originations while maintaining our tightened credit box, and ending net receivables were up 8.4% year-over-year – our fastest year-over-year growth rate since 2023.”

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