Reports Q4 revenue $154.832M, consensus $154.12M. “We are very pleased with how our team and company performed in the fourth quarter,” said Robert W. Beck, President and Chief Executive Officer of Regional Management (RM) Corp. “We generated strong bottom-line results of $9.9 million of net income and 98 cents of diluted earnings per share, a sharp improvement from the prior-year period. We increased our investment in growth and grew our portfolio by $73 million sequentially, or 16.0% on an annualized basis, to nearly $1.9 billion, an all-time high for our company. The portfolio generated record quarterly revenue of $155 million, up 9.3% year-over-year. Our fourth quarter total revenue yield was 33.4%, 110 basis points higher than the prior-year period from increased pricing, a mix shift to higher-margin loans, and improving credit performance.”
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