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Regional Management (RM)
NYSE:RM
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.89Last Year’s EPS
-0.8Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 9.61%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with strong portfolio growth, improved credit performance, and increased revenue yields as highlights, while the negative financial impacts of recent hurricanes and higher provisions for credit losses were notable challenges.Company Guidance
During the third quarter of 2024, Regional Management Corp. reported a net income of $7.7 million and diluted earnings per share (EPS) of $0.76, despite a $5.6 million pretax impact from hurricane activities. The company achieved a 40 basis point year-over-year improvement in its net credit loss rate, reaching 10.6%, while maintaining a 30-plus day delinquency rate of 6.9%. Revenue hit a record $146 million, driven by a 2.6% sequential growth in the portfolio to $1.82 billion, with a 90 basis point increase in interest and fee yield to 29.9%. The diversified product strategy led to a 51 million dollar year-over-year increase in both the small loan segment and the auto-secured segment, with the latter representing 11% of the total portfolio. Looking ahead, the company anticipates stronger receivable growth in the fourth quarter, projecting a sequential increase of $65 million to $70 million.Record Portfolio Growth
The company grew its portfolio by $46 million sequentially to a record $1.82 billion, an annualized growth rate of just above 10%.
Improved Credit Performance
The net credit loss rate improved by 40 basis points year-over-year to 10.6%, despite the challenges posed by recent hurricanes.
Revenue and Yield Achievements
Quarterly revenue reached a record high of $146 million with an interest and fee yield increase of 90 basis points year-over-year to 29.9%.
Small Loan Portfolio Growth
The small loan portfolio increased by 11% from the prior year, with loans over 36% APR growing to 18% of the portfolio from 15% last year.
Auto-Secured Segment Expansion
The auto-secured segment grew by 35% from the prior year period, representing nearly 11% of the total portfolio, up from 8%.
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RM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $32.56 | $30.52 | -6.27% |
| Jul 31, 2024 | $32.06 | $30.28 | -5.55% |
| May 01, 2024 | $24.53 | $26.50 | +8.03% |
| Feb 07, 2024 | $22.35 | $22.07 | -1.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Regional Management (RM) report earnings?
Regional Management (RM) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Regional Management (RM) earnings time?
Regional Management (RM) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RM EPS forecast?
RM EPS forecast for the fiscal quarter 2024 (Q4) is 0.89.
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