Regional Management Corp (N:RM)

Sector:  Financials Industry:  Consumer Lending
 
See Regulatory Filings on SEC
Company Contact
Address: 979 Batesville Road, Suite B
GREER SC 29651
Tel: 1-203-6828331
Website: https://www.regionalmanagement.com
IR: See website
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Key People
Robert William Beck
President, Chief Executive Officer, Director 		Harpreet Rana
Chief Financial Officer, Executive Vice President 		Manish Parmar
Executive Vice President, Chief Credit Risk Officer
Brian J. Fisher
Executive Vice President, Chief Strategy and Development Officer 		Catherine R. Atwood
Senior Vice President, General Counsel, Secretary 		 
Business Overview
Regional Management Corp. is a diversified consumer finance company. The Company provides installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. Its products include small and large installment loans. It provides its customers optional payment and collateral protection insurance. It offers small installment loans with cash proceeds to customers ranging from $500 to $2,500, with terms of up to 48 months. It offers large installment loans with cash proceeds to customers ranging from $2,501 to $25,000, with terms between 18 and 60 months. It offers its customers optional payment and collateral protection insurance relating to its loan products, including credit life insurance, accident and health insurance, involuntary unemployment insurance, and personal property insurance. The Company also offers indirect retail installment loans of up to $7,500. It operates under the name Regional Finance.
Financial Overview
For the fiscal year ended 31 December 2023, Regional Management Corp revenues increased 9% to $551.4M. Net income decreased 69% to $16M. Revenues reflect Interest and fee income increase of 9% to $489.7M, Other income increase of 34% to $17.2M, Insurance income, net increase of 2% to $44.5M. Net income was offset by Interest expense increase of 97% to $67.5M (expense), Personnel increase of 11% to $156.9M (expense).
Employees: 2,081 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,650M as of Dec 31, 2023
Annual revenue (TTM): $551.40M as of Dec 31, 2023
EBITDA (TTM): $102.88M as of Dec 31, 2023
Net annual income (TTM): $15.96M as of Dec 31, 2023
Free cash flow (TTM): $225.21M as of Dec 31, 2023
Net Debt Last Fiscal Year: $1,391M as of Dec 31, 2023
Shares outstanding: 9,868,227 as of Apr 2, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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