$RM

Regional Management Corp.

CIK:0001519401|SEC Filings

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue
Interest and fee income	$ 150,278	$ 140,695	$ 300,574	$ 277,248
Insurance income, net	10,976	11,499	22,786	22,796
Other income	6,752	5,248	11,936	10,365
Total revenue	168,006	157,442	335,296	310,409
Expenses
Provision for credit losses	69,006	60,587	133,874	118,579
Personnel	39,433	38,584	78,775	79,726
Occupancy	7,252	6,911	14,731	13,817
Marketing	4,889	5,059	9,070	10,465
Other	13,870	12,391	27,532	24,980
Total general and administrative expenses	65,444	62,945	130,108	128,988
Interest expense	22,993	20,426	45,916	40,197
Income before income taxes	10,563	13,484	25,398	22,645
Income taxes	2,410	3,344	5,844	5,498
Net income	$ 8,153	$ 10,140	$ 19,554	$ 17,147
Net income per common share:
Basic	$ 0.91	$ 1.07	$ 2.15	$ 1.79
Diluted	$ 0.85	$ 1.03	$ 2.03	$ 1.73
Weighted-average common shares outstanding:
Basic	8,988	9,504	9,075	9,556
Diluted	9,604	9,843	9,633	9,934
Other comprehensive income (loss), net of tax
Unrealized income (loss) on restricted AFS investments	$ (23)	$ 214	$ (59)	$ (82)
Income taxes on unrealized items	5	(45)	12	18
Other comprehensive income (loss), net of tax	(18)	169	(47)	(64)
Total comprehensive income	$ 8,135	$ 10,309	$ 19,507	$ 17,083

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 19,554	$ 17,147
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	133,874	118,579
Depreciation and amortization	9,636	7,498
Amortization of deferred fees and costs	(5,977)	(8,122)
Loss on disposal of intangibles, property, and equipment	173	176
Share-based compensation	4,291	6,299
Deferred income taxes, net	(745)	937
Changes in operating assets and liabilities:
Increase (decrease) in unearned insurance premiums	(2,183)	978
Increase in lease assets	(1,256)	(4,223)
Decrease in other assets	10,297	986
Decrease in accounts payable and accrued expenses	(7,174)	(2,121)
Increase in lease liabilities	1,273	4,189
Net cash provided by operating activities	161,763	142,323
Cash flows from investing activities:
Originations and purchases of finance receivables	(896,141)	(907,533)
Repayments of finance receivables	759,776	731,281
Purchases of intangible assets	(6,499)	(6,294)
Purchases of property and equipment	(2,571)	(2,293)
Purchases of restricted AFS investments	(22,060)
Proceeds from maturities of restricted AFS investments	22,377	19,460
Net cash used in investing activities	(145,118)	(165,379)
Cash flows from financing activities:
Advances on revolving credit facilities	675,330	834,309
Payments on revolving credit facilities	(605,475)	(901,923)
Advances on securitizations	0	265,000
Payments on securitizations	(44,834)	(166,587)
Payments for debt issuance costs	(1,467)	(3,562)
Taxes paid related to net share settlement of equity awards	(828)	(417)
Payments for Cash dividends	(6,140)	(5,995)
Repurchases of common stock	(12,653)	(11,474)
Net cash provided by financing activities	3,933	9,351
Net change in cash and restricted cash	20,578	(13,705)
Cash and restricted cash at beginning of period	97,997	135,635
Cash and restricted cash at end of period	118,575	121,930
Supplemental cash flow information:
Interest paid	42,066	37,356
Income taxes refunded	1,514	6,314
Operating leases paid	7,039	6,340
Non-cash lease assets obtained in exchange for operating lease liabilities	$ 6,767	9,218
Non-cash restricted AFS investments acquired but not settled		$ 19,910

Consolidated Balance Sheets - USD ($)
$ in Thousands

Jun. 30, 2026

Dec. 31, 2025

Assets

Cash

$ 6,799

$ 3,823

Net finance receivables

2,148,253

2,140,199

Unearned insurance premiums

(50,713)

(52,896)

Allowance for credit losses

(224,000)

(220,900)

Net finance receivables, less unearned insurance premiums and allowance for credit losses

1,873,540

1,866,403

Restricted cash

111,776

94,174

Lease assets

45,084

43,828

Intangible assets

34,634

31,781

Restricted AFS investments

24,206

24,211

Property and equipment

13,044

13,156

Other assets

20,511

26,554

Total assets

2,129,594

2,103,930

Liabilities:

Debt

1,675,942

1,650,764

Unamortized debt issuance costs

^[1]

(5,617)

(8,591)

Net debt

1,670,325

1,642,173

Lease liabilities

47,241

45,968

Deferred tax liability, net

2,588

3,345

Accounts payable and accrued expenses

31,109

39,352

Total liabilities

1,751,263

1,730,838

Commitments and contingencies (Note 12)

Stockholders’ equity:

Preferred stock ($0.10 par value, 100,000 shares authorized, none issued or outstanding)

Common stock ($0.10 par value, 1,000,000 shares authorized, 15,298 shares issued and 9,340 shares outstanding at June 30, 2026 and 15,168 shares issued and 9,554 shares outstanding at December 31, 2025)

1,530

1,517

Additional paid-in capital

142,805

138,666

Retained earnings

424,469

410,721

Accumulated other comprehensive loss

(49)

(2)

Treasury stock (5,958 shares at June 30, 2026 and 5,614 shares at December 31, 2025)

(190,424)

(177,810)

Total stockholders’ equity

378,331

373,092

Total liabilities and stockholders’ equity

$ 2,129,594

$ 2,103,930

[1]	Unamortized debt issuance costs related to the revolving warehouse credit facilities are presented within other assets in the consolidated balance sheets. These credit facilities had $2.6 million and $1.8 million in such costs as of June 30, 2026 and December 31, 2025, respectively.