Regional Management Corp. reported net income of $7.0 million and diluted earnings per share of $0.70 for the first quarter ended March 31, 2025. Net income was lower than the prior-year period, which benefited from the sale of certain non-performing loans in Q4 2023.
The company achieved record first quarter revenue of $153 million, representing a 6.0% increase year-over-year. Ending net receivables were up 8.4% year-over-year, marking the fastest year-over-year growth rate since 2023, driven by record first quarter originations.
Credit performance showed improvement, with the 30-day contractual delinquency rate at 7.1%, down 60 basis points sequentially. The net credit loss rate of 12.4% was 120 basis points better year-over-year after adjusting for prior-year loan sale impacts and growth in the higher-margin portfolio. The Board declared a dividend of $0.30 per common share for the second quarter of 2025.
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