Regional Management Posts 3Q EPS of $1.61
RM is trading near its 52-week low of $29.89 (13% above the low).
Summary
Regional Management reported third-quarter EPS of $1.61, with net income of $15.1M and revenue of $178.8M. The net credit loss rate was 10.9%. The headline carries no provision or comparison figures, so the size of any beat or miss against expectations is not yet clear. The key question is credit: Q2 net income fell 19.6% year-over-year to $8.15M as provisions jumped to $69M, with delinquency and net credit loss rates both rising. Whether that deterioration eased this quarter is the number that matters for a small-cap consumer lender trading around $33.65. The bank partnership rollout with Column N.A. in Texas, disclosed in August, is the growth lever to weigh against credit trends.
At the time of this announcement, RM was trading at $33.65 on NYSE in the Finance sector, with a market capitalization of approximately $310.4M. The 52-week trading range was $29.89 to $44.30. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.