Regional Management Corp. announced on December 2, 2024, the authorization of a $30 million stock repurchase program, effective immediately and continuing through December 31, 2026. This program allows the company to opportunistically repurchase its common stock.
The company also provided its growth expectations for 2025, projecting ending net receivables to grow by 10% to 12%, an increase from the approximately 6% growth rate in 2024. This acceleration is attributed to confidence in credit performance, improving consumer health, and strengthening macroeconomic conditions.
To support this growth, Regional Management plans to open 10 new branches in the fourth quarter of 2024 and first quarter of 2025, with up to another 10 new branches in the second half of 2025. These branch expansions are aimed at capturing market share in newer geographies and contributing to portfolio and revenue growth.
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