Regional Management Corp. reported net income of $9.9 million and diluted earnings per share of $0.98 for the fourth quarter ended December 31, 2024. This represents a significant improvement from the prior-year period, with net income more than doubling year-over-year for the full year 2024 to $41.2 million.
The company achieved record quarterly revenue of $155 million, up 9.3% year-over-year, and grew its portfolio by $73 million sequentially, or 16.0% on an annualized basis, to nearly $1.9 billion. The net credit loss rate improved to 10.8%, which was 430 basis points better than the prior-year period.
The operating expense ratio improved by 80 basis points year-over-year to 14.0%, reflecting continued expense discipline. For 2025, management committed to a minimum of 10% portfolio growth and a meaningful improvement to net income results. The Board declared a dividend of $0.30 per common share for the first quarter of 2025.
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