Regional Management Corp

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Regional Management declares $0.30 quarterly dividend

Regional Management declared a quarterly dividend of $0.30 per share, in line with its previous payout. The dividend is payable on September 16 to shareholders of record as of August 19, with the ex-dividend date also set for August 19. The forward yield is 2.83%.

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Regional Management cuts full-year outlook, now sees EPS growth of 10% to 13% and portfolio growth of 5% to 7%

Regional Management Corp. revised its full-year guidance downward, now projecting diluted earnings per share growth of 10% to 13% and portfolio growth of 5% to 7%. The company reported second-quarter net income of $8.2 million, or $0.85 per diluted share, with total revenue of $168 million, up 7% year-over-year. Total originations fell 1.3% to $504 million, while ending net finance receivables rose 9.6% to $2.1 billion. Management cited lower-than-expected direct mail response rates, increased competition from fintechs, and deliberate tightening actions, including stronger fraud controls, as factors behind the softer growth. The company also highlighted the full implementation of its Column bank partnership in Texas and the launch of an end-to-end digital lending capability in July.

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