Regional Management Corp. is a diversified consumer finance company that provides attractive, easy-to-understand installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. Regional Management operates under the name 'Regional Finance' in 368 branch locations across 11 states in the Southeastern, Southwestern, Mid-Atlantic, and Midwestern United States, as of September 30, 2020. Most of its loan products are secured, and each is structured on a fixed rate, fixed term basis with fully amortizing equal monthly installment payments, repayable at any time without penalty. Regional Management sources loans through its multiple channel platform, which includes branches, centrally-managed direct mail campaigns, digital partners, retailers, and its consumer website.
Company profile
Ticker
RM
Exchange
Website
CEO
Peter Knitzer
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Regional Finance Company • Regional Finance Corporation • RMC Financial Services of Florida, LLC • Credit Recovery Associates, Inc. • RMC Reinsurance, LTD • Upstate Motor Company • Regional Management Receivables II, LLC • Regional Management Receivables III, LLC • Regional Management Receivables IV, LLC • Regional Management Receivables V, LLC ...
IRS number
570847115
RM stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
29 Nov 22
10-Q
2022 Q3
Quarterly report
4 Nov 22
8-K
Regional Management Corp. Announces Third Quarter 2022 Results
1 Nov 22
8-K
Regional Management Corp. Completes $200 Million Asset-Backed Securitization
20 Oct 22
8-K
REGIONAL MANAGEMENT RM LISTED NYSE ABS Investor Presentation October 2022
5 Oct 22
8-K
Entry into a Material Definitive Agreement
12 Sep 22
10-Q
2022 Q2
Quarterly report
5 Aug 22
8-K
Regional Management Corp. Announces Second Quarter 2022 Results
3 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
23 May 22
10-Q
2022 Q1
Quarterly report
6 May 22
Transcripts
RM
Earnings call transcript
2022 Q3
2 Nov 22
RM
Earnings call transcript
2022 Q2
7 Aug 22
RM
Earnings call transcript
2022 Q1
8 May 22
RM
Earnings call transcript
2021 Q4
10 Feb 22
RM
Earnings call transcript
2021 Q3
3 Nov 21
RM
Earnings call transcript
2021 Q2
8 Aug 21
RM
Earnings call transcript
2021 Q1
8 May 21
RM
Earnings call transcript
2020 Q4
11 Feb 21
RM
Earnings call transcript
2020 Q3
2 Nov 20
RM
Earnings call transcript
2020 Q3
2 Nov 20
Latest ownership filings
SC 13G/A
WELLINGTON MANAGEMENT GROUP LLP
6 Feb 23
SC 13G/A
WELLINGTON TRUST Co N A
6 Feb 23
SC 13G/A
BlackRock Inc.
23 Jan 23
SC 13G
Forager Capital Management, LLC
10 Jan 23
4
John D. Schachtel
4 Jan 23
4
Harpreet Rana
4 Jan 23
4
Manish Parmar
4 Jan 23
4
Brian J. Fisher
4 Jan 23
4
Robert William Beck
4 Jan 23
4
Steven B Barnette
4 Jan 23
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 117.01 mm | 117.01 mm | 117.01 mm | 117.01 mm | 117.01 mm | 117.01 mm |
| Cash burn (monthly) | 11.91 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 51.20 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 65.81 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 5.5 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
89.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 75 |
| Opened positions | 4 |
| Closed positions | 25 |
| Increased positions | 30 |
| Reduced positions | 27 |
| 13F shares | Current |
|---|---|
| Total value | 251.34 mm |
| Total shares | 8.54 mm |
| Total puts | 3.20 k |
| Total calls | 1.30 k |
| Total put/call ratio | 2.5 |
| Largest owners | Shares | Value |
|---|---|---|
| Basswood Capital Management, L.L.C. | 1.04 mm | $29.13 mm |
| BLK Blackrock | 961.79 k | $26.97 mm |
| Dimensional Fund Advisors | 755.18 k | $21.18 mm |
| Forager Capital Management | 709.09 k | $19.88 mm |
| Wellington Management | 672.24 k | $18.85 mm |
| WELLINGTON TRUST Co N A | 597.85 k | $34.35 mm |
| FMR | 461.27 k | $12.93 mm |
| Vanguard | 441.39 k | $12.38 mm |
| LSV Asset Management | 339.66 k | $9.52 mm |
| Khrom Capital Management | 308.26 k | $8.64 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 22 | Catherine R Atwood | Common Stock | Payment of exercise | Dispose F | No | No | 28.08 | 2,009 | 56.41 k | 27,780 |
| 31 Dec 22 | Steven B Barnette | Common Stock | Payment of exercise | Dispose F | No | No | 28.08 | 1,643 | 46.14 k | 9,099 |
| 31 Dec 22 | Beck Robert William | Common Stock | Payment of exercise | Dispose F | No | No | 28.08 | 10,982 | 308.37 k | 57,190 |
| 31 Dec 22 | Fisher Brian J. | Common Stock | Payment of exercise | Dispose F | No | No | 28.08 | 2,038 | 57.23 k | 31,958 |
| 31 Dec 22 | Parmar Manish | Common Stock | Payment of exercise | Dispose F | No | No | 28.08 | 1,851 | 51.98 k | 20,925 |
| 1 Jun 22 | Fisher Brian J. | Common Stock | Gift | Dispose G | No | Yes | 0 | 1,000 | 0.00 | 33,996 |