GREENVILLE, S.C. – Regional Management Corp . (NYSE: NYSE:), a diversified consumer finance company, has announced the launch of a stock repurchase program, with plans to buy back up to $30 million of its outstanding common stock. The authorization by the company’s Board of Directors is effective immediately and is set to continue through December 31, 2026. According to InvestingPro data, the company maintains strong financial health with liquid assets exceeding short-term obligations, supporting its capacity for share repurchases.
The repurchase program is part of the company’s strategy to manage its capital and return value to shareholders. According to Robert W. Beck, President and CEO of Regional Management Corp., the decision reflects the company’s strong performance, liquidity, and confidence in its future prospects. The buybacks may occur in the open market, through privately negotiated transactions, or other methods in compliance with federal securities laws.
Alongside the repurchase program, the company has outlined its growth expectations for 2025, targeting a 10% to 12% increase in ending net receivables, an uptick from the approximately 6% growth rate in 2024. This acceleration in growth is attributed to the company’s positive credit performance and favorable macroeconomic conditions, such as lower inflation and low unemployment rates. InvestingPro analysis indicates that net income is expected to grow this year, with the company maintaining profitability over the last twelve months.
Regional Management Corp. has expanded its footprint to eight new states since 2020, enlarging its addressable market by over 80%. The company plans to continue this expansion, with a focus on its auto-secured and small loan portfolios, which are expected to drive portfolio growth. Additionally, the company is set to open 10 new branches in the fourth quarter of 2024 and the first quarter of 2025, with plans for up to another 10 in the second half of 2025.
The timing and volume of the repurchases under the stock buyback program will depend on various factors, including market conditions, legal requirements, and share price. The program may be modified, suspended, or discontinued at any time without prior notice.
Regional Management Corp. provides installment loan products primarily to customers with limited access to consumer credit and operates under the name Regional Finance in 19 states across the United States. The company’s loan products are secured on a…
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