Regional Management Corp. reported fourth quarter net income of $12.9 million, a 30.2% increase year-over-year, and diluted earnings per share of $1.30, up 32.7%. Total revenue reached a record $169.7 million, rising 9.6% from the prior-year period. The revenue growth was driven by an expanding portfolio, with annualized total revenue yield of 32.5%, down 90 basis points due to a shift in product mix and the absence of a prior-year insurance reserve release. For full year 2025, the company delivered net income of $44.4 million and achieved 13% portfolio growth.

As of December 31, 2025, net finance receivables reached $2.1 billion, up $247.7 million or 13.1% year-over-year. Large loan receivables grew 19.2% to $1.6 billion, representing 74.4% of the total portfolio. Auto-secured receivables jumped 42.4% to $294.3 million, or 13.7% of the portfolio, while small loan receivables declined 1.6% to $547.0 million, or 25.6%. Record originations of $537.3 million, a 12.9% increase, were supported by 17 new branches and strong digital lead performance. Loans with APRs above 36% comprised 17.9% of the portfolio, a slight decrease from 18.5% in the prior-year period.

Provision for credit losses was $66.4 million, up 15.2% due to portfolio growth, resulting in a net credit loss rate of 11.0%, a 20 basis-point increase year-over-year but a 30 basis-point improvement after adjusting for prior-year disaster deferrals. The allowance for credit losses stood at $220.9 million, or 10.3% of receivables, stable sequentially and improved from 10.5% year-over-year. Contractual delinquencies over 30 days totaled $161.2 million, or 7.5% of receivables, reflecting seasonal increases but a 20 basis-point improvement compared to the prior year. General and administrative expenses were $64.5 million, essentially flat year-over-year, yielding an all-time best operating expense ratio of 12.4%, down 160 basis points from the prior year.

At quarter end, debt totaled $1.7 billion, including $188.6 million on a $355 million senior revolving facility, $81.6 million on warehouse credit lines, and $1.4 billion of asset-backed securitizations. Unused capacity on revolving facilities was $511 million, with total available liquidity of $149.2 million. Fixed-rate debt represented 84% of total debt, with a weighted-average coupon of 4.7% and 1.1 years of revolving duration. The company repurchased 196,999 shares at an average price of $38.07 per share. The board declared a first quarter 2026 dividend of $0.30 per share, payable March 12, 2026, to shareholders of record as of February 19, 2026.