Regional Management Corp. Announces Third Quarter 2026 Results

Lakhbir S. Lamba, President and Chief Executive Officer of Regional Management Corp.

“Our third quarter results reflect steady execution against the priorities we outlined in July. We grew the portfolio in line with our expectations, generated record revenue supported by fee income from our bank partnership, and earned net income of $15.1 million, or $1.61 per diluted share, while maintaining disciplined expense management.”

Lakhbir S. Lamba, President and Chief Executive Officer of Regional Management Corp.

“Our net credit loss rate for the third quarter of 2026 was 10.9%, a seasonal improvement of 130 basis points sequentially and up 70 basis points from the prior-year period”

Lakhbir S. Lamba, President and Chief Executive Officer of Regional Management Corp.

“We have identified the drivers of the year-over-year increase and have actions in place against each. We tightened underwriting in the segments that underperformed and began implementing enhanced fraud controls across all channels. In the fourth quarter, we will also complete the rollout of our new proprietary origination scorecard, and Liz Canini will join us in early November as Chief Credit Risk Officer to lead our credit organization.”

Lakhbir S. Lamba, President and Chief Executive Officer of Regional Management Corp.

“Our bank partnership is becoming central to how we compete”

Lakhbir S. Lamba, President and Chief Executive Officer of Regional Management Corp.

“Since we last reported, we have extended the program to three additional states, and we continue to expand it across our footprint. The partnership allows us to further refine our pricing strategy to support growth, credit performance, and attractive risk-adjusted returns over time. Together with disciplined underwriting and our investments in talent, technology, and data, it positions Regional for more consistent growth and higher returns, including strong growth on our bottom line in 2027.”