Form 8-K

8-K — Regional Management Corp.

Accession: 0001519401-26-000007

Filed: 2026-04-29

Period: 2026-04-29

CIK: 0001519401

SIC: 6141 (PERSONAL CREDIT INSTITUTIONS)

Item: Results of Operations and Financial Condition

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — rm-20260429.htm (Primary)

EX-99.1 (rm-ex99_1.htm)

EX-99.2 (rm-ex99_2.htm)

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8-K

8-K (Primary)

Filename: rm-20260429.htm · Sequence: 1

8-K

0001519401false00015194012026-04-292026-04-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 29, 2026

Regional Management Corp.

(Exact name of registrant as specified in its charter)

Delaware

001-35477

57-0847115

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

979 Batesville Road, Suite B

Greer, South Carolina 29651

(Address of principal executive offices) (zip code)

(864) 448-7000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol

Name of Each Exchange on Which Registered

Common Stock, $0.10 par value

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On April 29, 2026, Regional Management Corp. (the “Company”) issued a press release announcing financial results for the three months ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. On April 29, 2026, the Company will host a conference call to discuss financial results for the three months ended March 31, 2026. A copy of the presentation to be used during the conference call is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

All information in the press release and the presentation is furnished under Item 2.02 of Form 8-K, “Results of Operations and Financial Condition,” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 8.01. Other Events.

On April 29, 2026, the Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per share of outstanding common stock, payable on June 10, 2026 to stockholders of record as of the close of business on May 20, 2026.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

99.1

Press Release issued by Regional Management Corp. on April 29, 2026, announcing financial results for Regional Management Corp. for the three months ended March 31, 2026.

99.2

Presentation of Regional Management Corp., dated April 29, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Regional Management Corp.

Date: April 29, 2026

By:

/s/ Harpreet Rana

Name:

Harpreet Rana

Title:

Executive Vice President and Chief Financial and Administrative Officer

EX-99.1

Filename: rm-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Regional Management Corp. Announces First Quarter 2026 Results

- Net income of $11.4 million and diluted earnings per share of $1.18, up 63% and

69% year-over-year, respectively -

- Originations of $388.0 million and 11.3% year-over-year portfolio growth drive record first quarter revenue -

- Annualized operating expense ratio of 12.2%, an all-time best and an improvement of 180 basis points year-over-year -

Greenville, South Carolina – April 29, 2026 – Regional Management Corp. (NYSE: RM), a diversified consumer finance company, today announced results for the first quarter ended March 31, 2026.

“We delivered a strong start to 2026, with solid financial results, continued year-over-year portfolio growth, and further improvement in operating efficiency,” said Lakhbir S. Lamba, President and Chief Executive Officer of Regional Management Corp. “First quarter diluted EPS increased 69% year-over-year, driven by disciplined execution, stable credit performance, and the scalability of our operating model.”

“We continue to make good progress on our strategic priorities, including expanding our auto-secured portfolio, entering new markets, and advancing our bank partnership with Column,” added Mr. Lamba. “Early results from the partnership are encouraging, and we believe it will enhance our ability to grow the business, broaden our product offerings, and improve risk-adjusted returns over time.”

“Looking ahead, we remain focused on responsible portfolio growth, improving credit performance, and driving operating leverage,” continued Mr. Lamba. “We are confident in our outlook for 2026 and our ability to deliver sustainable, profitable growth and increasing returns for our shareholders.”

First Quarter 2026 Highlights

•

Net income for the first quarter of 2026 was $11.4 million and diluted earnings per share was $1.18, up 62.7% and 68.6% year-over-year, respectively.

•

Net finance receivables as of March 31, 2026 were $2.1 billion, an improvement of $213.7 million, or 11.3%, from the prior-year period, driven by strong performance from large loans, including demand for auto-secured products, and 10 new branches opened since March 31, 2025.

Total originations of $388.0 million, down 1.1% from the prior-year period, due to a stronger tax refund season and disciplined underwriting.

Large loan net finance receivables of $1.6 billion increased $245.7 million, or 18.3%, from the prior-year period and represented 75.6% of the total loan portfolio, compared to 71.2% in the prior-year period.

▪

Auto-secured net finance receivables of $301.3 million increased $82.6 million, or 37.7%, from the prior-year period and represented 14.3% of the total loan portfolio, compared to 11.6% in the prior-year period.

Small loan net finance receivables of $512.5 million decreased $32.1 million, or 5.9%, from the prior-year period and represented 24.4% of the total loan portfolio, compared to 28.8% in the prior-year period.

•

Record first quarter total revenue of $167.3 million, an increase of $14.3 million, or 9.4%, from the prior-year period, primarily due to growth in average net finance receivables.

Total revenue yield (annualized total revenue as a percentage of average net finance receivables) for the first quarter of 2026 was 31.5%, compared to 32.4% in the prior-year period, a decrease of 90 basis points primarily due to product mix shift.

Interest and fee yield (annualized interest and fee income as a percentage of average net finance receivables) decreased 60 basis points from the prior-year period primarily due to product mix shift.

•

Provision for credit losses for the first quarter of 2026 was $64.9 million, an increase of $6.9 million, or 11.9%, from the prior-year period, driven by portfolio growth.

The net credit loss rate (annualized net credit losses as a percentage of average net finance receivables) for the first quarter of 2026 was 12.5%, a 10 basis point increase compared to 12.4% in the prior-year period. Higher portfolio liquidation

in the first quarter of 2026 compared to the prior-year period impacted the net credit loss rate by 10 basis points.

The provision for credit losses for the first quarter of 2026 included a sequential reserve decrease of $1.4 million due to seasonal portfolio liquidation occurring during the first quarter of 2026.

The allowance for credit losses was $219.5 million as of March 31, 2026, or 10.4% of net finance receivables, a 10 basis point increase sequentially, reflecting updates to macroeconomic assumptions.

•

As of March 31, 2026, 30+ day contractual delinquencies totaled $150.9 million, or 7.2% of net finance receivables, a 30 basis point improvement sequentially due to seasonality and a 10 basis point increase from the prior-year period. Higher portfolio liquidation in the first quarter of 2026 compared to the prior-year period impacted the delinquency rate by 10 basis points.

•

General and administrative expenses for the first quarter of 2026 were $64.7 million, an improvement of $1.4 million from the prior-year period. The operating expense ratio (annualized general and administrative expenses as a percentage of average net finance receivables) for the first quarter of 2026 was 12.2%, an all-time best. The ratio reflected improvements of 20 basis points and 180 basis points from 12.4% and 14.0% in the prior-quarter and prior-year periods, respectively.

•

In the first quarter of 2026, the company repurchased 207,975 shares of its common stock at a weighted-average price of $36.06 per share under the company's stock repurchase program.

Second Quarter 2026 Dividend

The company’s Board of Directors has declared a dividend of $0.30 per common share for the second quarter of 2026. The dividend will be paid on June 10, 2026 to shareholders of record as of the close of business on May 20, 2026. The declaration and payment of any future dividend is subject to the discretion of the Board of Directors and will depend on a variety of factors, including the company’s financial condition and results of operations.

Liquidity and Capital Resources

As of March 31, 2026, the company had net finance receivables of $2.1 billion and debt of $1.6 billion. The debt consisted of:

•

$200.1 million on the company’s $355 million senior revolving credit facility,

•

$66.0 million on the company’s aggregate $425 million revolving warehouse credit facilities, and

•

$1.4 billion through the company’s asset-backed securitizations.

As of March 31, 2026, the company’s unused capacity to fund future growth on its revolving credit facilities (subject to the borrowing base) was $516 million, or 66.1%, and the company had available liquidity of $135.6 million, including unrestricted cash on hand and immediate availability to draw down cash from its revolving credit facilities. As of March 31, 2026, the company’s fixed-rate debt as a percentage of total debt was 84%, with a weighted-average coupon of 4.7%.

The company had a funded debt-to-equity ratio of 4.3 to 1.0 and a stockholders’ equity ratio of 18.1%, each as of March 31, 2026. On a non-GAAP basis, the company had a funded debt-to-tangible equity ratio of 4.7 to 1.0, as of March 31, 2026. Please refer to the reconciliations of non-GAAP measures to comparable GAAP measures included at the end of this press release.

Conference Call Information

Regional Management Corp. will host a conference call and webcast today at 5:00 PM ET to discuss these results.

The dial-in number for the conference call is (877) 407-0752 (toll-free) or (201) 389-0912 (international). Please dial the number 10 minutes prior to the scheduled start time.

*** A supplemental slide presentation will be made available on Regional’s website prior to the earnings call at www.RegionalManagement.com. ***

In addition, a live webcast of the conference call will be available on Regional’s website at www.RegionalManagement.com.

A webcast replay of the call will be available at www.RegionalManagement.com for one year following the call.

About Regional Management Corp.

Regional Management Corp. (NYSE: RM) 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” online and in branch locations in 19 states across the United States. Each of its loan products 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, and its consumer website. For more information, please visit www.RegionalManagement.com.

Forward-Looking Statements

This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but instead represent Regional Management Corp.’s expectations or beliefs concerning future events. Forward-looking statements include, without limitation, statements concerning financial outlooks or future plans, objectives, goals, projections, strategies, events, or performance, and underlying assumptions and other statements related thereto. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “outlook,” and similar expressions may be used to identify these forward-looking statements. Such forward-looking statements speak only as of the date on which they were made and are about matters that are inherently subject to risks and uncertainties, many of which are outside of the control of Regional Management. As a result, actual performance and results may differ materially from those contemplated by these forward-looking statements. Therefore, investors should not place undue reliance on forward-looking statements.

Factors that could cause actual results or performance to differ from the expectations expressed or implied in forward-looking statements include, but are not limited to, the following: managing growth effectively, implementing Regional Management’s growth strategy, and opening new branches as planned; Regional Management’s convenience check strategy; Regional Management’s policies and procedures for underwriting, processing, and servicing loans; Regional Management’s ability to collect on its loan portfolio; Regional Management’s insurance operations; exposure to credit risk and repayment risk, which risks may increase in light of adverse or recessionary economic conditions; the implementation of evolving underwriting models and processes, including as to the effectiveness of Regional Management's custom scorecards; changes in the competitive environment in which Regional Management operates or a decrease in the demand for its products; the geographic concentration of Regional Management’s loan portfolio; the failure of third-party service providers, including those providing information technology products; changes in economic conditions in the markets Regional Management serves, including levels of unemployment and bankruptcies; the ability to achieve successful acquisitions and strategic alliances; the ability to realize the anticipated benefits from our lending partnership with Column N.A.; the ability to make technological improvements as quickly as competitors; security breaches, cyber-attacks, failures in information systems, or fraudulent activity; the development and use of artificial intelligence; the ability to originate loans; reliance on information technology resources and providers, including the risk of prolonged system outages; changes in current revenue and expense trends, including trends affecting delinquencies and credit losses; any future public health crises, including the impact of such crisis on our operations and financial condition; changes in operating and administrative expenses; the departure, transition, or replacement of key personnel; the ability to timely and effectively implement, transition to, and maintain the necessary information technology systems, infrastructure, processes, and controls to support Regional Management’s operations and initiatives; changes in interest rates; existing sources of liquidity may become insufficient or access to these sources may become unexpectedly restricted; exposure to financial risk due to asset-backed securitization transactions; risks related to regulation and legal proceedings, including changes in laws or regulations or in the interpretation or enforcement of laws or regulations;

changes in accounting standards, rules, and interpretations and the failure of related assumptions and estimates; the impact of changes in tax laws and guidance, including the timing and amount of revenues that may be recognized; risks related to the ownership of Regional Management’s common stock, including volatility in the market price of shares of Regional Management’s common stock; the timing and amount of future cash dividend payments; and anti-takeover provisions in Regional Management’s charter documents and applicable state law.

The foregoing factors and others are discussed in greater detail in Regional Management’s filings with the Securities and Exchange Commission. Regional Management will not update or revise forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events or the non-occurrence of anticipated events, whether as a result of new information, future developments, or otherwise, except as required by law. Regional Management is not responsible for changes made to this document by wire services or Internet services.

Contact

Investor Relations

Garrett Edson, (203) 682-8331

investor.relations@regionalmanagement.com

Regional Management Corp. and Subsidiaries

Consolidated Statements of Income

(Unaudited)

(dollars in thousands, except per share amounts)

Better (Worse)

1Q 26

1Q 25

Revenue

Interest and fee income

150,296

136,553

13,743

10.1

Insurance income, net

11,810

11,297

513

4.5

Other income

5,184

5,117

1.3

Total revenue

167,290

152,967

14,323

9.4

Expenses

Provision for credit losses

64,868

57,992

(6,876

)

(11.9

Personnel

39,342

41,142

1,800

4.4

Occupancy

7,479

6,906

(573

)

(8.3

Marketing

4,181

5,406

1,225

22.7

Other

13,662

12,589

(1,073

)

(8.5

Total general and administrative

64,664

66,043

1,379

2.1

Interest expense

22,923

19,771

(3,152

)

(15.9

Income before income taxes

14,835

9,161

5,674

61.9

Income taxes

3,434

2,154

(1,280

)

(59.4

Net income

11,401

7,007

4,394

62.7

Net income per common share:

Basic

1.24

0.73

0.51

69.9

Diluted

1.18

0.70

0.48

68.6

Weighted-average common shares outstanding:

Basic

9,163

9,610

447

4.7

Diluted

9,662

10,025

363

3.6

Return on average assets (annualized)

2.2

1.5

Return on average equity (annualized)

12.2

7.9

Regional Management Corp. and Subsidiaries

Consolidated Balance Sheets

(Unaudited)

(dollars in thousands, except par value amounts)

Increase (Decrease)

1Q 26

1Q 25

Assets

Cash

4,859

4,158

701

16.9

Net finance receivables

2,104,001

1,890,351

213,650

11.3

Unearned insurance premiums

(51,044

)

(47,107

)

(3,937

)

(8.4

Allowance for credit losses

(219,500

)

(199,100

)

(20,400

)

(10.2

Net finance receivables, less unearned insurance premiums and allowance for credit losses

1,833,457

1,644,144

189,313

11.5

Restricted cash

98,364

122,312

(23,948

)

(19.6

Lease assets

44,174

40,699

3,475

8.5

Intangible assets

33,172

26,750

6,422

24.0

Restricted available-for-sale investments

24,390

21,687

2,703

12.5

Property and equipment

12,980

13,635

(655

)

(4.8

Deferred tax assets, net

—

9,421

(9,421

)

(100.0

Other assets

21,354

17,877

3,477

19.4

Total assets

2,072,750

1,900,683

172,067

9.1

Liabilities and Stockholders’ Equity

Liabilities:

Debt

1,621,398

1,477,860

143,538

9.7

Unamortized debt issuance costs

(7,048

)

(7,924

)

876

11.1

Net debt

1,614,350

1,469,936

144,414

9.8

Lease liabilities

46,324

42,788

3,536

8.3

Deferred tax liabilities, net

3,883

—

3,883

100.0

Accounts payable and accrued expenses

32,344

30,083

2,261

7.5

Total liabilities

1,696,901

1,542,807

154,094

10.0

Stockholders’ equity:

Preferred stock ($0.10 par value, 100,000 shares authorized, none issued or outstanding)

—

Common stock ($0.10 par value, 1,000,000 shares authorized, 15,160 shares issued and 9,338 shares outstanding at March 31, 2026 and 15,187 shares issued and 10,088 shares outstanding at March 31, 2025)

1,516

1,519

)

(0.2

Additional paid-in capital

140,555

134,206

6,349

4.7

Retained earnings

419,197

382,532

36,665

9.6

Accumulated other comprehensive loss

(31

)

(171

)

140

81.9

Treasury stock (5,822 shares at March 31, 2026 and 5,098 shares at

March 31, 2025)

(185,388

)

(160,210

)

(25,178

)

(15.7

Total stockholders’ equity

375,849

357,876

17,973

5.0

Total liabilities and stockholders’ equity

2,072,750

1,900,683

172,067

9.1

Regional Management Corp. and Subsidiaries

Selected Financial Data

(Unaudited)

(dollars in thousands, except per share amounts)

Net Finance Receivables

1Q 26

4Q 25

QoQ $

Inc (Dec)

QoQ %

Inc (Dec)

1Q 25

YoY $

Inc (Dec)

YoY %

Inc (Dec)

Large loans

1,591,528

1,593,171

(1,643

)

(0.1

1,345,825

245,703

18.3

Small loans

512,473

547,028

(34,555

)

(6.3

544,526

(32,053

)

(5.9

Total

2,104,001

2,140,199

(36,198

)

(1.7

1,890,351

213,650

11.3

Number of branches

355

353

0.6

353

0.6

Net finance receivables per branch

5,927

6,063

(136

)

(2.2

5,355

572

10.7

Average Net Finance Receivables

1Q 26

4Q 25

QoQ $

Inc (Dec)

QoQ %

Inc (Dec)

1Q 25

YoY $

Inc (Dec)

YoY %

Inc (Dec)

Large loans

1,592,493

1,552,956

39,537

2.5

1,340,122

252,371

18.8

Small loans

531,037

535,316

(4,279

)

(0.8

548,983

(17,946

)

(3.3

Total

2,123,530

2,088,272

35,258

1.7

1,889,105

234,425

12.4

Revenue Yields (1)

1Q 26

4Q 25

QoQ

Inc (Dec)

1Q 25

YoY

Inc (Dec)

Large loans

26.3

27.1

(0.8

26.1

0.2

Small loans

34.3

35.8

(1.5

35.9

(1.6

Total interest and fee yield

28.3

29.3

(1.0

28.9

(0.6

Total revenue yield

31.5

32.5

(1.0

32.4

(0.9

(1) Annualized as a percentage of average net finance receivables.

Components of Increase in Interest and Fee Income

1Q 26 Compared to 1Q 25

Increase (Decrease)

Volume

Rate

Volume & Rate

Total

Large loans

16,448

782

148

17,378

Small loans

(1,609

)

(2,095

)

(3,635

)

Product mix

2,106

(1,536

)

(570

)

—

Total

16,945

(2,849

)

(353

)

13,743

Loans Originated (1)

1Q 26

4Q 25

QoQ $

Inc (Dec)

QoQ %

Inc (Dec)

1Q 25

YoY $

Inc (Dec)

YoY %

Inc (Dec)

Large loans

265,460

364,194

(98,734

)

(27.1

241,809

23,651

9.8

Small loans

122,493

173,122

(50,629

)

(29.2

150,311

(27,818

)

(18.5

Total

387,953

537,316

(149,363

)

(27.8

392,120

(4,167

)

(1.1

(1) Represents the principal balance of loan originations, refinancings, and purchases.

Other Key Metrics

1Q 26

4Q 25

1Q 25

Net credit losses

66,268

57,479

58,392

Percentage of average net finance receivables (annualized)

12.5

11.0

12.4

Provision for credit losses

64,868

66,379

57,992

Percentage of average net finance receivables (annualized)

12.2

12.7

12.3

Percentage of total revenue

38.8

39.1

37.9

General and administrative expenses

64,664

64,519

66,043

Percentage of average net finance receivables (annualized)

12.2

12.4

14.0

Percentage of total revenue

38.7

38.0

43.2

Same store results (1):

Net finance receivables at period-end

2,087,752

2,087,903

1,858,140

Net finance receivable growth rate

10.7

10.9

6.5

Number of branches in calculation

345

336

(1) Same store sales reflect the change in year-over-year sales for the comparable branch base. The comparable branch base includes those branches open for at least one year.

Contractual Delinquency

1Q 26

4Q 25

1Q 25

Allowance for credit losses

219,500

10.4

220,900

10.3

199,100

10.5

Current

1,801,192

85.6

1,809,107

84.5

1,624,072

85.9

1 to 29 days past due

151,875

7.2

169,858

8.0

132,302

7.0

Delinquent accounts:

30 to 59 days

35,235

1.7

41,235

1.9

32,790

1.8

60 to 89 days

32,251

1.5

37,158

1.7

28,778

1.5

90 to 119 days

28,331

1.4

30,818

1.5

24,204

1.3

120 to 149 days

27,198

1.3

27,765

1.3

22,866

1.2

150 to 179 days

27,919

1.3

24,258

1.1

25,339

1.3

Total delinquency

150,934

7.2

161,234

7.5

133,977

7.1

Total net finance receivables

2,104,001

100.0

2,140,199

100.0

1,890,351

100.0

1 day and over past due

302,809

14.4

331,092

15.5

266,279

14.1

Contractual Delinquency by Product

1Q 26

4Q 25

1Q 25

Large loans

95,192

6.0

99,956

6.3

79,401

5.9

Small loans

55,742

10.9

61,278

11.2

54,576

10.0

Total

150,934

7.2

161,234

7.5

133,977

7.1

Income Statement Quarterly Trend

1Q 25

2Q 25

3Q 25

4Q 25

1Q 26

QoQ $

B(W)

YoY $

B(W)

Revenue

Interest and fee income

136,553

140,695

148,672

153,029

150,296

(2,733

)

13,743

Insurance income, net

11,297

11,499

11,391

11,386

11,810

424

513

Other income

5,117

5,248

5,424

5,287

5,184

(103

)

Total revenue

152,967

157,442

165,487

169,702

167,290

(2,412

)

14,323

Expenses

Provision for credit losses

57,992

60,587

60,474

66,379

64,868

1,511

(6,876

)

Personnel

41,142

38,584

39,517

40,394

39,342

1,052

1,800

Occupancy

6,906

6,911

7,160

7,227

7,479

(252

)

(573

)

Marketing

5,406

5,059

4,212

3,874

4,181

(307

)

1,225

Other

12,589

12,391

13,179

13,024

13,662

(638

)

(1,073

)

Total general and administrative

66,043

62,945

64,068

64,519

64,664

(145

)

1,379

Interest expense

19,771

20,426

21,971

22,646

22,923

(277

)

(3,152

)

Income before income taxes

9,161

13,484

18,974

16,158

14,835

(1,323

)

5,674

Income taxes

2,154

3,344

4,618

3,249

3,434

(185

)

(1,280

)

Net income

7,007

10,140

14,356

12,909

11,401

(1,508

)

4,394

Net income per common share:

Basic

0.73

1.07

1.53

1.40

1.24

(0.16

)

0.51

Diluted

0.70

1.03

1.42

1.30

1.18

(0.12

)

0.48

Weighted-average shares outstanding:

Basic

9,610

9,504

9,370

9,233

9,163

447

Diluted

10,025

9,843

10,133

9,941

9,662

279

363

Balance Sheet & Other Key Metrics Quarterly Trends

1Q 25

2Q 25

3Q 25

4Q 25

1Q 26

QoQ $

Inc (Dec)

YoY $

Inc (Dec)

Total assets

1,900,683

1,967,131

2,028,266

2,103,930

2,072,750

(31,180

)

172,067

Net finance receivables

1,890,351

1,960,364

2,053,017

2,140,199

2,104,001

(36,198

)

213,650

Allowance for credit losses

199,100

202,800

212,000

220,900

219,500

(1,400

)

20,400

Debt

1,477,860

1,509,133

1,581,992

1,650,764

1,621,398

(29,366

)

143,538

Interest and fee yield (1)

28.9

29.4

29.7

29.3

28.3

(1.0

(0.6

Efficiency ratio (2)

43.2

40.0

38.7

38.0

38.7

0.7

(4.5

Operating expense ratio (3)

14.0

13.2

12.8

12.4

12.2

(0.2

(1.8

Delinquency rate (4)

7.1

6.6

7.0

7.5

7.2

(0.3

0.1

Net credit loss rate (5)

12.4

11.9

10.2

11.0

12.5

1.5

0.1

Book value per share

35.48

36.43

37.94

39.05

40.25

1.20

4.77

(1) Annualized interest and fee income as a percentage of average net finance receivables.

(2) General and administrative expenses as a percentage of total revenue.

(3) Annualized general and administrative expenses as a percentage of average net finance receivables.

(4) Delinquent loans outstanding as a percentage of ending net finance receivables.

(5) Annualized net credit losses as a percentage of average net finance receivables.

Non-GAAP Financial Measures

In addition to financial measures presented in accordance with generally accepted accounting principles (“GAAP”), this press release contains certain non-GAAP financial measures. The company’s management utilizes non-GAAP measures as additional metrics to aid in, and enhance, its understanding of the company’s financial results. Tangible equity and the funded debt-to-tangible equity ratio are non-GAAP measures that adjust GAAP measures to exclude intangible assets. Management uses these equity measures to evaluate and manage the company’s capital and leverage position. The company also believes that these equity measures are commonly used in the financial services industry and provide useful information to users of the company’s financial statements in the evaluation of its capital and leverage position.

This non-GAAP financial information should be considered in addition to, not as a substitute for or superior to, measures of financial performance prepared in accordance with GAAP. In addition, the company’s non-GAAP measures may not be comparable to similarly titled non-GAAP measures of other companies. The following tables provide a reconciliation of GAAP measures to non-GAAP measures.

1Q 26

Debt

1,621,398

Total stockholders' equity

375,849

Less: Intangible assets

33,172

Tangible equity (non-GAAP)

342,677

Funded debt-to-equity ratio

4.3

Funded debt-to-tangible equity ratio (non-GAAP)

4.7

EX-99.2

Filename: rm-ex99_2.htm · Sequence: 3

1Q 26 Earnings Presentation April 29, 2026 Exhibit 99.2

Legal Disclosures This document contains summarized information concerning Regional Management Corp. (the “Company”) and the Company’s business, operations, financial performance, and trends. No representation is made that the information in this document is complete. For additional financial, statistical, and business information, please see the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission (the “SEC”), as well as the Company’s other reports filed with the SEC from time to time. Such reports are or will be available on the Company’s website (www.regionalmanagement.com) and on the SEC’s website (www.sec.gov). The information and opinions contained in this document are provided as of the date of this presentation and are subject to change without notice. This document has not been approved by any regulatory or supervisory authority. This presentation, the related remarks, and the responses to various questions may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but instead represent the Company’s expectations or beliefs concerning future events. Forward-looking statements include, without limitation, statements concerning financial outlook or future plans, objectives, goals, projections, strategies, events, or performance, and underlying assumptions and other statements related thereto. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “outlook,” and similar expressions may be used to identify these forward-looking statements. Such forward-looking statements speak only as of the date on which they were made and are about matters that are inherently subject to risks and uncertainties, many of which are outside of the control of the Company. As a result, actual performance and results may differ materially from those contemplated by these forward-looking statements. Therefore, investors should not place undue reliance on such statements. Factors that could cause actual results or performance to differ from the expectations expressed or implied in forward-looking statements include, but are not limited to, the following: managing growth effectively, implementing the Company’s growth strategy, and opening new branches as planned; the Company’s convenience check strategy; the Company’s policies and procedures for underwriting, processing, and servicing loans; the Company’s ability to collect on its loan portfolio; the Company’s insurance operations; exposure to credit risk and repayment risk, which risks may increase in light of adverse or recessionary economic conditions; the implementation of evolving underwriting models and processes, including as to the effectiveness of the Company’s custom scorecards; changes in the competitive environment in which the Company operates or a decrease in the demand for its products; the geographic concentration of the Company’s loan portfolio; the failure of third-party service providers, including those providing information technology products; changes in economic conditions in the markets the Company serves, including levels of unemployment and bankruptcies; the ability to achieve successful acquisitions and strategic alliances; the ability to realize the anticipated benefits from our lending partnership with Column N.A.; the ability to make technological improvements as quickly as competitors; security breaches, cyber-attacks, failures in information systems, or fraudulent activity; the development and use of artificial intelligence; the ability to originate loans; reliance on information technology resources and providers, including the risk of prolonged system outages; changes in current revenue and expense trends, including trends affecting delinquencies and credit losses; any future public health crises, including the impact of such crisis on our operations and financial condition; changes in operating and administrative expenses; the departure, transition, or replacement of key personnel; the ability to timely and effectively implement, transition to, and maintain the necessary information technology systems, infrastructure, processes, and controls to support the Company’s operations and initiatives; changes in interest rates; existing sources of liquidity may become insufficient or access to these sources may become unexpectedly restricted; exposure to financial risk due to asset-backed securitization transactions; risks related to regulation and legal proceedings, including changes in laws or regulations or in the interpretation or enforcement of laws or regulations; changes in accounting standards, rules, and interpretations and the failure of related assumptions and estimates; the impact of changes in tax laws and guidance, including the timing and amount of revenues that may be recognized; risks related to the ownership of the Company's common stock, including volatility in the market price of shares of the Company's common stock; the timing and amount of future cash dividend payments; and anti-takeover provisions in the Company's charter documents and applicable state law. The foregoing factors and others are discussed in greater detail in the Company's filings with the SEC. The Company will not update or revise forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events or the non-occurrence of anticipated events, whether as a result of new information, future developments, or otherwise, except as required by law. This presentation contains certain non-GAAP measures. Please refer to the Appendix accompanying this presentation for a reconciliation of non-GAAP measures to the most comparable GAAP measures. This presentation also contains certain financial terms and abbreviations. Please refer to the Appendix accompanying this presentation for a glossary of terms and abbreviations. 2

1Q 26 Highlights $214MM ENR Growth YoY Up 11.3% YoY $36MM Sequential ENR Liquidation In line with seasonal norms $388MM Origination Volume Down $4MM, or 1.1% YoY $5.9MM ENR per Branch Up 10.7% YoY $301MM Auto-Secured Portfolio Up $83MM, or 37.7% YoY 3 Portfolio Trends Operating Effectiveness Returns 7.2% 30+ DQ % Up 10 bps YoY 12.5% Net Credit Loss Rate Up 10 bps YoY 12.2% Operating Expense Ratio Historic best, 180 bps improvement YoY 84% Fixed-Rate Debt WAC of 4.7% $516MM Unused Capacity Substantial bandwidth to fund growth $1.18 Diluted Earnings Per Share Up 68.6% YoY 12.2% ROE / 2.2% ROA Up 430 bps YoY / Up 70 bps YoY 3.7% Dividend Yield 1Q 26 $0.30 dividend per share $11MM Capital Return and $3MM Increase in Stockholders’ Equity $12MM Capital Generation (1) (1) This is a non-GAAP measure. Refer to the Appendix for a reconciliation to the most comparable GAAP measure.

1Q 26 Financial Highlights Significant improvement across key financial metrics: Net income up $4.4MM or 62.7% YoY ROE and ROA up 430 bps and 70 bps YoY, respectively Record first quarter total revenue of $167.3MM, growing 9.4% YoY All-time best operating expense ratio of 12.2%, YoY improvement of 180 bps 4

Responsible Portfolio Growth 5 Portfolio Growth Trend ($ in millions) Total originations down 1.1% from 1Q 25 due to a stronger tax refund season and disciplined underwriting Average FICO relatively consistent YoY and over the last several quarters Achieved 11.3% YoY portfolio growth from large loans including high-quality auto-secured loans and new branch openings Auto-secured product portfolio grew $82.6MM to 14.3% of the total portfolio, compared to 11.6% in the prior-year period New branches opened since 1Q 25 have generated $16.2MM, or 7.6%, of total YoY portfolio growth Quarterly Origination Trend ($ in millions)

Increased ENR Per Branch is Driving Efficiency 10 new branches opened since 1Q 25 have generated $16.2MM, or 7.6%, of the $213.7MM YoY portfolio growth Same store receivables grew 10.7% YoY, outpacing 1Q 25 YoY growth of 6.5% 6 Note: ENR per branch in the age cohorts less than 5+ years may fluctuate period-over-period due to differences in average branch maturity within each cohort and the timing of new branch openings.

Record total revenue for a first quarter of $167.3MM Revenue grew 9.4% YoY due to higher ANR of $234MM Total revenue yield down 90 bps YoY primarily due to mix shift to larger loans 7 Revenue Up 9.4% on Receivable Growth Total Revenue and Interest & Fee Yields Total Revenue ($ in millions) (1) The favorable impact from 3Q 24 hurricane activity on total revenue yield

Recent Credit Trends 30+ & 90+ DQ% ($ in millions) Net Credit Loss Rates 8 (1) The favorable impact on the net credit loss rate in 4Q 24 from 3Q 24 hurricane activity, and the unfavorable impact to 2Q 25 1Q 26 delinquency of 7.2% and net credit loss rate of 12.5% both increased 10 bps YoY Both inclusive of 10 bps impact from higher liquidation in 1Q 26 compared to 1Q 25 30+ days past due of $150.9MM compares favorably to the allowance for credit losses of $219.5MM as of 1Q 26

Reserves For Credit Losses ACL declined $1.4MM in 1Q 26, driven by portfolio liquidation, partially offset by a 10 bps sequential increase in the ACL rate to 10.4%. The increase in the ACL rate reflects updates to macroeconomic assumptions. The Company is required to reserve for expected lifetime credit losses at the origination of each loan, while the revenue benefits are recognized over the life of the loan. Allowance for Credit Losses ($ in millions) 9

Improving Operating Leverage While Investing in Our Business 10 Operating Expense Ratio ($ in millions) All-time best operating expense ratio of 12.2% improved 180 bps YoY, despite investment in technology, digital capabilities, and growth, including 10 new branches opened since 1Q 25 Achieved strong YoY revenue growth of 9.4%, or $14.3MM, while G&A expenses improved $1.4MM

Cost of funds increased 10 bps YoY due to increased average debt and the maturation of lower-cost, fixed-rate debt Cost of Funds 11 Interest Expense ($ in millions)

Total unused capacity was $516MM (subject to borrowing base) as of March 31, 2026 Available liquidity of $136MM as of March 31, 2026 Fixed-rate debt represented 84% of total debt as of March 31, 2026, with WAC of 4.7% Strong Funding Profile Unused Capacity ($ in millions) Fixed vs. Variable Debt Funded Debt Ratios 12 (1) This is a non-GAAP measure. Refer to the Appendix for a reconciliation to the most comparable GAAP measure.

Excess Capital Consistently Returned to Stockholders 13 (1) This is a non-GAAP measure. Refer to the Appendix for a reconciliation to the most comparable GAAP measure. (2) Cumulative change since year-end 2020 through the period ended 1Q 26. Capital Performance Since Year-End 2020 (2) $173MM total capital increase $184MM returned to stockholders $358MM (1) capital generated at 12.4% CAGR 21.0% ratio of capital generation to average stockholders’ equity (1) Proven Track Record Proven track record of excess capital generation Returning capital to stockholders Reinvesting to drive sustainable, long-term profitable growth Significant capital generated even during recent periods of high inflation

2026 Earnings Drivers 14 Target net income growth of 20-25% and ENR growth of 10% year over year, consistent with previous guidance 1Q 26 Results 2Q – 4Q 2026 Outlook 2Q 26 3Q 26 4Q 26 Originations & Loan Growth CECL Provision Reserve Impact Net Credit Losses Strategic Initiatives Liquidation of $36MM Soft loan demand and higher payment/payoff activity from tax refunds Growth $60 - $75MM Growth $75 - $90MM Growth $70 - $85MM Release of $1.4MM Seasonal decline in portfolio liquidation drives a reserve release Build $6.3 - $7.8MM Build $7.8 - $9.4MM Build $7.3 - $8.9MM Net Credit Loss Rate – 12.5% Elevated in 1Q, consistent with seasonal trends Net Credit Loss Rate ~12.0% Net Credit Loss Rate ~10.0% Net Credit Loss Rate ~10.5% No Material Impact No Material Impact Net Income Benefit $1.5 - $2.0MM Net Income Benefit $3.5 - $4.0MM Loan demand rebounds in 2Q, strengthens in 3Q, and remains strong in 4Q driven by holiday demand Reserve builds aligned with portfolio growth Credit performance improves in 2Q, reaches seasonal low in 3Q, normalizes in 4Q Strategic initiatives economics are included in our full year net income guidance Note: Ranges reflect current expectations and are subject to change based on geopolitical and macroeconomic conditions that may affect loan demand and resulting economics.

Appendix 15

Digitally sourced origination volume increase YoY driven by geographic expansion and our auto-secured product Digitally sourced origination volume represented 34.6% of total new borrower volume Large loans (inclusive of auto-secured) represented 81.8% of new borrower digitally sourced loans booked in 1Q 26 Digitally Sourced Origination Volume ($ in millions) Digitally Sourced Originations 16

Consolidated Income Statements 17

Consolidated Balance Sheets 18

Non-GAAP Financial Measures In addition to financial measures presented in accordance with generally accepted accounting principles (“GAAP”), this presentation contains certain non-GAAP financial measures. The Company’s management utilizes non-GAAP measures as additional metrics to aid in, and enhance, its understanding of the Company’s financial results. The Company believes that these non-GAAP measures provide useful information by excluding certain material items that may not be indicative of our operating results. As a result, the Company believes that the non-GAAP measures that it has presented will aid in the evaluation of the operating performance of the business. Total capital and capital return, capital generation, and capital generation as a % of average stockholders' equity are non-GAAP measures to include stock repurchases and dividends returned to stockholders with total capital. Management uses these measures to evaluate the Company's ability to generate capital to return to stockholders, reinvest in strategic initiatives, and evaluate its capacity to absorb losses. The Company also believes that these capital and absorption measures provide useful information to users of the Company’s financial statements in the evaluation of its ability to generate capital to return to stockholders, reinvest in strategic initiatives, and evaluate its capacity to absorb losses. Tangible equity and the funded debt-to-tangible equity ratio are non-GAAP measures that adjust GAAP measures to exclude intangible assets. Management uses these equity measures to evaluate and manage the Company’s capital and leverage position. The Company also believes that these equity measures are commonly used in the financial services industry and provide useful information to users of the Company’s financial statements in the evaluation of its capital and leverage position. The Company believes that the aforementioned non-GAAP measures will aid users of its financial statements in the evaluation of its operating performance. This non-GAAP financial information should be considered in addition to, not as a substitute for or superior to, measures of financial performance prepared in accordance with GAAP. In addition, the Company’s non-GAAP measures may not be comparable to similarly titled non-GAAP measures of other companies. The following tables provide reconciliations of GAAP measures to non-GAAP measures. 19

20 (1) Cumulative change since year-end 2020 through the period ended 1Q 26 Non-GAAP Financial Measures (Cont’d)

Non-GAAP Financial Measures (Cont’d) 21

Glossary 22 ACL – Allowance for Credit Losses Allowance for credit loss rate (ACL rate) – allowance for credit losses as a percentage of ending net finance receivables ANR – average net finance receivables Average FICO – loan-volume-weighted average FICO score at time of origination Bps – basis points Capital generation – the year-to-date change in total capital and capital return from the prior year-end Cost of funds – annualized interest expense as a percentage of average net finance receivables Cumulative capital return – dividend and common stock repurchase activity that has occurred since December 31, 2019 Debt balance – the balance for each respective debt agreement, composed of principal balance and accrued interest Dividend yield – annualized dividends per share divided by the closing share price as of the last day of the quarter Delinquency rate (DQ %) – delinquent loans outstanding as a percentage of ending net finance receivables ENR – ending net finance receivables Funded debt ratio – total debt divided by total assets Interest and fee yield – annualized interest and fee income as a percentage of average net finance receivables Net credit loss rate – annualized net credit losses as a percentage of average net finance receivables Operating expense ratio – annualized general and administrative expenses as a percentage of average net finance receivables Originations – Represents the principal balance of loan originations, refinancings, and purchases Return on assets (ROA) – annualized net income as a percentage of average total assets Return on equity (ROE) – annualized net income as a percentage of average stockholders’ equity Same store – comparison of branches with a comparable branch base; the comparable branch base includes those branches open for at least 1 year Total capital – stockholders’ equity plus allowance for credit losses Total revenue yield – annualized total revenue as a percentage of average net finance receivables WAC – weighted-average coupon YoY – year-over-year

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Apr. 29, 2026

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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

Former Legal or Registered Name of an entity

+ References

No definition available.

+ Details

Name:

dei_EntityInformationFormerLegalOrRegisteredName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

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Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

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- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

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Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

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Namespace Prefix:

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Data Type:

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