Regional Management Corp. · NYSE:RM
Regional Management — Q2 2018 Earnings Presentation
12 slides from Regional Management's earnings presentation, Jul 31, 2018
Slide 1: 2Q 2018 Earnings Call Presentation
2Q 2018 Earnings Call Presentation July 31, 2018 Exhibit 99.2
Slide 2: Safe Harbor Statement
Safe Harbor Statement 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, which represent Regional Management Corp.’s expectations or beliefs concer
Slide 3: 2Q 18 Highlights – Continued Double-Digit Portfolio Growth
2Q 18 Highlights – Continued Double-Digit Portfolio Growth Net income of $8.5 million, or $0.70 diluted EPS Revenue growth of 10.8% driven by $120.5 million year-over-year loan portfolio growth Interest and fee income up 11.8% year-over-year on 15.6% increase in average finance receivables Core fina
Slide 4: Nortridge Loan System (NLS) Implementation
Nortridge Loan System (NLS) Implementation NLS is performing very well Enhanced functionality (automated underwriting, electronic payments, texting, imaging, and customer portal) has been rolled out to our entire branch network for several months Continue to build out new capabilities to drive impro
Slide 5: Net Income and Diluted EPS
Net Income and Diluted EPS (2) (1) (1) 1Q 17 included $1.5 million tax benefit from exercise of stock options (2) 2Q 17 included $0.3 million after-tax executive transition costs (3) 3Q 17 was impacted by the following after-tax non-operating items: (4) 4Q 17 included $3.5 million of tax benefits, $
Slide 6: Consecutive Quarters of Double-Digit Growth
13 Consecutive Quarters of Double-Digit Growth Strong 2Q 18 finance receivable growth of 16.6% over prior year 13th consecutive quarter with double-digit year-over-year ending finance receivables growth
Slide 7: Product Category Trends
in millions Product Category Trends Large loans continue to grow and now represent over 46% of total loan portfolio Core loans are 92% of total loan portfolio Strong small loan growth of 10.3% from prior year
Slide 8: Revenue Driven by Strong Year-Over-Year Portfolio Growth
Revenue Driven by Strong Year-Over-Year Portfolio Growth 2Q 18 interest and fee yield improved 20 basis points sequentially
Slide 9: Provision Flat; NCL Rate Down Year-Over-Year
Provision Flat; NCL Rate Down Year-Over-Year NCL rate in 2Q 18 decreased 40 basis points compared to 2Q 17 2Q 18 NCL rate includes 50 basis points of hurricane losses Provision as a percentage of revenue and average finance receivables is down year-over-year Included 0.5% benefit from bulk sale of b
Slide 10: Seasonal Pattern of Delinquency
Seasonal Pattern of Delinquency 2Q 18 Delinquency: 30+ days past due of 6.3% is 0.2% lower than prior year 90+ days past due of 2.6% is 0.1% lower than prior year $25.1 $21.2 $19.6 $21.4 $17.5 $22.7 $27.5 $18.3 $26.4 $22.0
Slide 11: G&A Expense Dollars and Ratios
G&A Expense Dollars and Ratios 2Q 18 annualized G&A expense as a percentage of average finance receivables declined 170 basis points from the prior-year-period
Slide 12: CREGIONAL
CREGIONAL MANAGEMENT CRNANENT