Regional Management Corp. Announces Fourth Quarter 2025 Results

Regional Management Corp. Announces Fourth Quarter 2025 Results February 4, 2026 - Net income of $12.9 million and diluted earnings per share of $1.30, up 30% and 33% year-over-year, respectively - - Record originations and 13.1% year-over-year portfolio growth drive record revenue - - Annualized operating expense ratio of 12.4%, an all-time best - Regional Management Corp. (NYSE: RM), a diversified consumer finance company, today announced results for the fourth quarter ended December 31, 2025. “We delivered strong financial and operating results in the fourth quarter and finished 2025 with excellent momentum,” said Lakhbir S. Lamba, President and Chief Executive Officer of Regional Management Corp. “Fourth quarter net income increased more than 30% year-over-year, driven by solid portfolio growth, record quarterly revenue, improving underlying credit performance, and continued expense discipline. For the full year, we generated net income of $44.4 million, while growing our total portfolio by 13% year-over-year.” “As I step into this role, I am encouraged by the strength of the platform we have built and the opportunities ahead,” added Mr. Lamba. “Our auto-secured portfolio continues to grow rapidly with compelling credit performance and returns, and we are expanding thoughtfully into new markets. At the same time, we are investing in our people, technology, data and analytics, and credit risk management to drive sustainable, profitable growth and higher return on equity. Regional enters 2026 from a position of strength, and I am confident in our ability to continue creating long-term value for our customers, communities, and shareholders.” Fourth Quarter 2025 Highlights Net income for the fourth quarter of 2025 was $12.9 million and diluted earnings per share was $1.30, up 30.2% and 32.7% year-over-year, respectively.Net finance receivables as of December 31, 2025 were a record $2.1 billion, an improvement of $247.7 million, or 13.1%, from the prior-year period, driven by strong performance from digital leads, demand for auto-secured products, and 17 new branches opened in 2025.Record total originations of $537.3 million, up 12.9% from the prior-year period, while maintaining prudent underwriting criteria.Large loan net finance receivables of $1.6 billion increased $256.4 million, or 19.2%, from the prior-year period and represented 74.4% of the total loan portfolio, compared to 70.6% in the prior-year period.Auto-secured net finance receivables of $294.3 million increased $87.7 million, or 42.4%, from the prior-year period and represented 13.7% of the total loan portfolio, compared to 10.9% in the prior-year period.Small loan net finance receivables of $547.0 million decreased $8.7 million, or 1.6%, from the prior-year period and represented 25.6% of the total loan portfolio, compared to 29.4% in the prior-year period.Net finance receivables with annual percentage rates (APRs) above 36% increased by 9.3% year-over-year and represented 17.9% of the portfolio, compared to 18.5% in the prior-year period.Customer accounts improved by 2.7% from the prior-year period.Record quarterly total revenue of $169.7 million, an increase of $14.9 million, or 9.6%, 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 fourth quarter of 2025 was 32.5%, compared to 33.4% in the prior-year period, a decrease of 90 basis points due to product mix shift and a 20 basis point benefit in the prior-year period from the release of personal property insurance reserves related to hurricane activity.Interest and fee yield (annualized interest and fee income as a percentage of average net finance receivables) decreased 50 basis points from the prior-year period due to product mix shift.Provision for credit losses for the fourth quarter of 2025 was $66.4 million, an increase of $8.8 million, or 15.2%, 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 fourth quarter of 2025 was 11.0%, a 20 basis point increase compared to 10.8% in the prior-year period but a 30 basis point year-over-year improvement after adjusting for the prior-year 50 basis point impact from disaster deferrals.The provision for credit losses for the fourth quarter of 2025 included a sequential reserve increase of $8.9 million due to portfolio growth occurring during the fourth quarter of 2025.The allowance for credit losses was $220.9 million as of December 31, 2025, or 10.3% of net finance receivables, stable sequentially and an improvement compared to 10.5% in the prior-year period, which included an estimated 10 basis points related to prior-year hurricane activity.As of December 31, 2025, 30+ day contractual delinquencies totaled $161.2 million, or 7.5% of net finance receivables, a 50 basis point increase sequentially due to seasonality and a 20 basis point improvement from the prior-year period.General and administrative expenses for the fourth quarter of 2025 were $64.5 million, an improvement of $0.1 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 fourth quarter of 2025 was 12.4%, an all-time best. The ratio reflected improvements of 40 basis points and 160 basis points from 12.8% and 14.0% in the prior-quarter and prior-year periods, respectively.In the fourth quarter of 2025, the company repurchased 196,999 shares of its common stock at a weighted-average price of $38.07 per share under the company's stock repurchase program. First Quarter 2026 Dividend The company’s Board of Directors has declared a dividend of $0.30 per common share for the first quarter of 2026. The dividend will be paid on March 12, 2026 to shareholders of record as of the close of business on February 19, 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 December 31, 2025, the company had net finance receivables of $2.1 billion and debt of $1.7 billion. The debt consisted of: $188.6 million on the company’s $355 million senior revolving credit facility,$81.6 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 December 31, 2025, the company’s unused capacity to fund future growth on its revolving credit facilities (subject to the borrowing base) was $511 million, or 65.6%, and the company had available liquidity of $149.2 million, including unrestricted cash on hand and immediate availability to draw down cash from its revolving credit facilities. As of December 31, 2025, the company’s fixed-rate debt as a percentage of total debt was 84%, with a weighted-average coupon of 4.7% and a weighted-average revolving duration of 1.1 years. The company had a funded debt-to-equity ratio of 4.4 to 1.0 and a stockholders’ equity ratio of 17.7%, each as of December 31, 2025. On a non-GAAP basis, the company had a funded debt-to-tangible equity ratio of 4.8 to 1.0, as of December 31, 2025. 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. Most of its loan products are secured, and each 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; impacts of a prolonged U.S. federal government shutdown; the ability to achieve successful acquisitions and strategic alliances; the ability to make technological improvements as quickly as competitors; security breaches, cyber-attacks, failures in information systems, or fraudulent activity; 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. Regional Management Corp. and Subsidiaries Consolidated Statements of Income (Unaudited) (dollars in thousands, except per share amounts) Better (Worse) Better (Worse) 4Q 25 4Q 24 $ % FY 25 FY 24 $ % Revenue Interest and fee income $ 153,029 $ 138,246 $ 14,783 10.7 % $ 578,949 $ 528,894 $ 50,055 9.5 % Insurance income, net 11,386 11,792 (406 ) (3.4 )% 45,573 40,695 4,878 12.0 % Other income 5,287 4,794 493 10.3 % 21,076 18,914 2,162 11.4 % Total revenue 169,702 154,832 14,870 9.6 % 645,598 588,503 57,095 9.7 % Expenses Provision for credit losses 66,379 57,626 (8,753 ) (15.2 )% 245,432 212,200 (33,232 ) (15.7 )% Personnel 40,394 40,549 155 0.4 % 159,637 153,789 (5,848 ) (3.8 )% Occupancy 7,227 6,748 (479 ) (7.1 )% 28,204 25,823 (2,381 ) (9.2 )% Marketing 3,874 4,777 903 18.9 % 18,551 19,006 455 2.4 % Other 13,024 12,572 (452 ) (3.6 )% 51,183 49,080 (2,103 ) (4.3 )% Total general and administrative 64,519 64,646 127 0.2 % 257,575 247,698 (9,877 ) (4.0 )% Interest expense 22,646 19,805 (2,841 ) (14.3 )% 84,814 74,530 (10,284 ) (13.8 )% Income before income taxes 16,158 12,755 3,403 26.7 % 57,777 54,075 3,702 6.8 % Income taxes 3,249 2,841 (408 ) (14.4 )% 13,365 12,848 (517 ) (4.0 )% Net income $ 12,909 $ 9,914 $ 2,995 30.2 % $ 44,412 $ 41,227 $ 3,185 7.7 % Net income per common share: Basic $ 1.40 $ 1.02 $ 0.38 37.3 % $ 4.71 $ 4.28 $ 0.43 10.0 % Diluted $ 1.30 $ 0.98 $ 0.32 32.7 % $ 4.45 $ 4.14 $ 0.31 7.5 % Weighted-average common shares outstanding: Basic 9,233 9,691 458 4.7 % 9,428 9,640 212 2.2 % Diluted 9,941 10,128 187 1.8 % 9,984 9,957 (27 ) (0.3 )% Return on average assets (annualized) 2.5 % 2.1 % 2.3 % 2.3 % Return on average equity (annualized) 13.8 % 11.1 % 12.2 % 12.0 % Regional Management Corp. and Subsidiaries Consolidated Balance Sheets (Unaudited) (dollars in thousands, except par value amounts) Increase (Decrease) 4Q 25 4Q 24 $ % Assets Cash $ 3,823 $ 3,951 $ (128 ) (3.2 )% Net finance receivables 2,140,199 1,892,535 247,664 13.1 % Unearned insurance premiums (52,896 ) (48,068 ) (4,828 ) (10.0 )% Allowance for credit losses (220,900 ) (199,500 ) (21,400 ) (10.7 )% Net finance receivables, less unearned insurance premiums and allowance for credit losses 1,866,403 1,644,967 221,436 13.5 % Restricted cash 94,174 131,684 (37,510 ) (28.5 )% Lease assets 43,828 38,442 5,386 14.0 % Intangible assets 31,781 24,524 7,257 29.6 % Restricted available-for-sale investments 24,211 21,712 2,499 11.5 % Property and equipment 13,156 13,677 (521 ) (3.8 )% Deferred tax assets, net — 9,286 (9,286 ) (100.0 )% Other assets 26,554 20,866 5,688 27.3 % Total assets $ 2,103,930 $ 1,909,109 $ 194,821 10.2 % Liabilities and Stockholders’ Equity Liabilities: Debt $ 1,650,764 $ 1,478,336 $ 172,428 11.7 % Unamortized debt issuance costs (8,591 ) (6,338 ) (2,253 ) (35.5 )% Net debt 1,642,173 1,471,998 170,175 11.6 % Lease liabilities 45,968 40,579 5,389 13.3 % Deferred tax liabilities, net 3,345 — 3,345 100.0 % Other liabilities 39,352 39,454 (102 ) (0.3 )% Total liabilities 1,730,838 1,552,031 178,807 11.5 % 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, 15,168 shares issued and 9,554 shares outstanding at December 31, 2025 and 14,921 shares issued and 10,010 shares outstanding at December 31, 2024) 1,517 1,492 25 1.7 % Additional paid-in capital 138,666 130,725 7,941 6.1 % Retained earnings 410,721 378,482 32,239 8.5 % Accumulated other comprehensive income (loss) (2 ) 62 (64 ) (103.2 )% Treasury stock (5,614 shares at December 31, 2025 and 4,911 shares at December 31, 2024) (177,810 ) (153,683 ) (24,127 ) (15.7 )% Total stockholders’ equity 373,092 357,078 16,014 4.5 % Total liabilities and stockholders’ equity $ 2,103,930 $ 1,909,109 $ 194,821 10.2 % Regional Management Corp. and Subsidiaries Selected Financial Data (Unaudited) (dollars in thousands, except per share amounts) Net Finance Receivables 4Q 25 3Q 25 QoQ $ Inc (Dec) QoQ % Inc (Dec) 4Q 24 YoY $ Inc (Dec) YoY % Inc (Dec) Large loans $ 1,593,171 $ 1,512,140 $ 81,031 5.4 % $ 1,336,780 $ 256,391 19.2 % Small loans 547,028 540,877 6,151 1.1 % 555,755 (8,727 ) (1.6 )% Total $ 2,140,199 $ 2,053,017 $ 87,182 4.2 % $ 1,892,535 $ 247,664 13.1 % Number of branches 353 349 4 1.1 % 344 9 2.6 % Net finance receivables per branch $ 6,063 $ 5,883 $ 180 3.1 % $ 5,502 $ 561 10.2 % Average Net Finance Receivables 4Q 25 3Q 25 QoQ $ Inc (Dec) QoQ % Inc (Dec) 4Q 24 YoY $ Inc (Dec) YoY % Inc (Dec) Large loans $ 1,552,956 $ 1,460,187 $ 92,769 6.4 % $ 1,315,375 $ 237,581 18.1 % Small loans 535,316 541,201 (5,885 ) (1.1 )% 537,463 (2,147 ) (0.4 )% Total $ 2,088,272 $ 2,001,388 $ 86,884 4.3 % $ 1,852,838 $ 235,434 12.7 % Revenue Yields (1) 4Q 25 3Q 25 QoQ Inc (Dec) 4Q 24 YoY Inc (Dec) Large loans 27.1 % 27.1 % 0.0 % 26.8 % 0.3 % Small loans 35.8 % 36.7 % (0.9 )% 37.4 % (1.6 )% Total interest and fee yield 29.3 % 29.7 % (0.4 )% 29.8 % (0.5 )% Total revenue yield 32.5 % 33.1 % (0.6 )% 33.4 % (0.9 )% (1) Annualized as a percentage of average net finance receivables. Components of Increase in Interest and Fee Income 4Q 25 Compared to 4Q 24 Increase (Decrease) Volume Rate Volume & Rate Total Large loans $ 15,904 $ 1,026 $ 186 $ 17,116 Small loans (200 ) (2,141 ) 8 (2,333 ) Product mix 1,862 (1,355 ) (507 ) — Total $ 17,566 $ (2,470 ) $ (313 ) $ 14,783 Loans Originated (1) 4Q 25 3Q 25 QoQ $ Inc (Dec) QoQ % Inc (Dec) 4Q 24 YoY $ Inc (Dec) YoY % Inc (Dec) Large loans $ 364,194 $ 363,055 $ 1,139 0.3 % $ 281,632 $ 82,562 29.3 % Small loans 173,122 159,210 13,912 8.7 % 194,268 (21,146 ) (10.9 )% Total $ 537,316 $ 522,265 $ 15,051 2.9 % $ 475,900 $ 61,416 12.9 % (1) Represents the principal balance of loan originations and refinancings. Other Key Metrics 4Q 25 3Q 25 4Q 24 Net credit losses $ 57,479 $ 51,274 $ 50,226 Percentage of average net finance receivables (annualized) 11.0 % 10.2 % 10.8 % Provision for credit losses $ 66,379 $ 60,474 $ 57,626 Percentage of average net finance receivables (annualized) 12.7 % 12.1 % 12.4 % Percentage of total revenue 39.1 % 36.5 % 37.2 % General and administrative expenses $ 64,519 $ 64,068 $ 64,646 Percentage of average net finance receivables (annualized) 12.4 % 12.8 % 14.0 % Percentage of total revenue 38.0 % 38.7 % 41.8 % Same store results (1): Net finance receivables at period-end $ 2,087,903 $ 2,000,665 $ 1,880,251 Net finance receivable growth rate 10.9 % 9.9 % 6.1 % Number of branches in calculation 336 333 337 (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 4Q 25 3Q 25 4Q 24 Allowance for credit losses $ 220,900 10.3 % $ 212,000 10.3 % $ 199,500 10.5 % Current 1,809,107 84.5 % 1,740,356 84.8 % 1,590,381 84.0 % 1 to 29 days past due 169,858 8.0 % 168,380 8.2 % 156,312 8.3 % Delinquent accounts: 30 to 59 days 41,235 1.9 % 40,100 1.9 % 36,948 1.9 % 60 to 89 days 37,158 1.7 % 31,914 1.6 % 35,242 1.9 % 90 to 119 days 30,818 1.5 % 26,304 1.2 % 28,085 1.5 % 120 to 149 days 27,765 1.3 % 23,722 1.2 % 23,987 1.3 % 150 to 179 days 24,258 1.1 % 22,241 1.1 % 21,580 1.1 % Total delinquency $ 161,234 7.5 % $ 144,281 7.0 % $ 145,842 7.7 % Total net finance receivables $ 2,140,199 100.0 % $ 2,053,017 100.0 % $ 1,892,535 100.0 % 1 day and over past due $ 331,092 15.5 % $ 312,661 15.2 % $ 302,154 16.0 % Contractual Delinquency by Product 4Q 25 3Q 25 4Q 24 Large loans $ 99,956 6.3 % $ 85,865 5.7 % $ 88,054 6.6 % Small loans 61,278 11.2 % 58,416 10.8 % 57,788 10.4 % Total $ 161,234 7.5 % $ 144,281 7.0 % $ 145,842 7.7 % Income Statement Quarterly Trend 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 QoQ $ B(W) YoY $ B(W) Revenue Interest and fee income $ 138,246 $ 136,553 $ 140,695 $ 148,672 $ 153,029 $ 4,357 $ 14,783 Insurance income, net 11,792 11,297 11,499 11,391 11,386 (5 ) (406 ) Other income 4,794 5,117 5,248 5,424 5,287 (137 ) 493 Total revenue 154,832 152,967 157,442 165,487 169,702 4,215 14,870 Expenses Provision for credit losses 57,626 57,992 60,587 60,474 66,379 (5,905 ) (8,753 ) Personnel 40,549 41,142 38,584 39,517 40,394 (877 ) 155 Occupancy 6,748 6,906 6,911 7,160 7,227 (67 ) (479 ) Marketing 4,777 5,406 5,059 4,212 3,874 338 903 Other 12,572 12,589 12,391 13,179 13,024 155 (452 ) Total general and administrative 64,646 66,043 62,945 64,068 64,519 (451 ) 127 Interest expense 19,805 19,771 20,426 21,971 22,646 (675 ) (2,841 ) Income before income taxes 12,755 9,161 13,484 18,974 16,158 (2,816 ) 3,403 Income taxes 2,841 2,154 3,344 4,618 3,249 1,369 (408 ) Net income $ 9,914 $ 7,007 $ 10,140 $ 14,356 $ 12,909 $ (1,447 ) $ 2,995 Net income per common share: Basic $ 1.02 $ 0.73 $ 1.07 $ 1.53 $ 1.40 $ (0.13 ) $ 0.38 Diluted $ 0.98 $ 0.70 $ 1.03 $ 1.42 $ 1.30 $ (0.12 ) $ 0.32 Weighted-average shares outstanding: Basic 9,691 9,610 9,504 9,370 9,233 137 458 Diluted 10,128 10,025 9,843 10,133 9,941 192 187 Balance Sheet & Other Key Metrics Quarterly Trends 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 QoQ $ Inc (Dec) YoY $ Inc (Dec) Total assets $ 1,909,109 $ 1,900,683 $ 1,967,131 $ 2,028,266 $ 2,103,930 $ 75,664 $ 194,821 Net finance receivables $ 1,892,535 $ 1,890,351 $ 1,960,364 $ 2,053,017 $ 2,140,199 $ 87,182 $ 247,664 Allowance for credit losses $ 199,500 $ 199,100 $ 202,800 $ 212,000 $ 220,900 $ 8,900 $ 21,400 Debt $ 1,478,336 $ 1,477,860 $ 1,509,133 $ 1,581,992 $ 1,650,764 $ 68,772 $ 172,428 Interest and fee yield (1) 29.8 % 28.9 % 29.4 % 29.7 % 29.3 % (0.4 )% (0.5 )% Efficiency ratio (2) 41.8 % 43.2 % 40.0 % 38.7 % 38.0 % (0.7 )% (3.8 )% Operating expense ratio (3) 14.0 % 14.0 % 13.2 % 12.8 % 12.4 % (0.4 )% (1.6 )% Delinquency rate (4) 7.7 % 7.1 % 6.6 % 7.0 % 7.5 % 0.5 % (0.2 )% Net credit loss rate (5) 10.8 % 12.4 % 11.9 % 10.2 % 11.0 % 0.8 % 0.2 % Book value per share $ 35.67 $ 35.48 $ 36.43 $ 37.94 $ 39.05 $ 1.11 $ 3.38 (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. Average Net Finance Receivables FY 25 FY 24 YoY $ Inc (Dec) YoY % Inc (Dec) Large loans $ 1,432,174 $ 1,278,683 $ 153,491 12.0 % Small loans 541,363 509,798 31,565 6.2 % Total $ 1,973,537 $ 1,788,481 $ 185,056 10.3 % Revenue Yields FY 25 FY 24 YoY Inc (Dec) Large loans 26.7 % 26.4 % 0.3 % Small loans 36.2 % 37.5 % (1.3 )% Total interest and fee yield 29.3 % 29.6 % (0.3 )% Total revenue yield 32.7 % 32.9 % (0.2 )% Components of Increase in Interest and Fee Income FY 25 Compared to FY 24 Increase (Decrease) Volume Rate Volume & Rate Total Large loans $ 40,538 $ 4,189 $ 503 $ 45,230 Small loans 11,838 (6,604 ) (409 ) 4,825 Product mix 2,349 (1,817 ) (532 ) — Total $ 54,725 $ (4,232 ) $ (438 ) $ 50,055 Loans Originated (1) FY 25 FY 24 FY $ Inc (Dec) FY % Inc (Dec) Large loans $ 1,305,531 $ 973,048 $ 332,483 34.2 % Small loans 656,499 681,463 (24,964 ) (3.7 )% Total $ 1,962,030 $ 1,654,511 $ 307,519 18.6 % (1) Represents the principal balance of loan originations and refinancings. Other Key Metrics FY 25 FY 24 Net credit losses $ 224,032 $ 200,100 Percentage of average net finance receivables 11.4 % 11.2 % Provision for credit losses $ 245,432 $ 212,200 Percentage of average net finance receivables 12.4 % 11.9 % Percentage of total revenue 38.0 % 36.1 % General and administrative expenses $ 257,575 $ 247,698 Percentage of average net finance receivables 13.1 % 13.8 % Percentage of total revenue 39.9 % 42.1 % 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. 4Q 25 Debt $ 1,650,764 Total stockholders' equity 373,092 Less: Intangible assets 31,781 Tangible equity (non-GAAP) $ 341,311 Funded debt-to-equity ratio 4.4 x Funded debt-to-tangible equity ratio (non-GAAP) 4.8 x Source: Regional Management Corp.