Regional Management Corp (RM) 2020年年度报告「NYSE」.pdf

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1、2020 Annual ReportFiscal Year 2020 Form 10-KProxy Statement for the2021 Annual Meeting of Stockholders Regional Management Corp.979 Batesville Road,Suite B Greer,South Carolina 29651 ?April 15,2021 Dear Valued Stockholders:We hope this letter continues to find you and your families safe and healthy.

2、2020 was a year unlike any other that we have experienced,as our team and our communities encountered incredible challenges seemingly overnight.In these times,we were put to the test,and I m proud to say that our team rose to the challenge by executing in all facets,allowing us to successfully navig

3、ate through the pandemic.Our omni-channel operating model proved its adaptability and resilience,and we enter 2021 in a position of considerable strength with a robust balance sheet,ready to embark on our next phase of growth.For 2020,we ended the year with$1.136 billion in outstanding finance recei

4、vables,which was a slight increase from where our portfolio stood at the end of 2019.When you consider the impact of the pandemic from March to June 2020,growing the portfolio during the year was a particularly impressive feat.Total revenue of$374 million in 2020 grew 5%from 2019 as we maintained a

5、stable credit profile throughout the year,including months of historically low delinquency rates thanks to the government stimulus and our custom credit scorecards.We also appropriately managed our operating expenses,while still investing in the digital initiatives that will facilitate our long-term

6、 success.Net income for 2020 was$27 million and diluted EPS was$2.40.Over the past few years,we have made significant investments to greatly strengthen our infrastructure and ensure we are in prime position for sustainable and profitable long-term growth.The onset of the pandemic pressed us to rely