Regional Management Corp (RM) 2017年年度报告「NYSE」.pdf

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1、Regional Management Corp.979 Batesville Rd,Suite B Greer,SC 296512017 Annual ReportFiscal Year 2017 Form 10-KProxy Statement for the 2018 Annual Meeting of StockholdersRegional Management Corp.|2017 Annual Report|Fiscal Year 2017 Form 10-K|Proxy Statement for the 2018 Annual Meeting of Stockholders

2、Regional Management Corp.979 Batesville Road,Suite B Greer,South Carolina 29651 March 2018 Dear Valued Stockholders:We produced another set of strong operating and financial results in 2017,including double-digit growth of our loan portfolio,total revenue,and diluted earnings per share.Perhaps more

3、importantly to our long-term success,we took significant steps to modernize our infrastructure.We have now successfully completed our transition to a new loan origination and servicing system,leaving us well-positioned to continue our top and bottom line growth in 2018 and beyond.In 2017,our loan po

4、rtfolio grew by$100 million to$817 million,an increase of 14%from the prior year-our third consecutive year of double-digit portfolio growth.Our core portfolio of small and large installment loans grew by 22%,led by continued significant expansion in our large loan category.Revenues of$272 million i

5、n 2017 were up 13%from 2016,while operating expenses as a percentage of average net receivables were down slightly,even with the expense of our loan system conversion.Net income for 2017 was$30 million and diluted EPS was$2.54,an increase of 25%and 28%,respectively,from 2016.Our hybrid growth strate

6、gy of increasing average receivables in our existing branches,coupled with some de novo branch expansion,was central to delivering our outstanding 2017 results.At the end of 2016,our average finance receivables per branch was$2.1 million.By the end of 2017,we grew that figure to nearly$2.4 million.T