Regional Management Corp (RM) 2015年年度报告「NYSE」.pdf

1、Regional Management Corp.509 W.Butler RoadGreenville,SC 29607Serving the Evolving Needsof Our Customers2015 ANNUAL REPORTFiscal Year 2015 Form 10-KProxy Statement for the 2016 Annual Meeting of Stockholders 509 West Butler Road,Greenville,South Carolina 29607 Phone(864)422-8011,Fax(864)422-8035 Marc

2、h 2016 Dear Valued Stockholders:In 2015,we made significant progress in managing our company across a number of important operating and strategic dimensions.Following the direct mail solicitation and credit issues of 2014,we knew what was necessary to move the company forward in 2015:build the portf

3、olio in our core product categories,carefully manage our credit quality,and control our expense base.We focused on each of those strategies throughout the year and were pleased with our 2015 results.In 2015,our portfolio grew by$82.3 million,or 15.1%,after virtually no growth in 2014.The credit qual

4、ity of our portfolios also improved considerably,as evidenced by our overall loss rateswhich declined 160 bps,from 10.7%to 9.1%in 2015and our improved delinquency profile.Revenues of$217 million were up over 6%from 2014,while expenses flattened out as the year went on,ending with a fourth quarter ex

5、pense base of$28.6 million,an improvement from$32.6 million in the first quarter of 2015.As a result,net income for the year was$23.4 million,an increase of$8.6 million,or 57.9%,from 2014,and diluted EPS was$1.79,a 57%increase from 2014.We also made substantial progress on a number of important stra

6、tegic fronts throughout the year.We identified the large loan category as a growth opportunity for the company and expanded the portfolio from$46 million at the end of 2014 to$147 millionor more than threefoldby the end of 2015.The large loan category now represents 23%of our total portfolio.We also