Regional Management Corp (RM) 2014年年度报告「NYSE」.pdf

1、Fiscal Year 2014 Annual Report on Form 10-KProxy Statement for the 2015 Annual Meeting of StockholdersRegional Management Corp.509 W.Butler Road Greenville,SC 29607OUR VISIONWe will positively impact the financial lives of our customers and become the nation s“best-in-class”traditional installment l

2、ender.509 West Butler Road,Greenville,South Carolina 29607 Phone(864)422-8011,Fax(864)422-8035 March 2015 Dear Valued Stockholders:2014 was a very difficult year for our company.We entered the year with considerable momentum coming off of a strong 2013,but that momentum was soon interrupted with del

3、inquency problems in the first quarter caused by inadequate staffing,followed by two quarters of poor quality solicitations that resulted in increased credit losses.Both problems impacted our earnings and challenged the confidence that our investors had in our abilities to effectively run the compan

4、y.However,we tackled our challenges head-on,significantly boosted our senior management depth,and by the end of the year,had made significant progress toward turning around the company and placing us back on the path to both top-and bottom-line growth.For 2014,we recorded revenue of$204.7 million,up

5、 20%from the prior year,and our finance receivables were$546 million at the end of the year,essentially flat to year-end 2013.Net income was$14.8 million,and diluted earnings per share were$1.14,both off of our expectations and our growth trajectory.To that end,upon my taking over the CEO role in Oc

6、tober,we set out specific near-term objectives in order to fix our issues and reposition Regional for stability and growth.Among our objectives,we were determined to get our credit quality under control,focus our top-line efforts on our small and large installment loansour most important categoriesa