GREER, S.C. — Regional Management Corp., the consumer lender based in Greer, turned a third-quarter profit of $15.1 million, according to results it released Wednesday.
That works out to $1.61 for each share. Revenue for the three months that ended in September reached $178.8 million, which the financial services company called a record.
The firm, which does business as Regional Finance, makes fixed-rate installment loans to borrowers who have trouble getting credit from banks or card companies. It runs branches in 20 states.
Its loan book stood at $2.2 billion at the end of September. Its net credit loss rate came in at 10.9%, better than the second quarter but up 70 basis points from a year earlier.
Shareholders will get a dividend of $0.30 per share on December 16, 2026, if they own stock as of November 18. The company also named Elizabeth Canini as its new chief credit risk officer, starting Nov. 2.
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