Regional Management Corp.

Regional Management reported record quarterly total revenue and higher net income and diluted earnings per share year over year, helped by portfolio growth and fee income from its bank partnership. Credit costs rose from a year earlier as net credit losses increased, concentrated in loans originated in the prior year and the digital affiliate channel, although losses improved sequentially. Management cited tightened underwriting, enhanced fraud controls and a new origination scorecard, and expects the bank partnership to support growth and higher returns over time.