Regional Management Corp (RM) 2013年年度报告「NYSE」.pdf

1、Fiscal Year 2013 Annual Report on Form 10-KProxy Statement for the 2014 Annual Meeting of StockholdersRegional Management Corp.509 W.Butler Road Greenville,SC 29607 509 West Butler Road,Greenville,South Carolina 29607 Phone(864)422-8011,Fax(864)422-8035 March 2014 Dear Stockholder:It was another suc

2、cessful,record-breaking year for Regional Management Corp.,as we continued to register double-digit growth on both our top and bottom lines.For 2013,we recorded revenue of$170.6 million,up 25.7%from the prior year;net income of$28.8 million;and diluted earnings per share of$2.23.We increased our fin

3、ance receivables by nearly 24%,and our active accounts grew 37%from the prior year-end.Let me briefly take you through our 2013 highlights.In the first half of 2013,we entered our eighth stateGeorgiaand proceeded to significantly expand our brand throughout the southeast and southwestern U.S.with al

4、acrity.By the end of June,we had already opened over 40 de novo branches,essentially completing our expansion plans for 2013 in just six months.Commensurate with our de novo expansion and growth strategy,in May,we increased the availability of our senior revolving credit facility from$325 million to

5、$500 millionfurther evidence of Regionals fiscal responsibility and overall strength.With the branch expansion essentially complete by the end of June,it allowed us to focus our efforts in the second half of 2013 on increasing our total yield,which had started to tail off at the end of 2012,and fine

6、-tuning our direct mail campaigns.The results of both initiatives were positiveafter hitting a bottom in April,our total yield slowly but steadily increased as we made a conscious decision to prioritize our small installment loan category.And our back-to-school and holiday direct mail campaigns were