RM — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-31

• Comparison of the Six Months Ended June 30, 2026, versus the Six Months Ended June 30, 2025

• The following discussion and analysis should be read in conjunction with, and is qualified in its entirety by reference to, our unaudited consolidated financial statements and the related notes that appear elsewhere in this Quarterly Report on Form 10-Q. These discussions contain forward-looking sta…

• We are a diversified consumer finance company that provides installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. As of June 30, 2026, we operate under the name “Regional Finance” online and in 357 branc…

• Small Loans (≤$2,500) – As of June 30, 2026, we had 270.5 thousand small installment loans outstanding, representing $488.6 million in net finance receivables. This included 138.1 thousand small loan convenience checks, representing $211.9 million in net finance receivables.

• Bank Partnership Program. On March 2, 2026, we entered an agreement with Column, under which Column originates certain unsecured and auto-secured installment loan products offered through our platform and other approved channels. This program is an important enabler of our long-term strategy, provid…

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• The following discussion and analysis should be read in conjunction with, and is qualified in its entirety by reference to, our unaudited consolidated financial statements and the related notes that appear elsewhere in this Quarterly Report on Form 10-Q. These discussions contain forward-looking sta…

• We are a diversified consumer finance company that provides installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders. As of March 31, 2026, we operate under the name “Regional Finance” online and in 355 bran…

• Large Loans (>$2,500) – As of March 31, 2026, we had 286.8 thousand large installment loans outstanding, representing $1.6 billion in net finance receivables. This included 81.2 thousand large loan convenience checks, representing $259.7 million in net finance receivables.

• Our growth decisions consider consumer health, strength of the economy, and the credit performance of our portfolio. We balance our commitment to deliver strong short-term results while also generating the portfolio growth that will fuel our success and returns over the long term. As we grow our por…

• Total originations decreased to $388.0 million during the three months ended March 31, 2026, from $392.1 million during the prior-year period due to lower small loan demand from a stronger tax refund season and disciplined underwriting. The following table represents the principal balance of loans o…

Text removed vs the prior filing · source: 10-Q · 2026-05-01

• Our efforts to launch products and services through our bank partner may be unsuccessful.

• We currently have a bank partnership program with Column. Pursuant to this arrangement, Column provides secured and unsecured installment lending products to consumers in select states through our platform and other approved channels, and we act as the service provider and program manager for these …

• Further, state and federal agencies have broad discretion to interpret the laws relating to bank partnership programs and may alter their interpretation of the applicable laws at any time, which could negatively impact our bank partnership program. Some states are also introducing and passing legisl…

• Recent litigation and government enforcement action have also challenged the validity of certain bank partnerships, including disputes seeking to recharacterize the non-bank party in a bank partnership lending transaction as the “true lender.” If the legal structure underlying our relationship with …