10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2024

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period ended

Commission File Number: 001-35477

Regional Management Corp.

(Exact name of registrant as specified in its charter)

Delaware	57-0847115
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
979 Batesville Road, Suite B Greer, South Carolina	29651
(Address of principal executive offices)	(Zip Code)

(864) 448-7000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
Common Stock, $0.10 par value	RM	New York Stock Exchange

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☒
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of July 30, 2024, the registrant had outstanding 10,155,600 shares of Common Stock, $0.10 par value.

Regional Management Corp.

QUARTERLY Report on Form 10-Q

Fiscal Quarter Ended June 30, 2024

Table of Contents

	Page
GLOSSARY	3
PART I – FINANCIAL INFORMATION
Item 1. Financial Statements
Consolidated Balance Sheets Dated June 30, 2024 and December 31, 2023	4
Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 30, 2024 and 2023	5
Consolidated Statements of Stockholders’ Equity for the Three and Six Months Ended June 30, 2024 and 2023	6
Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2024 and 2023	8
Notes to Consolidated Financial Statements	10
Note 1. Nature of Business	10
Note 2. Basis of Presentation and Significant Accounting Policies	10
Note 3. Finance Receivables, Credit Quality Information, and Allowance for Credit Losses	13
Note 4. Restricted Available-for-Sale Investments	20
Note 5. Debt	22
Note 6. Stockholders’ Equity	25
Note 7. Disclosure About Fair Value of Financial Instruments	25
Note 8. Income Taxes	26
Note 9. Earnings Per Share	27
Note 10. Share-Based Compensation	27
Note 11. Commitments and Contingencies	30
Note 12. Subsequent Events	31
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	32
Item 3. Quantitative and Qualitative Disclosures About Market Risk	46
Item 4. Controls and Procedures	47
PART II – OTHER INFORMATION
Item 1. Legal Proceedings	48
Item 1A. Risk Factors	48
Item 5. Other Information	48
Item 6. Exhibits	49
SIGNATURE	51

GLOSSARY

Terms and abbreviations used in this report are defined below:

Term or Abbreviation	Definition
2007 Plan	2007 Management Incentive Plan
2011 Plan	2011 Stock Incentive Plan
2015 Plan	2015 Long-Term Incentive Plan
2024 Plan	2024 Long-Term Incentive Plan
ASU	Accounting Standards Update
Board	the Company's Board of Directors
CFPB	Consumer Financial Protection Bureau
Company	Regional Management Corp.
Consent Agreement	Consent Agreement between the CFPB and the Company dated January 4, 2024
CSPU	cash-settled performance unit
Efficiency ratio	annualized general and administrative expenses as a percentage of total revenue
Exchange Act	the Securities Exchange Act of 1934, as amended
FASB	Financial Accounting Standard Board
FICO	Fair Isaac Corporation
GAAP	U.S. Generally Accepted Accounting Principles
KTIP	key team member incentive program
LGD	loss given default
LTIP	long-term incentive program
Net credit loss ratio	annualized net credit losses as a percentage of average net finance receivables
Notice	notice provided by the CFPB to the Company dated March 7, 2023
NQSO	nonqualified stock option
Operating expense ratio	annualized general and administrative expenses as a percentage of average net finance receivables
PD	probability of default
PRSU	performance restricted stock unit
RMIT	Regional Management Issuance Trust
RMR	Regional Management Receivables
RMR II	Regional Management Receivables II, LLC
RMR III	Regional Management Receivables III, LLC
RMR IV	Regional Management Receivables IV, LLC
RMR V	Regional Management Receivables V, LLC
RMR VI	Regional Management Receivables VI, LLC
RMR VII	Regional Management Receivables VII, LLC
RSA	restricted stock award
RSU	restricted stock unit
SEC	Securities and Exchange Commission
SOFR	secured overnight financing rate
SPE	wholly owned, bankruptcy-remote, special purpose entity
VIE	variable interest entity

3

Part I – financial information

ITEM 1. FINANCIAL STATEMENTS.

Regional Management Corp. and Subsidiaries

Consolidated Balance Sheets

(in thousands, except par value amounts)

	(Unaudited)
	June 30, 2024			December 31, 2023
Assets
Cash	$	4,323		$	4,509
Net finance receivables		1,773,743			1,771,410
Unearned insurance premiums		(46,081	)		(47,892	)
Allowance for credit losses		(185,400	)		(187,400	)
Net finance receivables, less unearned insurance premiums and  allowance for credit losses		1,542,262			1,536,118
Restricted cash		138,891			124,164
Lease assets		35,144			34,303
Intangible assets		19,264			15,846
Property and equipment		13,411			13,787
Deferred tax assets, net		12,376			13,641
Restricted available-for-sale investments		2,157			22,740
Other assets		21,224			29,419
Total assets	$	1,789,052		$	1,794,527
Liabilities and Stockholders’ Equity
Liabilities:
Debt	$	1,378,449		$	1,399,814
Unamortized debt issuance costs		(5,616	)		(4,578	)
Net debt		1,372,833			1,395,236
Lease liabilities		37,286			36,576
Accounts payable and accrued expenses		34,030			40,442
Total liabilities		1,444,149			1,472,254
Commitments and contingencies (Note 11)
Stockholders’ equity:
Preferred stock ($0.10 par value, 100,000 shares authorized, none issued or outstanding)		—			—
Common stock ($0.10 par value, 1,000,000 shares authorized, 14,962 shares issued and 10,156 shares outstanding at June 30, 2024 and 14,566 shares issued and 9,759 shares outstanding at December 31, 2023)		1,496			1,457
Additional paid-in capital		126,373			121,752
Retained earnings		367,216			349,579
Accumulated other comprehensive loss		(39	)		(372	)
Treasury stock (4,807 shares at June 30, 2024 and December 31, 2023)		(150,143	)		(150,143	)
Total stockholders’ equity		344,903			322,273
Total liabilities and stockholders’ equity	$	1,789,052		$	1,794,527

See accompanying notes to consolidated financial statements.

4

Regional Management Corp. and Subsidiaries

Consolidated Statements of Comprehensive Income

(Unaudited)

(in thousands, except per share amounts)

	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Revenue
Interest and fee income	$	127,898		$	118,083		$	256,716		$	238,490
Insurance income, net		10,507			11,203			21,481			22,162
Other income		4,620			4,198			9,136			8,210
Total revenue		143,025			133,484			287,333			268,862
Expenses
Provision for credit losses		53,802			52,551			100,225			100,219
Personnel		37,097			36,419			74,917			75,016
Occupancy		6,149			6,158			12,524			12,446
Marketing		4,836			3,844			9,151			7,223
Other		12,054			10,475			23,992			21,534
Total general and administrative expenses		60,136			56,896			120,584			116,219
Interest expense		17,865			16,224			35,369			33,006
Income before income taxes		11,222			7,813			31,155			19,418
Income taxes		2,777			1,790			7,505			4,706
Net income	$	8,445		$	6,023		$	23,650		$	14,712
Net income per common share:
Basic	$	0.88		$	0.64		$	2.47		$	1.57
Diluted	$	0.86		$	0.63		$	2.41		$	1.53
Weighted-average common shares outstanding:
Basic		9,613			9,399			9,591			9,363
Diluted		9,863			9,566			9,805			9,595
Other comprehensive income, net of tax
Unrealized income on restricted available-for-sale investments		228			14			423			277
Other comprehensive income, before tax		228			14			423			277
Income taxes related to items of other comprehensive income		(48	)		(3	)		(90	)		(58	)
Other comprehensive income, net of tax		180			11			333			219
Total comprehensive income	$	8,625		$	6,034		$	23,983		$	14,931

See accompanying notes to consolidated financial statements.

5

Regional Management Corp. and Subsidiaries

Consolidated Statements of Stockholders’ Equity

(Unaudited)

(in thousands)

	Three Months Ended June 30, 2024
													Accumulated
	Common Stock						Additional Paid-In			Retained			Other Comprehensive			Treasury
	Shares			Amount			Capital			Earnings			Income (Loss)			Stock			Total
Balance, March 31, 2024		14,675		$	1,468		$	123,563		$	361,791		$	(219	)	$	(150,143	)	$	336,460
Cash dividends		—			—			—			(3,020	)		—			—			(3,020	)
Issuance of restricted stock awards		304			30			(30	)		—			—			—			—
Shares withheld related to net share settlement		(17	)		(2	)		(428	)		—			—			—			(430	)
Share-based compensation		—			—			3,268			—			—			—			3,268
Net income		—			—			—			8,445			—			—			8,445
Other comprehensive income		—			—			—			—			180			—			180
Balance, June 30, 2024		14,962		$	1,496		$	126,373		$	367,216		$	(39	)	$	(150,143	)	$	344,903

	Three Months Ended June 30, 2023
													Accumulated
	Common Stock						Additional Paid-In			Retained			Other Comprehensive			Treasury
	Shares			Amount			Capital			Earnings			Income (Loss)			Stock			Total
Balance, March 31, 2023	$	14,385		$	1,438		$	114,452		$	351,324		$	(378	)	$	(150,143	)	$	316,693
Cash dividends		—			—			—			(3,001	)		—			—			(3,001	)
Issuance of restricted stock awards		266			27			(27	)		—			—			—			—
Exercise of stock options		18			2			287			—			—			—			289
Shares withheld related to net share settlement		(33	)		(3	)		(846	)		—			—			—			(849	)
Share-based compensation		—			—			2,336			—			—			—			2,336
Net income		—			—			—			6,023			—			—			6,023
Other comprehensive income		—			—			—			—			11			—			11
Balance, June 30, 2023		14,636		$	1,464		$	116,202		$	354,346		$	(367	)	$	(150,143	)	$	321,502

6

	Six Months Ended June 30, 2024
													Accumulated
	Common Stock						Additional Paid-In			Retained			Other Comprehensive			Treasury
	Shares			Amount			Capital			Earnings			Income (Loss)			Stock			Total
Balance, December 31, 2023		14,566		$	1,457		$	121,752		$	349,579		$	(372	)	$	(150,143	)	$	322,273
Cash dividends		—			—			—			(6,013	)		—			—			(6,013	)
Issuance of restricted stock awards		414			41			(41	)		—			—			—			—
Exercise of stock options		—			—			—			—			—			—			—
Shares withheld related to net share settlement		(18	)		(2	)		(438	)		—			—			—			(440	)
Share-based compensation		—			—			5,100			—			—			—			5,100
Net income		—			—			—			23,650			—			—			23,650
Other comprehensive income		—			—			—			—			333			—			333
Balance, June 30, 2024		14,962		$	1,496		$	126,373		$	367,216		$	(39	)	$	(150,143	)	$	344,903

	Six Months Ended June 30, 2023
													Accumulated
	Common Stock						Additional Paid-In			Retained			Other Comprehensive			Treasury
	Shares			Amount			Capital			Earnings			Income (Loss)			Stock			Total
Balance, December 31, 2022		14,330		$	1,433		$	112,384		$	345,545		$	(586	)	$	(150,143	)	$	308,633
Cash dividends		—			—			—			(5,911	)		—			—			(5,911	)
Issuance of restricted stock awards		322			32			(32	)		—			—			—			—
Exercise of stock options		18			2			287			—			—			—			289
Shares withheld related to net share settlement		(34	)		(3	)		(877	)		—			—			—			(880	)
Share-based compensation		—			—			4,440			—			—			—			4,440
Net income		—			—			—			14,712			—			—			14,712
Other comprehensive income		—			—			—			—			219			—			219
Balance, June 30, 2023		14,636		$	1,464		$	116,202		$	354,346		$	(367	)	$	(150,143	)	$	321,502

See accompanying notes to consolidated financial statements.

7

Regional Management Corp. and Subsidiaries

Consolidated Statements of Cash Flows

(Unaudited)

(in thousands)

	Six Months Ended June 30,
	2024			2023
Cash flows from operating activities:
Net income	$	23,650		$	14,712
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses		100,225			100,219
Depreciation and amortization		6,881			7,644
Amortization of deferred origination fees and costs		(7,577	)		(7,246	)
Loss on disposal of intangibles, property, and equipment		285			437
Share-based compensation		5,100			4,440
Deferred income taxes, net		1,175			(1,526	)
Changes in operating assets and liabilities:
Decrease in unearned insurance premiums		(1,811	)		(1,949	)
Increase in lease assets		(841	)		(475	)
Decrease in other assets		8,706			4,262
Decrease in accounts payable and accrued expenses		(6,537	)		(6,231	)
Increase in lease liabilities		710			438
Net cash provided by operating activities		129,966			114,725
Cash flows from investing activities:
Originations of finance receivables		(754,018	)		(706,642	)
Repayments of finance receivables		656,435			628,078
Purchases of intangible assets		(5,626	)		(3,633	)
Purchases of property and equipment		(2,235	)		(2,794	)
Purchase of restricted available-for-sale investments		(3,832	)		(1,900	)
Proceeds from maturities of restricted available-for-sale investments		24,715			2,117
Net cash used in investing activities		(84,561	)		(84,774	)
Cash flows from financing activities:
Advances on revolving credit facilities		766,117			821,658
Payments on revolving credit facilities		(843,994	)		(832,264	)
Advances on securitizations		187,305			—
Payments on securitizations		(130,612	)		—
Payments for debt issuance costs		(3,048	)		(2,763	)
Taxes paid related to net share settlement of equity awards		(286	)		(998	)
Cash dividends		(6,346	)		(6,210	)
Proceeds from exercise of stock options		—			289
Net cash used in financing activities		(30,864	)		(20,288	)
Net change in cash and restricted cash		14,541			9,663
Cash and restricted cash at beginning of period		128,673			131,799
Cash and restricted cash at end of period	$	143,214		$	141,462
Supplemental cash flow information:
Interest paid	$	33,074		$	29,170
Income taxes paid (refunded)	$	(90	)	$	1,188
Operating leases paid	$	5,641		$	4,738
Non-cash lease assets and liabilities acquired	$	5,278		$	4,370

8

The following table reconciles cash and restricted cash from the Consolidated Balance Sheets to the statements above:

	June 30, 2024		December 31, 2023		June 30, 2023
Cash	$	4,323	$	4,509	$	10,330
Restricted cash		138,891		124,164		131,132
Total cash and restricted cash	$	143,214	$	128,673	$	141,462

See accompanying notes to consolidated financial statements.

9

Regional Management Corp. and Subsidiaries

Notes to Consolidated Financial Statements

Note 1. Nature of Business

The Company was incorporated and began operations in 1987. The Company is engaged in the consumer finance business, offering large loans, small loans, and related payment and collateral protection insurance products. The Company formerly offered retail loans but ceased accepting applications for retail loan products effective November 2022. The Company continues to own and service its existing portfolio of retail loans. As of June 30, 2024, the Company operated under the name “Regional Finance” online and in branch locations in 19 states across the United States.

The Company’s large loan receivables are direct loans to customers, some of which are convenience check receivables and the vast majority of which are secured by non-essential household goods, automobiles, and/or other vehicles. Convenience checks are direct loans originated by mailing checks to customers based on a pre-screening process that includes a review of the prospective customer’s credit profile provided by national credit reporting bureaus or data aggregators. A recipient of a convenience check is able to enter into a loan by endorsing and depositing or cashing the check. The Company’s small loan portfolio is comprised of branch small loan receivables and convenience check receivables. Branch small loan receivables are direct loans to customers and are secured by non-essential household goods and, in some instances, an automobile. Retail loan receivables consist principally of retail installment sales contracts collateralized by the purchased furniture, appliances, and other retail items and are initiated by and purchased from retailers, subject to the Company’s credit approval.

The Company’s loan volume and contractual delinquency follow seasonal trends. Demand for the Company’s loans is typically highest during the second, third, and fourth quarters, which the Company believes is largely due to customers borrowing money for vacation, back-to-school, and holiday spending. Loan demand has generally been the lowest during the first quarter, which the Company believes is largely due to the timing of income tax refunds. Delinquencies generally reach their lowest point in the first half of the year and rise in the second half of the year. Changes in quarterly growth or liquidation could result in larger allowance for credit loss releases in periods of portfolio liquidation and larger provisions for credit losses in periods of portfolio growth. Consequently, the Company experiences seasonal fluctuations in its operating results. However, changes in macroeconomic factors, including inflation, rising interest rates, and geopolitical conflict, have impacted the Company’s typical seasonal trends for loan volume and delinquency.

Note 2. Basis of Presentation and Significant Accounting Policies

Basis of presentation: The consolidated financial statements of the Company have been prepared in accordance with SEC regulations and GAAP for interim financial information and, accordingly, do not include all information and note disclosures required by GAAP for complete financial statements. The interim financial statements in this Quarterly Report on Form 10-Q have not been audited by an independent registered public accounting firm in accordance with standards of the Public Company Accounting Oversight Board (United States), but in the opinion of management, the interim financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position, results of operations, and cash flows in accordance with GAAP. These consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as filed with the SEC.

Significant accounting policies: The following is a description of significant accounting policies used in preparing the financial statements. The accounting and reporting policies of the Company are in accordance with GAAP.

Principles of consolidation: The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Company operates through a separate wholly owned subsidiary in each state. The Company also consolidates VIEs when it is considered to be the primary beneficiary of the VIE because it has (i) power over the significant activities of the VIE and (ii) the obligation to absorb losses or the right to receive returns that could be significant to the VIE.

Variable interest entities: The Company transfers pools of loans to SPEs to secure debt for general funding purposes. These entities have the limited purpose of acquiring finance receivables, in addition to holding and making payments on the related debts. Assets transferred to each SPE are legally isolated from the Company and its affiliates, as well as the claims of the Company’s and its affiliates’ creditors. Further, the assets of each SPE are owned by such SPE and are not available to satisfy the debts or other obligations of the Company or any of its affiliates. The Company continues to service the finance receivables transferred to the SPEs. The lenders and investors in the debt issued by the SPEs generally only have recourse to the assets of the SPEs and do not have recourse to the general credit of the Company.

10

The SPEs’ debt arrangements are structured to provide credit enhancements to the lenders and investors, which may include overcollateralization, subordination of interests, excess spread, and reserve funds. These enhancements, along with the isolated finance receivables pools, increase the creditworthiness of the SPEs above that of the Company as a whole. This increases the marketability of the Company’s collateral for borrowing purposes, leading to more favorable borrowing terms, improved interest rate risk management, and additional flexibility to grow the business.

The SPEs are considered VIEs under GAAP and are consolidated into the financial statements of their primary beneficiary. The Company is considered to be the primary beneficiary of the SPEs because it has (i) power over the significant activities through its role as servicer of the finance receivables under each debt arrangement, (ii) the obligation to absorb losses that could be significant through note investment, if applicable, and (iii) the obligation to absorb losses or the right to receive returns that could be significant through the Company’s interest in the monthly residual cash flows of the SPEs.

Consolidation of VIEs results in these transactions being accounted for as secured borrowings; therefore, the pooled receivables and the related debts remain on the consolidated balance sheet of the Company. Each debt is secured solely by the assets of the VIEs and not by any other assets of the Company. The assets of the VIEs are the only source of funds for repayment on each debt, and restricted cash held by the VIEs can only be used to support payments on the debt. The Company recognizes revenue and provision for credit losses on the finance receivables of the VIEs and interest expense on the related secured debt.

Use of estimates: The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and disclosure of contingent assets and liabilities for the periods indicated in the financial statements. Actual results could differ from those estimates.

Estimates that are susceptible to change relate to the determination of the allowance for credit losses, the valuation of deferred tax assets and liabilities, and the fair value of financial instruments.

Recent accounting pronouncements: In November 2023, the FASB issued ASU 2023-07, improving the disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. These enhanced disclosures require reporting of incremental segment information on an annual and interim basis for all public entities, including public entities with only one reportable segment, to enable investors to develop more decision-useful financial analyses. The amendments in this update are effective for annual periods beginning after December 15, 2023 and interim periods within annual periods beginning after December 15, 2024, and early adoption is permitted. The segment reporting guidance should be applied retrospectively to all prior periods presented in the financial statements, and upon transition, the expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. The Company is currently evaluating the impact of this update on its consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09, enhancing the transparency and decision usefulness of income tax disclosures. The amendment, among other things, improves transparency of income tax disclosures by requiring more consistent categories and greater disaggregation of information in rate reconciliations, and disaggregation of income taxes paid by jurisdiction. The amendments in this update are effective for annual periods beginning after December 15, 2024, and early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The income tax guidance should be applied on a prospective basis, however, retrospective application is permitted. The Company is currently evaluating the impact of this update on its consolidated financial statements.

Net finance receivables: Generally, the Company classifies finance receivables as held for investment based on management’s intent at the time of origination. The Company determines classification on a receivable-by-receivable basis. The Company classifies finance receivables as held for investment due to its ability and intent to hold them until their contractual maturities. Net finance receivables consist of the Company’s installment loans. The Company carries net finance receivables at amortized cost, which includes remaining principal balance, accrued interest, and net unamortized deferred origination costs and unamortized fees.

Loan renewals are a significant piece of new volume and are considered a terminal event of the previous loan. The Company may renew delinquent secured or unsecured loan accounts if the customer meets the Company’s underwriting criteria and it does not appear the cause of past delinquency will affect the customer’s ability to repay the renewed loan.

Finance receivable origination fees and costs: Non-refundable fees received and direct costs (personnel and digital loan origination costs) incurred for the origination of finance receivables are deferred and recognized to interest income over their contractual lives using the constant yield method. Unamortized amounts are recognized in interest income at the time that finance receivables are paid in full, renewed, or charged off.

11

Nonaccrual status: Accrual of interest income on finance receivables is suspended when an account becomes 90 days delinquent. If the account is charged off, the accrued interest income is reversed as a reduction of interest and fee income. Interest received on such loans is accounted for on the cash-basis method, until qualifying for return to accrual. Under the cash-basis method, interest income is recorded when the payment is received. Loans resume accruing interest when the past due status is brought below 90 days. The Company made a policy election to not record an allowance for credit losses related to accrued interest because it has nonaccrual and charge-off policies that result in the timely suspension and reversal of accrued interest.

Allowance for credit losses: The allowance for credit losses is based on historical credit experience, current conditions, and reasonable and supportable economic forecasts. The historical loss experience is adjusted for quantitative and qualitative factors that are not fully reflected in the historical data. In determining its estimate of expected credit losses, the Company evaluates information related to credit metrics, changes in its lending strategies and underwriting practices, and the current and forecasted direction of the economic and business environment. These metrics include, but are not limited to, loan portfolio mix and growth, unemployment, credit loss trends, delinquency trends, changes in underwriting, and operational risks.

The Company selected a PD / LGD model to estimate its base allowance for credit losses, in which the estimated loss is equal to the product of PD and LGD. Historical net finance receivables are tracked over the term of the pools to identify the incidences of loss (PDs) and the average severity of losses (LGDs).

To enhance the precision of the allowance for credit loss estimate, the Company evaluates its finance receivable portfolio on a pool basis and segments each pool of finance receivables with similar credit risk characteristics. As part of its evaluation, the Company considers loan portfolio characteristics such as product type, loan size, loan term, internal or external credit scores, delinquency status, geographical location, and vintage. Based on analysis of historical loss experience, the Company selected the following segmentation: product type, FICO score, and delinquency status.

As finance receivables are originated, provisions for credit losses are recorded in amounts sufficient to maintain an allowance for credit losses at an adequate level to provide for estimated losses over the contractual life of the finance receivables (considering the effect of prepayments). Subsequent changes to the contractual terms that are a result of re-underwriting are not included in the finance receivable’s contractual life (considering the effect of prepayments). The Company uses its segmentation loss experience to forecast expected credit losses. Historical information about losses generally provides a basis for the estimate of expected credit losses. The Company also considers the need to adjust historical information to reflect the extent to which current conditions differ from the conditions that existed for the period over which historical information was evaluated. These adjustments to historical loss information may be qualitative or quantitative in nature.

Reasonable and supportable macroeconomic forecasts are required for the Company’s allowance for credit loss model. The Company engaged a major rating service to assist with compiling a reasonable and supportable forecast. The Company reviews macroeconomic forecasts to use in its allowance for credit losses. The Company adjusts the historical loss experience by relevant qualitative factors for these expectations. The Company does not require reversion adjustments, as the contractual lives of its portfolio are shorter than its available forecast periods.

The Company charges credit losses against the allowance for all products when an account reaches 180 days contractually delinquent, subject to certain exceptions. The Company’s customer accounts without a lien on a vehicle in a confirmed bankruptcy are charged off in the month following the bankruptcy notification or at 60 days contractually delinquent, subject to certain exceptions. Deceased borrower accounts are charged off in the month following the proper notification of passing, with the exception of borrowers with credit life insurance. Subsequent recoveries of amounts charged off, if any, are credited to the allowance.

Restricted cash: Restricted cash includes cash and cash equivalents for which the Company’s ability to withdraw funds is contractually limited. The Company’s restricted cash consists of cash reserves that are maintained as collateral for potential credit life insurance claims and cash restricted for debt servicing of the Company’s revolving warehouse credit facilities and securitizations.

Restricted available-for-sale investments: The Company classifies its investments in debt securities that were purchased with the Company’s restricted cash as restricted available-for-sale investments and carries the investments at fair value. Unrealized gains and losses, net of taxes, are excluded from earnings and reported in other comprehensive income or loss until realized. The unrealized gains and losses, net of taxes, are recorded on the consolidated balance sheet in accumulated other comprehensive income or loss in stockholders’ equity. Realized gains and losses from the sale of available-for-sale investments are specifically identified and reclassified from accumulated other comprehensive income or loss and included within earnings on the consolidated statement of income.

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Share-based compensation: The Company measures compensation cost for share-based awards at estimated fair value and recognizes compensation expense over the service period for awards expected to vest. The Company uses the closing stock price on the date of grant as the fair value of RSAs, performance-contingent RSUs, and service-based RSUs. The fair value of NQSOs is determined using the Black-Scholes valuation model, and the fair value of PRSUs is determined using the Monte Carlo valuation model. The Black-Scholes and Monte Carlo models require the input of assumptions, including expected volatility, expected dividends, expected term, risk-free interest rate, and a discount associated with post-vest holding restrictions, changes to which can affect the fair value estimate. Expected volatility is based on the Company’s historical stock price volatility. Expected dividends are calculated using the expected dividend yield (annualized dividends divided by the grant date stock price). The expected term is calculated by using the simplified method (average of the vesting and original contractual terms) due to insufficient historical data to estimate the expected term. The risk-free rate is based on the zero-coupon U.S. Treasury bond rate over the expected term of the awards. The estimated discount associated with post-vest holding restrictions is calculated using a blend of the Finnerty and Chaffe models. In addition, the estimation of share-based awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from current estimates, such amounts will be recorded as a cumulative adjustment in the period estimates are revised.

Note 3. Finance Receivables, Credit Quality Information, and Allowance for Credit Losses

Net finance receivables for the periods indicated consisted of the following:

Dollars in thousands	June 30, 2024		December 31, 2023
Large loans	$	1,266,032	$	1,274,137
Small loans		505,640		493,473
Retail loans		2,071		3,800
Net finance receivables	$	1,773,743	$	1,771,410

Net finance receivables included net deferred origination fees and costs of $14.2 million and $15.1 million as of June 30, 2024 and December 31, 2023, respectively.

The credit quality of the Company’s finance receivable portfolio is dependent on the Company’s ability to enforce sound underwriting standards, maintain diligent servicing of the portfolio, and respond to changing economic conditions as it manages and grows its portfolio. The allowance for credit losses uses FICO scores and delinquency as key data points in estimating the allowance. The Company uses six FICO band categories to assess FICO scores. The first three FICO band categories include subprime FICO scores below 620. The fourth and fifth FICO band categories include near-prime FICO scores ranging from 620 to 659. The sixth FICO band category includes prime FICO scores of 660 or higher.

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Net finance receivables by product, FICO band at origination, and origination year as of June 30, 2024 are as follows:

	Net Finance Receivables by Origination Year
Dollars in thousands	2024		2023		2022		2021		2020		Prior		Total Net Finance Receivables
Large Loans:
FICO Band
1	$	47,762	$	58,131	$	18,964	$	6,212	$	1,431	$	665	$	133,165
2		29,083		31,972		10,225		3,083		454		191		75,008
3		47,051		58,352		27,902		8,357		946		158		142,766
4		65,416		83,193		41,088		11,697		1,618		230		203,242
5		69,913		90,889		45,146		14,545		1,906		134		222,533
6		148,723		211,954		96,478		28,250		3,752		161		489,318
Total large loans	$	407,948	$	534,491	$	239,803	$	72,144	$	10,107	$	1,539	$	1,266,032
Small Loans:
FICO Band
1	$	42,607	$	29,277	$	4,291	$	656	$	86	$	41	$	76,958
2		19,202		14,657		2,078		209		9		10		36,165
3		30,526		24,420		2,688		206		9		4		57,853
4		40,140		32,666		3,170		186		6		7		76,175
5		44,373		39,626		4,648		166		4		4		88,821
6		89,227		71,556		8,648		227		5		5		169,668
Total small loans	$	266,075	$	212,202	$	25,523	$	1,650	$	119	$	71	$	505,640
Retail Loans:
FICO Band
1	$	—	$	1	$	1	$	—	$	1	$	2	$	5
2		—		—		119		10		—		1		130
3		—		—		355		84		—		1		440
4		—		—		411		155		7		5		578
5		—		—		302		126		3		4		435
6		—		—		330		147		5		1		483
Total retail loans	$	—	$	1	$	1,518	$	522	$	16	$	14	$	2,071
Total Loans:
FICO Band
1	$	90,369	$	87,409	$	23,256	$	6,868	$	1,518	$	708	$	210,128
2		48,285		46,629		12,422		3,302		463		202		111,303
3		77,577		82,772		30,945		8,647		955		163		201,059
4		105,556		115,859		44,669		12,038		1,631		242		279,995
5		114,286		130,515		50,096		14,837		1,913		142		311,789
6		237,950		283,510		105,456		28,624		3,762		167		659,469
Total loans	$	674,023	$	746,694	$	266,844	$	74,316	$	10,242	$	1,624	$	1,773,743

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Net finance receivables by product, FICO band at origination, and origination year as of December 31, 2023 are as follows:

	Net Finance Receivables by Origination Year
Dollars in thousands	2023		2022		2021		2020		2019		Prior		Total Net Finance Receivables
Large Loans:
FICO Band
1	$	83,107	$	28,068	$	9,542	$	2,510	$	980	$	347	$	124,554
2		46,855		16,964		5,342		1,077		309		83		70,630
3		86,191		45,778		14,999		2,201		316		66		149,551
4		120,054		65,753		20,712		3,481		592		55		210,647
5		128,901		69,706		23,779		4,043		496		22		226,947
6		291,795		144,663		46,630		7,936		732		52		491,808
Total large loans	$	756,903	$	370,932	$	121,004	$	21,248	$	3,425	$	625	$	1,274,137
Small Loans:
FICO Band
1	$	64,664	$	10,459	$	1,625	$	172	$	68	$	18	$	77,006
2		31,289		5,886		724		36		11		9		37,955
3		51,222		8,099		717		31		6		1		60,076
4		65,743		10,074		679		19		10		3		76,528
5		74,207		13,838		632		14		4		1		88,696
6		126,400		25,679		1,111		15		5		2		153,212
Total small loans	$	413,525	$	74,035	$	5,488	$	287	$	104	$	34	$	493,473
Retail Loans:
FICO Band
1	$	1	$	—	$	2	$	1	$	1	$	5	$	10
2		—		213		30		—		—		—		243
3		—		634		211		3		1		1		850
4		—		650		352		36		—		4		1,042
5		—		508		278		24		—		4		814
6		—		524		286		28		2		1		841
Total retail loans	$	1	$	2,529	$	1,159	$	92	$	4	$	15	$	3,800
Total Loans:
FICO Band
1	$	147,772	$	38,527	$	11,169	$	2,683	$	1,049	$	370	$	201,570
2		78,144		23,063		6,096		1,113		320		92		108,828
3		137,413		54,511		15,927		2,235		323		68		210,477
4		185,797		76,477		21,743		3,536		602		62		288,217
5		203,108		84,052		24,689		4,081		500		27		316,457
6		418,195		170,866		48,027		7,979		739		55		645,861
Total loans	$	1,170,429	$	447,496	$	127,651	$	21,627	$	3,533	$	674	$	1,771,410

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Credit losses by product and origination year for the six months ended June 30, 2024 and 2023, respectively, are as follows:

	Credit Losses by Origination Year
Dollars in thousands	2024		2023		2022		2021		2020		Prior		Total Credit Losses
Large loans	$	280	$	33,165	$	25,664	$	7,228	$	1,012	$	319	$	67,668
Small loans		364		30,172		8,416		674		34		18		39,678
Retail loans		—		—		291		154		11		4		460
Total loans	$	644	$	63,337	$	34,371	$	8,056	$	1,057	$	341	$	107,806

	Credit Losses by Origination Year
Dollars in thousands	2023		2022		2021		2020		2019		Prior		Total Credit Losses
Large loans	$	243	$	35,477	$	21,693	$	3,207	$	970	$	168	$	61,758
Small loans		196		31,402		7,711		475		41		3		39,828
Retail loans		—		328		233		47		22		2		632
Total loans	$	439	$	67,207	$	29,637	$	3,729	$	1,033	$	173	$	102,218

The contractual delinquency of the net finance receivables portfolio by product and aging for the periods indicated are as follows:

	June 30, 2024
	Large					Small					Retail					Total
Dollars in thousands	$		%			$		%			$		%			$		%
Current	$	1,081,617		85.5	%	$	414,192		81.9	%	$	1,410		68.0	%	$	1,497,219		84.4	%
1 to 29 days past due		107,983		8.5	%		45,433		9.0	%		372		18.0	%		153,788		8.7	%
Delinquent accounts
30 to 59 days		22,025		1.7	%		12,822		2.6	%		77		3.7	%		34,924		1.9	%
60 to 89 days		17,373		1.4	%		10,261		2.0	%		55		2.7	%		27,689		1.6	%
90 to 119 days		13,407		1.1	%		8,135		1.6	%		65		3.1	%		21,607		1.2	%
120 to 149 days		11,825		0.9	%		7,471		1.5	%		37		1.8	%		19,333		1.1	%
150 to 179 days		11,802		0.9	%		7,326		1.4	%		55		2.7	%		19,183		1.1	%
Total delinquency	$	76,432		6.0	%	$	46,015		9.1	%	$	289		14.0	%	$	122,736		6.9	%
Total net finance receivables	$	1,266,032		100.0	%	$	505,640		100.0	%	$	2,071		100.0	%	$	1,773,743		100.0	%
Net finance receivables in nonaccrual status	$	40,509		3.2	%	$	24,557		4.9	%	$	183		8.8	%	$	65,249		3.7	%

	December 31, 2023
	Large					Small					Retail					Total
Dollars in thousands	$		%			$		%			$		%			$		%
Current	$	1,084,518		85.1	%	$	406,203		82.4	%	$	2,620		69.0	%	$	1,493,341		84.3	%
1 to 29 days past due		109,483		8.6	%		45,119		9.1	%		594		15.6	%		155,196		8.8	%
Delinquent accounts
30 to 59 days		22,587		1.7	%		12,053		2.4	%		116		3.1	%		34,756		1.9	%
60 to 89 days		19,844		1.6	%		11,253		2.3	%		115		3.0	%		31,212		1.8	%
90 to 119 days		16,951		1.3	%		10,030		2.0	%		126		3.2	%		27,107		1.5	%
120 to 149 days		10,938		0.9	%		4,247		0.9	%		132		3.5	%		15,317		0.9	%
150 to 179 days		9,816		0.8	%		4,568		0.9	%		97		2.6	%		14,481		0.8	%
Total delinquency	$	80,136		6.3	%	$	42,151		8.5	%	$	586		15.4	%	$	122,873		6.9	%
Total net finance receivables	$	1,274,137		100.0	%	$	493,473		100.0	%	$	3,800		100.0	%	$	1,771,410		100.0	%
Net finance receivables in nonaccrual status	$	44,627		3.5	%	$	21,850		4.4	%	$	394		10.4	%	$	66,871		3.8	%

The accrual of interest income on finance receivables is suspended when an account becomes 90 days delinquent. If a loan is charged off, the accrued interest is reversed as a reduction of interest and fee income. During the three months ended June 30, 2024 and 2023, the Company reversed $6.5 million and $6.4 million of accrued interest as reductions of interest and fee income,

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respectively. The Company reversed $11.6 million and $11.1 million of accrued interest as reductions of interest and fee income for the six months ended June 30, 2024 and 2023, respectively.

The following are reconciliations of the allowance for credit losses by product for the three and six months ended June 30, 2024 and 2023:

Dollars in thousands	Large			Small			Retail			Total
Beginning balance at April 1, 2024	$	126,528		$	60,142		$	430		$	187,100
Provision for credit losses		31,493			22,271			38			53,802
Credit losses		(35,957	)		(22,490	)		(166	)		(58,613	)
Recoveries		1,914			1,175			22			3,111
Ending balance at June 30, 2024	$	123,978		$	61,098		$	324		$	185,400
Net finance receivables at June 30, 2024	$	1,266,032		$	505,640		$	2,071		$	1,773,743
Allowance as percentage of net finance receivables at June 30, 2024		9.8	%		12.1	%		15.6	%		10.5	%

Dollars in thousands	Large			Small			Retail			Total
Beginning balance at April 1, 2023	$	120,382		$	62,112		$	1,306		$	183,800
Provision for credit losses		33,556			18,759			236			52,551
Credit losses		(33,661	)		(23,448	)		(500	)		(57,609	)
Recoveries		1,596			1,045			17			2,658
Ending balance at June 30, 2023	$	121,873		$	58,468		$	1,059		$	181,400
Net finance receivables at June 30, 2023	$	1,238,031		$	444,590		$	6,316		$	1,688,937
Allowance as percentage of net finance receivables at June 30, 2023		9.8	%		13.2	%		16.8	%		10.7	%

Dollars in thousands	Large			Small			Retail			Total
Beginning balance at January 1, 2024	$	127,992		$	58,736		$	672		$	187,400
Provision for credit losses		60,148			40,000			77			100,225
Credit losses		(67,668	)		(39,678	)		(460	)		(107,806	)
Recoveries		3,506			2,040			35			5,581
Ending balance at June 30, 2024	$	123,978		$	61,098		$	324		$	185,400
Net finance receivables at June 30, 2024	$	1,266,032		$	505,640		$	2,071		$	1,773,743
Allowance as percentage of net finance receivables at June 30, 2024		9.8	%		12.1	%		15.6	%		10.5	%

Dollars in thousands	Large			Small			Retail			Total
Beginning balance at January 1, 2023	$	119,592		$	57,915		$	1,293		$	178,800
Provision for credit losses		61,265			38,578			376			100,219
Credit losses		(61,758	)		(39,828	)		(632	)		(102,218	)
Recoveries		2,774			1,803			22			4,599
Ending balance at June 30, 2023	$	121,873		$	58,468		$	1,059		$	181,400
Net finance receivables at June 30, 2023	$	1,238,031		$	444,590		$	6,316		$	1,688,937
Allowance as percentage of net finance receivables at June 30, 2023		9.8	%		13.2	%		16.8	%		10.7	%

The Company uses certain loan modification programs for borrowers experiencing financial difficulties as a loss mitigation strategy to improve collectability of the loans and assist customers through financial setbacks. The programs consist of offering payment deferrals, interest rate reductions, term extensions, and, in limited instances, settlements. Customers may also pursue financial assistance through external sources, such as filing for bankruptcy protection. Modification programs available to our customers are described in more detail below:

•Customers with temporary hardships may be offered payment deferrals related to past due payments. Such deferrals extend the customer’s maturity date and are generally considered insignificant delays. During the second quarter of 2023, the Company enhanced its policy for determining an insignificant delay in payment. The Company’s previous policy for an insignificant delay in payment was two or fewer deferrals in a rolling twelve-month period, which was

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updated to be three or fewer deferrals in a rolling twelve-month period. The rolling twelve-month period for the prior-year disclosures begins on or after January 1, 2023 (the date of adoption). The change had no material impact to the Company's disclosures.

•Customers with delinquent loans who meet certain criteria are eligible to receive a reduced interest rate and/or term extension, making the monthly payments more affordable.

•The Company may also agree to settle a past-due loan by accepting less than the full principal balance owed in certain limited cases once it is determined that collection of the entire outstanding balance is unlikely.

•Customers who receive bankruptcy protection may receive principal forgiveness, interest rate reductions, and/or term extensions.

The information relating to modifications made to borrowers experiencing financial difficulty for the periods indicated are as follows:

	As of and for the Three Months Ended June 30, 2024
	Large					Small					Total
Dollars in thousands	$		%			$		%			$		%
Interest rate reduction & term extension	$	2,635		0.2	%	$	461		0.1	%	$	3,096		0.2	%
Term extension		2,117		0.2	%		438		0.1	%		2,555		0.1	%
Interest rate reduction		651		0.1	%		179		—			830		—
Principal forgiveness, interest rate reduction, & term extension		162		—			7		—			169		—
Total	$	5,565		0.4	%	$	1,085		0.2	%	$	6,650		0.4	%

	As of and for the Three Months Ended June 30, 2023
	Large					Small					Total
Dollars in thousands	$		%			$		%			$		%
Interest rate reduction & term extension	$	3,162		0.3	%		678		0.2	%	$	3,840		0.2	%
Principal forgiveness, interest rate reduction, & term extension		109		—			16		—			125		—
Total	$	3,271		0.3	%	$	694		0.2	%	$	3,965		0.2	%

	As of and for the Six Months Ended June 30, 2024
	Large					Small					Total
Dollars in thousands	$		%			$		%			$		%
Interest rate reduction & term extension	$	6,111		0.5	%	$	1,051		0.2	%	$	7,162		0.4	%
Term extension		2,496		0.2	%		538		0.1	%		3,034		0.2	%
Interest rate reduction		699		0.1	%		181		—			880		—
Principal forgiveness, interest rate reduction, & term extension		287		—			19		—			306		—
Total	$	9,593		0.8	%	$	1,789		0.4	%	$	11,382		0.6	%

	As of and for the Six Months Ended June 30, 2023
	Large					Small					Total
Dollars in thousands	$		%			$		%			$		%
Interest rate reduction & term extension	$	7,706		0.6	%		1,568		0.4	%	$	9,274		0.5	%
Principal forgiveness, interest rate reduction, & term extension		131		—			19		—			150		—
Total	$	7,837		0.6	%	$	1,587		0.4	%	$	9,424		0.6	%

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The financial effects of the modifications made to borrowers experiencing financial difficulty for the periods indicated are as follows:

	Three Months Ended June 30, 2024
Loan Modification	Product	Financial Effect
Principal forgiveness	Large loans	Reduced the amortized cost basis of the loans by $0.3 million.
	Small loans	Reduced the amortized cost basis of the loans by $0.1 million.
Interest rate reduction	Large loans	Reduced the weighted-average contractual interest rate by 9.6%.
	Small loans	Reduced the weighted-average contractual interest rate by 17.6%.
Term extension	Large loans	Added a weighted-average 1.1 years to the life of loans.
	Small loans	Added a weighted-average 1.0 years to the life of loans.

	Three Months Ended June 30, 2023
Loan Modification	Product	Financial Effect
Principal forgiveness	Large loans	Reduced the amortized cost basis of the loans by $0.3 million.
	Small loans	Reduced the amortized cost basis of the loans by $0.2 million.
Interest rate reduction	Large loans	Reduced the weighted-average contractual interest rate by 10.0%.
	Small loans	Reduced the weighted-average contractual interest rate by 14.6%.
Term extension	Large loans	Added a weighted-average 1.4 years to the life of loans.
	Small loans	Added a weighted-average 1.3 years to the life of loans.

	Six Months Ended June 30, 2024
Loan Modification	Product	Financial Effect
Principal forgiveness	Large loans	Reduced the amortized cost basis of the loans by $0.6 million.
	Small loans	Reduced the amortized cost basis of the loans by $0.3 million.
Interest rate reduction	Large loans	Reduced the weighted-average contractual interest rate by 8.4%.
	Small loans	Reduced the weighted-average contractual interest rate by 15.5%.
Term extension	Large loans	Added a weighted-average 1.3 years to the life of loans.
	Small loans	Added a weighted-average 1.2 years to the life of loans.

	Six Months Ended June 30, 2023
Loan Modification	Product	Financial Effect
Principal forgiveness	Large loans	Reduced the amortized cost basis of the loans by $0.5 million.
	Small loans	Reduced the amortized cost basis of the loans by $0.3 million.
Interest rate reduction	Large loans	Reduced the weighted-average contractual interest rate by 11.3%.
	Small loans	Reduced the weighted-average contractual interest rate by 13.5%.
Term extension	Large loans	Added a weighted-average 1.4 years to the life of loans.
	Small loans	Added a weighted-average 1.3 years to the life of loans.

The following table provides the amortized cost basis for modifications made to borrowers experiencing financial difficulty within the previous twelve months that subsequently defaulted. The Company defines payment default as 90 days past due for this disclosure. The respective amounts for each modification for the periods indicated are as follows:

	As of and for the Three Months Ended June 30, 2024
Dollars in thousands	Large		Small		Total
Interest rate reduction & term extension	$	1,141	$	235	$	1,376
Term extension		45		15		60
Principal forgiveness, interest rate reduction, & term extension		26		—		26
Total	$	1,212	$	250	$	1,462

	As of and for the Three Months Ended June 30, 2023
Dollars in thousands	Large		Small		Total
Interest rate reduction & term extension	$	301	$	70	$	371
Total	$	301	$	70	$	371

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	As of and for the Six Months Ended June 30, 2024
Dollars in thousands	Large		Small		Total
Interest rate reduction & term extension	$	1,453	$	278	$	1,731
Term extension		53		16		69
Principal forgiveness, interest rate reduction, & term extension		27		4		31
Total	$	1,533	$	298	$	1,831

	As of and for the Six Months Ended June 30, 2023
Dollars in thousands	Large		Small		Total
Interest rate reduction & term extension	$	301	$	70	$	371
Total	$	301	$	70	$	371

The contractual delinquencies of loans that were modified to borrowers experiencing financial difficulty within the previous twelve months for the period indicated are as follows:

	June 30, 2024
Dollars in thousands	Large		Small		Total
Current	$	12,113	$	2,071	$	14,184
30 - 89 days past due		2,000		387		2,387
90+ days past due		1,066		253		1,319
Total (1)	$	15,179	$	2,711	$	17,890

(1) Excludes modified finance receivables that subsequently charged off of $1.5 million and $0.3 million in large and small loans, respectively.

The contractual delinquencies of loans that were modified to borrowers experiencing financial difficulty on or after January 1, 2023 for the period indicated are as follows:

	June 30, 2023
Dollars in thousands	Large		Small		Total
Current	$	6,819	$	1,314	$	8,133
30 - 89 days past due		817		229		1,046
90+ days past due		201		44		245
Total (1)	$	7,837	$	1,587	$	9,424

(1) Excludes modified finance receivables that subsequently charged off of $39 thousand and $5 thousand in large and small loans, respectively.

Note 4. Restricted Available-for-Sale Investments

The following tables reconcile the amortized cost, gross unrealized gains and losses included in accumulated other comprehensive income or loss, and estimated fair value of the Company’s restricted available-for-sale investments as of the periods indicated:

	June 30, 2024
Dollars in thousands	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Restricted investments	$	2,206	$	—	$	(49	)	$	2,157

	December 31, 2023
Dollars in thousands	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Restricted investments	$	23,211	$	1	$	(472	)	$	22,740

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The following tables include the gross unrealized losses and estimated fair values of restricted available-for-sale investments that were in a continuous unrealized loss position, for which no allowance for credit loss has been recorded, as of the periods indicated:

	June 30, 2024
	Less than 12 Months				12 Months or Longer					Total
Dollars in thousands	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses
Restricted investments	$	—	$	—	$	2,157	$	(49	)	$	2,157	$	(49	)

	December 31, 2023
	Less than 12 Months				12 Months or Longer					Total
Dollars in thousands	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses
Restricted investments	$	—	$	—	$	18,633	$	(472	)	$	18,633	$	(472	)

The restricted available-for-sale investments consist of U.S. Treasuries which are measured at fair value and include accrued interest receivables of $3 thousand and $0.3 million as of June 30, 2024 and December 31, 2023, respectively. The investments consist of highly rated securities backed by the U.S. federal government. As a result, the Company has not recorded an allowance for credit losses related to the restricted available-for-sale investments.

The following table includes the amortized cost and estimated fair values of restricted available-for-sale investments by contractual maturity as of the periods indicated:

	June 30, 2024
Dollars in thousands	Amortized Cost		Estimated Fair Value
Due in one year	$	2,206	$	2,157
Due within one year to five years		—		—
Due within five years to ten years		—		—
Due after ten years		—		—
Total restricted available-for-sale investments	$	2,206	$	2,157

The Company had no proceeds from sold restricted available-for-sale investments during the three and six months ended June 30, 2024 and 2023, respectively.

The Company had no gross realized gains or losses during the three and six months ended June 30, 2024 and 2023, respectively. For additional information on the Company's restricted available-for-sale investments, see Note 7, "Disclosure About Fair Value of Financial Instruments."

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Note 5. Debt

The following is a summary of the Company’s debt as of the periods indicated:

	June 30, 2024							December 31, 2023
Dollars in thousands	Debt		Unamortized Debt Issuance Costs (1)			Net Debt		Debt		Unamortized Debt Issuance Costs (1)			Net Debt
Senior revolving credit facility	$	145,701	$	(709	)	$	144,992	$	195,462	$	(606	)	$	194,856
RMR IV revolving warehouse credit facility		10		—			10		3,197		—			3,197
RMR V revolving warehouse credit facility		13,122		—			13,122		26,718		—			26,718
RMR VI revolving warehouse credit facility		4,744		—			4,744		15,953		—			15,953
RMR VII revolving warehouse credit facility		3,503		—			3,503		4,216		—			4,216
RMIT 2020-1 securitization		84,600		—			84,600		145,290		—			145,290
RMIT 2021-1 securitization		178,886		—			178,886		248,915		(141	)		248,774
RMIT 2021-2 securitization		200,191		(892	)		199,299		200,192		(1,106	)		199,086
RMIT 2021-3 securitization		125,202		(707	)		124,495		125,202		(864	)		124,338
RMIT 2022-1 securitization		250,374		(566	)		249,808		250,374		(991	)		249,383
RMIT 2022-2B securitization		184,295		(348	)		183,947		184,295		(870	)		183,425
RMIT 2024-1 securitization		187,821		(2,394	)		185,427		—		—			—
Total	$	1,378,449	$	(5,616	)	$	1,372,833	$	1,399,814	$	(4,578	)	$	1,395,236
Unused amount of revolving credit facilities (subject to borrowing base)	$	564,384						$	551,508

(1) Unamortized debt issuance costs related to the revolving warehouse credit facilities are presented within other assets in the consolidated balance sheets. These credit facilities had $2.0 million and $2.4 million in such costs as of June 30, 2024 and December 31, 2023, respectively.

Senior Revolving Credit Facility: In February 2024, the Company amended its senior revolving credit facility to, among other things, reduce the availability under the facility from $420 million to $355 million and extend the maturity date to September 2025. Excluding the receivables held by the Company’s VIEs, the senior revolving credit facility is secured by substantially all of the Company’s finance receivables and equity interests of the majority of its subsidiaries. Advances on the senior revolving credit facility are capped at 83% of eligible finance receivables (73% of eligible finance receivables as of June 30, 2024).

Borrowings under the facility bear interest, payable monthly, at rates equal to one-month SOFR with a floor of not less than 0.50%, plus a 3.00% margin and a benchmark adjustment. The effective interest rate was 8.43% at June 30, 2024. The Company pays an unused commitment fee between 0.50% and 1.00% based upon the average outstanding balance. As of June 30, 2024, the Company had $133.7 million of immediate available liquidity to draw down cash under the facility and held $4.3 million in unrestricted cash.

Variable Interest Entity Debt: As part of its overall funding strategy, the Company has transferred certain finance receivables to affiliated VIEs for asset-backed financing transactions, including securitizations. The following debt arrangements are issued by the Company’s SPEs, which are considered VIEs under GAAP and are consolidated into the financial statements of their primary beneficiary.

These debts are supported by the expected cash flows from the underlying collateralized finance receivables. Collections on these finance receivables are remitted to restricted cash collection accounts, which totaled $103.4 million and $109.9 million as of June 30, 2024 and December 31, 2023, respectively. Cash inflows from the finance receivables are distributed to the lenders/investors, the service providers, and/or the residual interest that the Company owns in accordance with a monthly contractual priority of payments. The SPEs pay a servicing fee to the Company, which is eliminated in consolidation. Distributions from the SPEs to the Company are permitted under the debt arrangements.

At each sale of receivables from the Company’s affiliates to the SPEs, the Company makes certain representations and warranties about the quality and nature of the collateralized receivables. The debt arrangements require the Company to repurchase the receivables in certain circumstances, including circumstances in which the representations and warranties made by the Company concerning the quality and characteristics of the receivables are inaccurate. Assets transferred to each SPE are legally isolated from the Company and its affiliates, as well as the claims of the Company’s and its affiliates’ creditors. Further, the assets of each SPE are owned by such SPE and are not available to satisfy the debts or other obligations of the Company or any of its affiliates.

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The following table presents the assets and liabilities of our consolidated VIEs:

Dollars in thousands	(Unaudited) June 30, 2024			December 31, 2023
Assets
Cash	$	380		$	378
Net finance receivables		1,308,676			1,278,568
Allowance for credit losses		(134,533	)		(133,207	)
Restricted cash		118,031			123,899
Other assets		2,967			2,880
Total assets	$	1,295,521		$	1,272,518
Liabilities
Net debt	$	1,227,841		$	1,200,380
Accounts payable and accrued expenses		33			218
Total liabilities	$	1,227,874		$	1,200,598

RMR IV Revolving Warehouse Credit Facility: In April 2021, the Company and its SPE, RMR IV, entered into a credit agreement that provides for a $125 million revolving warehouse credit facility to RMR IV. In April and May 2023, the Company and RMR IV amended and restated the credit agreement that provides for a revolving warehouse credit facility to (i) extend the amortizing loan conversion date from April 2023 to May 2025 and the termination date from April 2024 to May 2026; (ii) decrease the capped advances on the facility from 81% to 77% of eligible finance receivables; and (iii) increase the margin from 2.35% to 2.80%. The debt is secured by finance receivables and other related assets that the Company purchased from its affiliates, which the Company then sold and transferred to RMR IV. Advances on the facility are capped at 79% of eligible finance receivables following a March 2024 amendment (79% of eligible finance receivables as of June 30, 2024).

Borrowings under the facility bear interest, payable monthly, at rates equal to one-month SOFR plus a margin of 2.80% and a benchmark adjustment. The effective interest rate was 8.23% as of June 30, 2024. RMR IV pays an unused commitment fee between 0.35% and 0.70% based upon the average daily utilization of the facility. RMR IV had $11.4 million of immediate availability to draw down cash under the facility and held $0.3 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the credit agreement.

RMR V Revolving Warehouse Credit Facility: In November 2022, the Company and its SPE, RMR V, amended and restated the credit agreement that provides for a $100 million revolving warehouse credit facility to RMR V to extend the date at which the facility converts to an amortizing loan and the termination date to November 2024 and November 2025, respectively. The debt is secured by finance receivables and other related assets that the Company purchased from its affiliates, which the Company then sold and transferred to RMR V. Advances on the facility are capped at 80% of eligible finance receivables (80% of eligible finance receivables as of June 30, 2024).

Borrowings under the facility bear interest, payable monthly, at a per annum rate, which in the case of a conduit lender is the commercial paper rate, plus a margin of 2.75%. The effective interest rate was 8.28% as of June 30, 2024. RMR V pays an unused commitment fee between 0.45% and 0.75% based upon the average daily utilization of the facility. RMR V had no immediate availability to draw down cash under the facility and held $0.2 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the credit agreement.

RMR VI Revolving Warehouse Credit Facility: In February 2023, the Company and its SPE, RMR VI, entered into a credit agreement that provides for a $75 million revolving warehouse credit facility to RMR VI. The facility converts to an amortizing loan in February 2025 and terminates in February 2026. The debt is secured by finance receivables and other related assets that the Company purchased from its affiliates, which the Company then sold and transferred to RMR VI. Advances on the facility are capped at 75% of eligible finance receivables (previously 80%) following a March 2024 amendment (75% of eligible finance receivables as of June 30, 2024).

Borrowings under the facility bear interest, payable monthly, at a rate equal to one-month SOFR, plus (i) 0.10% per annum, (ii) a margin of 2.50%, and (iii) the applicable step-up margin (0.00% during the revolving period). The effective interest rate was 7.93% as of June 30, 2024. RMR VI pays a monthly unused commitment fee of 0.50%. RMR VI had no immediate availability to draw down cash under the facility and held $0.1 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the credit agreement.

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RMR VII Revolving Warehouse Credit Facility: In April 2023, the Company and its SPE, RMR VII, entered into a credit agreement that provides for a $75 million revolving warehouse credit facility to RMR VII. The facility converts to an amortizing loan in October 2024 and terminates in October 2025. The debt is secured by finance receivables and other related assets that the Company purchased from its affiliates, which the Company then sold and transferred to RMR VII. Advances on the facility are capped at 80% of eligible finance receivables (80% of eligible finance receivables as of June 30, 2024).

Borrowings under the facility bear interest, payable monthly, at a rate equal to one-month SOFR, plus (i) 0.10% per annum, (ii) a margin of 3.00%, and (iii) the applicable step-up margin (0.00% during the revolving period). The effective interest rate was 8.43% as of June 30, 2024. RMR VII pays a monthly unused commitment fee ranging between 0.45% and 0.65%. RMR VII had no immediate availability to draw down cash under the facility and held $43 thousand in restricted cash reserves as of June 30, 2024 to satisfy provisions of the credit agreement.

RMIT 2020-1 Securitization: In September 2020, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2020-1, completed a private offering and sale of $180 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate asset-backed notes by RMIT 2020-1. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sold and transferred to RMIT 2020-1. The notes had a revolving period ending in September 2023, with a final maturity date in October 2030. RMIT 2020-1 held $1.9 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the transaction documents. Borrowings under the RMIT 2020-1 securitization bear interest, payable monthly, at an effective interest rate of 3.42% as of June 30, 2024. Prior to maturity in October 2030, the Company may redeem the notes in full, but not in part.

RMIT 2021-1 Securitization: In February 2021, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2021-1, completed a private offering and sale of $249 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate asset-backed notes by RMIT 2021-1. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sold and transferred to RMIT 2021-1. The notes had a revolving period ending in February 2024, with a final maturity date in March 2031. RMIT 2021-1 held $2.6 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the transaction documents. Borrowings under the RMIT 2021-1 securitization bear interest, payable monthly, at an effective interest rate of 2.24% as of June 30, 2024. Prior to maturity in March 2031, the Company may redeem the notes in full, but not in part.

RMIT 2021-2 Securitization: In July 2021, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2021-2, completed a private offering and sale of $200 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate asset-backed notes by RMIT 2021-2. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sold and transferred to RMIT 2021-2. The notes have a revolving period ending in July 2026, with a final maturity date in August 2033. RMIT 2021-2 held $2.1 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the transaction documents. Borrowings under the RMIT 2021-2 securitization bear interest, payable monthly, at an effective interest rate of 2.30% as of June 30, 2024. Prior to maturity in August 2033, the Company may redeem the notes in full, but not in part, at its option on any business day on or after the payment date occurring in August 2026. No payments of principal of the notes will be made during the revolving period.

RMIT 2021-3 Securitization: In October 2021, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2021-3, completed a private offering and sale of $125 million of asset-backed notes. The transaction consisted of the issuance of fixed-rate, asset-backed notes by RMIT 2021-3. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sold and transferred to RMIT 2021-3. The notes have a revolving period ending in September 2026, with a final maturity date in October 2033. RMIT 2021-3 held $1.5 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the transaction documents. Borrowings under the RMIT 2021-3 securitization bear interest, payable monthly, at an effective interest rate of 3.88% as of June 30, 2024. Prior to maturity in October 2033, the Company may redeem the notes in full, but not in part, at its option on any business day on or after the payment date occurring in October 2024. No payments of principal of the notes will be made during the revolving period.

RMIT 2022-1 Securitization: In February 2022, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2022-1, completed a private offering and sale of $250 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate asset-backed notes by RMIT 2022-1. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sold and transferred to RMIT 2022-1. The notes have a revolving period ending in February 2025, with a final maturity date in March 2032. RMIT 2022-1 held $2.6 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the transaction documents. Borrowings under the RMIT 2022-1 securitization bear interest, payable monthly, at an effective interest rate of 3.59% as of June 30, 2024. Prior to maturity in March 2032, the Company

24

may redeem the notes in full, but not in part, at its option on any note payment date on or after the payment date occurring in March 2025. No payments of principal of the notes will be made during the revolving period.

RMIT 2022-2B Securitization: In October 2022, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2022-2B, completed a private offering and sale of $200 million of asset-backed notes. The transaction consisted of the issuance of three classes of fixed-rate, asset-backed notes by RMIT 2022-2B. The asset-backed notes were secured by finance receivables and other related assets that RMR III purchased from the Company and have a revolving period ending in October 2024, with a final maturity date in November 2031. RMR III sold two classes of the asset-backed notes and transferred them to RMIT 2022-2B. RMIT 2022-2B held $2.3 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the transaction documents. Borrowings under the sold notes bear interest, payable monthly, at an effective interest rate of 7.51% as of June 30, 2024. The $16.3 million class of the fixed-rate, asset-backed notes was retained by RMR III on the closing date but may be sold in whole or in part. Prior to maturity in November 2031, the Company may redeem the notes in full, but not in part, at its option on any note payment date on or after the payment date occurring in November 2024. No payments of principal of the notes will be made during the revolving period.

RMIT 2024-1 Securitization: In June 2024, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2024-1, completed a private offering and sale of $187 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate, asset-backed notes by RMIT 2024-1. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sold and transferred to RMIT 2024-1. The notes have a revolving period ending in May 2027, with a final maturity date in July 2036. RMIT 2024-1 held $1.1 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the transaction documents. Borrowings under the RMIT 2024-1 securitization bear interest, payable monthly, at an effective interest rate of 6.19% as of June 30, 2024. Prior to maturity in July 2036, the Company may redeem the notes in full, but not in part, at its option on any note payment date on or after the payment date occurring in June 2027. No payments of principal of the notes will be made during the revolving period.

The Company’s debt arrangements are subject to certain covenants, including monthly and annual reporting, maintenance of specified interest coverage and debt ratios, restrictions on distributions, limitations on other indebtedness, and certain other restrictions. As of June 30, 2024, the Company was in compliance with all debt covenants.

Note 6. Stockholders’ Equity

Quarterly cash dividend: The Board may in its discretion declare and pay cash dividends on the Company’s common stock. The following table presents the dividends declared per share of common stock for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Dividends declared per common share	$	0.30	$	0.30	$	0.60	$	0.60

See Note 12, “Subsequent Events,” for information regarding the Company’s cash dividend following the end of the fiscal quarter.

Note 7. Disclosure About Fair Value of Financial Instruments

The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value:

Cash and restricted cash: Cash and restricted cash is recorded at cost, which approximates fair value due to its highly liquid nature.

Restricted available-for-sale investments: The fair value of U.S. Treasury securities is priced using an external pricing service which the Company corroborates using a secondary external vendor. For additional information on the Company's restricted available-for-sale investments, see Note 4, "Restricted Available-for-Sale Investments."

Net finance receivables: The Company determines the fair value of net finance receivables using a discounted cash flows methodology. The application of this methodology requires the Company to make certain estimates and judgments. These estimates and judgments include, but are not limited to, prepayment rates, default rates, loss severity, and risk-adjusted discount rates.

Debt: The Company estimates the fair value of debt using estimated credit marks based on an index of similar financial instruments (credit facilities) and projected cash flows from the underlying collateralized finance receivables (securitizations), each discounted using a risk-adjusted discount rate.

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Certain of the Company’s assets estimated fair value are classified and disclosed in one of the following three categories:

Level 1 – Quoted market prices in active markets for identical assets or liabilities.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.

Level 3 – Unobservable inputs that are not corroborated by market data.

In determining the appropriate levels, the Company performs an analysis of the assets and liabilities that are estimated at fair value. At each reporting period, all assets and liabilities for which the fair value measurement is based on significant unobservable inputs are classified as Level 3.

The following table includes the carrying amounts and estimated fair values of financial assets and liabilities disclosed but not carried at fair value:

	June 30, 2024				December 31, 2023
Dollars in thousands	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Level 1
Cash	$	4,323	$	4,323	$	4,509	$	4,509
Restricted cash		138,891		138,891		124,164		124,164
Level 3
Net finance receivables, less unearned insurance    premiums and allowance for credit losses		1,542,262		1,587,671		1,536,118		1,603,737
Liabilities
Level 3
Debt		1,378,449		1,321,563		1,399,814		1,308,349

The following table includes the carrying amounts and estimated fair values of amounts the Company measures at fair value on a recurring basis:

	June 30, 2024				December 31, 2023
Dollars in thousands	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Level 2
Restricted available-for-sale investments		2,157		2,157		22,740		22,740

As of the periods indicated above, there were no financial assets or liabilities measured at fair value on a non-recurring basis.

Note 8. Income Taxes

The Company records interim provisions for income taxes based on an estimated annual effective tax rate. The Company recognizes discrete tax benefits or deficiencies in the income tax line of the consolidated statements of income. Generally, these discrete benefits or deficiencies are primarily the result of exercises or vestings of share-based awards.

The following table summarizes the components of income taxes for the periods indicated:

	Three Months Ended June 30,					Six Months Ended June 30,
Dollars in thousands	2024			2023		2024			2023
Provision for corporate taxes	$	2,814		$	1,758	$	7,600		$	4,660
Discrete tax (benefits) deficiencies		(37	)		32		(95	)		46
Total income taxes	$	2,777		$	1,790	$	7,505		$	4,706

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Note 9. Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per share amounts	2024		2023		2024		2023
Numerator:
Net income	$	8,445	$	6,023	$	23,650	$	14,712
Denominator:
Weighted-average shares outstanding for basic earnings per share		9,613		9,399		9,591		9,363
Effect of dilutive securities		250		167		214		232
Weighted-average shares adjusted for dilutive securities		9,863		9,566		9,805		9,595
Earnings per share:
Basic	$	0.88	$	0.64	$	2.47	$	1.57
Diluted	$	0.86	$	0.63	$	2.41	$	1.53

The Company excluded outstanding shares of common stock totaling 0.4 million and 0.6 million for the three months ended June 30, 2024 and 2023, respectively, and 0.4 million and 0.6 million for the six months ended June 30, 2024 and 2023, respectively, from the computation of diluted earnings per share because they were anti-dilutive.

Note 10. Share-Based Compensation

The Company previously adopted the 2007 Plan, the 2011 Plan, and the 2015 Plan (including re-approval as amended and restated in April 2017 and May 2021). On May 16, 2024, the stockholders of the Company approved the 2024 Plan. As of June 30, 2024, subject to adjustments as provided in the 2024 Plan, the maximum aggregate number of shares of the Company’s common stock that could be issued under the 2024 Plan could not exceed the sum of (i) 381,000 shares plus (ii) any shares remaining available for the grant of awards as of May 16, 2024 under the 2015 Plan, plus (iii) any shares subject to an award granted under the 2015 Plan which award is forfeited, cash-settled, cancelled, terminated, expires, or lapses for any reason after May 16, 2024 without the issuance of shares or pursuant to which such shares are forfeited (subject to adjustment for anti-dilution purposes as provided in the 2024 Plan). Of the amount described in the preceding sentence, no more than 381,000 shares may be issued under the 2024 Plan pursuant to the grant of incentive stock options (subject to adjustment for anti-dilution purposes). As of May 16, 2024, there were 1.0 million shares available for grant under the 2024 Plan, inclusive of shares previously available for grant under the 2015 Plan that were rolled over to the 2024 Plan. No further grants will be made under the 2015 Plan. However, awards that are outstanding under the 2007 Plan, the 2011 Plan, and the 2015 Plan will continue in accordance with their respective terms. As of June 30, 2024, there were 0.5 million shares available for grant under the 2024 Plan.

For the three months ended June 30, 2024 and 2023, the Company recorded share-based compensation expense of $3.3 million and $2.3 million, respectively. The Company recorded $5.1 million and $4.4 million in share-based compensation expense for the six months ended June 30, 2024 and 2023, respectively. As of June 30, 2024, unrecognized share-based compensation expense to be recognized over future periods approximated $18.2 million. This amount will be recognized as expense over a weighted-average period of 1.9 years. Share-based compensation expenses are recognized on a straight-line basis over the requisite service period of the agreement. All share-based compensation is classified as equity awards.

The Company allows for the settlement of share-based awards on a net share basis. With net share settlement, the employee does not surrender any cash or shares upon the exercise of stock options or the vesting of stock awards or stock units. Rather, the Company withholds the number of shares with a value equivalent to the option exercise price (for stock options) and the statutory tax withholding (for all share-based awards). Net share settlements have the effect of reducing the number of shares that would have otherwise been issued as a result of exercise or vesting.

Long-term incentive program: The Company issues PRSUs, service-based RSUs, and RSAs to certain members of senior management under the Company’s LTIP. Recurring annual grants are made at the discretion of the Board. The annual grants are subject to cliff- and graded-vesting, generally concluding at the end of the third calendar year and subject to continued employment or as otherwise provided in the underlying award agreements. Vested PRSUs are subject to an additional one-year holding period following the vesting date. The actual value of the PRSUs that may be earned can range from 0% to 150% of target based on positive or negative cumulative total shareholder return concluding at the end of the third calendar year.

Prior to 2022, the Company issued NQSOs, performance-contingent RSUs, CSPUs, and RSAs to certain members of senior management under the LTIP. The CSPUs were cash incentive awards, and the associated expense was not based on the market price of the Company’s common stock. These annual grants were subject to cliff- and graded-vesting, generally concluding at the end of

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the third calendar year and subject to continued employment or as otherwise provided in the underlying award agreements. The actual value of the performance-contingent RSUs and CSPUs that could be earned ranged from 0% to 150% of target based on the percentile ranking of the Company’s compound annual growth rate of pre-provision net income and pre-provision net income per share compared to a public company peer group over a three-year performance period.

Key team member incentive program: The Company also has a KTIP for certain other members of senior management. Recurring annual participation in the program is at the discretion of the Board and executive management. The annual grants are subject to graded-vesting, generally concluding at the end of the third calendar year and subject to continued employment or as otherwise provided in the underlying award agreements.

Prior to 2024, the annual grant was subject to performance over a one-year period. Payout under the program ranged from 0% to 150% of target based on the achievement of five Company performance metrics and individual performance goals (subject to continued employment and certain other terms and conditions of the program). If earned, the RSA was issued following the one-year performance period and vested ratably over a subsequent two-year period (subject to continued employment or as otherwise provided in the underlying award agreement).

Inducement and retention program: From time to time, the Company issues stock awards and other long-term incentive awards in conjunction with employment offers to select new employees and retention grants to select existing employees. The Company issues these awards to attract and retain talent and to provide market competitive compensation. The grants have various vesting terms, including fully-vested awards at the grant date, cliff-vesting, and graded-vesting over periods of up to five years (subject to continued employment or as otherwise provided in the underlying award agreements).

Non-employee director compensation program: The Company awards its non-employee directors a cash retainer and shares of restricted common stock. The RSAs are granted on the fifth business day following the Company’s annual meeting of stockholders and fully vest upon the earlier of the first anniversary of the grant date or the completion of the directors’ annual service to the Company (so long as the period between the date of the annual stockholders’ meeting related to the grant date and the date of the next annual stockholders’ meeting is not less than 50 weeks).

The following are the terms and amounts of the awards issued under the Company’s share-based incentive programs:

Nonqualified stock options: The exercise price of all stock options is equal to the Company’s closing stock price on the date of grant. Stock options are subject to various vesting terms, including graded- and cliff-vesting over periods of up to five years. In addition, stock options vest and become exercisable in full or in part under certain circumstances, including following the occurrence of a change of control (as defined in the option award agreements). Participants who are awarded options must exercise their options within a maximum of ten years of the grant date.

The following table summarizes the stock option activity for the six months ended June 30, 2024:

Dollars and shares in thousands, except per share amounts	Number of Shares		Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Options outstanding at January 1, 2024		509	$	23.32
Granted		—		—
Exercised		—		—
Forfeited		—		—
Expired		—		—
Options outstanding at June 30, 2024		509	$	23.32		4.4	$	3,004
Options exercisable at June 30, 2024		509	$	23.32		4.4	$	3,004

The following table provides additional stock option information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per share amounts	2024		2023		2024		2023
Weighted-average grant date fair value per share	$	—	$	—	$	—	$	—
Intrinsic value of options exercised	$	—	$	277	$	—	$	277
Fair value of stock options that vested	$	—	$	—	$	—	$	—

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Performance restricted stock units: Compensation expense for PRSUs is based on the fair value of the award estimated on the grant date using the Monte Carlo valuation model. The following are the weighted-average assumptions for the PRSU grants during the periods indicated below:

	Six Months Ended June 30,
	2024			2023
Expected volatility		42.48	%		40.18	%
Expected dividends		2.30	%		2.24	%
Risk-free rate		5.21	%		5.21	%
Discount for post-vesting restrictions		9.19	%		8.48	%

The following table summarizes PRSU activity during the six months ended June 30, 2024:

Dollars and units in thousands, except per unit amounts	Units		Weighted-Average Grant Date Fair Value Per Unit
Non-vested units at January 1, 2024		175	$	39.94
Granted		136		26.21
Achieved performance adjustment		—		—
Vested		—		—
Forfeited		—		—
Non-vested units at June 30, 2024		311	$	33.93

The following table provides additional PRSU information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per unit amounts	2024		2023		2024		2023
Weighted-average grant date fair value per unit	$	26.21	$	32.40	$	26.21	$	32.40
Fair value of PRSUs that vested	$	—	$	—	$	—	$	—

Performance-contingent restricted stock units: Compensation expense for performance-contingent RSUs is based on the Company’s closing stock price on the date of grant and the probability that certain financial goals will be achieved over the performance period. Compensation expense is estimated based on expected performance and is adjusted at each reporting period.

The following table summarizes performance-contingent RSU activity during the six months ended June 30, 2024:

Dollars and units in thousands, except per unit amounts	Units			Weighted-Average Grant Date Fair Value Per Unit
Non-vested units at January 1, 2024		45		$	30.22
Granted (target)		—			—
Achieved performance adjustment		—			—
Vested		(45	)		30.22
Forfeited		—			—
Non-vested units at June 30, 2024		—		$	—

The following table provides additional performance-contingent RSU information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per unit amounts	2024		2023		2024		2023
Weighted-average grant date fair value per unit	$	—	$	—	$	—	$	—
Fair value of RSUs that vested	$	1,371	$	1,445	$	1,371	$	1,445

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Restricted stock units: The fair value and compensation expense of the primary portion of the Company’s service-based RSUs are calculated using the Company’s closing stock price on the date of grant. These RSUs include RSUs granted pursuant to the Company’s LTIP.

The following table summarizes service-based RSU activity during the six months ended June 30, 2024:

Dollars and units in thousands, except per unit amounts	Units		Weighted-Average Grant Date Fair Value Per Unit
Non-vested units at January 1, 2024		—	$	—
Granted (target)		53		28.20
Vested		—		—
Forfeited		—		—
Non-vested units at June 30, 2024		53	$	28.20

The following table provides additional service-based RSU information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per unit amounts	2024		2023		2024		2023
Weighted-average grant date fair value per unit	$	28.20	$	—	$	28.20	$	—
Fair value of RSUs that vested	$	—	$	—	$	—	$	—

Restricted stock awards: The fair value and compensation expense of the primary portion of the Company’s RSAs are calculated using the Company’s closing stock price on the date of grant. These RSAs include director awards, inducement awards, RSAs granted pursuant to the Company’s LTIP, and, beginning in 2024, RSAs granted pursuant to the Company’s KTIP.

Prior to 2024, the Company’s KTIP was administered as a performance-based program. The fair value and compensation expense of RSAs granted pursuant to the Company’s performance-based KTIP was calculated using the Company’s closing stock price on the date of grant and the probability that certain financial goals would be achieved over the performance period. Compensation expense was estimated based on expected performance and was adjusted at each reporting period.

The following table summarizes RSA activity during the six months ended June 30, 2024:

Dollars and shares in thousands, except per share amounts	Shares			Weighted-Average Grant Date Fair Value Per Share
Non-vested shares at January 1, 2024		190		$	35.89
Granted		371			28.51
Vested		(39	)		25.71
Forfeited		(2	)		38.21
Non-vested shares at June 30, 2024		520		$	31.37

The following table provides additional RSA information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per share amounts	2024		2023		2024		2023
Weighted-average grant date fair value per share	$	28.04	$	28.97	$	28.51	$	34.50
Fair value of RSAs that vested	$	932	$	1,127	$	990	$	1,281

Note 11. Commitments and Contingencies

In the normal course of business, the Company has been named as a defendant in legal actions in connection with its activities. Some of the actual or threatened legal actions include claims for compensatory damages or claims for indeterminate amounts of damages. The Company contests liability and the amount of damages, as appropriate, in each pending matter.

Where available information indicates that it is probable that a liability has been incurred and the Company can reasonably estimate the amount of that loss, the Company accrues the estimated loss by a charge to net income.

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However, in many legal actions, it is inherently difficult to determine whether any loss is probable, or even reasonably possible, or to estimate the amount of loss. This is particularly true for actions that are in their early stages of development or where plaintiffs seek indeterminate damages. In addition, even where a loss is reasonably possible or an exposure to loss exists in excess of the liability already accrued, it is not always possible to reasonably estimate the size of the possible loss or range of loss. Before a loss, additional loss, range of loss, or range of additional loss can be reasonably estimated for any given action, numerous issues may need to be resolved, including through lengthy discovery, following determination of important factual matters, and/or by addressing novel or unsettled legal questions.

For certain other legal actions, the Company can estimate reasonably possible losses, additional losses, ranges of loss, or ranges of additional loss in excess of amounts accrued, but the Company does not believe, based on current knowledge and after consultation with counsel, that such losses will have a material adverse effect on the consolidated financial statements.

While the Company will continue to identify legal actions where it believes a material loss to be reasonably possible and reasonably estimable, there can be no assurance that material losses will not be incurred from claims that the Company has not yet been notified of or are not yet determined to be probable, or reasonably possible and reasonable to estimate.

The Company expenses legal costs as they are incurred.

Note 12. Subsequent Events

Quarterly cash dividend: In July 2024, the Company announced that the Board declared a quarterly cash dividend of $0.30 per share. The dividend will be paid on September 12, 2024 to shareholders of record at the close of business on August 21, 2024. The declaration, amount, and payment of any future cash dividends on shares of the Company’s common stock will be at the discretion of the Board.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

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 statements that reflect our current expectations and that include, but are not limited to, statements concerning our strategies, future operations, future financial position, future revenues, projected costs, expectations regarding demand and acceptance for our financial products, growth opportunities and trends in the market in which we operate, prospects, and plans and objectives of management. The words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “predicts,” “will,” “would,” “should,” “could,” “potential,” “continue,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Our forward-looking statements involve risks and uncertainties that could cause actual results, events, and/or performance to differ materially from the plans, intentions, and expectations disclosed in the forward-looking statements. Such risks and uncertainties include, without limitation, the risks set forth in our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (which was filed with the SEC on February 22, 2024), our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024 (which was filed with the SEC on May 3, 2024), and this Quarterly Report on Form 10-Q. The forward-looking information we have provided in this Quarterly Report on Form 10-Q pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 should be evaluated in the context of these factors. Forward-looking statements speak only as of the date they were made, and we undertake no obligation to update or revise such statements, except as required by the federal securities laws.

Overview

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, 2024, we operate under the name “Regional Finance” online and in 343 branch locations in 19 states across the United States, serving 545,900 active accounts. Most of our loan products are secured, and each is structured on a fixed-rate, fixed-term basis with fully amortizing equal monthly installment payments, repayable at any time without penalty. We source our loans through our omni-channel platform, which includes our branches, centrally-managed direct mail campaigns, digital partners, and our consumer website. We operate an integrated branch model in which nearly all loans, regardless of origination channel, are serviced through our branch network with the support of centralized sales, underwriting, service, collections, and administrative teams. This model provides us with frequent contact with our customers, which we believe improves our credit performance and customer loyalty. Our goal is to consistently grow our finance receivables and to soundly manage our portfolio risk, while providing our customers with attractive and easy-to-understand loan products that serve their varied financial needs.

Our products include:

•Large Loans (>$2,500) – As of June 30, 2024, we had 247.4 thousand large installment loans outstanding, representing $1.3 billion in net finance receivables. This included 63.5 thousand large loan convenience checks, representing $186.4 million in net finance receivables.

•Small Loans (≤$2,500) – As of June 30, 2024, we had 296.9 thousand small installment loans outstanding, representing $505.6 million in net finance receivables. This included 156.7 thousand small loan convenience checks, representing $236.9 million in net finance receivables.

•Retail Loans – As of June 30, 2024, we had 1.6 thousand retail purchase loans outstanding, representing $2.1 million in net finance receivables.

•Optional Insurance Products – We offer optional payment and collateral protection insurance to our direct loan customers.

Small and large installment loans are our core products and will be the drivers of future growth. We ceased accepting applications for our retail loan product offering in November 2022, to focus on growing our core loan portfolio. We continue to own and service our existing portfolio of retail loans. Our primary sources of revenue are interest and fee income from our loan products, of which interest and fees relating to small and large installment loans are the largest component. In addition to interest and fee income from loans, we derive revenue from optional insurance products purchased by customers of our direct loan products.

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Outlook

We continually assess the macroeconomic environment in which we operate in order to appropriately and timely adapt to current market conditions. Macroeconomic factors, including, but not limited to, inflationary pressures, higher interest rates, and impacts from current geopolitical events outside the U.S., may affect our business, liquidity, financial condition, and results of operations.

As inflation accelerated and geopolitical stability began to deteriorate in the fourth quarter of 2021, we began to proactively tighten our credit models. Ongoing inflationary pressures, higher interest rates, and geopolitical events outside of the U.S. continue to create economic uncertainty. We have therefore continued to maintain tighter underwriting guidelines. More recently, due to moderating inflation and expectations for an improving economic environment, we have increased the growth in our higher-margin, small loan portfolio. We grew the small loan portfolio by $61 million, or 14%, year-over-year. To balance the risk associated with the growth in our higher-margin small loan portfolio, we also continue to deploy a barbell strategy of originating larger amounts of high-quality, auto-secured loans. However, we continue to thoughtfully manage our growth and our portfolio in this economic environment.

Our allowance for credit losses was 10.5% of net finance receivables as of June 30, 2024. Our contractual delinquency as a percentage of net finance receivables was 6.9% as of June 30, 2024, consistent with the prior-year period. Going forward, macroeconomic conditions may necessitate changes to the macroeconomic assumptions within our forecast and to our credit loss performance outlook, either of which could lead to further changes in our allowance for credit losses, reserve rate, and provision for credit losses expense.

We proactively diversified our funding over the past few years and continue to maintain a strong liquidity profile. As of June 30, 2024, we had $149.4 million of available liquidity, comprised of unrestricted cash on hand and immediate availability to draw down cash from our revolving credit facilities. In addition, we had $564.4 million of unused capacity on our revolving credit facilities (subject to the borrowing base) as of June 30, 2024. We believe our liquidity position provides substantial runway to support the fundamental operations of our business and to fund future growth.

Factors Affecting Our Results of Operations

Our business is impacted by several factors affecting our revenues, costs, and results of operations, including the following:

Quarterly Information and Seasonality. Our loan volume and contractual delinquency follow seasonal trends. Demand for our loans is typically highest during the second, third, and fourth quarters, which we believe is largely due to customers borrowing money for vacation, back-to-school, and holiday spending. Loan demand has generally been the lowest during the first quarter, which we believe is largely due to the timing of income tax refunds. Delinquencies generally reach their lowest point in the first half of the year and rise in the second half of the year. Changes in quarterly growth or liquidation could result in larger allowance for credit loss releases in periods of portfolio liquidation and larger provisions for credit losses in periods of portfolio growth. Consequently, we experience seasonal fluctuations in our operating results. However, changes in macroeconomic factors, including inflation, rising interest rates, and geopolitical conflict, have impacted our typical seasonal trends for loan volume and delinquency.

Growth in Loan Portfolio. The revenue that we generate from interest and fees is largely driven by the balance of loans that we originate. Average net finance receivables were $1.8 billion for the first six months of 2024 and $1.7 billion for the prior-year period. We source our loans through our branches, centrally-managed direct mail program, digital partners, and our consumer website. The majority of our loans, regardless of origination channel, are serviced through our branches. Increasing the number of loans per branch and growing our state footprint allows us to increase the number of customers we are able to serve. We continue to assess our branch network for clear opportunities to add additional branches in new and existing states where it is favorable for us to conduct business or consolidate operations into larger branches within close geographic proximity. This branch optimization is consistent with our omni-channel strategy and builds upon our recent successes in entering new states with a lighter branch footprint, while still providing customers with best-in-class service.

Product Mix. We are exposed to different credit risks and charge different interest rates and fees with respect to the various types of loans we offer. Our product mix also varies to some extent by state, and we may further diversify our product mix in the future. The interest rates and fees vary from state to state, depending on the competitive environment and relevant laws and regulations.

Asset Quality and Allowance for Credit Losses. Our results of operations are highly dependent upon the credit quality of our loan portfolio. The credit quality of our loan portfolio is the result of our ability to enforce sound underwriting standards, maintain diligent servicing of the portfolio, and respond to changing economic conditions as we grow our loan portfolio.

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The primary underlying factors driving the provision for credit losses for each loan type are our underwriting standards, delinquency trends, the general economic conditions in the areas in which we conduct business, loan portfolio growth, and the effectiveness of our servicing and collection efforts. We monitor these factors, and the amount and past due status of all loans, to identify trends that might require us to modify the allowance for credit losses.

Interest Rates. Our costs of funds are affected by changes in interest rates, as the interest rates that we pay on certain of our credit facilities are variable. As a component of our strategy to manage the interest rate risk associated with future interest payments on our variable-rate debt, a majority of our funding was held at a fixed rate as of June 30, 2024, representing 88% of our total debt.

Operating Costs. Our financial results are impacted by the costs of operations and head office functions. Those costs are included in general and administrative expenses within our consolidated statements of comprehensive income.

Components of Results of Operations

Interest and Fee Income. Our interest and fee income consists primarily of interest earned on outstanding loans. Accrual of interest income on finance receivables is suspended when an account becomes 90 days delinquent. If the account is charged off, the accrued interest income is reversed as a reduction of interest and fee income.

Most states allow certain fees in connection with lending activities, such as loan origination fees, acquisition fees, and maintenance fees. Some states allow for higher fees while keeping interest rates lower. Loan fees are additional charges to the customer and generally are included in the annual percentage rate shown in the Truth in Lending disclosure that we make to our customers. The fees may or may not be refundable to the customer in the event of an early payoff, depending on state law. Fees are recognized as income over the life of the loan on the constant yield method.

Insurance Income, Net. Our insurance operations are a material part of our overall business and are integral to our lending activities. Insurance income, net consists primarily of earned premiums, net of certain direct costs, from the sale of various optional payment and collateral protection insurance products offered to customers who obtain loans directly from us. Insurance income, net also includes the earned premiums and direct costs associated with the non-file insurance that we purchase to protect us from credit losses where, following an event of default, we are unable to take possession of personal property collateral because our security interest is not perfected. We do not sell insurance to non-borrowers. Direct costs included in insurance income, net are claims paid, claims reserves, ceding fees, and premium taxes paid. We do not allocate to insurance income, net, any other head office or branch administrative costs associated with management of insurance operations, management of our captive insurance company, marketing and selling insurance products, legal and compliance review, or internal audits.

As reinsurer, we maintain restricted reserves comprised of restricted cash and restricted available-for-sale investments for life insurance claims in an amount determined by the unaffiliated insurance company. As of June 30, 2024, the restricted reserves consisted of $21.8 million of unearned premium reserves and $1.2 million of unpaid claims reserves. The unaffiliated insurance company maintains the reserves for non-life claims.

Other Income. Our other income consists primarily of late charges assessed on customers who fail to make a payment within a specified number of days following the due date of the payment. In addition, interest income from restricted cash, commissions earned from the sale of an auto club product, and investment income from restricted available-for-sale securities are included in other income.

Provision for Credit Losses. Provisions for credit losses are charged to income in amounts that we estimate as sufficient to maintain an allowance for credit losses at an adequate level to provide for lifetime expected credit losses on the related finance receivable portfolio. Credit loss experience, current conditions, reasonable and supportable economic forecasts, delinquency of finance receivables, loan portfolio growth, the value of underlying collateral, and management’s judgment are factors used in assessing the overall adequacy of the allowance and the resulting provision for credit losses. Substantial adjustments to the allowance may be necessary if there are significant changes in forecasted economic conditions or loan portfolio performance.

General and Administrative Expenses. Our financial results are impacted by the costs of operations and head office functions. Those costs are included in general and administrative expenses within our consolidated statements of comprehensive income. Our general and administrative expenses are comprised of four categories: personnel, occupancy, marketing, and other. We measure our general and administrative expenses as a percentage of average net finance receivables, which we refer to as our operating expense ratio.

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Our personnel expenses are the largest component of our general and administrative expenses and consist primarily of the salaries and wages, overtime, contract labor, relocation costs, incentives, benefits, and related payroll taxes associated with all of our operations and head office employees.

Our occupancy expenses consist primarily of the cost of renting our facilities, all of which are leased, and the utility, depreciation of leasehold improvements and furniture and fixtures, communication services, data processing, and other non-personnel costs associated with operating our business.

Our marketing expenses consist primarily of costs associated with our direct mail campaigns (including postage and costs associated with selecting recipients), digital marketing, maintaining our consumer website, and local marketing by branches. These costs are expensed as incurred.

Other expenses consist primarily of legal, compliance, audit, and consulting costs, as well as software maintenance and support, non-employee director compensation, electronic payment processing costs, bank service charges, office supplies, credit bureau charges, and the amortization of software, software licenses, and implementation costs. We frequently experience fluctuations in other expenses as we grow our loan portfolio and expand our market footprint. For a discussion regarding how risks and uncertainties associated with the current regulatory environment may impact our future expenses, net income, and overall financial condition, see Part II, Item 1A, “Risk Factors.”

Interest Expense. Our interest expense consists primarily of paid and accrued interest for debt, unused line fees, and amortization of debt issuance costs on debt.

Income Taxes. Income taxes consist of state and federal income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The change in deferred tax assets and liabilities is recognized in the period in which the change occurs, and the effects of future tax rate changes are recognized in the period in which the enactment of new rates occurs.

Results of Operations

The following table summarizes our results of operations, both in dollars and as a percentage of average net finance receivables (annualized):

	2Q 24					2Q 23					YTD 24					YTD 23
Dollars in thousands	Amount		% of Average Net Finance Receivables			Amount		% of Average Net Finance Receivables			Amount		% of Average Net Finance Receivables			Amount		% of Average Net Finance Receivables
Revenue
Interest and fee income	$	127,898		29.3	%	$	118,083		28.2	%	$	256,716		29.3	%	$	238,490		28.3	%
Insurance income, net		10,507		2.4	%		11,203		2.7	%		21,481		2.4	%		22,162		2.6	%
Other income		4,620		1.0	%		4,198		1.0	%		9,136		1.1	%		8,210		1.0	%
Total revenue		143,025		32.7	%		133,484		31.9	%		287,333		32.8	%		268,862		31.9	%
Expenses
Provision for credit losses		53,802		12.3	%		52,551		12.6	%		100,225		11.4	%		100,219		11.9	%
Personnel		37,097		8.5	%		36,419		8.7	%		74,917		8.5	%		75,016		8.9	%
Occupancy		6,149		1.4	%		6,158		1.5	%		12,524		1.4	%		12,446		1.5	%
Marketing		4,836		1.1	%		3,844		0.9	%		9,151		1.0	%		7,223		0.9	%
Other		12,054		2.8	%		10,475		2.5	%		23,992		2.9	%		21,534		2.5	%
Total general and administrative		60,136		13.8	%		56,896		13.6	%		120,584		13.8	%		116,219		13.8	%
Interest expense		17,865		4.0	%		16,224		3.8	%		35,369		4.0	%		33,006		3.9	%
Income before income taxes		11,222		2.6	%		7,813		1.9	%		31,155		3.6	%		19,418		2.3	%
Income taxes		2,777		0.7	%		1,790		0.5	%		7,505		0.9	%		4,706		0.6	%
Net income	$	8,445		1.9	%	$	6,023		1.4	%	$	23,650		2.7	%	$	14,712		1.7	%

Information explaining the changes in our results of operations from year-to-year is provided in the following pages.

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The following tables summarize the quarterly trends of our financial results:

	Income Statement Quarterly Trend
In thousands, except per share amounts	2Q 23			3Q 23			4Q 23			1Q 24			2Q 24			QoQ $ B(W)			YoY $ B(W)
Revenue
Interest and fee income	$	118,083		$	125,018		$	126,190		$	128,818		$	127,898		$	(920	)	$	9,815
Insurance income, net		11,203			11,382			10,985			10,974			10,507			(467	)		(696	)
Other income		4,198			4,478			4,484			4,516			4,620			104			422
Total revenue		133,484			140,878			141,659			144,308			143,025			(1,283	)		9,541
Expenses
Provision for credit losses		52,551			50,930			68,885			46,423			53,802			(7,379	)		(1,251	)
Personnel		36,419			39,832			42,024			37,820			37,097			723			(678	)
Occupancy		6,158			6,315			6,268			6,375			6,149			226			9
Marketing		3,844			4,077			4,474			4,315			4,836			(521	)		(992	)
Other		10,475			11,880			12,030			11,938			12,054			(116	)		(1,579	)
Total general and administrative		56,896			62,104			64,796			60,448			60,136			312			(3,240	)
Interest expense		16,224			16,947			17,510			17,504			17,865			(361	)		(1,641	)
Income before income taxes		7,813			10,897			(9,532	)		19,933			11,222			(8,711	)		3,409
Income taxes		1,790			2,077			(1,958	)		4,728			2,777			1,951			(987	)
Net income	$	6,023		$	8,820		$	(7,574	)	$	15,205		$	8,445		$	(6,760	)	$	2,422
Net income per common share:
Basic	$	0.64		$	0.94		$	(0.80	)	$	1.59		$	0.88		$	(0.71	)	$	0.24
Diluted	$	0.63		$	0.91		$	(0.80	)	$	1.56		$	0.86		$	(0.70	)	$	0.23
Weighted-average shares outstanding:
Basic		9,399			9,429			9,437			9,569			9,613			(44	)		(214	)
Diluted		9,566			9,650			9,437			9,746			9,863			(117	)		(297	)
	Balance Sheet Quarterly Trend
	2Q 23			3Q 23			4Q 23			1Q 24			2Q 24			QoQ $ Inc (Dec)			YoY $ Inc (Dec)
Total assets	$	1,723,616		$	1,765,340		$	1,794,527		$	1,756,748		$	1,789,052		$	32,304		$	65,436
Net finance receivables	$	1,688,937		$	1,751,009		$	1,771,410		$	1,744,286		$	1,773,743		$	29,457		$	84,806
Allowance for credit losses	$	181,400		$	184,900		$	187,400		$	187,100		$	185,400		$	(1,700	)	$	4,000
Debt	$	1,344,855		$	1,372,748		$	1,399,814		$	1,358,795		$	1,378,449		$	19,654		$	33,594
	Other Key Metrics Quarterly Trend
	2Q 23			3Q 23			4Q 23			1Q 24			2Q 24			QoQ Inc (Dec)			YoY Inc (Dec)
Interest and fee yield (annualized)		28.2	%		29.0	%		28.8	%		29.3	%		29.3	%		—			1.1	%
Efficiency ratio		42.6	%		44.1	%		45.7	%		41.9	%		42.0	%		0.1	%		(0.6	)%
Operating expense ratio		13.6	%		14.4	%		14.8	%		13.7	%		13.8	%		0.1	%		0.2	%
30+ contractual delinquency		6.9	%		7.3	%		6.9	%		7.1	%		6.9	%		(0.2	)%		—
Net credit loss ratio		13.1	%		11.0	%		15.1	%		10.6	%		12.7	%		2.1	%		(0.4	)%
Book value per share	$	32.71		$	33.61		$	33.02		$	34.10		$	33.96		$	(0.14	)	$	1.25

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Comparison of June 30, 2024, Versus June 30, 2023

The following discussion and table describe the changes in finance receivables by product type:

•Large Loans (>$2,500) – Large loans outstanding increased by $28.0 million, or 2.3%, to $1.3 billion at June 30, 2024, from $1.2 billion at June 30, 2023. The increase was due to increased marketing, the growth of receivables in branches opened during 2023 and 2024, and the transition of small loan customers to large loans, partially offset by credit tightening for disciplined growth.

•Small Loans (≤$2,500) – Small loans outstanding increased by $61.1 million, or 13.7%, to $505.6 million at June 30, 2024, from $444.6 million at June 30, 2023. The increase was due to increased marketing and growth of receivables in branches opened during 2023 and 2024, partially offset by credit tightening for disciplined growth and the transition of small loan customers to large loans.

•Retail Loans – Retail loans outstanding decreased $4.2 million, or 67.2%, to $2.1 million at June 30, 2024, from $6.3 million at June 30, 2023. We ceased accepting applications for our retail loan product offering as of November 2022 to focus on growing our core loan portfolio.

	Net Finance Receivables by Product
Dollars in thousands	2Q 24		2Q 23		YoY $ Inc (Dec)			YoY % Inc (Dec)
Large loans	$	1,266,032	$	1,238,031	$	28,001			2.3	%
Small loans		505,640		444,590		61,050			13.7	%
Retail loans		2,071		6,316		(4,245	)		(67.2	)%
Total net finance receivables	$	1,773,743	$	1,688,937	$	84,806			5.0	%
Number of branches at period end		343		347		(4	)		(1.2	)%
Net finance receivables per branch	$	5,171	$	4,867	$	304			6.2	%

Comparison of the Three Months Ended June 30, 2024, Versus the Three Months Ended June 30, 2023

Net Income. Net income increased $2.4 million, or 40.2%, to $8.4 million during the three months ended June 30, 2024, from $6.0 million during the prior-year period. The increase was due to an increase in revenue of $9.5 million, partially offset by an increase in general and administrative expenses of $3.2 million, an increase in interest expense of $1.6 million, an increase in provision for credit losses of $1.3 million, and an increase in income taxes of $1.0 million.

Revenue. Total revenue increased $9.5 million, or 7.1%, to $143.0 million during the three months ended June 30, 2024, from $133.5 million during the prior-year period. The components of revenue are explained in greater detail below.

Interest and Fee Income. Interest and fee income increased $9.8 million, or 8.3%, to $127.9 million during the three months ended June 30, 2024, from $118.1 million during the prior-year period. The increase was primarily due to a 4.5% increase in average net finance receivables and a 1.1% increase in annualized average yield. The increase in yield was due to price increases and product mix to higher-rate small loan business.

The following table sets forth the average net finance receivables balance and average yield for our loan products:

	Average Net Finance Receivables for the  Three Months Ended							Average Yields for the Three Months Ended (1)
Dollars in thousands	2Q 24		2Q 23		YoY % Inc (Dec)			2Q 24			2Q 23			YoY % Inc (Dec)
Large loans	$	1,255,729	$	1,223,339		2.6	%		26.1	%		26.0	%		0.1	%
Small loans		490,615		443,601		10.6	%		37.3	%		34.5	%		2.8	%
Retail loans		2,433		7,191		(66.2	)%		16.6	%		16.6	%		—
Total interest and fee yield	$	1,748,777	$	1,674,131		4.5	%		29.3	%		28.2	%		1.1	%

(1) Annualized interest and fee income as a percentage of average net finance receivables.

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Total originations increased to $426.1 million during the three months ended June 30, 2024, from $399.0 million during the prior-year period. Quarterly origination volume was higher than the prior-year period primarily due to an increase in small loan convenience checks. The following table represents the principal balance of loans originated and refinanced:

	Loans Originated for the Three Months Ended
Dollars in thousands	2Q 24		2Q 23		YoY $ Inc (Dec)		YoY % Inc (Dec)
Large loans	$	254,779	$	249,514	$	5,265		2.1	%
Small loans		171,282		149,460		21,822		14.6	%
Total loans originated	$	426,061	$	398,974	$	27,087		6.8	%

The following table summarizes the components of the increase in interest and fee income:

	Components of Increase in Interest and Fee Income  2Q 24 Compared to 2Q 23 Increase (Decrease)
Dollars in thousands	Volume			Rate		Volume & Rate			Net
Large loans	$	2,105		$	380	$	10		$	2,495
Small loans		4,057			3,129		331			7,517
Retail loans		(197	)		1		(1	)		(197	)
Product mix		(700	)		846		(146	)		—
Total increase in interest and fee income	$	5,265		$	4,356	$	194		$	9,815

Insurance Income, Net. Insurance income, net decreased $0.7 million, or 6.2% to $10.5 million during the three months ended June 30, 2024, from $11.2 million during the prior-year period. During both the three months ended June 30, 2024 and the prior-year period, personal property insurance premiums represented the largest component of aggregate earned insurance premiums, and life insurance claims expense represented the largest component of direct insurance expenses.

The following table summarizes the components of insurance income, net:

	Insurance Premiums and Direct Expenses for the Three Months Ended
Dollars in thousands	2Q 24			2Q 23			YoY $ B(W)			YoY % B(W)
Earned premiums	$	13,901		$	14,746		$	(845	)		(5.7	)%
Claims, reserves, and certain direct expenses		(3,394	)		(3,543	)		149			4.2	%
Insurance income, net	$	10,507		$	11,203		$	(696	)		(6.2	)%

Earned premiums decreased by $0.8 million, and claims, reserves, and certain direct expenses decreased by $0.1 million compared to the prior-year period. The decrease in earned premiums was primarily due to our strategic shifts in product and geographic mix which resulted in fewer active policies. The decrease in claims, reserves, and certain direct expenses was primarily due to a decrease in claims expense.

Other Income. Other income increased $0.4 million, or 10.1%, to $4.6 million during the three months ended June 30, 2024, from $4.2 million during the prior-year period, primarily due to higher late charges of $0.2 million associated with portfolio growth and an increase in sales of our auto club product of $0.1 million.

Provision for Credit Losses. Our provision for credit losses increased $1.3 million, or 2.4%, to $53.8 million during the three months ended June 30, 2024, from $52.6 million during the prior-year period. The increase was due to a change in provision expense of $0.7 million and an increase in net credit losses of $0.6 million, in each case compared to the prior-year period. The increase in the provision for credit losses is explained in greater detail below.

Allowance for Credit Losses. We evaluate delinquency and losses in each of our loan products in establishing the allowance for credit losses. During the three months ended June 30, 2024, and the prior-year period, the allowance for credit losses included releases of $1.7 million and $2.4 million, respectively. The allowance for credit losses as a percentage of finance receivables decreased to 10.5% as of June 30, 2024, from 10.7% as of the prior-year period due to changes in estimated future macroeconomic impacts on credit losses, partially offset by portfolio growth.

Net Credit Losses. Net credit losses increased $0.6 million, or 1.0%, to $55.5 million during the three months ended June 30, 2024, from $55.0 million during the prior-year period. The increase was primarily due to higher average net finance

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receivables. Annualized net credit losses as a percentage of average net finance receivables were 12.7% during the three months ended June 30, 2024, compared to 13.1% during the prior-year period.

Delinquency Performance. Our contractual delinquency as a percentage of net finance receivables remained consistent at 6.9% as of both June 30, 2024 and the prior-year period.

The following tables include delinquency balances by aging category and by product:

	Contractual Delinquency by Aging
Dollars in thousands	2Q 24				2Q 23
Current	$	1,497,219	84.4	%	$	1,433,787	84.9	%
1 to 29 days past due		153,788	8.7	%		138,810	8.2	%
Delinquent accounts:
30 to 59 days		34,924	1.9	%		33,676	2.0	%
60 to 89 days		27,689	1.6	%		24,931	1.5	%
90 to 119 days		21,607	1.2	%		20,041	1.1	%
120 to 149 days		19,333	1.1	%		18,087	1.1	%
150 to 179 days		19,183	1.1	%		19,605	1.2	%
Total contractual delinquency	$	122,736	6.9	%	$	116,340	6.9	%
Total net finance receivables	$	1,773,743	100.0	%	$	1,688,937	100.0	%

	Contractual Delinquency by Product
Dollars in thousands	2Q 24				2Q 23
Large loans	$	76,432	6.0	%	$	74,637	6.0	%
Small loans		46,015	9.1	%		40,894	9.2	%
Retail loans		289	14.0	%		809	12.8	%
Total contractual delinquency	$	122,736	6.9	%	$	116,340	6.9	%

General and Administrative Expenses. Our general and administrative expenses increased $3.2 million, or 5.7%, to $60.1 million during the three months ended June 30, 2024, from $56.9 million during the prior-year period. The absolute dollar increase in general and administrative expenses is explained in greater detail below.

Personnel. The largest component of general and administrative expenses was personnel expense, which increased $0.7 million, or 1.9%, to $37.1 million during the three months ended June 30, 2024, from $36.4 million during the prior-year period. The increase was driven by higher incentive costs of $1.1 million. This increase was partially offset by higher capitalized loan origination costs, which reduce personnel expenses, of $0.5 million compared to the prior-year period.

Occupancy. Occupancy expenses were $6.1 million during the three months ended June 30, 2024, comparable to $6.2 million during the prior-year period.

Marketing. Marketing expenses increased $1.0 million, or 25.8%, to $4.8 million during the three months ended June 30, 2024, from $3.8 million during the prior-year period due to increased activity in our direct mail campaigns to support growth.

Other Expenses. Other expenses increased $1.6 million, or 15.1%, to $12.1 million during the three months ended June 30, 2024, from $10.5 million during the prior-year period. The prior-year period included insurance settlement proceeds of $1.0 million which reduced other expenses. The remaining increase was primarily due to investment in digital and technological capabilities of $0.4 million and collections expense of $0.3 million compared to the prior-year period.

Operating Expense Ratio. Our annualized operating expense ratio increased by 0.2% to 13.8% during the three months ended June 30, 2024, from 13.6% during the prior-year period. The prior-year period included insurance settlement proceeds of $1.0 million, which decreased the ratio by 0.2%.

Interest Expense. Interest expense increased $1.6 million, or 10.1%, to $17.9 million during the three months ended June 30, 2024, from $16.2 million during the prior-year period. The increase was primarily due to an increase in our average cost of debt as well as an increase in the average balance of our debt facilities. An increase in variable rate funding costs increased our annualized average cost of debt 0.35% to 5.25% during the three months ended June 30, 2024, from 4.90% as of the prior-year period. The

39

average balance of our debt facilities increased to $1.4 billion during the three months ended June 30, 2024, from $1.3 billion during the prior-year period.

Income Taxes. Income taxes increased $1.0 million, or 55.1%, to $2.8 million during the three months ended June 30, 2024, from $1.8 million during the prior-year period. The increase was primarily due to a $3.4 million increase in income before income taxes compared to the prior-year period. Our effective tax rates were 24.7% and 22.9% for the three months ended June 30, 2024 and the prior-year period, respectively. The increase in the effective tax rate was primarily related to a favorable state earnings mix in the prior year period.

Comparison of the Six Months Ended June 30, 2024, Versus the Six Months Ended June 30, 2023

Net Income. Net income increased $8.9 million, or 60.8%, to $23.7 million during the six months ended June 30, 2024, from $14.7 million during the prior-year period. The increase was due to an increase in revenue of $18.5 million, partially offset by an increase in general and administrative expenses of $4.4 million, an increase in income taxes of $2.8 million and an increase in interest expense of $2.4 million.

Revenue. Total revenue increased $18.5 million, or 6.9%, to $287.3 million during the six months ended June 30, 2024, from $268.9 million during the prior-year period. The components of revenue are explained in greater detail below.

Interest and Fee Income. Interest and fee income increased $18.2 million, or 7.6%, to $256.7 million during the six months ended June 30, 2024, from $238.5 million during the prior-year period. The increase was primarily due to a 4.2% increase in average net finance receivables and a 1.0% increase in annualized average yield. The increase in yield was due to price increases and product mix to higher-rate small loan business. The six months ended June 30, 2024 and June 30, 2023 included reductions in revenue reversals of an estimated $1.7 million and $1.9 million attributable to the loan sales that occurred during the fourth quarters of 2023 and 2022, respectively.

The following table sets forth the average net finance receivables balance and average yield for our loan products:

	Average Net Finance Receivables  for the Six Months Ended							Average Yields for the Six Months Ended (1)
Dollars in thousands	YTD 24		YTD 23		YoY % Inc (Dec)			YTD 24			YTD 23			YoY % Inc (Dec)
Large loans	$	1,259,611	$	1,219,464		3.3	%		26.1	%		26.0	%		0.1	%
Small loans		491,262		455,659		7.8	%		37.6	%		34.8	%		2.8	%
Retail loans		2,887		8,068		(64.2	)%		16.1	%		17.7	%		(1.6	)%
Total interest and fee yield	$	1,753,760	$	1,683,191		4.2	%		29.3	%		28.3	%		1.0	%

(1)Annualized interest and fee income as a percentage of average net finance receivables.

Total originations increased to $752.4 million during the six months ended June 30, 2024, from $702.2 million during the prior-year period. Origination volume increased during the six months ended June 30, 2024 compared to the prior-year period due to an increase in small loan convenience checks. The following table represents the principal balance of loans originated and refinanced:

	Loans Originated for the Six Months Ended
Dollars in thousands	YTD 24		YTD 23		YoY $ Inc (Dec)			YoY % Inc (Dec)
Large loans	$	439,853	$	443,085	$	(3,232	)		(0.7	)%
Small loans		312,563		258,944		53,619			20.7	%
Retail loans		—		146		(146	)		(100.0	)%
Total loans originated	$	752,416	$	702,175	$	50,241			7.2	%

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The following table summarizes the components of the increase in interest and fee income:

	Components of Increase in Interest and Fee Income  YTD 24 Compared to YTD 23  Increase (Decrease)
Dollars in thousands	Volume			Rate			Volume & Rate			Net
Large loans	$	5,219		$	407		$	13		$	5,639
Small loans		6,193			6,378			498			13,069
Retail loans		(459	)		(64	)		41			(482	)
Product mix		(954	)		1,175			(221	)		—
Total increase in interest and fee income	$	9,999		$	7,896		$	331		$	18,226

Insurance Income, Net. Insurance income, net decreased $0.7 million, or 3.1%, to $21.5 million during the six months ended June 30, 2024, from $22.2 million during the prior-year period. During both the six months ended June 30, 2024 and the prior-year period, personal property insurance premiums represented the largest component of aggregate earned insurance premiums. Life insurance claims expense represented the largest component of direct insurance expenses for both the six months ended June 30, 2024 and the prior-year period.

The following table summarizes the components of insurance income, net:

	Insurance Premiums and Direct Expenses for the Six Months Ended
Dollars in thousands	YTD 24			YTD 23			YoY $ B(W)			YoY % B(W)
Earned premiums	$	28,400		$	30,162		$	(1,762	)		(5.8	)%
Claims, reserves, and certain direct expenses		(6,919	)		(8,000	)		1,081			13.5	%
Insurance income, net	$	21,481		$	22,162		$	(681	)		(3.1	)%

Earned premiums decreased by $1.8 million and claims, reserves, and certain direct expenses decreased by $1.1 million compared to the prior-year period. The decrease in earned premiums was primarily due to our strategic shifts in product and geographic mix which resulted in fewer active policies. The decrease in claims, reserves, and certain direct expenses was primarily due to a decrease in claims expense.

Other Income. Other income increased $0.9 million, or 11.3%, to $9.1 million during the six months ended June 30, 2024, from $8.2 million during the prior-year period, primarily due to higher late charges of $0.4 million associated with portfolio growth, higher interest income of $0.2 million from cash reserves, and an increase in sales of our auto club product of $0.1 million.

Provision for Credit Losses. Our provision for credit losses remained consistent at $100.2 million during the six months ended June 30, 2024, from the prior-year period. Net credit losses increased $4.6 million, offset by a decrease of $4.6 million in the allowance for credit losses, in each case compared to the prior-year period. The provision for credit losses is explained in greater detail below.

Allowance for Credit Losses. We evaluate delinquency and losses in each of our loan products in establishing the allowance for credit losses. During the six months ended June 30, 2024, and the prior-year period, the allowance for credit losses included a release of $2.0 million and a build of $2.6 million, respectively. The allowance for credit losses as a percentage of finance receivables decreased to 10.5% as of June 30, 2024, from 10.7% as of the prior-year period. The decrease was primarily due to changes in estimated future macroeconomic impacts on credit losses, partially offset by portfolio growth.

Net Credit Losses. Net credit losses increased $4.6 million, or 4.7%, to $102.2 million during the six months ended June 30, 2024, from $97.6 million during the prior-year period. The increase was primarily due to higher average net finance receivables. Annualized net credit losses as a percentage of average net finance receivables were 11.7% during the six months ended June 30, 2024, compared to 11.6% during the prior-year period. Our net credit loss ratios during the six months ended June 30, 2024 and June 30, 2023 were inclusive of estimated 130 basis point and 140 basis point benefits from accelerated charge-offs in each of the fourth quarters of 2023 and 2022, respectively, attributable to the loan sales.

Delinquency Performance. Our contractual delinquency as a percentage of net finance receivables remained consistent at 6.9% as of both June 30, 2024 and the prior-year period.

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General and Administrative Expenses. Our general and administrative expenses increased $4.4 million, or 3.8%, to $120.6 million during the six months ended June 30, 2024, from $116.2 million during the prior-year period. The absolute dollar increase in general and administrative expenses is explained in greater detail below.

Personnel. The largest component of general and administrative expenses was personnel expense, which decreased $0.1 million, or 0.1%, to $74.9 million during the six months ended June 30, 2024, from $75.0 million during the prior-year period. The decrease was primarily due to higher capitalized loan origination costs, which reduce personnel expenses, of $0.9 million, and lower incentives of $0.2 million, compared to the prior-year period. These decreases were partially offset by increased labor expenses of $0.9 million.

Occupancy. Occupancy expenses were $12.5 million during the six months ended June 30, 2024, comparable to $12.4 million during the prior-year period.

Marketing. Marketing expenses increased $1.9 million, or 26.7%, to $9.2 million during the six months ended June 30, 2024, from $7.2 million during the prior-year period. The increase was primarily due to increased activity in our direct mail campaigns to support growth.

Other Expenses. Other expenses increased $2.5 million, or 11.4%, to $24.0 million during the six months ended June 30, 2024, from $21.5 million during the prior-year period. The prior-year period included insurance settlement proceeds of $1.0 million which reduced other expenses. The remaining increase was primarily due to our investment in digital and technological capabilities of $0.7 million, compared to the prior-year period. Additionally, we often experience increases in other expenses including legal expenses, collections expense, bank fees, and certain professional expenses as we grow our loan portfolio and expand our market footprint.

Operating Expense Ratio. Our annualized operating expense ratio remained consistent at 13.8% during the six months ended June 30, 2024 and the prior-year period.

Interest Expense. Interest expense increased $2.4 million, or 7.2%, to $35.4 million during the six months ended June 30, 2024, compared to $33.0 million during the prior-year period. The increase was primarily due to an increase in our average cost of debt as well as an increase in the average balance of our debt facilities. The annualized average cost of debt increased 0.19% to 5.17% during the six months ended June 30, 2024, from 4.98% as of the prior-year-period. The average balance of our debt facilities increased to $1.4 billion during the six months ended June 30, 2024, from $1.3 billion during the prior-year period.

Income Taxes. Income taxes increased $2.8 million, or 59.5%, to $7.5 million during the six months ended June 30, 2024, from $4.7 million during the prior-year period. The increase was primarily due to a $11.7 million increase in income before income taxes compared to the prior-year period. Our effective tax rates were 24.1% and 24.2% for the six months ended June 30, 2024 and the prior-year period, respectively.

Liquidity and Capital Resources

Our primary cash needs relate to the funding of our lending activities and, to a lesser extent, expenditures relating to improving our technology infrastructure and expanding and maintaining our branch locations. We have historically financed, and plan to continue to finance, our short-term and long-term operating liquidity and capital needs through a combination of cash flows from operations and borrowings under our debt facilities, including our senior revolving credit facility, revolving warehouse credit facilities, and asset-backed securitization transactions, all of which are described below. We continue to seek ways to diversify our funding sources. As of June 30, 2024, we had a funded debt-to-equity ratio (debt divided by total stockholders’ equity) of 4.0 to 1.0 and a stockholders’ equity ratio (total stockholders’ equity as a percentage of total assets) of 19.3%.

Cash and cash equivalents decreased to $4.3 million as of June 30, 2024, from $4.5 million as of the prior year-end. We had immediate availability to draw down cash from our revolving credit facilities of $145.1 million and $108.1 million as of June 30, 2024 and the prior year-end, respectively. Our unused capacity on our revolving credit facilities (subject to the borrowing base) was $564.4 million and $551.5 million as of June 30, 2024, and the prior year-end, respectively. Our total debt was $1.4 billion as of both June 30, 2024, and the prior year-end, respectively.

Based upon anticipated cash flows, we believe that cash flows from operations and our various financing alternatives will provide sufficient financing for debt maturities and operations over the next twelve months, as well as into the future.

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From time to time, we have extended the maturity date of and increased the borrowing limits under our senior revolving credit facility. While we have successfully obtained such extensions and increases in the past, there can be no assurance that we will be able to do so if and when needed in the future. In addition, the revolving period maturities of our securitizations and warehouse credit facilities (each as described below within “Financing Arrangements and Restricted Cash Reserve Accounts”) range from October 2024 to May 2027. As of June 30, 2024, we did not exercise our right to redeem the notes of our RMIT 2020-1 and RMIT 2021-1 securitizations, for which the revolving periods ended in September 2023 and February 2024, respectively. There can be no assurance that we will be able to secure an extension of the warehouse credit facilities or close additional securitization transactions if and when needed in the future.

Dividends.

The Board may in its discretion declare and pay cash dividends on our common stock. The following table sets forth the dividends declared and paid for the six months ended June 30, 2024:

Period	Declaration Date	Record Date	Payment Date	Dividends Declared Per Common Share
1Q 24	February 7, 2024	February 22, 2024	March 14, 2024	$	0.30
2Q 24	May 1, 2024	May 22, 2024	June 12, 2024		0.30
Total				$	0.60

The Board declared and paid $6.0 million of cash dividends on our common stock during the six months ended June 30, 2024. See Note 12, “Subsequent Events” of the Notes to Consolidated Financial Statements in Part I, Item 1, “Financial Statements,” for information regarding our cash dividend following the end of the quarter.

While we intend to pay our quarterly dividend for the foreseeable future, all subsequent dividends will be reviewed and declared at the discretion of the Board and will depend on many factors, including our financial condition, earnings, cash flows, capital requirements, level of indebtedness, statutory and contractual restrictions applicable to the payment of dividends, and other considerations that the Board deems relevant. Our dividend payments may change from time to time, and the Board may choose not to continue to declare dividends in the future.

Cash Flow.

Operating Activities. Net cash provided by operating activities during the six months ended June 30, 2024 was $130.0 million, compared to $114.7 million during the prior-year period, a net increase of $15.2 million. The increase in net cash provided was primarily due to the growth of our loan portfolio.

Investing Activities. Investing activities consist of originations and repayments of finance receivables, purchases of intangible assets, and purchases of property and equipment for new and existing branches. Net cash used in investing activities during the six months ended June 30, 2024 was $84.6 million, compared to $84.8 million during the prior-year period, a net decrease in cash used of $0.2 million. The decrease in net cash used was primarily driven by increased repayments of finance receivables and proceeds from maturities of restricted available-for-sale investments, partially offset by increased originations as we grow our loan portfolio.

Financing Activities. Financing activities consist of borrowings and payments on our outstanding indebtedness. Net cash used in financing activities during the six months ended June 30, 2024 was $30.9 million, compared to $20.3 million during the prior-year period, a net increase in cash used of $10.6 million. The net increase in cash used was primarily due to an increase in the net payments on debt instruments of $10.6 million.

Financing Arrangements and Restricted Cash Reserve Accounts.

As of June 30, 2024, we had five credit facilities outstanding and, from time to time, engaged in the private offering and sale of asset-backed notes. As part of our overall funding strategy, we have transferred certain finance receivables to affiliated VIEs for asset-backed financing transactions. Our debt arrangements described below, other than our senior revolving credit facility, are issued by each of our RMR and RMIT SPEs, which are considered VIEs under GAAP. These debts are supported by the expected cash flows from the underlying collateralized finance receivables. Collections on these finance receivables are remitted to restricted cash collection accounts, which totaled $103.4 million and $109.9 million as of June 30, 2024 and December 31, 2023, respectively. Our debt arrangements also contain various debt covenants. We were in compliance with all such debt covenants as of June 30, 2024.

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Revolving Credit Facilities. The following is a summary of our revolving credit facilities as of June 30, 2024:

Dollars in thousands	Capacity		Debt Balance		Effective Interest Rate	Facility Cash Reserve Requirement		Restricted Cash Collection		Maturity Date
Senior	$	355,000	$	145,701	8.43%	N/A		N/A		Sep 2025
RMR IV warehouse	$	125,000	$	10	8.23%	$	271	$	156	May 2026
RMR V warehouse	$	100,000	$	13,122	8.28%	$	163	$	302	Nov 2025
RMR VI warehouse	$	75,000	$	4,744	7.93%	$	63	$	117	Feb 2026
RMR VII warehouse	$	75,000	$	3,503	8.43%	$	43	$	28	Oct 2025

Securitizations. The following is a summary of our securitizations as of June 30, 2024:

Dollars in thousands	Issue Amount		Debt Balance		Effective Interest Rate	Restricted Cash Reserves		Restricted Cash Collection		Revolving Period Maturity	Final Maturity Date
RMIT 2020-1	$	180,000	$	84,600	3.42%	$	1,875	$	7,368	Sep 2023	Oct 2030
RMIT 2021-1	$	248,700	$	178,886	2.24%	$	2,604	$	15,094	Feb 2024	Mar 2031
RMIT 2021-2	$	200,000	$	200,191	2.30%	$	2,083	$	14,629	Jul 2026	Aug 2033
RMIT 2021-3	$	125,000	$	125,202	3.88%	$	1,471	$	15,434	Sep 2026	Oct 2033
RMIT 2022-1	$	250,000	$	250,374	3.59%	$	2,646	$	18,734	Feb 2025	Mar 2032
RMIT 2022-2B (1)	$	200,000	$	184,295	7.51%	$	2,326	$	16,121	Oct 2024	Nov 2031
RMIT 2024-1	$	187,305	$	187,821	6.19%	$	1,078	$	15,425	May 2027	July 2036

(1) RMR III retained $16.3 million of Class C fixed-rate, asset-backed notes that may be sold in whole or in part.

RMC Reinsurance. Our wholly owned subsidiary, RMC Reinsurance, Ltd., is required to maintain reserves against life insurance policies ceded to it, as determined by the ceding company. These reserves are comprised of restricted cash and restricted available-for-sale investments, which totaled $20.9 million and $2.2 million, respectively, as of June 30, 2024.

Critical Accounting Policies and Estimates

Management’s discussion and analysis of financial condition and results of operations is based upon our consolidated financial statements, which have been prepared in accordance with GAAP and conform to general practices within the consumer finance industry. The preparation of these financial statements requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and disclosure of contingent assets and liabilities for the periods indicated in the financial statements. Management bases estimates on historical experience and other assumptions it believes to be reasonable under the circumstances and evaluates these estimates on an ongoing basis. Actual results may differ from these estimates under different assumptions or conditions.

Allowance for Credit Losses.

The allowance for credit losses is based on historical credit experience, current conditions, and reasonable and supportable economic forecasts. The historical loss experience is adjusted for quantitative and qualitative factors that are not fully reflected in the historical data. In determining our estimate of expected credit losses, we evaluate information related to credit metrics, changes in our lending strategies and underwriting practices, and the current and forecasted direction of the economic and business environment. These metrics include, but are not limited to, loan portfolio mix and growth, unemployment, credit loss trends, delinquency trends, changes in underwriting, and operational risks.

We selected a PD / LGD model to estimate our base allowance for credit losses, in which the estimated loss is equal to the product of PD and LGD. Historical net finance receivables are tracked over the term of the pools to identify the incidences of loss (PDs) and the average severity of losses (LGDs).

To enhance the precision of the allowance for credit loss estimate, we evaluate our finance receivable portfolio on a pool basis and segment each pool of finance receivables with similar credit risk characteristics. As part of our evaluation, we consider loan portfolio characteristics such as product type, loan size, loan term, internal or external credit scores, delinquency status, geographical location, and vintage. Based on analysis of historical loss experience, we selected the following segmentation: product type, FICO score, and delinquency status.

As finance receivables are originated, provisions for credit losses are recorded in amounts sufficient to maintain an allowance for credit losses at an adequate level to provide for estimated losses over the contractual life of the finance receivables (considering

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the effect of prepayments). Subsequent changes to the contractual terms that are a result of re-underwriting are not included in the finance receivable’s contractual life (considering the effect of prepayments). We use our segmentation loss experience to forecast expected credit losses. Historical information about losses generally provides a basis for the estimate of expected credit losses. We also consider the need to adjust historical information to reflect the extent to which current conditions differ from the conditions that existed for the period over which historical information was evaluated. These adjustments to historical loss information may be qualitative or quantitative in nature.

Macroeconomic forecasts are required for our allowance for credit loss model and require significant judgment and estimation uncertainty. We consider key economic factors, most notably unemployment rates, to incorporate into our estimate of the allowance for credit losses. We engaged a major rating service provider to assist with compiling a reasonable and supportable forecast which we use to support the adjustments of our historical loss experience.

Due to the judgment and uncertainty in estimating the expected credit losses, we may experience changes to the macroeconomic assumptions within our forecast, as well as changes to our credit loss performance outlook, both of which could lead to further changes in our allowance for credit losses, allowance as a percentage of net finance receivables, and provision for credit losses. Potential macroeconomic changes have created conditions that increase the level of uncertainty associated with our estimate of the amount and timing of future credit losses from our loan portfolio.

Macroeconomic Sensitivity. To demonstrate the sensitivity of forecasting macroeconomic conditions, we stressed our macroeconomic model with 10% increased weighting towards slower near-term growth that would have increased our reserves as of June 30, 2024 by $1.5 million.

The macroeconomic scenarios are highly influenced by timing, severity, and duration of changes in the underlying economic factors. This makes it difficult to estimate how potential changes in economic factors affect the estimated credit losses. Therefore, this hypothetical analysis is not intended to represent our expectation of changes in our estimate of expected credit losses due to a change in the macroeconomic environment, nor does it consider management’s judgment of other quantitative and qualitative information which could increase or decrease the estimate.

Regulatory Developments.

On March 7, 2023, the CFPB provided us with the Notice seeking to establish supervisory authority over us pursuant to section 1024(a)(1)(C) of the Consumer Financial Protection Act of 2010. Under that provision, the CFPB may establish supervisory authority over any non-bank covered person that it has reasonable cause to determine is engaging, or has engaged, in conduct that poses risks to consumers with regard to the offering or provision of consumer financial products or services. We responded to the Notice by voluntarily consenting to the CFPB’s supervisory authority and entering into the Consent Agreement dated January 4, 2024. Pursuant to the Consent Agreement and related CFPB order, the CFPB will have supervisory authority over us for a period of two years ending January 8, 2026. The Consent Agreement does not constitute an admission by us that we are a nonbank covered person who is engaging, or has engaged, in conduct that poses risks to consumers with regard to the offering or provision of consumer financial products or services. See “Government Regulation” in Part I, Item 1 “Business” and “Risks Related to Regulation and Legal Proceedings” in Part I, Item 1A “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 for a further discussion of the regulation and regulatory risks to which we are subject.

On March 6, 2024, the SEC adopted a final rule to require registrants to disclose certain climate-related information in their registration statements and annual reports. On April 4, 2024, the SEC issued an order staying the effectiveness of the final rule pending completion of the judicial review of consolidated challenges to the rule by the U.S. Court of Appeals for the Eighth Circuit. We will continue to monitor the outcome of this judicial review.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Interest Rate Risk

Interest rate risk arises from the possibility that changes in interest rates will affect our results of operations and financial condition. We originate finance receivables either at prevailing market rates or at statutory limits. Our finance receivables are structured on a fixed-rate, fixed-term basis. Accordingly, subject to statutory limits, our ability to react to changes in prevailing market rates is dependent upon the speed at which our customers pay off or renew loans in our existing loan portfolio, which allows us to originate new loans at prevailing market rates. Because our large loans have longer maturities than our small loans and typically renew at a slower rate than our small loans, our reaction time to changes may be affected as our large loans change as a percentage of our portfolio.

We also are exposed to changes in interest rates as a result of certain borrowing activities. As of June 30, 2024, the interest rates on 87.9% of our debt (the securitizations) were fixed. We maintain liquidity and fund our business operations in part through variable-rate borrowings under a senior revolving credit facility and multiple revolving warehouse credit facilities. As of June 30, 2024, the balances and key terms of the credit facilities were as follows:

Revolving Credit Facility	Balance (in thousands)		Interest Payment Frequency	Rate Type	Floor			Margin			Effective Interest Rate
Senior	$	145,701	Monthly	1-month SOFR		0.50	%		3.00	%		8.43	%
RMR IV Warehouse		10	Monthly	1-month SOFR		—			2.80	%		8.23	%
RMR V Warehouse		13,122	Monthly	Conduit		—			2.75	%		8.28	%
RMR VI Warehouse		4,744	Monthly	1-month SOFR		—			2.50	%		7.93	%
RMR VII Warehouse		3,503	Monthly	1-month SOFR		—			3.00	%		8.43	%
Total	$	167,080

Based on the underlying rates and the outstanding balances as of June 30, 2024, an increase of 100 basis points in the rates of our revolving credit facilities would result in approximately $1.7 million of increased interest expense on an annual basis, in the aggregate, under these borrowings.

The nature and amount of our debt may vary as a result of future business requirements, market conditions, and other factors.

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ITEM 4. CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our chief executive officer and chief financial officer, evaluated the effectiveness of our disclosure controls and procedures as of June 30, 2024. The term “disclosure controls and procedures,” as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, means controls and other procedures of a company that are designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company’s management, including its principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

Based on the evaluation of our disclosure controls and procedures as of June 30, 2024, our chief executive officer and chief financial officer concluded that, as of such date, our disclosure controls and procedures were effective. Management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives, and management necessarily applies its judgment in evaluating the cost–benefit relationship of possible controls and procedures.

Changes in Internal Control

There were no changes in our internal control over financial reporting identified in management’s evaluation pursuant to Rules 13a-15(d) or 15d-15(d) of the Exchange Act during the period covered by this Quarterly Report on Form 10-Q that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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Part II – Other information

ITEM 1. LEGAL PROCEEDINGS.

The Company is involved in various legal proceedings and related actions that have arisen in the ordinary course of its business that have not been fully adjudicated. The Company’s management does not believe that these matters, when ultimately concluded and determined, will have a material adverse effect on its financial condition, liquidity, or results of operations.

ITEM 1A. RISK FACTORS.

There have been no material changes to our risk factors from those included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023. In addition to the other information set forth in this report and in our other reports and statements that we file with the SEC, you should carefully consider the factors discussed in Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (which was filed with the SEC on February 22, 2024), which could materially affect our business, financial condition, and/or future operating results. The risks described in our Annual Report on Form 10-K are not the only risks facing our company. Additional risks and uncertainties not currently known to the Company or that the Company currently deems to be immaterial also may materially and adversely affect the Company’s business, financial condition, and/or operating results.

ITEM 5. OTHER INFORMATION.

During the three months ended June 30, 2024, none of the Company’s officers or directors adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as such terms are defined in Item 408(a) of Regulation S-K.

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ITEM 6. EXHIBITS.

			Incorporated by Reference
Exhibit Number	Exhibit Description	Filed Herewith	Form	File Number	Exhibit	Filing Date
4.1	Indenture, dated June 13, 2024, by and among Regional Management Issuance Trust 2024-1, as issuer, Regional Management Corp., as servicer, and Computershare Trust Company, N.A., as indenture trustee.		8-K/A	001-35477	4.1	6/20/2024
10.1†	Regional Management Corp. 2024 Long-Term incentive Plan.		8-K	001-35477	10.1	5/20/2024
10.2†	Form of Nonqualified Stock Option Agreement under the 2024 Long-Term Incentive Plan	X
10.3†	Form of Restricted Stock Award Agreement under the 2024 Long-Term Incentive Plan	X
10.4†	Form of Restricted Stock Unit Award Agreement under the 2024 Long-Term Incentive Plan	X
10.5†	Form of Performance Restricted Stock Unit Award Agreement under the 2024 Long-Term Incentive Plan	X
10.6†	Form of Stock Award Agreement under the 2024 Long-Term Incentive Plan	X
10.7†	Regional Management Corp. Annual Incentive Plan	X
10.8	Ninth Amendment to Seventh Amended and Restated Loan and Security Agreement, dated as of June 18, 2024, by and among Regional Management Corp. and its subsidiaries named as borrowers therein, the financial institutions named as lenders therein, and Wells Fargo Bank, National Association, as agent.		8-K/A	001-35477	10.1	6/20/2024
10.9	Sale and Servicing Agreement, dated June 13, 2024, by and among Regional Management Receivables III, LLC, as depositor, Regional Management Corp., as servicer, the subservicers party thereto, Regional Management Issuance Trust 2024-1, as issuer, and Regional Management North Carolina Receivables Trust, acting thereunder solely with respect to the 2024-1A SUBI.		8-K/A	001-35477	10.2	6/20/2024
31.1	Rule 13a-14(a) / 15(d)-14(a) Certification of Principal Executive Officer	X
31.2	Rule 13a-14(a) / 15(d)-14(a) Certification of Principal Financial Officer	X
32.1	Section 1350 Certifications	X
101.INS	XBRL Instance Document—the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
101.SCH	Inline XBRL Taxonomy Extension Schema With Embedded Linkbase Documents

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			Incorporated by Reference
Exhibit Number	Exhibit Description	Filed Herewith	Form	File Number	Exhibit	Filing Date
104	Cover Page Interactive Data File—the cover page XBRL tags are embedded within the Inline XBRL document contained in Exhibit 101

† Indicates a management contract or a compensatory plan, contract, or arrangement.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	REGIONAL MANAGEMENT CORP.
Date: August 2, 2024	By:	/s/ Harpreet Rana
		Harpreet Rana, Executive Vice President and Chief Financial Officer
		(Principal Financial Officer and Duly Authorized Officer)

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EX-10.2

REGIONAL MANAGEMENT CORP.

2024 LONG-TERM INCENTIVE PLAN

NONQUALIFIED STOCK OPTION AGREEMENT

THIS NONQUALIFIED STOCK OPTION AGREEMENT (the “Agreement”) is made effective as of the date set forth on the signature page hereto (hereinafter called the “Date of Grant”), between Regional Management Corp., a Delaware corporation (hereinafter called the “Company”), and the individual set forth on the signature page hereto (hereinafter called the “Participant”), pursuant to the Regional Management Corp. 2024 Long-Term Incentive Plan, as it may be amended and/or restated (the “Plan”), which Plan is incorporated herein by reference and made a part of this Agreement.

1.Grant of the Option.

The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of the number of shares of Common Stock (the “Shares”) set forth on the signature page hereto, subject to adjustment as set forth in the Plan. The purchase price of the Shares subject to the Option shall be the Option Price set forth on the signature page hereto (the “Option Price”). The Option is intended to be a Nonqualified Option, and is not intended to be treated as an Incentive Option.

2.Definitions.

In addition to other terms defined in the Agreement, whenever the following terms are used in this Agreement, they shall have the meanings set forth below. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan.

(a)Cause. “Cause” shall mean a Participant’s termination of employment or service resulting from the Participant’s (i) termination for “Cause” as defined under the Participant’s employment, change in control, consulting, or other similar plan or agreement with or established by the Company or an Affiliate that is applicable to the Participant, if any, or (ii) if the Participant is not a participant in or has not entered into any such plan or agreement or, if any such plan or agreement does not define “Cause”, then “Cause” shall mean: (A) the Participant’s engagement in misconduct which is materially injurious to the Company or its Affiliates, (B) the Participant’s continued refusal to substantially perform his or her duties to the Company, (C) the Participant’s repeated dishonesty in the performance of his or her duties to the Company, (D) the Participant’s commission of an act or acts constituting any (x) fraud against, or misappropriation or embezzlement from, the Company or any of its Affiliates, (y) crime involving moral turpitude, or (z) offense that could result in a jail sentence of at least one year, or (E) the Participant’s material breach of any confidentiality, non-solicitation, or non-competition covenant entered into between the Participant and the Company. The determination of “Cause” shall be made by the Administrator and its determination shall be final and conclusive. Without in any way limiting the effect of the foregoing, for purposes of the Plan and this Agreement, a Participant’s employment or service shall also be deemed to have terminated for Cause if, after the Participant’s employment or service has terminated, facts and circumstances are discovered that would have justified, in the opinion of the Administrator, a termination for Cause.

(b)Good Reason. “Good Reason” shall mean (i) “Good Reason” as defined under the Participant’s employment, change in control, consulting, or other similar plan or agreement with or established by the Company or an Affiliate that is applicable to the Participant, if any, or (ii) if the

Participant is not a participant in or has not entered into any such plan or agreement or if any such plan or agreement does not define “Good Reason,” then a Participant’s termination shall be for “Good Reason” if termination results due to any of the following without the Participant’s consent: (A) with respect to Employees, a change caused by the Company in the Participant’s duties and responsibilities which is materially inconsistent with the Participant’s position at the Company, or a material reduction in the Participant’s annual base salary (excluding any reduction in the Participant’s salary that is part of a plan to reduce salaries of comparably situated employees of the Company generally); and (B) with respect to Directors in connection with a Change of Control, the Participant’s ceasing to serve as a Director, or, if the Company is not the surviving Company in a Change of Control event, a member of the board of directors of the surviving entity, in either case, due to the Participant’s failure to be nominated to serve as a director of such entity or the Participant’s failure to be elected to serve as a director of such entity, but not due to the Participant’s decision not to continue service on the Board of Directors of the Company or the board of directors of the surviving entity, as the case may be; provided that, in any case, notwithstanding anything to the contrary in the foregoing subparts (i) or (ii), the Participant shall only have “Good Reason” to terminate employment or service following the applicable entity’s failure to remedy the act which is alleged to constitute “Good Reason” within thirty (30) days following such entity’s receipt of written notice from the Participant specifying such act, so long as such notice is provided within sixty (60) days after such event has first occurred (or after the Participant reasonably should have been aware of the first occurrence of such event). The determination of “Good Reason” shall be made by the Administrator and its determination shall be final and conclusive.

(c)Qualifying Termination. “Qualifying Termination” shall mean termination of employment or service of a Participant (i) as a result of the Participant’s death or Disability, (ii) by the Company and/or its Affiliates without Cause, or (iii) by the Participant for Good Reason.

(d)Retirement. “Retirement” shall have the meaning given such term under an employment, change in control, consulting, or other similar plan or agreement with or established by the Company or an Affiliate that is applicable to the Participant, if any, or if the Participant is not a participant in or has not entered into any such plan or agreement or if such plan or agreement does not define “Retirement”, then “Retirement” shall mean (i) with respect to all Participants, the termination of employment by the Participant on or after either (A) the Participant’s attainment of age 65, or (B) the Participant’s attainment of age 55 and completion of ten (10) years of service; and (ii) with respect to the Chief Executive Officer only, the termination of employment by the Chief Executive Officer on or after both (A) the Chief Executive Officer’s attainment of age 55 and completion of at least five years of service, and (B) the date upon which the sum of the Chief Executive Officer’s age plus years of service equals 65. For this purpose, the Participant shall be credited with a year of service for each consecutive twelve-month period he or she is employed or in service during his or her period of employment or service with the Company. Employment or service shall not be deemed to be terminated or interrupted by a leave of absence, sick leave or vacation granted to the Participant by the Company. The Administrator shall have authority to determine if a Retirement has occurred.

3.Vesting.

(a)Subject to the Participant’s continued employment or service through the applicable vesting date, the Option shall vest and become exercisable at the time(s) set forth on the signature page hereto; provided, however, that vesting of all or a portion of the Shares subject to the Option may be accelerated pursuant to Sections 3(c) and (d). The Administrator shall have authority to determine if and to the extent that the Option shall have become vested in whole or in part.

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(b)If the Participant’s employment or service with the Company is terminated prior to the applicable vesting date for any reason other than a Qualifying Termination, Retirement, or a termination for Cause, the vested portion, if any, of the Option shall remain exercisable for the Option Period (as defined in Section 4(a)), and the unvested portion of the Option shall immediately terminate. If the Participant’s employment or service with the Company is terminated due to Retirement, the vested portion, if any, of the Option shall remain exercisable for the Option Period, and the unvested portion shall continue to vest as if the Participant remained employed or in service. If the Participant’s employment or service with the Company is terminated for Cause, both the vested and unvested portions of the Option shall immediately terminate.

(c)Notwithstanding Sections 3(a) and (b) herein, if the Participant’s employment or service with the Company is terminated prior to the applicable vesting date due to a Qualifying Termination, then a pro-rata portion of the unvested Shares subject to the Option as of each applicable vesting date, determined as of the date of the Qualifying Termination in accordance with the provisions of this Section 3(c), shall be deemed vested and exercisable. The pro-rata portion of the unvested Shares that shall be deemed vested and exercisable as of each applicable vesting date shall be determined by multiplying the total number of the unvested Shares subject to vesting on the applicable vesting date by a fraction, the numerator of which is the number of calendar days from the Date of Grant through the date of the Qualifying Termination, and the denominator of which is the total number of calendar days in the period commencing on the Date of Grant and ending on the applicable vesting date. The remaining unvested Shares subject to the Option shall be forfeited as of the date of the Qualifying Termination. Following a Qualifying Termination, the use of the term “Shares subject to the Option” shall only include the vested portion of the Shares as determined pursuant to the provisions of this Section 3.

(d)Notwithstanding the foregoing, in the event of a Change of Control prior to the applicable vesting date, the following shall apply:

(i)To the extent that the successor or surviving company in the Change of Control event does not assume or substitute for the Option (or in which the Company is the ultimate parent corporation and does not continue the Option) on substantially similar terms or with substantially equivalent economic benefits (as determined by the Administrator) as Options outstanding under the Plan immediately prior to the Change of Control event, the Option shall become fully vested and exercisable.

(ii)Further, in the event that the Option is substituted, assumed, or continued as provided in Section 3(d)(i) herein, the Option will nonetheless become vested and exercisable if the Participant’s employment or service is terminated by the Company and its Affiliates without Cause or by the Participant with Good Reason within six months before (in which case vesting shall not occur until the effective date of the Change of Control) or one year after the effective date of a Change of Control (in which case vesting shall occur as of the Participant’s Termination Date).

(iii)Notwithstanding any other provision of the Plan to the contrary, in the event that the Participant has entered into or is a participant in a change in control, employment, consulting, or similar plan or agreement with or established by the Company or an Affiliate, the Participant shall be entitled to the greater of the benefits provided upon a Change of Control of the Company under the Plan or the benefits provided upon a change of control of the Company under the other respective plan or

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agreement, and such other respective plan or agreement shall not be construed to reduce in any way the benefits otherwise provided to the Participant upon the occurrence of a Change of Control as defined in the Plan.

4.Exercise of Option.

(a)Period of Exercise. To the extent vested and exercisable (as determined in accordance with Section 3 herein) and subject to the provisions of the Plan and this Agreement, the Participant may exercise the Option at any time prior to the earlier of (i) the fifth anniversary of the date the Participant’s employment or service is terminated; or (ii) the tenth anniversary of the Date of Grant (the “Option Period”).

(b)Method of Exercise. Subject to Sections 3 and 4(a), the Option may be exercised by delivering to the Company at its principal office written notice of intent to so exercise; provided that, the Option may be exercised with respect to whole Shares only. Such notice shall specify the number of shares to be purchased pursuant to an Option and the aggregate purchase price to be paid therefor and shall be accompanied by payment of such purchase price. The payment of the Option Price may be made (i) in cash or by cash equivalent; and, except where prohibited by the Administrator or Applicable Law (and subject to such terms and conditions as may be established by the Administrator), payment may also be made (ii) by delivery (by either actual delivery or attestation) of shares of Common Stock owned by the Participant for such time period, if any, as may be determined by the Administrator; (iii) by shares of Common Stock withheld upon exercise; (iv) by delivery of written notice of exercise to the Company and delivery to a broker of written notice of exercise and irrevocable instructions to promptly deliver to the Company the amount of sale or loan proceeds to pay the Option Price; or (v) by any combination of the foregoing methods. Notwithstanding the foregoing, unless the Administrator determines otherwise, in the event that any portion of the Option is exercisable and is scheduled to expire on the last day of the Option Period and both (A) the date on which such portion of the Option is scheduled to expire falls during a Company blackout trading period applicable to the Participant (whether such period is imposed at the election of the Company or is required by Applicable Law to be imposed) and (B) the Option Price per share of such portion of the Option is less than the Fair Market Value, then on the date that such portion of the Option is scheduled to expire, such portion of the Option (to the extent not previously exercised by the Participant) shall be automatically exercised on behalf of the Participant through a net settlement of both the Option Price and the applicable withholding taxes due (if any) upon such automatic exercise (as described in subparagraph (iii) above), and the net number of shares of Common Stock resulting from such automatic exercise (or the cash equivalent thereof) shall be delivered to the Participant as soon as practicable thereafter.

Participant shall not have any rights to dividends or other rights of a stockholder with respect to Shares subject to an Option until the Participant has given written notice of exercise of the Option, paid in full for such Shares and, if applicable, has satisfied any other conditions imposed by the Administrator pursuant to the Plan, and such Shares have been issued.

(i)Notwithstanding any other provision of the Plan or this Agreement to the contrary, the Option may not be exercised prior to the completion of any registration or qualification of the Option or the Shares under any Applicable Law (including, but not limited to, the requirements of the Securities Act) that the Administrator shall in its sole discretion determine to be necessary or advisable.

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(ii)Upon the Company’s determination that the Option has been validly exercised as to any of the Shares, the Company shall issue certificates in the Participant’s name for such Shares. However, the Company shall not be liable to the Participant for damages relating to any delays in issuing the certificates to him, any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves. Notwithstanding the foregoing, the issuance of Shares may, in the Company’s discretion, be effected on a non-certificated basis, to the extent permitted under the Plan.

(iii)In the event of the Participant’s death, to the extent vested and exercisable at the time of Participant’s death or thereafter, the Option shall be exercisable by the Participant’s executor or administrator, or the person or persons to whom the Participant’s rights under this Agreement shall pass by will or by the laws of descent and distribution as the case may be, to the extent set forth in Sections 3 and 4(a) above. Any heir or legatee of the Participant shall take rights herein granted subject to the terms and conditions hereof.

5.No Right to Continued Employment or Service; No Right to Further Awards.

Neither the Plan nor this Agreement nor any other action related to the Plan shall confer upon the Participant any right to continue in the employ or service of the Company or an Affiliate or interfere in any way with the right of the Company or an Affiliate to terminate the Participant’s employment or service at any time. Except as otherwise provided in the Plan or this Agreement, or as may be determined by the Administrator, all rights of the Participant with respect to the Option shall terminate on the Participant’s Termination Date. The grant of the Option does not create any obligation to grant further awards.

6.Legend on Certificates.

The Shares purchased by exercise of the Option shall be subject to the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares are listed, and any other Applicable Law, and the Administrator may cause a restrictive legend or legends to be put on any certificates for such Shares to make appropriate reference to such restrictions.

7.Transferability.

The Option may not be assigned, alienated, pledged, attached, sold, or otherwise transferred or encumbered by the Participant other than transfers for no consideration by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer, or encumbrance shall be void and unenforceable against the Company or any Affiliate; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer, or encumbrance. No such permitted transfer of the Option to heirs or legatees of the Participant shall be effective to bind the Company unless the Administrator shall have been furnished with written notice thereof and a copy of such evidence as the Administrator may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof. During the Participant’s lifetime, the Option is exercisable only by the Participant.

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8.Withholding; Tax Consequences.

(a)Prior to the delivery of a certificate or certificates for the Shares subject to the Option (or other written evidence of ownership), the Participant may be required to pay to the Company or any Affiliate in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Company or an Affiliate to such authority for the account of the Participant. Notwithstanding the foregoing, the Company shall have the right and is hereby authorized to withhold (including from payroll or any other amounts payable to the Participant), any applicable withholding taxes in respect of the Option, its exercise or any payment or transfer under or with respect to the Option and to take such other action as may be necessary in the opinion of the Administrator to satisfy all obligations for the payment of such withholding taxes. Without limiting the generality of the foregoing, to the extent permitted by the Administrator, the Participant may satisfy, in whole or in part, the foregoing withholding liability by delivery of shares of Common Stock held by the Participant (which are fully vested and not subject to any pledge or other security interest) or by having the Company withhold from the number of Shares otherwise deliverable to the Participant hereunder Shares with a Fair Market Value as of the date that the amount of tax to be withheld is determined no greater than the aggregate amount of such withholding obligations based on the maximum statutory withholding rate in the Participant’s applicable jurisdiction for federal, state, local, and foreign income and payroll tax purposes. The Participant further agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local, and foreign tax withholding obligations of the Company which may arise in connection with the Option.

(b)The Participant acknowledges that the Company has made no warranties or representations to the Participant with respect to the tax consequences (including but not limited to income tax consequences) with respect to the transactions contemplated by this Agreement, and the Participant is in no manner relying on the Company or its representatives for an assessment of such tax consequences. The Participant acknowledges that there may be adverse tax consequences upon the grant, vesting, or exercise of the Option and/or the acquisition or disposition of the Shares subject to the Option, and that he or she has been advised that he or she should consult with his or her own attorney, accountant and/or tax advisor regarding the decision to enter into this Agreement and the consequences thereof. The Participant also acknowledges that the Company has no responsibility to take or refrain from taking any actions in order to achieve a certain tax result for the Participant.

9.Compliance with Applicable Law.

Upon the acquisition of any Shares pursuant to the exercise of the Option, the Participant will make or enter into such written representations, warranties, and agreements as the Administrator may reasonably request in order to comply with Applicable Law or with the Plan or this Agreement. Notwithstanding any other provision in the Plan or this Agreement to the contrary, the Company shall not be obligated to issue, deliver, or transfer Shares, make any other distribution of benefits, or take any other action, unless such delivery, distribution, or action is in compliance with Applicable Law (including but not limited to the requirements of the Securities Act).

10.Notices.

Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive office of the Company and to the Participant at the address appearing in the personnel or business records of the Company for the Participant or to either party at such other

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address as either party hereto may hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee.

11.Governing Law.

This Agreement shall be governed by and construed in accordance with the laws of the state of Delaware without regard to conflicts of laws, and in accordance with applicable federal laws of the United States. Any and all disputes between the Participant or any person claiming through him or her and the Company or any Affiliate relating to the Plan or this Agreement shall be brought only in the state courts of Greenville, South Carolina, or the United States District Court for the District of South Carolina, Greenville division, as appropriate.

12.Option Subject to Plan.

By entering into this Agreement, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan and Plan prospectus. The Participant acknowledges and agrees that the Option is subject to the Plan. The terms and provisions of the Plan, as they may be amended from time to time, are hereby incorporated herein by reference. In the event of a conflict between any express term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail, unless the Administrator determines otherwise.

13.Signature in Counterparts.

This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

14.Amendment; Waiver; Superseding Effect.

This Agreement may be modified or amended as provided in the Plan. The waiver by the Company of a breach of any provision of this Agreement by the Participant shall not operate or be construed as a waiver of any subsequent breach by the Participant. The Agreement supersedes any statements, representations, or agreements of the Company with respect to the grant of the Option or any related rights, and the Participant hereby waives any rights or claims related to any such statements, representations, or agreements.

15.Recoupment and Forfeiture.

As a condition to receiving the Award, the Participant agrees that he or she shall abide by (a) the Company’s Dodd-Frank Act Compensation Recoupment (Clawback) Policy, (b) the Company’s Supplemental Compensation Recoupment (Clawback) Policy, (c) the Company’s Stock Ownership and Retention Policy (including but not limited to such policy’s stock retention requirements), and/or (d) other policies adopted by the Company or an Affiliate, each as in effect from time to time and to the extent applicable to the Participant. Further, the Participant shall be subject to such compensation recovery, recoupment, forfeiture, or other similar provisions as may apply under Applicable Law.

16.Administration.

The authority to construe and interpret this Agreement and the Plan, and to administer all aspects of the Plan, shall be vested in the Administrator, and the Administrator shall have all powers with respect

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to this Agreement as are provided in the Plan, including but not limited to the sole authority to determine whether and to what degree the Option is vested and exercisable. Any interpretation of this Agreement by the Administrator and any decision made by it with respect to this Agreement is final and binding.

17.Severability.

The provisions of this Agreement are severable and if any one or more provisions shall be held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining parts of this Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been included.

18.Right of Offset.

Notwithstanding any other provision of the Plan or this Agreement, the Company may at any time (subject to any Code Section 409A considerations) reduce the amount of any payment or benefit otherwise payable to or on behalf of the Participant by the amount of any obligation of the Participant to the Company or an Affiliate that is or becomes due and payable, and, by entering into this Agreement, the Participant shall be deemed to have consented to such reduction.

19.Electronic Delivery and Acceptance.

The Company may, in its sole discretion, elect to deliver the Agreement, the Plan, the Plan prospectus, Company annual reports, stockholder communications, and any other documents related to current or future participation in the Plan by electronic means. By entering into this Agreement, the Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an online or electronic system established and maintained by the Company or a third party designated by the Company. The Participant’s online or electronic acceptance of the Agreement constitutes the Participant’s agreement to the Agreement’s terms and the Participant’s acknowledgement that he or she has received the documents described above.

[Signatures on next page.]

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IN WITNESS WHEREOF, the parties have caused this Agreement to be effective as of the day and year first above written.

Date of Grant:	[ ]
Shares Subject to Option:	[ ]
Option Price per Share:	[ ]
Vesting Date(s):	[ ]

Participant:

Printed Name: [____________]

Regional Management Corp.

By: [insert electronic signature]

Name: [____________]

Its: [____________]

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EX-10.3

REGIONAL MANAGEMENT CORP.

2024 LONG-TERM INCENTIVE PLAN

RESTRICTED STOCK AWARD AGREEMENT

THIS RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”) is made effective as of the date set forth on the signature page hereto (hereinafter called the “Date of Grant”), between Regional Management Corp., a Delaware corporation (hereinafter called the “Company”), and the individual set forth on the signature page hereto (hereinafter called the “Participant”), pursuant to the Regional Management Corp. 2024 Long-Term Incentive Plan, as it may be amended and/or restated (the “Plan”), which Plan is incorporated herein by reference and made a part of this Agreement.

1.Grant of Award.

The Company hereby grants to the Participant a Restricted Stock Award for shares of Common Stock (the “Award”), subject to the terms and conditions of the Plan and this Agreement, for the number of shares of Common Stock (the “Shares”) set forth on the signature page hereto, subject to adjustment as set forth in the Plan.

2.Definitions.

Whenever the following terms are used in this Agreement, they shall have the meanings set forth below. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan.

(a)Cause. “Cause” shall mean a Participant’s termination of employment or service resulting from the Participant’s (i) termination for “Cause” as defined under the Participant’s employment, change in control, consulting, or other similar plan or agreement with or established by the Company or an Affiliate that is applicable to the Participant, if any, or (ii) if the Participant is not a participant in or has not entered into any such plan or agreement or, if any such plan or agreement does not define “Cause”, then “Cause” shall mean: (A) the Participant’s engagement in misconduct which is materially injurious to the Company or its Affiliates, (B) the Participant’s continued refusal to substantially perform his or her duties to the Company, (C) the Participant’s repeated dishonesty in the performance of his or her duties to the Company, (D) the Participant’s commission of an act or acts constituting any (x) fraud against, or misappropriation or embezzlement from, the Company or any of its Affiliates, (y) crime involving moral turpitude, or (z) offense that could result in a jail sentence of at least one year, or (E) the Participant’s material breach of any confidentiality, non-solicitation, or non-competition covenant entered into between the Participant and the Company. The determination of “Cause” shall be made by the Administrator and its determination shall be final and conclusive. Without in any way limiting the effect of the foregoing, for purposes of the Plan and this Agreement, a Participant’s employment or service shall also be deemed to have terminated for Cause if, after the Participant’s employment or service has terminated, facts and circumstances are discovered that would have justified, in the opinion of the Administrator, a termination for Cause.

(b)Good Reason. “Good Reason” shall mean (i) “Good Reason” as defined under the Participant’semployment, change in control, consulting, or other similar plan or agreement with or established by the Company or an Affiliate that is applicable to the Participant, if any, or (ii) if the Participant is not a participant in or has not entered into any such plan or agreement or if any such plan or agreement does not define “Good Reason,” then a Participant’s termination shall be for “Good Reason”

if termination results due to any of the following without the Participant’s consent: (A) with respect to Employees, a change caused by the Company in the Participant’s duties and responsibilities which is materially inconsistent with the Participant’s position at the Company, or a material reduction in the Participant’s annual base salary (excluding any reduction in the Participant’s salary that is part of a plan to reduce salaries of comparably situated employees of the Company generally); and (B) with respect to Directors in connection with a Change of Control, the Participant’s ceasing to serve as a Director, or, if the Company is not the surviving Company in a Change of Control event, a member of the board of directors of the surviving entity, in either case, due to the Participant’s failure to be nominated to serve as a director of such entity or the Participant’s failure to be elected to serve as a director of such entity, but not due to the Participant’s decision not to continue service on the Board of Directors of the Company or the board of directors of the surviving entity, as the case may be; provided that, in any case, notwithstanding anything to the contrary in the foregoing subparts (i) or (ii), the Participant shall only have “Good Reason” to terminate employment or service following the applicable entity’s failure to remedy the act which is alleged to constitute “Good Reason” within thirty (30) days following such entity’s receipt of written notice from the Participant specifying such act, so long as such notice is provided within sixty (60) days after such event has first occurred (or after the Participant reasonably should have been aware of the first occurrence of such event). The determination of “Good Reason” shall be made by the Administrator and its determination shall be final and conclusive.

(c)Qualifying Termination. “Qualifying Termination” shall mean termination of employment or service of a Participant (i) as a result of the Participant’s death or Disability, (ii) by the Company and/or its Affiliates without Cause, or (iii) by the Participant for Good Reason.

3.Vesting; Forfeiture.

(a)Subject to the Participant’s continued employment or service through the applicable vesting date and except as otherwise provided in this Section 3, the Award shall vest at the time(s) set forth on the signature page hereto. The Administrator has authority to determine whether and to what degree the Award shall be deemed vested.

(b)Notwithstanding Section 3(a) herein, with respect to Employees and Consultants, in the event that the Participant’s employment or service with the Company is terminated due to a Qualifying Termination, then a pro-rata portion of the unvested Shares subject to the Award as of each applicable vesting date, determined as of the date of the Qualifying Termination in accordance with the provisions of this Section 3(b), shall be deemed vested. The pro-rata portion of the unvested Shares subject to the Award that shall be deemed vested as of each applicable vesting date shall be determined by multiplying the total number of the unvested Shares subject to vesting on the applicable vesting date, by a fraction, the numerator of which is the number of calendar days from the Date of Grant through the date of the Qualifying Termination, and the denominator of which is the total number of calendar days in the period commencing on the Date of Grant and ending on the applicable vesting date. The remaining unvested Shares subject to the Award shall be forfeited as of the date of the Qualifying Termination.

(c)Notwithstanding Section 3(a) herein, with respect to Directors, in the event that the Participant’s employment or service with the Company is terminated due to death or Disability, then the Award shall, to the extent not then vested or previously forfeited or cancelled, become fully vested effective as of the Participant’s Termination Date.

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(d)Notwithstanding Section 3(a) herein, in the event of a Change of Control, then the Award shall, to the extent not then vested or previously forfeited or cancelled, become vested as follows:

(i)To the extent that the successor or surviving company in the Change of Control event does not assume or substitute for the Award (or in which the Company is the ultimate parent corporation and does not continue the Award) on substantially similar terms or with substantially equivalent economic benefits (as determined by the Administrator) as Awards outstanding under the Plan immediately prior to the Change of Control event, the Award shall become fully vested as of the date of the Change of Control.

(ii)Further, in the event that the Award is substituted, assumed, or continued as provided in Section 3(d)(i) herein, the Award will nonetheless become vested if the Participant’s employment or service is terminated by the Company and its Affiliates without Cause or by the Participant with Good Reason within six months before (in which case vesting shall not occur until the effective date of the Change of Control) or one year after the effective date of a Change of Control (in which case vesting shall occur as of the Participant’s Termination Date).

(iii)Notwithstanding any other provision of the Plan to the contrary, in the event that the Participant has entered into or is a participant in a change in control, employment, consulting, or similar plan or agreement with or established by the Company or an Affiliate, the Participant shall be entitled to the greater of the benefits provided upon a Change of Control of the Company under the Plan or the benefits provided upon a change of control of the Company under the other respective plan or agreement, and such other respective plan or agreement shall not be construed to reduce in any way the benefits otherwise provided to the Participant upon the occurrence of a Change of Control as defined in the Plan.

(e)If the Participant’s employment or service with the Company is terminated for any reason other than a Change of Control, a Qualifying Termination with respect to Employees and Consultants, or death or disability with respect to Directors as provided herein (including but not limited to a termination for Cause), the unvested portion of the Award shall immediately terminate and the Participant shall have no rights with respect to the Award or the Shares underlying the unvested portion of the Award.

4.Rights as a Stockholder; Settlement of Award.

(a)The Participant shall not have any rights to dividends, voting rights, or other rights of a stockholder with respect to Shares subject to an Award unless and until certificates for such shares have been issued to him or her (or other written evidence of ownership in accordance with Applicable Law has been provided). A certificate or certificates for Shares subject to the Award (or other written evidence of ownership) shall be issued in the name of the Participant as soon as practicable after the Award has been granted. Notwithstanding the foregoing, the Administrator may (i) require that the Participant deliver certificates (or other written evidence of ownership) for the Shares to the Administrator or its designee to be held in escrow until the Award vests and is no longer subject to a substantial risk of forfeiture (in which case the Shares will be promptly released to the Participant) or is forfeited (in which case the Shares will be returned to the Company without the payment of consideration therefor); and/or (ii) require that the Participant deliver to the Company a stock power or similar instrument, endorsed in blank, related to the Shares subject to the Award which are subject to forfeiture. Except as otherwise provided in the Plan or this Agreement, the Participant shall have all voting, dividend, and other rights of a stockholder with respect to the Shares following issuance of the certificate or certificates (or other written evidence of

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ownership) for the Shares; provided, however, that if any dividends are declared and paid by the Company with respect to such Shares, such dividends shall be subject to the same vesting schedule, forfeiture terms, and other restrictions as are applicable to the Shares upon which such dividends are paid.

(b)Notwithstanding any other provision of the Plan or this Agreement to the contrary, no Shares shall be distributable upon vesting of the Award prior to the completion of any registration or qualification of the Award or the Shares under any Applicable Law (including, but not limited to, the requirements of the Securities Act) that the Administrator shall in its sole discretion determine to be necessary or advisable.

(c)The Company shall not be liable to the Participant for damages relating to any delays in issuing the certificates to him or her (subject to any Code Section 409A requirements), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves. Notwithstanding the foregoing, the issuance of Shares may, in the Company’s discretion, be effected on a non-certificated basis, to the extent permitted under the Plan.

(d)The Award, if vested in accordance with the terms of this Agreement, shall be payable in whole shares. The total number of Shares that may be acquired upon vesting of the Award (or portion thereof) shall be rounded down to the nearest whole share.

5.No Right to Continued Employment or Service; No Right to Further Awards.

Neither the Plan nor this Agreement nor any other action related to the Plan shall confer upon the Participant any right to continue in the employ or service of the Company or an Affiliate or interfere in any way with the right of the Company or an Affiliate to terminate the Participant’s employment or service at any time. Except as otherwise provided in the Plan or this Agreement, or as may be determined by the Administrator, all rights of the Participant with respect to the unvested portion of the Award shall terminate on the Participant’s Termination Date. The grant of the Award does not create any obligation to grant further awards.

6.Legend on Certificates.

The Shares acquired upon vesting of the Award shall be subject to the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares are listed, and any other Applicable Law, and the Administrator may cause a restrictive legend or legends to be put on any certificates for such Shares to make appropriate reference to such restrictions.

7.Transferability.

The Award may not be assigned, alienated, pledged, attached, sold, or otherwise transferred or encumbered by the Participant other than transfers for no consideration by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer, or encumbrance shall be void and unenforceable against the Company or any Affiliate; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer, or encumbrance. No such permitted transfer of the Award to heirs or legatees of the Participant shall be effective to bind the Company unless the Administrator shall have been furnished with written notice thereof and a copy of such evidence as the Administrator may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof.

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8.Withholding; Tax Consequences.

(a)Prior to the delivery of a certificate or certificates for the Shares subject to the Award (or other written evidence of ownership), the Participant may be required to pay to the Company or any Affiliate in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Company or an Affiliate to such authority for the account of the Participant. Notwithstanding the foregoing, the Company shall have the right and is hereby authorized to withhold (including from payroll or any other amounts payable to the Participant), any applicable withholding taxes in respect of the Award, its vesting, or any payment or transfer under or with respect to the Award and to take such other action as may be necessary in the opinion of the Administrator to satisfy all obligations for the payment of such withholding taxes. Without limiting the generality of the foregoing, to the extent permitted by the Administrator, the Participant may satisfy, in whole or in part, the foregoing withholding liability by delivery of shares of Common Stock held by the Participant (which are fully vested and not subject to any pledge or other security interest) or by having the Company withhold from the number of Shares otherwise deliverable to the Participant hereunder Shares with a Fair Market Value as of the date that the amount of tax to be withheld is determined no greater than the aggregate amount of such withholding obligations based on the maximum statutory withholding rate in the Participant’s applicable jurisdiction for federal, state, local, and foreign income and payroll tax purposes. The Participant further agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local, and foreign tax withholding obligations of the Company which may arise in connection with the Award.

(b)The Participant acknowledges that the Company has made no warranties or representations to the Participant with respect to the tax consequences (including but not limited to income tax consequences) with respect to the transactions contemplated by this Agreement, and the Participant is in no manner relying on the Company or its representatives for an assessment of such tax consequences. The Participant acknowledges that there may be adverse tax consequences upon the grant or vesting of the Award and/or the acquisition or disposition of the Shares subject to the Award and that he or she has been advised that he or she should consult with his or her own attorney, accountant, and/or tax advisor regarding the decision to enter into this Agreement and the consequences thereof. The Participant also acknowledges that the Company has no responsibility to take or refrain from taking any actions in order to achieve a certain tax result for the Participant.

9.Compliance with Applicable Law.

Upon the acquisition of any Shares pursuant to the vesting of the Award, the Participant will make or enter into such written representations, warranties, and agreements as the Administrator may reasonably request in order to comply with Applicable Law or with the Plan or this Agreement. Notwithstanding any other provision in the Plan or this Agreement to the contrary, the Company shall not be obligated to issue, deliver, or transfer Shares, make any other distribution of benefits, or take any other action, unless such delivery, distribution, or action is in compliance with Applicable Law (including but not limited to the requirements of the Securities Act).

10.Notices.

Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive office of the Company and to the Participant at the address appearing in the personnel or business records of the Company for the Participant or to either party at such other

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address as either party hereto may hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee.

11.Governing Law.

This Agreement shall be governed by and construed in accordance with the laws of the state of Delaware without regard to conflicts of laws, and in accordance with applicable federal laws of the United States. Any and all disputes between the Participant or any person claiming through him or her and the Company or any Affiliate relating to the Plan or this Agreement shall be brought only in the state courts of Greenville, South Carolina, or the United States District Court for the District of South Carolina, Greenville division, as appropriate.

12.Award Subject to Plan.

By entering into this Agreement, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan and Plan prospectus. The Participant acknowledges and agrees that the Award is subject to the Plan. The terms and provisions of the Plan, as they may be amended from time to time, are hereby incorporated herein by reference. In the event of a conflict between any express term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail, unless the Administrator determines otherwise.

13.Signature in Counterparts.

This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

14.Amendment; Waiver; Superseding Effect.

This Agreement may be modified or amended as provided in the Plan. The waiver by the Company of a breach of any provision of this Agreement by the Participant shall not operate or be construed as a waiver of any subsequent breach by the Participant. The Agreement supersedes any statements, representations, or agreements of the Company with respect to the grant of the Award or any related rights, and the Participant hereby waives any rights or claims related to any such statements, representations, or agreements.

15.Recoupment and Forfeiture.

As a condition to receiving the Award, the Participant agrees that he or she shall abide by (a) the Company’s Dodd-Frank Act Compensation Recoupment (Clawback) Policy, (b) the Company’s Supplemental Compensation Recoupment (Clawback) Policy, (c) the Company’s Stock Ownership and Retention Policy (including but not limited to such policy’s stock retention requirements), and/or (d) other policies adopted by the Company or an Affiliate, each as in effect from time to time and to the extent applicable to the Participant. Further, the Participant shall be subject to such compensation recovery, recoupment, forfeiture, or other similar provisions as may apply under Applicable Law.

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16.Administration.

The authority to construe and interpret this Agreement and the Plan, and to administer all aspects of the Plan, shall be vested in the Administrator, and the Administrator shall have all powers with respect to this Agreement as are provided in the Plan, including but not limited to the sole authority to determine whether and to what degree the Award is earned and vested. Any interpretation of this Agreement by the Administrator and any decision made by it with respect to this Agreement is final and binding.

17.Severability.

The provisions of this Agreement are severable and if any one or more provisions shall be held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining parts of this Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been included.

18.Right of Offset.

Notwithstanding any other provision of the Plan or this Agreement, the Company may at any time (subject to any Code Section 409A considerations) reduce the amount of any payment or benefit otherwise payable to or on behalf of the Participant by the amount of any obligation of the Participant to the Company or an Affiliate that is or becomes due and payable, and, by entering into this Agreement, the Participant shall be deemed to have consented to such reduction.

19.Electronic Delivery and Acceptance.

The Company may, in its sole discretion, elect to deliver the Agreement, the Plan, the Plan prospectus, Company annual reports, stockholder communications, and any other documents related to current or future participation in the Plan by electronic means. By entering into this Agreement, the Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an online or electronic system established and maintained by the Company or a third party designated by the Company. The Participant’s online or electronic acceptance of the Agreement constitutes the Participant’s agreement to the Agreement’s terms and the Participant’s acknowledgement that he or she has received the documents described above.

[Signature Page to Follow]

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SIGNATURE PAGE TO RESTRICTED STOCK AWARD AGREEMENT

IN WITNESS WHEREOF, the parties have caused this Agreement to be effective as of the Date of Grant specified below.

Date of Grant: [____________]

Shares Subject to Award: [____________]

Vesting Date(s): [____________]

Participant:

Printed Name: [____________]

Regional Management Corp.

By: [insert electronic signature]

Name: [____________]

Its: [____________]

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EX-10.4

REGIONAL MANAGEMENT CORP.

2024 LONG-TERM INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”) is made effective as of the date set forth on the signature page hereto (hereinafter called the “Date of Grant”), between Regional Management Corp., a Delaware corporation (hereinafter called the “Company”), and the individual set forth on the signature page hereto (hereinafter called the “Participant”), pursuant to the Regional Management Corp. 2024 Long-Term Incentive Plan, as it may be amended and/or restated (the “Plan”), which Plan is incorporated herein by reference and made a part of this Agreement.

1.Grant of Award.

(a)The Company hereby grants to the Participant an Award (the “Award”) of Restricted Stock Units in the form of service-based Restricted Stock Units (“Restricted Stock Units” or “RSUs”), which Award represents a contingent right to acquire shares of Common Stock (the “Shares”). Each RSU is equivalent to one share of Common Stock for purposes of determining the number of shares of Common Stock subject to the Award.

(b)For the purposes herein, the Shares subject to the Award are units that will be reflected in a book account maintained by the Company and that will be settled in shares of Common Stock if and only to the extent permitted under the Plan and this Agreement. Prior to issuance of any shares of Common Stock, the Award shall represent an unsecured obligation of the Company, payable (if at all) only from the Company’s general assets. The Award is subject to the terms and conditions of the Plan and this Agreement, including the provisions set forth on the signature page hereto.

2.Definitions.

In addition to other terms defined in the Agreement, whenever the following terms are used in this Agreement, they shall have the meanings set forth below. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan.

(a)Cause. “Cause” shall mean a Participant’s termination of employment or service resulting from the Participant’s (i) termination for “Cause” as defined under the Participant’s employment, change in control, consulting, or other similar plan or agreement with or established by the Company or an Affiliate that is applicable to the Participant, if any, or (ii) if the Participant is not a participant in or has not entered into any such plan or agreement or, if any such plan or agreement does not define “Cause”, then “Cause” shall mean: (A) the Participant’s engagement in misconduct which is materially injurious to the Company or its Affiliates, (B) the Participant’s continued refusal to substantially perform his or her duties to the Company, (C) the Participant’s repeated dishonesty in the performance of his or her duties to the Company, (D) the Participant’s commission of an act or acts constituting any (x) fraud against, or misappropriation or embezzlement from, the Company or any of its Affiliates, (y) crime involving moral turpitude, or (z) offense that could result in a jail sentence of at least one year, or (E) the Participant’s material breach of any confidentiality, non-solicitation, or non-competition covenant entered into between the Participant and the Company. The determination of “Cause” shall be made by the Administrator and its determination shall be final and conclusive. Without in any way limiting the effect of the foregoing, for purposes of the Plan and this Agreement, a Participant’s employment or service shall

also be deemed to have terminated for Cause if, after the Participant’s employment or service has terminated, facts and circumstances are discovered that would have justified, in the opinion of the Administrator, a termination for Cause.

(b)Good Reason. “Good Reason” shall mean (i) “Good Reason” as defined under the Participant’s employment, change in control, consulting, or other similar plan or agreement with or established by the Company or an Affiliate that is applicable to the Participant, if any, or (ii) if the Participant is not a participant in or has not entered into any such plan or agreement or if any such plan or agreement does not define “Good Reason,” then a Participant’s termination shall be for “Good Reason” if termination results due to any of the following without the Participant’s consent: a change caused by the Company in the Participant’s duties and responsibilities which is materially inconsistent with the Participant’s position at the Company, or a material reduction in the Participant’s annual base salary (excluding any reduction in the Participant’s salary that is part of a plan to reduce salaries of comparably situated employees of the Company generally); provided that, in any case, notwithstanding anything to the contrary in the foregoing subparts (i) or (ii), the Participant shall only have “Good Reason” to terminate employment or service following the applicable entity’s failure to remedy the act which is alleged to constitute “Good Reason” within thirty (30) days following such entity’s receipt of written notice from the Participant specifying such act, so long as such notice is provided within sixty (60) days after such event has first occurred (or after the Participant reasonably should have been aware of the first occurrence of such event). The determination of “Good Reason” shall be made by the Administrator and its determination shall be final and conclusive.

(c)Qualifying Termination. “Qualifying Termination” shall mean the termination of employment or service of a Participant (i) as a result of the Participant’s death or Disability, (ii) by the Company and/or its Affiliates without Cause, or (iii) by the Participant for Good Reason.

(d)Retirement. “Retirement” shall have the meaning given such term under an employment, change in control, consulting, or other similar plan or agreement with or established by the Company or an Affiliate that is applicable to the Participant, if any, or if the Participant is not a participant in or has not entered into any such plan or agreement or if such plan or agreement does not define “Retirement”, then “Retirement” shall mean (i) with respect to all Participants, the termination of employment by the Participant on or after either (A) the Participant’s attainment of age 65, or (B) the Participant’s attainment of age 55 and completion of ten (10) years of service; and (ii) with respect to the Chief Executive Officer only, the termination of employment by the Chief Executive Officer on or after both (A) the Chief Executive Officer’s attainment of age 55 and completion of at least five years of service, and (B) the date upon which the sum of the Chief Executive Officer’s age plus years of service equals 65. For this purpose, the Participant shall be credited with a year of service for each consecutive twelve-month period he or she is employed or in service during his or her period of employment or service with the Company. Employment or service shall not be deemed to be terminated or interrupted by a leave of absence, sick leave or vacation granted to the Participant by the Company. The Administrator shall have authority to determine if a Retirement has occurred.

(e)Retirement Eligible. The Participant shall be “Retirement Eligible” if he or she has met the requirements for a Retirement as of the Date of Grant or thereafter and prior to the vesting date(s) set forth on the signature page hereto.

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3.Vesting; Forfeiture.

(a)Subject to the Participant’s continued employment or service through the applicable vesting date and except as otherwise provided in this Section 3, the Award shall vest at the time(s) set forth on the signature page hereto. To be clear, the provisions of this Section 3 shall apply even if the Participant is Retirement Eligible on the Date of Grant or becomes Retirement Eligible prior to the applicable vesting date. The Administrator has authority to determine whether and to what degree the Award shall be deemed vested.

(b)Notwithstanding Section 3(a) herein, the following shall apply: In the event that the Participant’s employment with the Company is terminated due to a Qualifying Termination, then a pro-rata portion of the unvested Shares subject to the Award, determined as of the date of the Qualifying Termination in accordance with the provisions of this Section 3(b), shall be deemed vested. The pro-rata portion of the unvested Shares subject to the Award that shall be deemed vested as of each applicable vesting date shall be determined by multiplying the total number of the unvested Shares subject to vesting on the applicable vesting date, by a fraction, the numerator of which is the number of calendar days from the Date of Grant through the date of the Qualifying Termination, and the denominator of which is the total number of calendar days in the period commencing on the Date of Grant and ending on the applicable vesting date. The remaining unvested Shares subject to the Award shall be forfeited as of the date of the Qualifying Termination. In the event that the Participant’s employment with the Company terminates due to Retirement, the unvested Shares subject to the Award as of the Termination Date shall continue to vest as if the Participant remained employed. If the Participant’s employment or service with the Company is terminated prior to the applicable vesting date for any reason other than Retirement or a Qualifying Termination (including but not limited to a termination for Cause), the Award shall immediately terminate and the Participant shall have no rights with respect to the Award or the unvested Shares underlying the Award.

(c)Notwithstanding Section 3(a) herein, in the event of a Change of Control, then the Award shall, to the extent not then vested or previously forfeited or cancelled, become vested as follows:

(i)To the extent that the successor or surviving company in the Change of Control event does not assume or substitute for the Award (or in which the Company is the ultimate parent corporation and does not continue the Award) on substantially similar terms or with substantially equivalent economic benefits (as determined by the Administrator) as Awards outstanding under the Plan immediately prior to the Change of Control event, the Award shall become fully vested as of the date of the Change of Control.

(ii)Further, in the event that the Award is substituted, assumed, or continued as provided in Section 3(d)(i) herein, the Award will nonetheless become vested if the Participant’s employment or service is terminated by the Company and its Affiliates without Cause or by the Participant with Good Reason within six months before (in which case vesting shall not occur until the effective date of the Change of Control) or one year after the effective date of a Change of Control (in which case vesting shall occur as of the Participant’s Termination Date).

(iii)Notwithstanding any other provision of the Plan to the contrary, in the event that the Participant has entered into or is a participant in a change in control, employment, consulting, or similar plan or agreement with or established by the Company or an Affiliate, the Participant shall be entitled to the greater of the benefits provided upon a Change of Control of the Company

3

under the Plan or the benefits provided upon a change of control of the Company under the other respective plan or agreement, and such other respective plan or agreement shall not be construed to reduce in any way the benefits otherwise provided to the Participant upon the occurrence of a Change of Control as defined in the Plan.

4.Settlement of Award; Delivery of Shares.

(a)No certificate or certificates for Shares shall be issued at the time of grant of the Award. A certificate or certificates for the Shares underlying the Award (or, in the case of uncertificated Shares, other written evidence of ownership in accordance with Applicable Law) shall be issued in the name of the Participant (or his or her beneficiary) only in the event, and to the extent, that the Award has vested and been earned in accordance with the provisions of this Agreement, including Schedule A. Any Shares or other benefits payable pursuant to the Award shall, upon vesting and earning of the Award as determined pursuant to Section 3, be distributed to the Participant (or his or her beneficiary) within 70 days following the applicable vesting date (including, for clarity, the applicable vesting date in the event the employment of the Participant terminates due to Retirement). If such 70-day period begins in one calendar year and ends in another, the Participant (or his or her beneficiary) shall not have the right to designate the calendar year of the payment (except as permitted by Code Section 409A or otherwise provided below with respect to a delay in payments if the Participant is a “specified employee”). Further, if calculation of the amount of the payment is not administratively practicable due to events beyond the control of the Participant (or his or her beneficiary), the payment will be treated as made within the applicable 70-day time period specified herein if the payment is made during the first taxable year of the Participant in which the calculation of the amount of the payment is administratively practicable or otherwise in accordance with Code Section 409A.

(b)Except as otherwise provided in this Section 4(b), the Participant shall not be deemed to be the holder of any Shares subject to the Award and shall not have any dividend rights, voting rights or other rights as a stockholder unless and until (and only to the extent that) the Award has vested and been earned and certificates for such Shares have been issued to him or her (or, in the case of uncertificated shares, other written evidence of ownership in accordance with Applicable Law shall have been provided).As of any date that the Company pays an ordinary cash dividend on its common stock, the Company shall credit to the Participant’s book account a dollar amount equal to (i) the per share cash dividend paid by the Company on its Common Stock on such date, multiplied by (ii) that number of Shares set forth on the signature page hereto (a “Dividend Equivalent Right”). Any Dividend Equivalent Rights credited pursuant to the foregoing provisions of this Section 4(b) shall be subject to the same vesting, earning, payment, and other terms, conditions and restrictions as the Shares subject to the Award (and, for clarification, shall not be paid unless and until the corresponding portion of the Shares subject to the Award have been earned, vested and settled); provided, however, that the amount of any Dividend Equivalent Rights that become earned, vested and entitled to settlement pursuant to the terms of this Agreement and Schedule A shall be paid in cash.

(c)Notwithstanding any other provision of the Plan or this Agreement to the contrary, no Shares shall be distributable upon vesting of the Award prior to the completion of any registration or qualification of the Award or the Shares under any Applicable Law (including, but not limited to, the requirements of the Securities Act) that the Administrator shall in its sole discretion determine to be necessary or advisable.

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(d)The Company shall not be liable to the Participant for damages relating to any delays in issuing the certificates to him or her (subject to any Code Section 409A requirements), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves. Notwithstanding the foregoing, the issuance of Shares may, in the Company’s discretion, be effected on a non-certificated basis, to the extent permitted under the Plan.

(e)The Award, if vested in accordance with the terms of this Agreement, shall be payable in whole Shares. The total number of Shares that may be acquired upon settlement of the Award (or portion thereof) shall be rounded down to the nearest whole share.

5.No Right to Continued Employment or Service; No Right to Further Awards.

Neither the Plan nor this Agreement nor any other action related to the Plan shall confer upon the Participant any right to continue in the employ or service of the Company or an Affiliate or interfere in any way with the right of the Company or an Affiliate to terminate the Participant’s employment or service at any time. Except as otherwise provided in the Plan or this Agreement, or as may be determined by the Administrator, all rights of the Participant with respect to the unvested portion of the Award shall terminate on the Participant’s Termination Date. The grant of the Award does not create any obligation to grant further awards.

6.Legend on Certificates.

The Shares acquired upon vesting of the Award shall be subject to the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares are listed, and any other Applicable Law, and the Administrator may cause a restrictive legend or legends to be put on any certificates for such Shares to make appropriate reference to such restrictions.

7.Transferability.

The Award may not be assigned, alienated, pledged, attached, sold, or otherwise transferred or encumbered by the Participant other than transfers for no consideration by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer, or encumbrance shall be void and unenforceable against the Company or any Affiliate; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer, or encumbrance. No such permitted transfer of the Award to heirs or legatees of the Participant shall be effective to bind the Company unless the Administrator shall have been furnished with written notice thereof and a copy of such evidence as the Administrator may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof.

8.Withholding; Tax Consequences.

(a)Prior to the delivery of a certificate or certificates for the Shares subject to the Award (or other written evidence of ownership), the Participant may be required to pay to the Company or any Affiliate in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Company or an Affiliate to such authority for the account of the Participant. Notwithstanding the foregoing, the Company shall have the right and is hereby authorized to withhold (including from payroll or any other amounts payable to the Participant), any applicable withholding taxes in respect of the Award, its vesting, or any payment or transfer under or with respect to the Award and to

5

take such other action as may be necessary in the opinion of the Administrator to satisfy all obligations for the payment of such withholding taxes. Without limiting the generality of the foregoing, to the extent permitted by the Administrator, the Participant may satisfy, in whole or in part, the foregoing withholding liability by delivery of shares of Common Stock held by the Participant (which are fully vested and not subject to any pledge or other security interest) or by having the Company withhold from the number of Shares otherwise deliverable to the Participant hereunder Shares with a Fair Market Value as of the date that the amount of tax to be withheld is determined no greater than the aggregate amount of such withholding obligations based on the maximum statutory withholding rate in the Participant’s applicable jurisdiction for federal, state, local, and foreign income and payroll tax purposes. The Participant further agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local, and foreign tax withholding obligations of the Company which may arise in connection with the Award.

(b)The Participant acknowledges that the Company has made no warranties or representations to the Participant with respect to the tax consequences (including but not limited to income tax consequences) with respect to the transactions contemplated by this Agreement, and the Participant is in no manner relying on the Company or its representatives for an assessment of such tax consequences. The Participant acknowledges that there may be adverse tax consequences upon the grant or vesting of the Award and/or the acquisition or disposition of the Shares subject to the Award and that he or she has been advised that he or she should consult with his or her own attorney, accountant, and/or tax advisor regarding the decision to enter into this Agreement and the consequences thereof. The Participant also acknowledges that the Company has no responsibility to take or refrain from taking any actions in order to achieve a certain tax result for the Participant.

9.Compliance with Applicable Law.

Upon the acquisition of any Shares pursuant to the vesting of the Award, the Participant will make or enter into such written representations, warranties, and agreements as the Administrator may reasonably request in order to comply with Applicable Law or with the Plan or this Agreement. Notwithstanding any other provision in the Plan or this Agreement to the contrary, the Company shall not be obligated to issue, deliver, or transfer Shares, make any other distribution of benefits, or take any other action, unless such delivery, distribution, or action is in compliance with Applicable Law (including but not limited to the requirements of the Securities Act).

10.Notices.

Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive office of the Company and to the Participant at the address appearing in the personnel or business records of the Company for the Participant or to either party at such other address as either party hereto may hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee.

11.Governing Law.

This Agreement shall be governed by and construed in accordance with the laws of the state of Delaware without regard to conflicts of laws, and in accordance with applicable federal laws of the United States. Any and all disputes between the Participant or any person claiming through him or her and the Company or any Affiliate relating to the Plan or this Agreement shall be brought only in the state courts of Greenville, South Carolina, or the United States District Court for the District of South Carolina, Greenville division, as appropriate.

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12.Award Subject to Plan.

By entering into this Agreement, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan and Plan prospectus. The Participant acknowledges and agrees that the Award is subject to the Plan. The terms and provisions of the Plan, as they may be amended from time to time, are hereby incorporated herein by reference. In the event of a conflict between any express term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail, unless the Administrator determines otherwise.

13.Signature in Counterparts.

This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

14.Amendment; Waiver; Superseding Effect.

This Agreement may be modified or amended as provided in the Plan. The waiver by the Company of a breach of any provision of this Agreement by the Participant shall not operate or be construed as a waiver of any subsequent breach by the Participant. The Agreement supersedes any statements, representations, or agreements of the Company with respect to the grant of the Award or any related rights, and the Participant hereby waives any rights or claims related to any such statements, representations, or agreements.

15.Recoupment and Forfeiture.

As a condition to receiving the Award, the Participant agrees that he or she shall abide by (a) the Company’s Dodd-Frank Act Compensation Recoupment (Clawback) Policy, (b) the Company’s Supplemental Compensation Recoupment (Clawback) Policy, (c) the Company’s Stock Ownership and Retention Policy (including but not limited to such policy’s stock retention requirements), and/or (d) other policies adopted by the Company or an Affiliate, each as in effect from time to time and to the extent applicable to the Participant. Further, the Participant shall be subject to such compensation recovery, recoupment, forfeiture, or other similar provisions as may apply under Applicable Law.

16.Administration.

The authority to construe and interpret this Agreement and the Plan, and to administer all aspects of the Plan, shall be vested in the Administrator, and the Administrator shall have all powers with respect to this Agreement as are provided in the Plan, including but not limited to the sole authority to determine whether and to what degree the Award is earned and vested. Any interpretation of this Agreement by the Administrator and any decision made by it with respect to this Agreement is final and binding.

17.Severability.

The provisions of this Agreement are severable and if any one or more provisions shall be held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining parts of this Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been included.

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18.Right of Offset.

Notwithstanding any other provision of the Plan or this Agreement, the Company may at any time (subject to any Code Section 409A considerations) reduce the amount of any payment or benefit otherwise payable to or on behalf of the Participant by the amount of any obligation of the Participant to the Company or an Affiliate that is or becomes due and payable, and, by entering into this Agreement, the Participant shall be deemed to have consented to such reduction.

19.Electronic Delivery and Acceptance.

The Company may, in its sole discretion, elect to deliver the Agreement, the Plan, the Plan prospectus, Company annual reports, stockholder communications, and any other documents related to current or future participation in the Plan by electronic means. By entering into this Agreement, the Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an online or electronic system established and maintained by the Company or a third party designated by the Company. The Participant’s online or electronic acceptance of the Agreement constitutes the Participant’s agreement to the Agreement’s terms and the Participant’s acknowledgement that he or she has received the documents described above.

[Signature Page to Follow]

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SIGNATURE PAGE TO RESTRICTED STOCK UNIT AWARD AGREEMENT

IN WITNESS WHEREOF, the parties have caused this Agreement to be effective as of the Date of Grant specified below.

Date of Grant: [____________]

Shares Subject to Award: [____________]

Vesting Date(s): [____________]

Participant:

Printed Name: [____________]

Regional Management Corp.

By: [insert electronic signature]

Name: [____________]

Its: [____________]

9

EX-10.5

REGIONAL MANAGEMENT CORP.

2024 LONG-TERM INCENTIVE PLAN

PERFORMANCE RESTRICTED STOCK UNIT AWARD AGREEMENT

THIS PERFORMANCE RESTRICTED STOCK UNIT AWARD AGREEMENT (together with any Schedules attached hereto, the “Agreement”) is made effective as of the date set forth on the signature page hereto (hereinafter called the “Date of Grant”), between Regional Management Corp., a Delaware corporation (hereinafter called the “Company”), and the individual set forth on the signature page hereto (hereinafter called the “Participant”), pursuant to the Regional Management Corp. 2024 Long-Term Incentive Plan, as it may be amended and/or restated (the “Plan”), which Plan is incorporated herein by reference and made a part of this Agreement.

1.Grant of Award.

(a)The Company hereby grants to the Participant an Award (the “Award”) of Restricted Stock Units in the form of Performance Restricted Stock Units (“Performance Restricted Stock Units” or “PRSUs”), which Award represents a contingent right to acquire shares of Common Stock (the “Shares”). Each PRSU is equivalent to one share of Common Stock for purposes of determining the number of shares of Common Stock subject to the Award.

(b)For the purposes herein, the Shares subject to the Award are units that will be reflected in a book account maintained by the Company and that will be settled in shares of Common Stock if and only to the extent permitted under the Plan and this Agreement. Prior to issuance of any shares of Common Stock, the Award shall represent an unsecured obligation of the Company, payable (if at all) only from the Company’s general assets. The Award is subject to the terms and conditions of the Plan and this Agreement, including the provisions set forth on the signature page hereto and Schedule A, which is attached hereto and expressly made a part of this Agreement.

2.Definitions.

In addition to other terms defined in the Agreement, whenever the following terms are used in this Agreement, they shall have the meanings set forth below. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan.

(a)Cause. “Cause” shall mean a Participant’s termination of employment or service resulting from the Participant’s (i) termination for “Cause” as defined under the Participant’s employment, change in control, consulting, or other similar plan or agreement with or established by the Company or an Affiliate that is applicable to the Participant, if any, or (ii) if the Participant is not a participant in or has not entered into any such plan or agreement or, if any such plan or agreement does not define “Cause”, then “Cause” shall mean: (A) the Participant’s engagement in misconduct which is materially injurious to the Company or its Affiliates, (B) the Participant’s continued refusal to substantially perform his or her duties to the Company, (C) the Participant’s repeated dishonesty in the performance of his or her duties to the Company, (D) the Participant’s commission of an act or acts constituting any (x) fraud against, or misappropriation or embezzlement from, the Company or any of its Affiliates, (y) crime involving moral turpitude, or (z) offense that could result in a jail sentence of at least one year, or (E) the Participant’s material breach of any confidentiality, non-solicitation, or non-competition covenant entered into between the Participant and the Company. The determination of “Cause” shall be made by the Administrator and its determination shall be final and conclusive. Without in any way limiting the effect of the foregoing, for purposes of the Plan and this Agreement, a Participant’s employment or service shall

also be deemed to have terminated for Cause if, after the Participant’s employment or service has terminated, facts and circumstances are discovered that would have justified, in the opinion of the Administrator, a termination for Cause.

(b)Good Reason. “Good Reason” shall mean (i) “Good Reason” as defined under the Participant’s employment, change in control, consulting, or other similar plan or agreement with or established by the Company or an Affiliate that is applicable to the Participant, if any, or (ii) if the Participant is not a participant in or has not entered into any such plan or agreement or if any such plan or agreement does not define “Good Reason,” then a Participant’s termination shall be for “Good Reason” if termination results due to any of the following without the Participant’s consent: a change caused by the Company in the Participant’s duties and responsibilities which is materially inconsistent with the Participant’s position at the Company, or a material reduction in the Participant’s annual base salary (excluding any reduction in the Participant’s salary that is part of a plan to reduce salaries of comparably situated employees of the Company generally); provided that, in any case, notwithstanding anything to the contrary in the foregoing subparts (i) or (ii), the Participant shall only have “Good Reason” to terminate employment or service following the applicable entity’s failure to remedy the act which is alleged to constitute “Good Reason” within thirty (30) days following such entity’s receipt of written notice from the Participant specifying such act, so long as such notice is provided within sixty (60) days after such event has first occurred (or after the Participant reasonably should have been aware of the first occurrence of such event). The determination of “Good Reason” shall be made by the Administrator and its determination shall be final and conclusive.

(c)Qualifying Termination. “Qualifying Termination” shall mean the termination of employment or service of a Participant (i) as a result of the Participant’s death, Disability or Retirement, (ii) by the Company and/or its Affiliates without Cause, or (iii) by the Participant for Good Reason.

(d)Retirement. “Retirement” shall have the meaning given such term under an employment, change in control, consulting, or other similar plan or agreement with or established by the Company or an Affiliate that is applicable to the Participant, if any, or if the Participant is not a participant in or has not entered into any such plan or agreement or if such plan or agreement does not define “Retirement”, then “Retirement” shall mean (i) with respect to all Participants, the termination of employment by the Participant on or after either (A) the Participant’s attainment of age 65, or (B) the Participant’s attainment of age 55 and completion of ten (10) years of service; and (ii) with respect to the Chief Executive Officer only, the termination of employment by the Chief Executive Officer on or after both (A) the Chief Executive Officer’s attainment of age 55 and completion of at least five years of service, and (B) the date upon which the sum of the Chief Executive Officer’s age plus years of service equals 65. For this purpose, the Participant shall be credited with a year of service for each consecutive twelve-month period he or she is employed or in service during his or her period of employment or service with the Company. Employment or service shall not be deemed to be terminated or interrupted by a leave of absence, sick leave or vacation granted to the Participant by the Company. The Administrator shall have authority to determine if a Retirement has occurred.

3.Vesting; Forfeiture.

(a)The actual number of Shares, if any, that may be earned and vested during the Performance Period, as set forth on the signature page hereto (the “Performance Period”), will be determined by the Administrator following the end of the Performance Period based on attainment of the performance goals, as set forth on the signature page hereto and as provided in Schedule A (the “Performance Goals”); provided, however, that, except as otherwise provided in this Section 3, the Award

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shall not vest, in whole or in part, and the Participant shall not be entitled to any Shares, unless the Participant remains employed or in service from the Date of Grant until the Service Period Completion Date (as defined on the signature page hereto). To be clear, except as otherwise provided in the Agreement (including this Section 3), no Shares shall vest and be issuable to the Participant unless the Participant is continuously employed by or in service with the Company from the Date of Grant until the Service Period Completion Date and the Performance Goals are met. The Administrator has authority to determine whether and to what degree the Award shall be deemed earned and vested.

(b)If the Participant’s employment or service with the Company is terminated prior to the Service Period Completion Date for any reason other than a Qualifying Termination (including but not limited to a termination for Cause), the Award shall immediately terminate and the Participant shall have no rights with respect to the Award or the Shares underlying the Award.

(c)Notwithstanding Sections 3(a) and (b) herein, if the Participant’s employment or service with the Company is terminated prior to the Service Period Completion Date due to a Qualifying Termination, then a pro-rata portion of the Award, determined as of the date of the Qualifying Termination in accordance with the provisions of this Agreement, shall be eligible to be earned and vested based on attainment of the Performance Goals during the Performance Period as specified in this Agreement and Schedule A as if the Participant’s employment or service had not terminated prior to the Service Period Completion Date.

(d)Notwithstanding Sections 3(a) and (b) herein, in the event a Change of Control occurs during the Performance Period, the Award shall be deemed earned and vested as follows:

(i)To the extent that the successor or surviving company in the Change of Control event does not assume or substitute for the Award (or in which the Company is the ultimate parent corporation and does not continue the Award) on substantially similar terms or with substantially equivalent economic benefits (as determined by the Administrator) as Awards outstanding under the Plan immediately prior to the Change of Control event, the Award shall be deemed earned and vested to the extent of the attainment of the Performance Goals set forth on Schedule A, calculated and determined as of (or as close in time as practicable to) the effective date of the Change of Control.

(ii)Further, in the event that the Award is substituted, assumed or continued as provided in Section 3(d)(i) herein, the Award will be deemed earned to the extent of the attainment of the Performance Goals set forth on Schedule A, calculated and determined as of (or as close in time as practicable to) the effective date of the Change of Control, and will convert to a time-based RSU which will vest, subject to continued employment or service, on the last day of the Performance Period; provided that, if the Participant’s employment or service is terminated by the Company or an Affiliate without Cause or by the Participant with Good Reason within (A) six months before or (B) one year after the effective date of a Change of Control, then the Award, to the extent earned based on the foregoing provisions of Section 3(d)(ii), shall be deemed vested as of the date of the Change of Control in the event subpart (A) herein applies or as of the date of the Participant’s termination of employment or service in the event subpart (B) herein applies.

(iii)Notwithstanding any other provision of the Plan to the contrary, in the event that the Participant has entered into or is a participant in a change in control, employment, consulting, or similar plan or agreement with or established by the Company or an Affiliate, the Participant shall be entitled to the greater of the benefits provided upon a Change of Control of the Company

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under the Plan or the benefits provided upon a change of control of the Company under the other respective plan or agreement, and such other respective plan or agreement shall not be construed to reduce in any way the benefits otherwise provided to the Participant upon the occurrence of a Change of Control as defined in the Plan.

4.Settlement of Award; Delivery of Shares.

(a)No certificate or certificates for Shares shall be issued at the time of grant of the Award. A certificate or certificates for the Shares underlying the Award (or, in the case of uncertificated Shares, other written evidence of ownership in accordance with Applicable Law) shall be issued in the name of the Participant (or his or her beneficiary) only in the event, and to the extent, that the Award has vested and been earned in accordance with the provisions of this Agreement, including Schedule A. Any Shares or other benefits payable pursuant to the Award shall (except as otherwise provided in this Section 4(a) in the event of a Change of Control), upon vesting and earning of the Award, be distributed to the Participant (or his or her beneficiary) no earlier than the date of the first anniversary of the Service Period Completion Date, but in any event within 70 days following the first anniversary of the Service Period Completion Date (such date of distribution, the “Settlement Date”); provided that, if the Participant’s employment is terminated due to Cause prior to the Settlement Date (for clarity, including but not limited to termination during the period between the Service Period Completion Date and the Settlement Date), then the Award shall be forfeited in its entirety and the Participant shall have no rights with respect to the Award or any Share or other benefits underlying the Award. Notwithstanding the foregoing, the Settlement Date shall be determined as follows in the event of a Change of Control: (a) any distributions as a result of a Change of Control as provided in Section 3(d)(i) or as provided in Section 3(d)(ii) due to a termination of employment not for Cause by the Company or an Affiliate or by the Participant for Good Reason within six months before the Change of Control shall be paid within 70 days following the date of the Change of Control; (b) any distributions under Section 3(d)(ii) due to the termination of employment or service by the Company or an Affiliate not for Cause or by the Participant for Good Reason within one year following a Change of Control shall be paid within 70 days following the Participant’s Termination Date; and (c) any distributions as a result of a Change of Control as provided in Section 3(d)(ii) other than due to a termination of employment by the Company or an Affiliate not for Cause or by the Participant for Good Reason (that is, a distribution as a result of continued employment or service until the end of the Performance Period) shall be paid within 70 days following the end of the Performance Period. If the 70-day period described in this Section 4(a) begins in one calendar year and ends in another, the Participant (or his or her beneficiary) shall not have the right to designate the calendar year of the payment (except as permitted by Code Section 409A or otherwise provided below with respect to a delay in payments if the Participant is a “specified employee”). Further, if calculation of the amount of the payment is not administratively practicable due to events beyond the control of the Participant (or his or her beneficiary), the payment will be treated as made within the applicable 70-day time period specified herein if the payment is made during the first taxable year of the Participant in which the calculation of the amount of the payment is administratively practicable or otherwise in accordance with Code Section 409A. Notwithstanding the foregoing, if the Participant is or may be a “specified employee” (as defined under Code Section 409A), and the distribution isconsidered deferred compensation under Code Section 409A, then such distribution if madedue to separation from serviceshall be subject to delay as provided in Section 20 of the Plan (or any successor provision thereto).

(b)Except as otherwise provided in this Section 4(b), the Participant shall not be deemed to be the holder of any Shares subject to the Award and shall not have any dividend rights, voting rights or other rights as a stockholder unless and until (and only to the extent that) the Award has vested and been earned and certificates for such Shares have been issued to him or her (or, in the case of uncertificated

4

shares, other written evidence of ownership in accordance with Applicable Law shall have been provided).As of any date that the Company pays an ordinary cash dividend on its common stock, the Company shall credit to the Participant’s book account a dollar amount equal to (i) the per share cash dividend paid by the Company on its Common Stock on such date, multiplied by (ii) that number of Shares equal to the number of Target PRSUs (“Target PRSUs”) set forth on the signature page hereto (a “Dividend Equivalent Right”). Any Dividend Equivalent Rights credited pursuant to the foregoing provisions of this Section 4(b) shall be subject to the same vesting, earning, Performance Goals, payment, and other terms, conditions and restrictions as the Shares subject to the Award (and, for clarification, shall not be paid unless and until the corresponding portion of the Shares subject to the Award have been earned, vested and settled); provided, however, that the amount of any Dividend Equivalent Rights that become earned, vested and entitled to settlement pursuant to the terms of this Agreement and Schedule A shall be paid in cash.

(c)Notwithstanding any other provision of the Plan or this Agreement to the contrary, no Shares shall be distributable upon vesting of the Award prior to the completion of any registration or qualification of the Award or the Shares under any Applicable Law (including, but not limited to, the requirements of the Securities Act) that the Administrator shall in its sole discretion determine to be necessary or advisable.

(d)The Company shall not be liable to the Participant for damages relating to any delays in issuing the certificates to him or her (subject to any Code Section 409A requirements), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves. Notwithstanding the foregoing, the issuance of Shares may, in the Company’s discretion, be effected on a non-certificated basis, to the extent permitted under the Plan.

(e)The Award, if vested in accordance with the terms of this Agreement, shall be payable in whole Shares. The total number of Shares that may be acquired upon settlement of the Award (or portion thereof) shall be rounded down to the nearest whole share.

5.No Right to Continued Employment or Service; No Right to Further Awards.

Neither the Plan nor this Agreement nor any other action related to the Plan shall confer upon the Participant any right to continue in the employ or service of the Company or an Affiliate or interfere in any way with the right of the Company or an Affiliate to terminate the Participant’s employment or service at any time. Except as otherwise provided in the Plan or this Agreement, or as may be determined by the Administrator, all rights of the Participant with respect to the unvested portion of the Award shall terminate on the Participant’s Termination Date. The grant of the Award does not create any obligation to grant further awards.

6.Legend on Certificates.

The Shares acquired upon vesting of the Award shall be subject to the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares are listed and any other Applicable Law, and the Administrator may cause a restrictive legend or legends to be put on any certificates for such Shares to make appropriate reference to such restrictions.

7.Transferability.

The Award may not be assigned, alienated, pledged, attached, sold, or otherwise transferred or encumbered by the Participant other than transfers for no consideration by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer, or

5

encumbrance shall be void and unenforceable against the Company or any Affiliate; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer, or encumbrance. No such permitted transfer of the Award to heirs or legatees of the Participant shall be effective to bind the Company unless the Administrator shall have been furnished with written notice thereof and a copy of such evidence as the Administrator may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof.

8.Withholding; Tax Consequences.

(a)Prior to the delivery of a certificate or certificates for the Shares subject to the Award (or other written evidence of ownership), the Participant may be required to pay to the Company or any Affiliate in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Company or an Affiliate to such authority for the account of the Participant. Notwithstanding the foregoing, the Company shall have the right and is hereby authorized to withhold (including from payroll or any other amounts payable to the Participant), any applicable withholding taxes in respect of the Award, its vesting, or any payment or transfer under or with respect to the Award and to take such other action as may be necessary in the opinion of the Administrator to satisfy all obligations for the payment of such withholding taxes. Without limiting the generality of the foregoing, to the extent permitted by the Administrator, the Participant may satisfy, in whole or in part, the foregoing withholding liability by delivery of shares of Common Stock held by the Participant (which are fully vested and not subject to any pledge or other security interest) or by having the Company withhold from the number of Shares otherwise deliverable to the Participant hereunder Shares with a Fair Market Value as of the date that the amount of tax to be withheld is determined no greater than the aggregate amount of such withholding obligations based on the maximum statutory withholding rate in the Participant’s applicable jurisdiction for federal, state, local, and foreign income and payroll tax purposes. The Participant further agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local, and foreign tax withholding obligations of the Company which may arise in connection with the Award.

(b)The Participant acknowledges that the Company has made no warranties or representations to the Participant with respect to the tax consequences (including but not limited to income tax consequences) with respect to the transactions contemplated by this Agreement, and the Participant is in no manner relying on the Company or its representatives for an assessment of such tax consequences. The Participant acknowledges that there may be adverse tax consequences upon the grant or vesting of the Award and/or the acquisition or disposition of the Shares subject to the Award and that he or she has been advised that he or she should consult with his or her own attorney, accountant, and/or tax advisor regarding the decision to enter into this Agreement and the consequences thereof. The Participant also acknowledges that the Company has no responsibility to take or refrain from taking any actions in order to achieve a certain tax result for the Participant.

9.Compliance with Applicable Law.

Upon the acquisition of any Shares pursuant to the vesting of the Award, the Participant will make or enter into such written representations, warranties, and agreements as the Administrator may reasonably request in order to comply with Applicable Law or with the Plan or this Agreement. Notwithstanding any other provision in the Plan or this Agreement to the contrary, the Company shall not be obligated to issue, deliver or transfer Shares, make any other distribution of benefits, or take any other action, unless such delivery, distribution, or action is in compliance with Applicable Law (including but not limited to the requirements of the Securities Act).

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10.Notices.

Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive office of the Company and to the Participant at the address appearing in the personnel or business records of the Company for the Participant or to either party at such other address as either party hereto may hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee.

11.Governing Law.

This Agreement shall be governed by and construed in accordance with the laws of the state of Delaware without regard to conflicts of laws, and in accordance with applicable federal laws of the United States. Any and all disputes between the Participant or any person claiming through him or her and the Company or any Affiliate relating to the Plan or this Agreement shall be brought only in the state courts of Greenville, South Carolina, or the United States District Court for the District of South Carolina, Greenville division, as appropriate.

12.Award Subject to Plan.

By entering into this Agreement, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan and Plan prospectus. The Participant acknowledges and agrees that the Award is subject to the Plan. The terms and provisions of the Plan, as they may be amended from time to time, are hereby incorporated herein by reference. In the event of a conflict between any express term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail, unless the Administrator determines otherwise.

13.Signature in Counterparts.

This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

14.Amendment; Waiver; Superseding Effect.

This Agreement may be modified or amended as provided in the Plan. The waiver by the Company of a breach of any provision of this Agreement by the Participant shall not operate or be construed as a waiver of any subsequent breach by the Participant. The Agreement supersedes any statements, representations, or agreements of the Company with respect to the grant of the Award or any related rights, and the Participant hereby waives any rights or claims related to any such statements, representations, or agreements.

15.Recoupment and Forfeiture.

As a condition to receiving the Award, the Participant agrees that he or she shall abide by (a) the Company’s Dodd-Frank Act Compensation Recoupment (Clawback) Policy, (b) the Company’s Supplemental Compensation Recoupment (Clawback) Policy, (c) the Company’s Stock Ownership and Retention Policy (including but not limited to such policy’s stock retention requirements) and/or (d) other policies adopted by the Company or an Affiliate, each as in effect from time to time and to the extent applicable to the Participant. Further, the Participant shall be subject to such compensation recovery, recoupment, forfeiture, or other similar provisions as may apply under Applicable Law.

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16.Administration.

The authority to construe and interpret this Agreement and the Plan, and to administer all aspects of the Plan, shall be vested in the Administrator, and the Administrator shall have all powers with respect to this Agreement as are provided in the Plan, including but not limited to the sole authority to determine whether and to what degree the Award is earned and vested. Any interpretation of this Agreement by the Administrator and any decision made by it with respect to this Agreement is final and binding.

17.Severability.

The provisions of this Agreement are severable and if any one or more provisions shall be held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining parts of this Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been included.

18.Right of Offset.

Notwithstanding any other provision of the Plan or this Agreement, the Company may at any time (subject to any Code Section 409A considerations) reduce the amount of any payment or benefit otherwise payable to or on behalf of the Participant by the amount of any obligation of the Participant to the Company or an Affiliate that is or becomes due and payable, and by entering into this Agreement, the Participant shall be deemed to have consented to such reduction.

19.Electronic Delivery and Acceptance.

The Company may, in its sole discretion, elect to deliver the Agreement, the Plan, the Plan prospectus, Company annual reports, stockholder communications, and any other documents related to current or future participation in the Plan by electronic means. By entering into this Agreement, the Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an online or electronic system established and maintained by the Company or a third party designated by the Company. The Participant’s online or electronic acceptance of the Agreement constitutes the Participant’s agreement to the Agreement’s terms and the Participant’s acknowledgement that he or she has received the documents described above.

[Signature Page to Follow]

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SIGNATURE PAGE TO
PERFORMANCE RESTRICTED STOCK UNIT AWARD AGREEMENT

IN WITNESS WHEREOF, the parties have caused this Agreement to be effective as of the Date of Grant specified below.

Date of Grant: [__________]

Performance Period: [__________]

Service Period Completion Date: [__________]

Number of Target PRSUs: The target number of PRSUs for the Performance Period for the Participant is set forth beneath the Participant’s signature to this Agreement (the “Target PRSUs”). Notwithstanding the foregoing, in the event that the Participant’s employment or service with the Company is terminated prior to the Service Period Completion Date due to a Qualifying Termination, then a pro-rata portion of the Target PRSUs may be earned and vested in accordance with this Agreement. [The pro-rata portion that may be earned and vested shall be determined by multiplying the total number of the Target PRSUs by a fraction, the numerator of which is the number of calendar days elapsed between the first day of the calendar year that includes the Date of Grant and the date of the Qualifying Termination, and the denominator of which is the total number of calendar days in the three-calendar-year period ending on the Service Period Completion Date.] [modify method of proration, if necessary] Following a Qualifying Termination, the use of the term “Target PRSUs” shall mean the pro-rata portion of the Target PRSUs as determined pursuant to the immediately preceding sentence.

Performance Goals: [__________], as described in Schedule A

Target PRSUs Earned: The actual number of Shares, if any, subject to the Award that may be earned shall be determined based on the attainment of the Performance Goals specified in Schedule A, as determined by the Administrator following the end of the Performance Period; provided, however, that, except as provided in the Plan or the Agreement (for instance, with respect to a Qualifying Termination), no Shares shall vest and be issuable to the Participant unless the Participant is continuously employed by or in service with the Company from the Date of Grant until the Service Period Completion Date and the provisions of Schedule A are met. The Participant is eligible to earn from 0% to [___]% of the Target PRSUs based on attainment of the [__________]

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SIGNATURE PAGE TO
PERFORMANCE RESTRICTED STOCK UNIT AWARD AGREEMENT

for the Performance Period as determined in accordance with Schedule A to the Agreement.

One share of the Company’s stock will be issued for each PRSU that is earned and vested in accordance with this Agreement, including Schedule A.

Participant:

Printed Name: [__________]

Target PRSUs: [__________]

Regional Management Corp.

By: [insert electronic signature]

Name: [__________]

Its: [__________]

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Schedule A

REGIONAL MANAGEMENT CORP.

2024 LONG-TERM INCENTIVE PLAN

PERFORMANCE RESTRICTED STOCK UNIT AWARD AGREEMENT

Schedule A sets forth the performance goals (the “Performance Goals”) and certain other terms and conditions for the performance-based and service-based Performance Restricted Stock Unit Award (the “Award”) under the Regional Management Corp. 2024 Long-Term Incentive Plan (as amended and restated) (the “Plan”), evidenced by the Performance Restricted Stock Unit Award Agreement (the “Agreement”) to which Schedule A is attached. Capitalized terms not expressly defined in this Schedule A but defined in the Plan or the Agreement shall have the same definitions as in the Plan and/or the Agreement, as applicable.

20.Vesting Terms of Target PRSUs:

(a)Subject to the terms of the Agreement and the Plan, the number of PRSUs that are eligible to be earned shall be based on the [__________] for the Performance Period (set forth on the Signature Page above) as described in Section 1 herein; provided that (except as otherwise provided in the Agreement or the Plan) the Participant is employed by or in service with the Company on the Service Period Completion Date and has been continuously employed or in service since the Date of Grant. Specifically, if the [__________] during the Performance Period is:

(i)Below [___] (the “Threshold Value”), then the applicable payout percentage (the “Applicable Payout Percentage”) shall equal 0.0%;

(ii)Equal to [___] (that is, the Threshold Value), then the Applicable Payout Percentage shall equal [___]%;

(iii)Equal to [___] (the “Target Value”), then the Applicable Payout Percentage shall equal 100% (i.e., yielding Shares equal to the Target PRSUs);

(iv)Equal to or greater than [___] (the “Maximum Value”), then the Applicable Payout Percentage shall equal [___]%;

(v)Equal to an amount greater than the Threshold Value and less than the Target Value, then the Applicable Payout Percentage shall be determined on the basis of straight-line interpolation between [___]% and 100%; or

(vi)Equal to an amount greater than the Target Value and less than the Maximum Value, then the Applicable Payout Percentage shall be determined on the basis of straight-line interpolation between 100% and [___]%.

(b)For clarity, no PRSUs shall be earned pursuant to the Award if the [__________] is less than [___], and the maximum number of PRSUs earned pursuant to this Award Agreement shall be [___]% of the Target PRSUs.

(c)[In addition to the foregoing [__________] requirements, the PRSUs (including any Dividend Equivalents related to the Award) shall not vest or be earned in whole or in part, without regard

A-1

to the [__________] performance, unless the Administrator determines that the [__________] for the Performance Period is at least [__________].]

(d)As soon as practicable after the end of the Performance Period, the Administrator shall determine the level of achievement of [__________] for the Performance Period and determine the extent to which the PRSUs have been earned, based on the number of Target PRSUs multiplied by the Applicable Payout Percentage. No Award shall be payable until the Administrator determines the extent, if any, to which the Performance Goals were met. The Company’s calculation of [_________] [and __________] for the Performance Period shall be conclusive and binding.

An illustration of the above mechanism for determining the Applicable Payout Percentage at various [__________] values achieved during the Performance Period is as follows. The following is an illustration only and is not intended to, and does not constitute, any representation regarding future Company performance or the extent, if any, to which the PRSUs may become vested and earned.

[_________]	[_________]	[_________]	Applicable Payout Percentage
[____]	[____]	[____]	[____]%
[____]	[____]	[____]	[____]%
[____]	[____]	[____]	[____]%
[____]	[____]	[____]	[____]%
[____]	[____]	[____]	[____]%
[____]	[____]	[____]	[____]%
[____]	[____]	[____]	[____]%
[____]	[____]	[____]	[____]%
[____]	[____]	[____]	[____]%
[____]	[____]	[____]	[____]%
[____]	[____]	[____]	[____]%
[____]	[____]	[____]	[____]%
[____]	[____]	[____]	[____]%
[____]	[____]	[____]	[____]%
[____]	[____]	[____]	[____]%

21.Definitions:

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EX-10.6

REGIONAL MANAGEMENT CORP.

2024 LONG-TERM INCENTIVE PLAN

STOCK AWARD AGREEMENT

THIS OTHER STOCK-BASED AWARD AGREEMENT FOR SHARES OF COMMON STOCK, or STOCK AWARD AGREEMENT (the “Agreement”), is made effective as of the date set forth on the signature page hereto (hereinafter called the “Date of Grant”), between Regional Management Corp., a Delaware corporation (hereinafter called the “Company”), and the individual set forth on the signature page hereto (hereinafter called the “Participant”), pursuant to the Regional Management Corp. 2024 Long-Term Incentive Plan, as it may be amended and/or restated (the “Plan”), which Plan is incorporated herein by reference and made a part of this Agreement.

1.Grant of Award.

The Company hereby grants to the Participant an Other Stock-Based Award in the form of an Award of shares of Common Stock (the “Award”), subject to the terms and conditions of the Plan and this Agreement, for the number of shares of Common Stock (the “Shares”) set forth on the signature page hereto, subject to adjustment as set forth in the Plan.

2.Vesting.

The Shares subject to the Award shall be vested immediately as of the Date of Grant; provided, however, that notwithstanding the foregoing, the Award and the Shares shall be subject to such limitations and restrictions as may be provided under the terms of the Plan or this Agreement.

3.Rights as a Stockholder; Settlement of Award.

(a)The Participant shall not have any rights to dividends, voting rights or other rights of a stockholder with respect to Shares subject to an Award unless and until certificates for such Shares have been issued to him or her (or other written evidence of ownership in accordance with Applicable Law has been provided). A certificate or certificates for the Shares subject to the Award (or other written evidence of ownership) shall be issued in the name of the Participant as soon as practicable after the Award has been granted. Except as otherwise provided in the Plan or this Agreement, the Participant shall have all voting, dividend, and other rights of a stockholder with respect to the Shares following issuance of the certificate or certificates (or other written evidence of ownership) for the Shares.

(b)Notwithstanding any other provision of the Plan or this Agreement to the contrary, no Shares shall be distributable pursuant to the Award prior to the completion of any registration or qualification of the Award or the Shares under any Applicable Law (including, but not limited to, the requirements of the Securities Act) that the Administrator shall in its sole discretion determine to be necessary or advisable.

(c)The Company shall not be liable to the Participant for damages relating to any delays in issuing the certificates to him or her (subject to any Code Section 409A requirements), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves. Notwithstanding the foregoing, the issuance of Shares may, in the Company’s discretion, be effected on a non-certificated basis, to the extent permitted under the Plan.

(d)The Award shall be payable in whole Shares. The total number of Shares that may be acquired pursuant to the Award (or portion thereof) shall be rounded down to the nearest whole share.

4.No Right to Continued Employment or Service; No Right to Further Awards.

Neither the Plan nor this Agreement nor any other action related to the Plan shall confer upon the Participant any right to continue in the employ or service of the Company or an Affiliate or interfere in any way with the right of the Company or an Affiliate to terminate the Participant’s employment or service at any time. The grant of the Award does not create any obligation to grant further awards.

5.Legend on Certificates.

The Shares acquired pursuant to the Award shall be subject to the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares are listed, and any other Applicable Law, and the Administrator may cause a restrictive legend or legends to be put on any certificates for such Shares to make appropriate reference to such restrictions.

6.Transferability.

The Award may not be assigned, alienated, pledged, attached, sold, or otherwise transferred or encumbered by the Participant other than transfers for no consideration by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer, or encumbrance shall be void and unenforceable against the Company or any Affiliate; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer, or encumbrance. No such permitted transfer of the Award to heirs or legatees of the Participant shall be effective to bind the Company unless the Administrator shall have been furnished with written notice thereof and a copy of such evidence as the Administrator may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof.

7.Withholding; Tax Consequences.

(a)Prior to the delivery of a certificate or certificates for the Shares subject to the Award (or other written evidence of ownership), the Participant may be required to pay to the Company or any Affiliate in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Company or an Affiliate to such authority for the account of the Participant. Notwithstanding the foregoing, the Company shall have the right and is hereby authorized to withhold (including from payroll or any other amounts payable to the Participant), any applicable withholding taxes in respect of the Award or any payment or transfer under or with respect to the Award and to take such other action as may be necessary in the opinion of the Administrator to satisfy all obligations for the payment of such withholding taxes. Without limiting the generality of the foregoing, to the extent permitted by the Administrator, the Participant may satisfy, in whole or in part, the foregoing withholding liability by delivery of shares of Common Stock held by the Participant (which are fully vested and not subject to any pledge or other security interest) or by having the Company withhold from the number of Shares otherwise deliverable to the Participant hereunder Shares with a Fair Market Value as of the date that the amount of tax to be withheld is determined no greater than the aggregate amount of such withholding obligations based on the maximum statutory withholding rate in the Participant’s applicable jurisdiction for federal, state, local, and foreign income and payroll tax purposes. The Participant further

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agrees to make adequate provision for any sums required to satisfy all applicable federal, state, local, and foreign tax withholding obligations of the Company which may arise in connection with the Award.

(b)The Participant acknowledges that the Company has made no warranties or representations to the Participant with respect to the tax consequences (including but not limited to income tax consequences) with respect to the transactions contemplated by this Agreement, and the Participant is in no manner relying on the Company or its representatives for an assessment of such tax consequences. The Participant acknowledges that there may be adverse tax consequences upon the grant of the Award and/or the acquisition or disposition of the Shares subject to the Award and that he or she has been advised that he or she should consult with his or her own attorney, accountant and/or tax advisor regarding the decision to enter into this Agreement and the consequences thereof. The Participant also acknowledges that the Company has no responsibility to take or refrain from taking any actions in order to achieve a certain tax result for the Participant.

8.Compliance with Applicable Law.

Upon the acquisition of any Shares pursuant to the Award, the Participant will make or enter into such written representations, warranties, and agreements as the Administrator may reasonably request in order to comply with Applicable Law or with the Plan or this Agreement. Notwithstanding any other provision in the Plan or this Agreement to the contrary, the Company shall not be obligated to issue, deliver or transfer Shares, make any other distribution of benefits or take any other action, unless such delivery, distribution, or action is in compliance with Applicable Law (including but not limited to the requirements of the Securities Act).

9.Notices.

Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive office of the Company and to the Participant at the address appearing in the personnel or business records of the Company for the Participant or to either party at such other address as either party hereto may hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee.

10.Governing Law.

This Agreement shall be governed by and construed in accordance with the laws of the state of Delaware without regard to conflicts of laws, and in accordance with applicable federal laws of the United States. Any and all disputes between the Participant or any person claiming through him or her and the Company or any Affiliate relating to the Plan or this Agreement shall be brought only in the state courts of Greenville, South Carolina, or the United States District Court for the District of South Carolina, Greenville division, as appropriate.

11.Award Subject to Plan.

By entering into this Agreement, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan and Plan prospectus. The Participant acknowledges and agrees that the Award is subject to the Plan. The terms and provisions of the Plan, as they may be amended from time to time, are hereby incorporated herein by reference. In the event of a conflict between any express term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions

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of the Plan will govern and prevail, unless the Administrator determines otherwise. Unless otherwise defined herein, capitalized terms in this Agreement shall have the same definitions as set forth in the Plan.

12.Signature in Counterparts.

This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

13.Amendment; Waiver; Superseding Effect.

This Agreement may be modified or amended as provided in the Plan. The waiver by the Company of a breach of any provision of this Agreement by the Participant shall not operate or be construed as a waiver of any subsequent breach by the Participant. The Agreement supersedes any statements, representations, or agreements of the Company with respect to the grant of the Award or any related rights, and the Participant hereby waives any rights or claims related to any such statements, representations, or agreements.

14.Recoupment and Forfeiture.

As a condition to receiving the Award, the Participant agrees that he or she shall abide by (a) the Company’s Dodd-Frank Act Compensation Recoupment (Clawback) Policy, (b) the Company’s Supplemental Compensation Recoupment (Clawback) Policy, (c) the Company’s Stock Ownership and Retention Policy (including but not limited to such policy’s stock retention requirements) and/or (d) other policies adopted by the Company or an Affiliate, each as in effect from time to time and to the extent applicable to the Participant. Further, the Participant shall be subject to such compensation recovery, recoupment, forfeiture, or other similar provisions as may apply under Applicable Law.

15.Administration.

The authority to construe and interpret this Agreement and the Plan, and to administer all aspects of the Plan, shall be vested in the Administrator, and the Administrator shall have all powers with respect to this Agreement as are provided in the Plan. Any interpretation of this Agreement by the Administrator and any decision made by it with respect to this Agreement is final and binding.

16.Severability.

The provisions of this Agreement are severable and if any one or more provisions shall be held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining parts of this Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been included.

17.Right of Offset.

Notwithstanding any other provision of the Plan or this Agreement, the Company may at any time (subject to any Code Section 409A considerations) reduce the amount of any payment or benefit otherwise payable to or on behalf of the Participant by the amount of any obligation of the Participant to the Company or an Affiliate that is or becomes due and payable, and, by entering into this Agreement, the Participant shall be deemed to have consented to such reduction.

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18.Electronic Delivery and Acceptance.

The Company may, in its sole discretion, elect to deliver the Agreement, the Plan, the Plan prospectus, Company annual reports, stockholder communications, and any other documents related to current or future participation in the Plan by electronic means. By entering into this Agreement, the Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an online or electronic system established and maintained by the Company or a third party designated by the Company. The Participant’s online or electronic acceptance of the Agreement constitutes the Participant’s agreement to the Agreement’s terms and the Participant’s acknowledgement that he or she has received the documents described above.

[Signature Page to Follow]

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SIGNATURE PAGE TO STOCK AWARD AGREEMENT

IN WITNESS WHEREOF, the parties have caused this Agreement to be effective as of the Date of Grant specified below.

Date of Grant: [____________]

Shares Subject to Award: [____________]

Vesting Date: [____________]

Participant:

Printed Name: [____________]

Regional Management Corp.

By: [insert electronic signature]

Name: [____________]

Its: [____________]

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EX-10.7

REGIONAL MANAGEMENT CORP.
ANNUAL INCENTIVE PLAN

(As Amended and Restated Effective May 16, 2024)

1.Purpose of the Plan; Eligibility

The purpose of the Plan is to enable the Company to attract, retain, motivate, and reward selected officers and other employees of the Company and its Affiliates by providing them with the opportunity to earn incentive compensation awards (each, an “award” or “bonus”) based on attainment of performance objectives. Officers and other employees of the Company and its Affiliateswho are selected by the Committee shall be eligible to participate in the Plan.

2.Definitions

In addition to other terms defined herein, the following capitalized terms used in the Plan have the respective meanings set forth in this Section:

(a)“Affiliate” means any Parent or Subsidiary of the Company, and also includes any other business entity which is controlled by, under common control with, or controls the Company.

(b)“Applicable Law” means any applicable laws, rules, and regulations (or similar guidance), including but not limited to the Code.

(c)“Board” shall mean the Board of Directors of the Company.

(d)“Change of Control” shall (except as may be otherwise required, if at all, under Code Section 409A) be deemed to have occurred on the earliest of the following dates:

(i)The date any entity or person shall have become the beneficial owner of, or shall have obtained voting control over, more than fifty percent (50%) of the total voting power of the Company’s then outstanding voting stock;

(ii)The date of the consummation of (A) a merger, consolidation, recapitalization, or reorganization of the Company (or similar transaction involving the Company), in which the holders of the Company’s common stock immediately prior to the transaction have voting control over less than fifty percent (50%) of the voting securities of the surviving corporation immediately after such transaction, or (B) the sale or disposition of all or substantially all the assets of the Company;

(iii)The date there shall have been a change in a majority of the Board within a 12-month period unless the nomination for election by the Company’s stockholders or the appointment of each new director (other than as a result of any settlement of a proxy or consent solicitation contest or any action taken to avoid such a contest) was approved by the vote of two-thirds of the members of the Board (or a committee of the Board, if nominations are approved by a Board committee rather than the Board) then still in office who were in office at the beginning of the 12-month period; or

(iv)The date on which the stockholders of the Company approve of a complete liquidation or dissolution of the Company to the extent that stockholder approval is required by Applicable Law.

(For the purposes herein, the term “person” shall mean any individual, corporation, partnership, group, association, or other person, as such term is defined in Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, other than the Company, a Subsidiary of the Company, or any employee benefit plan(s) sponsored or maintained by the Company or any Subsidiary thereof, and the term “beneficial owner” shall have the meaning given the term in Rule 13d-3 under the Exchange Act.)

For the purposes of clarity, a transaction shall not constitute a Change of Control if its principal purpose is to change the state of the Company’s incorporation, create a holding company that would be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction, or is another transaction of other similar effect.

Notwithstanding the preceding provisions of Section 2(d), in the event that any awards granted under the Plan are deemed to be deferred compensation subject to (and not exempt from) the provisions of Code Section 409A, then distributions related to such awards to be made upon a Change of Control may be permitted, in the Committee’s discretion (if and to the extent permitted under Code Section 409A), upon the occurrence of one or more of the following events (as they are defined and interpreted under Code Section 409A): (A) a change in the ownership of the Company; (B) a change in effective control of the Company; or (C) a change in the ownership of a substantial portion of the assets of the Company.

The Administrator shall have full and final authority, in its discretion (subject to any Code Section 409A considerations), to determine whether a Change of Control of the Company has occurred, the date of the occurrence of the Change of Control, and any incidental matters related thereto.

(e)“Code” means the Internal Revenue Code of 1986, as amended, or any successor thereto.Any reference herein to a specific Code section shall be deemed to include all related regulations or other guidance with respect to such Code section.

(f)“Committee” shall mean the Human Resources and Compensation Committee of the Board (or a subcommittee thereof), the Board, or such other committee of the Board to which the Board has delegated power to act under or pursuant to the provisions of the Plan. For clarity, the term “Committee” includes the Board (or subcommittee of the Committee or other committee of the Board) if exercising the authority of the Committee under the Plan.

(g)“Company” means Regional Management Corp., a Delaware corporation, together with any successor thereto. In the Committee’s discretion, the term “Company” may also refer to the Company and any or all of its Affiliates.

(h)[Reserved.]

(i)[Reserved.]

(j)“Disability” or “Disabled” shall, except as may be otherwise determined by the Committee (taking into account any Code Section 409A considerations), as applied to any Participant, have the meaning given in any severance or change in control plan or agreement, employment agreement,

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consulting agreement, or other similar arrangement, if any, that is applicable to the Participant, or, if there is no such plan, agreement, or arrangement applicable to the Participant (or if such plan, agreement, or arrangement does not define “Disability” or “Disabled”), “Disability” or “Disabled” shall mean the inability of the Participant to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death, or which has lasted or can be expected to last for a continuous period of not less than 12 months. The Committee shall have authority to determine if a Disability has occurred.

(k)“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, or any successor thereto.

(l)“Parent” shall mean a “parent corporation,” whether now or hereafter existing, as defined in Code Section 424(e).

(m)“Participant” shall mean each officer and other employee of the Company or any of its Affiliates whom the Committee designates as a participant under the Plan.

(n)“Person” shall mean “person,” as such term is used for purposes of Section 13(d) or 14(d) of the Exchange Act.

(o)“Performance Period” shall mean a period established by the Committee during which performance shall be measured to determine if any bonuses will be paid under the Plan. A Performance Period may be coincident with one or more fiscal years or fiscal quarters of the Company, or any portion thereof, and performance periods may be overlapping.

(p)“Plan” shall mean the Regional Management Corp. Annual Incentive Plan, as amended and restated effective May 16, 2024, and as it may be further amended and/or restated.

(q)“Share” shall mean a share of common stock of the Company, or any successor securities thereto.

(r)“Subsidiary” shall mean a “subsidiary corporation,” whether now or hereafter existing, as defined in Code Section 424(f) (or any successor section thereto).

3.Administration

(a)The Plan shall be administered and interpreted by the Committee; provided, however, that the Board may, in its sole discretion, take any action delegated to the Committee under this Plan as it may deem necessary. Members of the Committee shall be deemed independent if and to the extent required under applicable rules of any applicable stock exchange or national securities association. The Committee shall select Participants, establish the performance objective(s) for any Performance Period in accordance with Section 4, and determine whether and to what extent such performance objective(s) have been obtained. Any determination made by the Committee under the Plan shall be final, conclusive, and binding on the Company, any of its Subsidiaries or other Affiliates, any Participant, and any other person. The Committee’s authority to grant awards and authorize payments under the Plan shall not in any way restrict the authority of the Company to grant compensation to employees or other service providers under any other compensation plan, program, or arrangement of the Company.

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(b)The Committee may employ such legal counsel, consultants, and agents (including counsel or agents who are employees of the Company or any of its Subsidiaries) as it may deem desirable for the administration of the Plan and may rely upon any opinion received from any such counsel or consultant or agent and any computation received from such consultant or agent. All expenses incurred in the administration of the Plan, including, without limitation, for the engagement of any counsel, consultant, or agent, shall be paid by the Company. No member or former member of the Board or the Committee shall be liable for any act, omission, interpretation, construction, or determination made in connection with the Plan other than as a result of such individual’s willful misconduct.

(c)The Committee may delegate ministerial authority under the Plan to selected officers, employees, or agents of the Company, subject to the requirements of Applicable Law and such terms and conditions as may be established by the Committee. The Committee also shall have the authority and discretion to establish terms and conditions of awards (including but not limited to the establishment of subplans) as the Committee determines to be necessary or appropriate to conform to the applicable requirements or practices of jurisdictions outside of the United States.

4.Bonuses

(a)Performance Objectives. The Committee shall select those persons who shall be eligible to participate in the Plan and shall establish the performance objective or objectives that must be satisfied during a Performance Period in order for a Participant to be eligible to receive a bonus for such Performance Period. The performance objective(s) established by the Committee may be based on individual, business unit/division/function, and/or corporate performance measures, and such performance measures may be objective or subjective. Such performance measures may include but are in no way limited to the following, as determined by the Committee: (i) consolidated income before or after taxes (including income before interest, taxes, depreciation and amortization); (ii) EBITDA; (iii) adjusted EBITDA; (iv) operating income; (v) net income; (vi) adjusted cash net income; (vii) adjusted cash net income per share; (viii) net income per share and/or earnings per share (in each case, on a basic and/or diluted basis); (ix) book value per share; (x) return on members’ or stockholders’ equity; (xi) expense management (including, without limitation, total general and administrative expense percentages); (xii) return on investment; (xiii) improvements in capital structure; (xiv) profitability of an identifiable business unit or product; (xv) maintenance or improvement of profit margins; (xvi) stock price; (xvii) market share; (xviii) revenue or sales (including, without limitation, net loans charged off, average finance receivables, net loans charged off as percent of average net finance receivables, and net finance receivables); (xix) costs (including, without limitation, total general and administrative expense percentage); (xx) cash flow; (xxi) working capital; (xxii) multiple of invested capital; (xxiii) total debt (including, without limitation, total debt as a multiple of EBITDA); (xxiv) total return; and (xxv) environmental, social, and governance (“ESG”) factors (including but not limited to diversity, equity and inclusion and talent management), crisis management, and/or other factors. The foregoing criteria may relate to the Company, one or more of its Subsidiaries or other Affiliates, or one or more of its divisions, departments or units, or any combination of the foregoing, and may be applied on an absolute basis, in relation to performance in a prior period and/or in relation to one or more peer group companies, indices, or other relative measures, or any combination thereof, all as the Committee shall determine.

(b)Target Incentive Bonuses. The Committee shall establish target incentive bonuses for each individual Participant for each Performance Period.

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(c)Determination of Bonuses; Maximum Amount Payable. As soon as practicable after the applicable Performance Period ends, the Committee shall determine (i) whether and to what extent any of the performance objective(s) established for the relevant Performance Period have been satisfied, and (ii) for each Participant who is employed by the Company or one of its Subsidiaries or other Affiliates on the last day of the applicable Performance Period (unless otherwise determined by the Committee), the actual bonus, if any, to which such Participant shall be entitled, taking into consideration the extent to which the performance objective(s) have been met and such other factors as the Committee may deem appropriate. Payment of any bonuses that have been earned shall be made in accordance with Section 5. For clarity, a bonus shall not be deemed earned by a Participant unless and until the Committee determines the extent, if any, to which such bonus has been earned. Further, any provision of this Plan notwithstanding, in no event shall any Participant receive a bonus under this Plan in respect of any fiscal year of the Company in excess of $3,000,000.

(d)Discretion. Notwithstanding any other provision in the Plan, the Committee shall have the unilateral right, in its absolute discretion, to increase, reduce, or eliminate the amount of an award granted to any Participant, including an award otherwise earned and payable pursuant to the terms of the Plan (subject to the Participant award limitations stated in Section 4(c)). The establishment of the Plan does not limit the authority of the Committee to grant bonuses (including bonuses outside of the Plan) to such eligible persons as may be determined by the Committee based on such performance objectives as may be established by the Committee (subject, with respect to bonuses granted under the Plan, to the Participant award limitation stated in Section 4(c)) herein).

(e)Death or Disability. If a Participant dies or becomes Disabled prior to the last day of the applicable Performance Period, such Participant may, in the Committee’s discretion, receive an annual bonus equal to the bonus otherwise payable to such Participant based upon actual Company performance for the applicable Performance Period or, if determined by the Committee, based upon achieving targeted performance objectives, multiplied by a fraction, the numerator of which is the number of days that have elapsed during the Performance Period in which the Participant’s death or Disability occurs prior to and including the date of the Participant’s death or Disability and the denominator of which is the total number of days in the Performance Period, or such other amount as the Committee may deem appropriate.

(f)Other Termination of Employment. Unless otherwise determined by the Committee and except as may otherwise be provided in Section 4(e) above or pursuant to the terms of any severance or change in control plan or agreement, employment agreement, consulting agreement or similar plan, agreement, or arrangement that is applicable to the Participant, no bonuses shall be payable under this Plan in respect of any Performance Period to any Participant whose employment terminates prior to the last day of such Performance Period.

(g)Partial Performance Period. Unless otherwise determined by the Committee, if a Participant is hired or rehired by the Company (or any of its Subsidiaries or other Affiliates), or otherwise selected to be a participant in the Plan, after the beginning of a Performance Period for which a bonus is payable hereunder, such Participant may, if determined by the Committee, receive a bonus equal to the bonus otherwise payable to such Participant based upon actual Company performance for the applicable Performance Period or, if determined by the Committee, based upon achieving targeted performance objectives, multiplied by a fraction, the numerator of which is the number of days of active employment with the Company (or any of its Subsidiaries or other Affiliates) during the Performance Period and the denominator of which is the total number of days in the Performance Period, or such other amount as the Committee may deem appropriate.

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(h)Change of Control. In the event of a Change of Control, the Committee (as constituted immediately prior to the Change of Control) shall, in its sole discretion, determine whether and to what extent the performance criteria have been met or shall be deemed to have been met for the year in which the Change of Control occurs and for any completed Performance Period for which a determination has not yet been made under Section 4(c).

(i)Forfeiture/Clawback. Notwithstanding anything in the Plan to the contrary, the Committee may in its discretion at any time provide that an award or benefits related to an award shall be forfeited and/or recouped if the Participant, during employment or service or following termination of employment or service for any reason, engages in certain specified conduct, including but not limited to violation of policies of the Company or an Affiliate, breach of non-solicitation, noncompetition, confidentiality, or other restrictive covenants, or other conduct by the Participant that is determined by the Committee to be detrimental to the business or reputation of the Company or any Affiliate. In addition, without limiting the effect of the foregoing, as a condition to the grant of an award or receipt of any benefit under the Plan, each Participant shall be deemed to have agreed to comply with the Company’s Dodd-Frank Act Compensation Recoupment (Clawback) Policy, Supplemental Compensation Recoupment (Clawback) Policy, Stock Ownership and Retention Policy (including but not limited to such policy’s stock retention requirements), and/or other policies adopted by the Company or an Affiliate, each as in effect from time to time and to the extent applicable to the Participant. Further, each Participant shall be subject to such compensation recovery, recoupment, forfeiture or other similar provisions as may apply under Applicable Law.

(j)Adjustments. The Committee is authorized at any time before, during, or after a Performance Period, in its discretion, to adjust or modify the terms of awards or performance measures, or specify new awards, due to such factors as the Committee determines to be relevant, including but in no way limited to extraordinary items, transactions, events or developments; in recognition of any other unusual, nonrecurring or infrequent events affecting the Company or the financial statements of the Company; changes in Applicable Law, accounting principles, tax rates (and interpretations thereof); the occurrence of acquisitions or divestitures, significant litigation or claim judgements or settlements, asset write-downs or impairment charges, foreign exchange gains and losses, a change in the Company’s fiscal year, or business conditions or the Committee’s assessment of the business strategy of the Company; or due to any other specific unusual or infrequent events, in each case as determined by the Committee.

5.Payment

(a)General. Except as otherwise provided hereunder, payment of any bonus amount determined under Section 4 shall be made to each Participant as soon as practicable after the Committee determines the extent, if any, to which one or more of the applicable performance objectives have been attained and the amount, if any, of any bonus earned by each Participant; provided, however, that in any event all payments made hereunder shall be structured in a manner intended to be in accordance with or exempt from the requirements of Code Section 409A. Without limiting the effect of the foregoing, awards payable under the Plan shall be paid no later than the later of (i) the 15th day of the third month following the end of the Participant’s first taxable year in which the right to payment is no longer subject to a substantial risk of forfeiture, or (ii) the 15th day of the third month following the end of the Company’s first taxable year in which the right to payment is no longer subject to a substantial risk of forfeiture, or shall otherwise be structured in a manner intended to be exempt from or in compliance with Code Section 409A. In the Committee’s discretion, payment of any bonus may be conditioned upon the Participant’s execution of a waiver and release in form acceptable to the Committee, which waiver and release must

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be executed and have become irrevocable prior to the expiration of the time periods described in the preceding sentence.

(b)Form of Payment. All bonuses under this Plan shall be payable in cash, or, at the discretion of the Committee, in awards or Shares under the Company’s 2024 Long-Term Incentive Plan, 2015 Long-Term Incentive Plan, 2011 Stock Incentive Plan, or any successor plan, in each case as such plan may be amended from time to time.

6.General Provisions

(a)Effectiveness of the Plan. The Plan became effective on the date on which it was adopted by the Board (August 23, 2011, the “Effective Date”), subject to the approval of the stockholders of the Company, which approval was obtained. The Plan was amended and restated effective March 23, 2015 and further amended and restated effective May 16, 2024. The Plan as amended and restated effective May 16, 2024 shall apply with respect to awards granted on or after January 1, 2024 unless the Committee determines otherwise. The Plan shall be subject to further stockholder approval if and to the extent required under Applicable Law.

(b)Amendment and Termination. The Board or the Committee may at any time amend, suspend, discontinue, or terminate the Plan and any awards granted under the Plan; provided, however, that approval of an amendment to the Plan by the stockholders of the Company shall be required to the extent, if any, that stockholder approval is required under Applicable Law. Further, the Committee shall have unilateral authority to amend the Plan and any award (without Participant consent) to the extent necessary to comply with Applicable Law or changes to Applicable Law.

(c)No Right to Continued Employment or Awards. Nothing in this Plan shall be construed as conferring upon any Participant any right to continue in the employment of or service to the Company or any of its Subsidiaries or other Affiliates. Except as may be otherwise provided in the Plan or determined by the Board or the Committee, all rights of a Participant with respect to an award shall terminate upon the Participant’s termination of employment or service. No Participant shall have any claim to be granted any award, and there is no obligation for uniformity of treatment of Participants or beneficiaries. The terms and conditions of awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect to each Participant (whether or not the Participants are similarly situated).

(d)No Limitation on Corporate Actions. Nothing contained in the Plan shall be construed to prevent the Company or any of its Affiliates from taking any corporate action which is deemed by it to be appropriate or in its best interest, whether or not such action would have an adverse effect on any awards made under the Plan. No employee, beneficiary, or other person shall have any claim against the Company or any of its Affiliates as a result of any such action. Further, notwithstanding any other Plan provision to the contrary, the Company shall not be obligated to make any distribution of benefits under the Plan, or take any other action, unless such distribution or action is in compliance with Applicable Law.

(e)Successors and Assigns; Nonalienation of Benefits. The Plan shall be binding upon the Company, its successors and assigns, and Participants, their legal representatives, executors, administrators, and beneficiaries. No Participant or beneficiary shall have the power or right to transfer, anticipate, or otherwise encumber the Participant’s interest under the Plan, without the Company’s consent. The Company’s obligations under this Plan are not assignable or transferable except to (i) a

7

corporation which acquires all or substantially all of the Company’s assets or (ii) any corporation into which the Company may be merged or consolidated.

(f)Withholding; Other Tax Matters. Participants are solely responsible and liable for the satisfaction of all taxes and penalties that may arise in connection with participation in the Plan (including but not limited to any taxes arising under Code Section 409A). A Participant shall be required to pay to the Company or any of its Affiliates and the Company or any of its Affiliates shall have the right and is hereby authorized to withhold from any payment due under this Plan or from any compensation or other amount owing to the Participant, applicable withholding taxes with respect to any payment under this Plan and to take such action as may be necessary in the opinion of the Company to satisfy all obligations for the payment of such withholding taxes. The Company has no responsibility to take or refrain from taking any actions in order to achieve a certain tax result for a Participant or any other person, or to indemnify or gross up any Participant or other person with respect to any tax obligations.

(g)Severability. If any provision of this Plan is held unenforceable, the remainder of the Plan shall continue in full force and effect without regard to such unenforceable provision and shall be applied as though the unenforceable provision were not contained in the Plan.

(h)Governing Law. The Plan shall be governed by and construed in accordance with the laws of the State of Delaware without regard to conflicts of laws, and any and all disputes by a Participant relating to the Plan shall be brought only in the state courts of Greenville, South Carolina, or the United States District Court for the District of South Carolina, Greenville division, as appropriate.

(i)Headings. Headings are inserted in this Plan for convenience of reference only and are to be ignored in a construction of the provisions of the Plan.

(j)Compliance with Section 409A. Notwithstanding any other provision in the Plan or an award to the contrary, if and to the extent that Code Section 409A is deemed to apply to the Plan or any award, it is the general intention of the Company that the Plan and all such awards shall, to the extent practicable, comply with, or be exempt from, Code Section 409A, and the Plan and any such awards shall, to the extent practicable, be construed in accordance therewith. Deferrals of any benefit distributable under the Plan otherwise exempt from Code Section 409A in a manner that would cause Code Section 409A to apply shall not be permitted unless such deferrals are in compliance with, or exempt from, Code Section 409A. In the event that the Company (or a successor thereto) has any stock which is publicly traded on an established securities market or otherwise, distributions that are subject to Code Section 409A to any Participant who is a “specified employee” (as defined under Code Section 409A) upon a separation from service may only be made following the expiration of the six-month period after the date of separation from service (with such distributions to be made during the seventh month following separation of service), or, if earlier than the end of the six-month period, the date of death of the specified employee, or as otherwise permitted under Code Section 409A. For purposes of Code Section 409A, each installment payment provided under the Plan or an award shall be treated as a separate payment. Without in any way limiting the effect of any of the foregoing, (i) in the event that Code Section 409A requires that any special terms, provisions, or conditions be included in the Plan or any award, then such terms, provisions, and conditions shall, to the extent practicable, be deemed to be made a part of the Plan or award, as applicable, and (ii) terms used in the Plan or an award shall be construed in accordance with Code Section 409A if and to the extent required. Further, in the event that the Plan or any award shall be deemed not to comply with Code Section 409A, then neither the Company, the Board, the Committee,

8

nor its or their designees or agents shall be liable to any Participant or other person for actions, decisions, or determinations made in good faith.

(k)No Trust; Unfunded Plan. The Company shall not be required to establish or maintain a special fund or segregate assets with respect to any obligations under the Plan, and neither a Participant nor any other person shall have any interest in any particular assets of the Company. Nothing contained in the Plan shall be construed as creating a trust of any kind or any other fiduciary relationship between the Company and the Participants or any other person or constitute a guarantee that the assets of the Company shall be sufficient to pay any benefits. To the extent that any person acquires a right to receive payments under the Plan, such right shall be no greater than the right of an unsecured creditor of the Company.

9

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Robert W. Beck, certify that:

(1)I have reviewed this Quarterly Report on Form 10-Q of Regional Management Corp.;

(2)Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

(3)Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(4)The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

(5)The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 2, 2024	/s/ Robert W. Beck
	Robert W. Beck
	President and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, Harpreet Rana, certify that:

(1)I have reviewed this Quarterly Report on Form 10-Q of Regional Management Corp.;

(2)Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

(3)Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(4)The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

(5)The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 2, 2024	/s/ Harpreet Rana
	Harpreet Rana
	Executive Vice President and Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned hereby certifies that to his or her knowledge: (i) the Quarterly Report on Form 10-Q of Regional Management Corp. (the “Company”) for the quarter ended June 30, 2024 (the “Report”), as filed with the Securities and Exchange Commission, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, and (ii) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company on the dates and for the periods presented therein.

Date: August 2, 2024	/s/ Robert W. Beck
	Robert W. Beck
	President and Chief Executive Officer

Date: August 2, 2024	/s/ Harpreet Rana
	Harpreet Rana
	Executive Vice President and Chief Financial Officer

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Jul. 30, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Entity Interactive Data Current	Yes
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Registrant Name	Regional Management Corp.
Trading Symbol	RM
Entity Central Index Key	0001519401
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-35477
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	57-0847115
Entity Address, Address Line One	979 Batesville Road
Entity Address, Address Line Two	Suite B
Entity Address, City or Town	Greer
Entity Address, Postal Zip Code	29651
City Area Code	864
Local Phone Number	448-7000
Security Exchange Name	NYSE
Entity Address, State or Province	SC
Title of 12(b) Security	Common Stock
Entity Common Stock, Shares Outstanding		10,155,600

XML

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash	$ 4,323	$ 4,509
Net finance receivables	1,773,743	1,771,410
Unearned insurance premiums	(46,081)	(47,892)
Allowance for credit losses	(185,400)	(187,400)
Net finance receivables, less unearned insurance premiums and allowance for credit losses	1,542,262	1,536,118
Restricted cash	138,891	124,164
Lease assets	35,144	34,303
Intangible assets	19,264	15,846
Property and equipment	13,411	13,787
Deferred tax assets, net	12,376	13,641
Restricted available-for-sale investments	2,157	22,740
Other assets	21,224	29,419
Total assets	1,789,052	1,794,527
Liabilities:
Debt	1,378,449	1,399,814
Unamortized debt issuance costs	(5,616)	(4,578)
Net debt	1,372,833	1,395,236
Lease liabilities	37,286	36,576
Accounts payable and accrued expenses	34,030	40,442
Total liabilities	1,444,149	1,472,254
Commitments and contingencies (Note 11)
Stockholders’ equity:
Preferred stock ($0.10 par value, 100,000 shares authorized, none issued or outstanding)
Common stock ($0.10 par value, 1,000,000 shares authorized, 14,962 shares issued and 10,156 shares outstanding at June 30, 2024 and 14,566 shares issued and 9,759 shares outstanding at December 31, 2023)	1,496	1,457
Additional paid-in capital	126,373	121,752
Retained earnings	367,216	349,579
Accumulated other comprehensive loss	(39)	(372)
Treasury stock (4,807 shares at June 30, 2024 and December 31, 2023)	(150,143)	(150,143)
Total stockholders’ equity	344,903	322,273
Total liabilities and stockholders’ equity	$ 1,789,052	$ 1,794,527

XML

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.10	$ 0.10
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.10	$ 0.10
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	14,962,000	14,566,000
Common stock, shares outstanding	10,156,000	9,759,000
Treasury stock, shares	4,807,000	4,807,000

XML

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue
Interest and fee income	$ 127,898	$ 118,083	$ 256,716	$ 238,490
Insurance income, net	10,507	11,203	21,481	22,162
Other income	4,620	4,198	9,136	8,210
Total revenue	143,025	133,484	287,333	268,862
Expenses
Provision for credit losses	53,802	52,551	100,225	100,219
Personnel	37,097	36,419	74,917	75,016
Occupancy	6,149	6,158	12,524	12,446
Marketing	4,836	3,844	9,151	7,223
Other	12,054	10,475	23,992	21,534
Total general and administrative expenses	60,136	56,896	120,584	116,219
Interest expense	17,865	16,224	35,369	33,006
Income before income taxes	11,222	7,813	31,155	19,418
Income taxes	2,777	1,790	7,505	4,706
Net income	$ 8,445	$ 6,023	$ 23,650	$ 14,712
Net income per common share:
Basic	$ 0.88	$ 0.64	$ 2.47	$ 1.57
Diluted	$ 0.86	$ 0.63	$ 2.41	$ 1.53
Weighted-average common shares outstanding:
Basic	9,613,000	9,399,000	9,591,000	9,363,000
Diluted	9,863,000	9,566,000	9,805,000	9,595,000
Other comprehensive income, net of tax
Unrealized income on restricted available-for-sale investments	$ 228	$ 14	$ 423	$ 277
Other comprehensive income, before tax	228	14	423	277
Income taxes related to items of other comprehensive income	(48)	(3)	(90)	(58)
Other comprehensive income, net of tax	180	11	333	219
Total comprehensive income	$ 8,625	$ 6,034	$ 23,983	$ 14,931

XML

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]
Beginning Balance at Dec. 31, 2022	$ 308,633	$ 1,433	$ 112,384	$ 345,545	$ (586)	$ (150,143)
Beginning Balance, shares at Dec. 31, 2022		14,330
Cash dividends	(5,911)			(5,911)
Issuance of restricted stock awards		$ 32	(32)
Issuance of restricted stock awards, shares		322
Exercise of stock options	289	$ 2	287
Exercise of stock options, shares		18
Shares withheld related to net share settlement	(880)	$ (3)	(877)
Shares withheld related to net share settlement, shares		(34)
Share-based compensation	4,440		4,440
Net income	14,712			14,712
Other comprehensive income	219				219
Ending Balance at Jun. 30, 2023	321,502	$ 1,464	116,202	354,346	(367)	(150,143)
Ending Balance, shares at Jun. 30, 2023		14,636
Beginning Balance at Mar. 31, 2023	316,693	$ 1,438	114,452	351,324	(378)	(150,143)
Beginning Balance, shares at Mar. 31, 2023		14,385
Cash dividends	(3,001)			(3,001)
Issuance of restricted stock awards		$ 27	(27)
Issuance of restricted stock awards, shares		266
Exercise of stock options	289	$ 2	287
Exercise of stock options, shares		18
Shares withheld related to net share settlement	(849)	$ (3)	(846)
Shares withheld related to net share settlement, shares		(33)
Share-based compensation	2,336		2,336
Net income	6,023			6,023
Other comprehensive income	11				11
Ending Balance at Jun. 30, 2023	321,502	$ 1,464	116,202	354,346	(367)	(150,143)
Ending Balance, shares at Jun. 30, 2023		14,636
Beginning Balance at Dec. 31, 2023	322,273	$ 1,457	121,752	349,579	(372)	(150,143)
Beginning Balance, shares at Dec. 31, 2023		14,566
Cash dividends	(6,013)			(6,013)
Issuance of restricted stock awards		$ 41	(41)
Issuance of restricted stock awards, shares		414
Exercise of stock options	0	$ 0	0
Exercise of stock options, shares		0
Shares withheld related to net share settlement	(440)	$ (2)	(438)
Shares withheld related to net share settlement, shares		(18)
Share-based compensation	5,100		5,100
Net income	23,650			23,650
Other comprehensive income	333				333
Ending Balance at Jun. 30, 2024	344,903	$ 1,496	126,373	367,216	(39)	(150,143)
Ending Balance, shares at Jun. 30, 2024		14,962
Beginning Balance at Mar. 31, 2024	336,460	$ 1,468	123,563	361,791	(219)	(150,143)
Beginning Balance, shares at Mar. 31, 2024		14,675
Cash dividends	(3,020)			(3,020)
Issuance of restricted stock awards		$ 30	(30)
Issuance of restricted stock awards, shares		304
Shares withheld related to net share settlement	(430)	$ (2)	(428)
Shares withheld related to net share settlement, shares		(17)
Share-based compensation	3,268		3,268
Net income	8,445			8,445
Other comprehensive income	180				180
Ending Balance at Jun. 30, 2024	$ 344,903	$ 1,496	$ 126,373	$ 367,216	$ (39)	$ (150,143)
Ending Balance, shares at Jun. 30, 2024		14,962

XML

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income	$ 23,650	$ 14,712
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	100,225	100,219
Depreciation and amortization	6,881	7,644
Amortization of deferred origination fees and costs	(7,577)	(7,246)
Loss on disposal of intangibles, property, and equipment	285	437
Share-based compensation	5,100	4,440
Deferred income taxes, net	1,175	(1,526)
Changes in operating assets and liabilities:
Decrease in unearned insurance premiums	(1,811)	(1,949)
Increase in lease assets	(841)	(475)
Decrease in other assets	8,706	4,262
Decrease in accounts payable and accrued expenses	(6,537)	(6,231)
Increase in lease liabilities	710	438
Net cash provided by operating activities	129,966	114,725
Cash flows from investing activities:
Originations of finance receivables	(754,018)	(706,642)
Repayments of finance receivables	656,435	628,078
Purchases of intangible assets	(5,626)	(3,633)
Purchases of property and equipment	(2,235)	(2,794)
Purchase of restricted available-for-sale investments	(3,832)	(1,900)
Proceeds from maturities of restricted available-for-sale investments	24,715	2,117
Net cash used in investing activities	(84,561)	(84,774)
Cash flows from financing activities:
Advances on revolving credit facilities	766,117	821,658
Payments on revolving credit facilities	(843,994)	(832,264)
Advances on securitizations	187,305	0
Payments on securitizations	(130,612)	0
Payments for debt issuance costs	(3,048)	(2,763)
Taxes paid related to net share settlement of equity awards	(286)	(998)
Cash dividends	(6,346)	(6,210)
Proceeds from exercise of stock options	0	289
Net cash used in financing activities	(30,864)	(20,288)
Net change in cash and restricted cash	14,541	9,663
Cash and restricted cash at beginning of period	128,673	131,799
Cash and restricted cash at end of period	143,214	141,462
Supplemental cash flow information:
Interest paid	33,074	29,170
Income taxes paid (refunded)	(90)	1,188
Operating leases paid	5,641	4,738
Non-cash lease assets and liabilities acquired	$ 5,278	$ 4,370

XML

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Statement of Cash Flows [Abstract]
Cash	$ 4,323	$ 4,509	$ 10,330
Restricted cash	138,891	124,164	131,132
Total cash and restricted cash	$ 143,214	$ 128,673	$ 141,462	$ 131,799

XML

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 8,445	$ 6,023	$ 23,650	$ 14,712

XML

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

XML

Nature of Business

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Nature of Business

Note 1. Nature of Business

The Company was incorporated and began operations in 1987. The Company is engaged in the consumer finance business, offering large loans, small loans, and related payment and collateral protection insurance products. The Company formerly offered retail loans but ceased accepting applications for retail loan products effective November 2022. The Company continues to own and service its existing portfolio of retail loans. As of June 30, 2024, the Company operated under the name “Regional Finance” online and in branch locations in 19 states across the United States.

The Company’s large loan receivables are direct loans to customers, some of which are convenience check receivables and the vast majority of which are secured by non-essential household goods, automobiles, and/or other vehicles. Convenience checks are direct loans originated by mailing checks to customers based on a pre-screening process that includes a review of the prospective customer’s credit profile provided by national credit reporting bureaus or data aggregators. A recipient of a convenience check is able to enter into a loan by endorsing and depositing or cashing the check. The Company’s small loan portfolio is comprised of branch small loan receivables and convenience check receivables. Branch small loan receivables are direct loans to customers and are secured by non-essential household goods and, in some instances, an automobile. Retail loan receivables consist principally of retail installment sales contracts collateralized by the purchased furniture, appliances, and other retail items and are initiated by and purchased from retailers, subject to the Company’s credit approval.

The Company’s loan volume and contractual delinquency follow seasonal trends. Demand for the Company’s loans is typically highest during the second, third, and fourth quarters, which the Company believes is largely due to customers borrowing money for vacation, back-to-school, and holiday spending. Loan demand has generally been the lowest during the first quarter, which the Company believes is largely due to the timing of income tax refunds. Delinquencies generally reach their lowest point in the first half of the year and rise in the second half of the year. Changes in quarterly growth or liquidation could result in larger allowance for credit loss releases in periods of portfolio liquidation and larger provisions for credit losses in periods of portfolio growth. Consequently, the Company experiences seasonal fluctuations in its operating results. However, changes in macroeconomic factors, including inflation, rising interest rates, and geopolitical conflict, have impacted the Company’s typical seasonal trends for loan volume and delinquency.

XML

Basis of Presentation and Significant Accounting Policies

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Basis of Presentation and Significant Accounting Policies

Note 2. Basis of Presentation and Significant Accounting Policies

Basis of presentation: The consolidated financial statements of the Company have been prepared in accordance with SEC regulations and GAAP for interim financial information and, accordingly, do not include all information and note disclosures required by GAAP for complete financial statements. The interim financial statements in this Quarterly Report on Form 10-Q have not been audited by an independent registered public accounting firm in accordance with standards of the Public Company Accounting Oversight Board (United States), but in the opinion of management, the interim financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position, results of operations, and cash flows in accordance with GAAP. These consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as filed with the SEC.

Significant accounting policies: The following is a description of significant accounting policies used in preparing the financial statements. The accounting and reporting policies of the Company are in accordance with GAAP.

Principles of consolidation: The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Company operates through a separate wholly owned subsidiary in each state. The Company also consolidates VIEs when it is considered to be the primary beneficiary of the VIE because it has (i) power over the significant activities of the VIE and (ii) the obligation to absorb losses or the right to receive returns that could be significant to the VIE.

Variable interest entities: The Company transfers pools of loans to SPEs to secure debt for general funding purposes. These entities have the limited purpose of acquiring finance receivables, in addition to holding and making payments on the related debts. Assets transferred to each SPE are legally isolated from the Company and its affiliates, as well as the claims of the Company’s and its affiliates’ creditors. Further, the assets of each SPE are owned by such SPE and are not available to satisfy the debts or other obligations of the Company or any of its affiliates. The Company continues to service the finance receivables transferred to the SPEs. The lenders and investors in the debt issued by the SPEs generally only have recourse to the assets of the SPEs and do not have recourse to the general credit of the Company.

The SPEs’ debt arrangements are structured to provide credit enhancements to the lenders and investors, which may include overcollateralization, subordination of interests, excess spread, and reserve funds. These enhancements, along with the isolated finance receivables pools, increase the creditworthiness of the SPEs above that of the Company as a whole. This increases the marketability of the Company’s collateral for borrowing purposes, leading to more favorable borrowing terms, improved interest rate risk management, and additional flexibility to grow the business.

The SPEs are considered VIEs under GAAP and are consolidated into the financial statements of their primary beneficiary. The Company is considered to be the primary beneficiary of the SPEs because it has (i) power over the significant activities through its role as servicer of the finance receivables under each debt arrangement, (ii) the obligation to absorb losses that could be significant through note investment, if applicable, and (iii) the obligation to absorb losses or the right to receive returns that could be significant through the Company’s interest in the monthly residual cash flows of the SPEs.

Consolidation of VIEs results in these transactions being accounted for as secured borrowings; therefore, the pooled receivables and the related debts remain on the consolidated balance sheet of the Company. Each debt is secured solely by the assets of the VIEs and not by any other assets of the Company. The assets of the VIEs are the only source of funds for repayment on each debt, and restricted cash held by the VIEs can only be used to support payments on the debt. The Company recognizes revenue and provision for credit losses on the finance receivables of the VIEs and interest expense on the related secured debt.

Use of estimates: The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and disclosure of contingent assets and liabilities for the periods indicated in the financial statements. Actual results could differ from those estimates.

Estimates that are susceptible to change relate to the determination of the allowance for credit losses, the valuation of deferred tax assets and liabilities, and the fair value of financial instruments.

Recent accounting pronouncements: In November 2023, the FASB issued ASU 2023-07, improving the disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. These enhanced disclosures require reporting of incremental segment information on an annual and interim basis for all public entities, including public entities with only one reportable segment, to enable investors to develop more decision-useful financial analyses. The amendments in this update are effective for annual periods beginning after December 15, 2023 and interim periods within annual periods beginning after December 15, 2024, and early adoption is permitted. The segment reporting guidance should be applied retrospectively to all prior periods presented in the financial statements, and upon transition, the expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. The Company is currently evaluating the impact of this update on its consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09, enhancing the transparency and decision usefulness of income tax disclosures. The amendment, among other things, improves transparency of income tax disclosures by requiring more consistent categories and greater disaggregation of information in rate reconciliations, and disaggregation of income taxes paid by jurisdiction. The amendments in this update are effective for annual periods beginning after December 15, 2024, and early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The income tax guidance should be applied on a prospective basis, however, retrospective application is permitted. The Company is currently evaluating the impact of this update on its consolidated financial statements.

Net finance receivables: Generally, the Company classifies finance receivables as held for investment based on management’s intent at the time of origination. The Company determines classification on a receivable-by-receivable basis. The Company classifies finance receivables as held for investment due to its ability and intent to hold them until their contractual maturities. Net finance receivables consist of the Company’s installment loans. The Company carries net finance receivables at amortized cost, which includes remaining principal balance, accrued interest, and net unamortized deferred origination costs and unamortized fees.

Loan renewals are a significant piece of new volume and are considered a terminal event of the previous loan. The Company may renew delinquent secured or unsecured loan accounts if the customer meets the Company’s underwriting criteria and it does not appear the cause of past delinquency will affect the customer’s ability to repay the renewed loan.

Finance receivable origination fees and costs: Non-refundable fees received and direct costs (personnel and digital loan origination costs) incurred for the origination of finance receivables are deferred and recognized to interest income over their contractual lives using the constant yield method. Unamortized amounts are recognized in interest income at the time that finance receivables are paid in full, renewed, or charged off.

Nonaccrual status: Accrual of interest income on finance receivables is suspended when an account becomes 90 days delinquent. If the account is charged off, the accrued interest income is reversed as a reduction of interest and fee income. Interest received on such loans is accounted for on the cash-basis method, until qualifying for return to accrual. Under the cash-basis method, interest income is recorded when the payment is received. Loans resume accruing interest when the past due status is brought below 90 days. The Company made a policy election to not record an allowance for credit losses related to accrued interest because it has nonaccrual and charge-off policies that result in the timely suspension and reversal of accrued interest.

Allowance for credit losses: The allowance for credit losses is based on historical credit experience, current conditions, and reasonable and supportable economic forecasts. The historical loss experience is adjusted for quantitative and qualitative factors that are not fully reflected in the historical data. In determining its estimate of expected credit losses, the Company evaluates information related to credit metrics, changes in its lending strategies and underwriting practices, and the current and forecasted direction of the economic and business environment. These metrics include, but are not limited to, loan portfolio mix and growth, unemployment, credit loss trends, delinquency trends, changes in underwriting, and operational risks.

The Company selected a PD / LGD model to estimate its base allowance for credit losses, in which the estimated loss is equal to the product of PD and LGD. Historical net finance receivables are tracked over the term of the pools to identify the incidences of loss (PDs) and the average severity of losses (LGDs).

To enhance the precision of the allowance for credit loss estimate, the Company evaluates its finance receivable portfolio on a pool basis and segments each pool of finance receivables with similar credit risk characteristics. As part of its evaluation, the Company considers loan portfolio characteristics such as product type, loan size, loan term, internal or external credit scores, delinquency status, geographical location, and vintage. Based on analysis of historical loss experience, the Company selected the following segmentation: product type, FICO score, and delinquency status.

As finance receivables are originated, provisions for credit losses are recorded in amounts sufficient to maintain an allowance for credit losses at an adequate level to provide for estimated losses over the contractual life of the finance receivables (considering the effect of prepayments). Subsequent changes to the contractual terms that are a result of re-underwriting are not included in the finance receivable’s contractual life (considering the effect of prepayments). The Company uses its segmentation loss experience to forecast expected credit losses. Historical information about losses generally provides a basis for the estimate of expected credit losses. The Company also considers the need to adjust historical information to reflect the extent to which current conditions differ from the conditions that existed for the period over which historical information was evaluated. These adjustments to historical loss information may be qualitative or quantitative in nature.

Reasonable and supportable macroeconomic forecasts are required for the Company’s allowance for credit loss model. The Company engaged a major rating service to assist with compiling a reasonable and supportable forecast. The Company reviews macroeconomic forecasts to use in its allowance for credit losses. The Company adjusts the historical loss experience by relevant qualitative factors for these expectations. The Company does not require reversion adjustments, as the contractual lives of its portfolio are shorter than its available forecast periods.

The Company charges credit losses against the allowance for all products when an account reaches 180 days contractually delinquent, subject to certain exceptions. The Company’s customer accounts without a lien on a vehicle in a confirmed bankruptcy are charged off in the month following the bankruptcy notification or at 60 days contractually delinquent, subject to certain exceptions. Deceased borrower accounts are charged off in the month following the proper notification of passing, with the exception of borrowers with credit life insurance. Subsequent recoveries of amounts charged off, if any, are credited to the allowance.

Restricted cash: Restricted cash includes cash and cash equivalents for which the Company’s ability to withdraw funds is contractually limited. The Company’s restricted cash consists of cash reserves that are maintained as collateral for potential credit life insurance claims and cash restricted for debt servicing of the Company’s revolving warehouse credit facilities and securitizations.

Restricted available-for-sale investments: The Company classifies its investments in debt securities that were purchased with the Company’s restricted cash as restricted available-for-sale investments and carries the investments at fair value. Unrealized gains and losses, net of taxes, are excluded from earnings and reported in other comprehensive income or loss until realized. The unrealized gains and losses, net of taxes, are recorded on the consolidated balance sheet in accumulated other comprehensive income or loss in stockholders’ equity. Realized gains and losses from the sale of available-for-sale investments are specifically identified and reclassified from accumulated other comprehensive income or loss and included within earnings on the consolidated statement of income.

Share-based compensation: The Company measures compensation cost for share-based awards at estimated fair value and recognizes compensation expense over the service period for awards expected to vest. The Company uses the closing stock price on the date of grant as the fair value of RSAs, performance-contingent RSUs, and service-based RSUs. The fair value of NQSOs is determined using the Black-Scholes valuation model, and the fair value of PRSUs is determined using the Monte Carlo valuation model. The Black-Scholes and Monte Carlo models require the input of assumptions, including expected volatility, expected dividends, expected term, risk-free interest rate, and a discount associated with post-vest holding restrictions, changes to which can affect the fair value estimate. Expected volatility is based on the Company’s historical stock price volatility. Expected dividends are calculated using the expected dividend yield (annualized dividends divided by the grant date stock price). The expected term is calculated by using the simplified method (average of the vesting and original contractual terms) due to insufficient historical data to estimate the expected term. The risk-free rate is based on the zero-coupon U.S. Treasury bond rate over the expected term of the awards. The estimated discount associated with post-vest holding restrictions is calculated using a blend of the Finnerty and Chaffe models. In addition, the estimation of share-based awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from current estimates, such amounts will be recorded as a cumulative adjustment in the period estimates are revised.

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Finance Receivables, Credit Quality Information, and Allowance for Credit Losses

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Finance Receivables, Credit Quality Information, and Allowance for Credit Losses

Note 3. Finance Receivables, Credit Quality Information, and Allowance for Credit Losses

Net finance receivables for the periods indicated consisted of the following:

Dollars in thousands	June 30, 2024		December 31, 2023
Large loans	$	1,266,032	$	1,274,137
Small loans		505,640		493,473
Retail loans		2,071		3,800
Net finance receivables	$	1,773,743	$	1,771,410

Net finance receivables included net deferred origination fees and costs of $14.2 million and $15.1 million as of June 30, 2024 and December 31, 2023, respectively.

The credit quality of the Company’s finance receivable portfolio is dependent on the Company’s ability to enforce sound underwriting standards, maintain diligent servicing of the portfolio, and respond to changing economic conditions as it manages and grows its portfolio. The allowance for credit losses uses FICO scores and delinquency as key data points in estimating the allowance. The Company uses six FICO band categories to assess FICO scores. The first three FICO band categories include subprime FICO scores below 620. The fourth and fifth FICO band categories include near-prime FICO scores ranging from 620 to 659. The sixth FICO band category includes prime FICO scores of 660 or higher.

Net finance receivables by product, FICO band at origination, and origination year as of June 30, 2024 are as follows:

	Net Finance Receivables by Origination Year
Dollars in thousands	2024		2023		2022		2021		2020		Prior		Total Net Finance Receivables
Large Loans:
FICO Band
1	$	47,762	$	58,131	$	18,964	$	6,212	$	1,431	$	665	$	133,165
2		29,083		31,972		10,225		3,083		454		191		75,008
3		47,051		58,352		27,902		8,357		946		158		142,766
4		65,416		83,193		41,088		11,697		1,618		230		203,242
5		69,913		90,889		45,146		14,545		1,906		134		222,533
6		148,723		211,954		96,478		28,250		3,752		161		489,318
Total large loans	$	407,948	$	534,491	$	239,803	$	72,144	$	10,107	$	1,539	$	1,266,032
Small Loans:
FICO Band
1	$	42,607	$	29,277	$	4,291	$	656	$	86	$	41	$	76,958
2		19,202		14,657		2,078		209		9		10		36,165
3		30,526		24,420		2,688		206		9		4		57,853
4		40,140		32,666		3,170		186		6		7		76,175
5		44,373		39,626		4,648		166		4		4		88,821
6		89,227		71,556		8,648		227		5		5		169,668
Total small loans	$	266,075	$	212,202	$	25,523	$	1,650	$	119	$	71	$	505,640
Retail Loans:
FICO Band
1	$	—	$	1	$	1	$	—	$	1	$	2	$	5
2		—		—		119		10		—		1		130
3		—		—		355		84		—		1		440
4		—		—		411		155		7		5		578
5		—		—		302		126		3		4		435
6		—		—		330		147		5		1		483
Total retail loans	$	—	$	1	$	1,518	$	522	$	16	$	14	$	2,071
Total Loans:
FICO Band
1	$	90,369	$	87,409	$	23,256	$	6,868	$	1,518	$	708	$	210,128
2		48,285		46,629		12,422		3,302		463		202		111,303
3		77,577		82,772		30,945		8,647		955		163		201,059
4		105,556		115,859		44,669		12,038		1,631		242		279,995
5		114,286		130,515		50,096		14,837		1,913		142		311,789
6		237,950		283,510		105,456		28,624		3,762		167		659,469
Total loans	$	674,023	$	746,694	$	266,844	$	74,316	$	10,242	$	1,624	$	1,773,743

Net finance receivables by product, FICO band at origination, and origination year as of December 31, 2023 are as follows:

	Net Finance Receivables by Origination Year
Dollars in thousands	2023		2022		2021		2020		2019		Prior		Total Net Finance Receivables
Large Loans:
FICO Band
1	$	83,107	$	28,068	$	9,542	$	2,510	$	980	$	347	$	124,554
2		46,855		16,964		5,342		1,077		309		83		70,630
3		86,191		45,778		14,999		2,201		316		66		149,551
4		120,054		65,753		20,712		3,481		592		55		210,647
5		128,901		69,706		23,779		4,043		496		22		226,947
6		291,795		144,663		46,630		7,936		732		52		491,808
Total large loans	$	756,903	$	370,932	$	121,004	$	21,248	$	3,425	$	625	$	1,274,137
Small Loans:
FICO Band
1	$	64,664	$	10,459	$	1,625	$	172	$	68	$	18	$	77,006
2		31,289		5,886		724		36		11		9		37,955
3		51,222		8,099		717		31		6		1		60,076
4		65,743		10,074		679		19		10		3		76,528
5		74,207		13,838		632		14		4		1		88,696
6		126,400		25,679		1,111		15		5		2		153,212
Total small loans	$	413,525	$	74,035	$	5,488	$	287	$	104	$	34	$	493,473
Retail Loans:
FICO Band
1	$	1	$	—	$	2	$	1	$	1	$	5	$	10
2		—		213		30		—		—		—		243
3		—		634		211		3		1		1		850
4		—		650		352		36		—		4		1,042
5		—		508		278		24		—		4		814
6		—		524		286		28		2		1		841
Total retail loans	$	1	$	2,529	$	1,159	$	92	$	4	$	15	$	3,800
Total Loans:
FICO Band
1	$	147,772	$	38,527	$	11,169	$	2,683	$	1,049	$	370	$	201,570
2		78,144		23,063		6,096		1,113		320		92		108,828
3		137,413		54,511		15,927		2,235		323		68		210,477
4		185,797		76,477		21,743		3,536		602		62		288,217
5		203,108		84,052		24,689		4,081		500		27		316,457
6		418,195		170,866		48,027		7,979		739		55		645,861
Total loans	$	1,170,429	$	447,496	$	127,651	$	21,627	$	3,533	$	674	$	1,771,410

Credit losses by product and origination year for the six months ended June 30, 2024 and 2023, respectively, are as follows:

	Credit Losses by Origination Year
Dollars in thousands	2024		2023		2022		2021		2020		Prior		Total Credit Losses
Large loans	$	280	$	33,165	$	25,664	$	7,228	$	1,012	$	319	$	67,668
Small loans		364		30,172		8,416		674		34		18		39,678
Retail loans		—		—		291		154		11		4		460
Total loans	$	644	$	63,337	$	34,371	$	8,056	$	1,057	$	341	$	107,806

	Credit Losses by Origination Year
Dollars in thousands	2023		2022		2021		2020		2019		Prior		Total Credit Losses
Large loans	$	243	$	35,477	$	21,693	$	3,207	$	970	$	168	$	61,758
Small loans		196		31,402		7,711		475		41		3		39,828
Retail loans		—		328		233		47		22		2		632
Total loans	$	439	$	67,207	$	29,637	$	3,729	$	1,033	$	173	$	102,218

The contractual delinquency of the net finance receivables portfolio by product and aging for the periods indicated are as follows:

	June 30, 2024
	Large					Small					Retail					Total
Dollars in thousands	$		%			$		%			$		%			$		%
Current	$	1,081,617		85.5	%	$	414,192		81.9	%	$	1,410		68.0	%	$	1,497,219		84.4	%
1 to 29 days past due		107,983		8.5	%		45,433		9.0	%		372		18.0	%		153,788		8.7	%
Delinquent accounts
30 to 59 days		22,025		1.7	%		12,822		2.6	%		77		3.7	%		34,924		1.9	%
60 to 89 days		17,373		1.4	%		10,261		2.0	%		55		2.7	%		27,689		1.6	%
90 to 119 days		13,407		1.1	%		8,135		1.6	%		65		3.1	%		21,607		1.2	%
120 to 149 days		11,825		0.9	%		7,471		1.5	%		37		1.8	%		19,333		1.1	%
150 to 179 days		11,802		0.9	%		7,326		1.4	%		55		2.7	%		19,183		1.1	%
Total delinquency	$	76,432		6.0	%	$	46,015		9.1	%	$	289		14.0	%	$	122,736		6.9	%
Total net finance receivables	$	1,266,032		100.0	%	$	505,640		100.0	%	$	2,071		100.0	%	$	1,773,743		100.0	%
Net finance receivables in nonaccrual status	$	40,509		3.2	%	$	24,557		4.9	%	$	183		8.8	%	$	65,249		3.7	%

	December 31, 2023
	Large					Small					Retail					Total
Dollars in thousands	$		%			$		%			$		%			$		%
Current	$	1,084,518		85.1	%	$	406,203		82.4	%	$	2,620		69.0	%	$	1,493,341		84.3	%
1 to 29 days past due		109,483		8.6	%		45,119		9.1	%		594		15.6	%		155,196		8.8	%
Delinquent accounts
30 to 59 days		22,587		1.7	%		12,053		2.4	%		116		3.1	%		34,756		1.9	%
60 to 89 days		19,844		1.6	%		11,253		2.3	%		115		3.0	%		31,212		1.8	%
90 to 119 days		16,951		1.3	%		10,030		2.0	%		126		3.2	%		27,107		1.5	%
120 to 149 days		10,938		0.9	%		4,247		0.9	%		132		3.5	%		15,317		0.9	%
150 to 179 days		9,816		0.8	%		4,568		0.9	%		97		2.6	%		14,481		0.8	%
Total delinquency	$	80,136		6.3	%	$	42,151		8.5	%	$	586		15.4	%	$	122,873		6.9	%
Total net finance receivables	$	1,274,137		100.0	%	$	493,473		100.0	%	$	3,800		100.0	%	$	1,771,410		100.0	%
Net finance receivables in nonaccrual status	$	44,627		3.5	%	$	21,850		4.4	%	$	394		10.4	%	$	66,871		3.8	%

The accrual of interest income on finance receivables is suspended when an account becomes 90 days delinquent. If a loan is charged off, the accrued interest is reversed as a reduction of interest and fee income. During the three months ended June 30, 2024 and 2023, the Company reversed $6.5 million and $6.4 million of accrued interest as reductions of interest and fee income,

respectively. The Company reversed $11.6 million and $11.1 million of accrued interest as reductions of interest and fee income for the six months ended June 30, 2024 and 2023, respectively.

The following are reconciliations of the allowance for credit losses by product for the three and six months ended June 30, 2024 and 2023:

Dollars in thousands	Large			Small			Retail			Total
Beginning balance at April 1, 2024	$	126,528		$	60,142		$	430		$	187,100
Provision for credit losses		31,493			22,271			38			53,802
Credit losses		(35,957	)		(22,490	)		(166	)		(58,613	)
Recoveries		1,914			1,175			22			3,111
Ending balance at June 30, 2024	$	123,978		$	61,098		$	324		$	185,400
Net finance receivables at June 30, 2024	$	1,266,032		$	505,640		$	2,071		$	1,773,743
Allowance as percentage of net finance receivables at June 30, 2024		9.8	%		12.1	%		15.6	%		10.5	%

Dollars in thousands	Large			Small			Retail			Total
Beginning balance at April 1, 2023	$	120,382		$	62,112		$	1,306		$	183,800
Provision for credit losses		33,556			18,759			236			52,551
Credit losses		(33,661	)		(23,448	)		(500	)		(57,609	)
Recoveries		1,596			1,045			17			2,658
Ending balance at June 30, 2023	$	121,873		$	58,468		$	1,059		$	181,400
Net finance receivables at June 30, 2023	$	1,238,031		$	444,590		$	6,316		$	1,688,937
Allowance as percentage of net finance receivables at June 30, 2023		9.8	%		13.2	%		16.8	%		10.7	%

Dollars in thousands	Large			Small			Retail			Total
Beginning balance at January 1, 2024	$	127,992		$	58,736		$	672		$	187,400
Provision for credit losses		60,148			40,000			77			100,225
Credit losses		(67,668	)		(39,678	)		(460	)		(107,806	)
Recoveries		3,506			2,040			35			5,581
Ending balance at June 30, 2024	$	123,978		$	61,098		$	324		$	185,400
Net finance receivables at June 30, 2024	$	1,266,032		$	505,640		$	2,071		$	1,773,743
Allowance as percentage of net finance receivables at June 30, 2024		9.8	%		12.1	%		15.6	%		10.5	%

Dollars in thousands	Large			Small			Retail			Total
Beginning balance at January 1, 2023	$	119,592		$	57,915		$	1,293		$	178,800
Provision for credit losses		61,265			38,578			376			100,219
Credit losses		(61,758	)		(39,828	)		(632	)		(102,218	)
Recoveries		2,774			1,803			22			4,599
Ending balance at June 30, 2023	$	121,873		$	58,468		$	1,059		$	181,400
Net finance receivables at June 30, 2023	$	1,238,031		$	444,590		$	6,316		$	1,688,937
Allowance as percentage of net finance receivables at June 30, 2023		9.8	%		13.2	%		16.8	%		10.7	%

The Company uses certain loan modification programs for borrowers experiencing financial difficulties as a loss mitigation strategy to improve collectability of the loans and assist customers through financial setbacks. The programs consist of offering payment deferrals, interest rate reductions, term extensions, and, in limited instances, settlements. Customers may also pursue financial assistance through external sources, such as filing for bankruptcy protection. Modification programs available to our customers are described in more detail below:

•Customers with temporary hardships may be offered payment deferrals related to past due payments. Such deferrals extend the customer’s maturity date and are generally considered insignificant delays. During the second quarter of 2023, the Company enhanced its policy for determining an insignificant delay in payment. The Company’s previous policy for an insignificant delay in payment was two or fewer deferrals in a rolling twelve-month period, which was

updated to be three or fewer deferrals in a rolling twelve-month period. The rolling twelve-month period for the prior-year disclosures begins on or after January 1, 2023 (the date of adoption). The change had no material impact to the Company's disclosures.

•Customers with delinquent loans who meet certain criteria are eligible to receive a reduced interest rate and/or term extension, making the monthly payments more affordable.

•The Company may also agree to settle a past-due loan by accepting less than the full principal balance owed in certain limited cases once it is determined that collection of the entire outstanding balance is unlikely.

•Customers who receive bankruptcy protection may receive principal forgiveness, interest rate reductions, and/or term extensions.

The information relating to modifications made to borrowers experiencing financial difficulty for the periods indicated are as follows:

	As of and for the Three Months Ended June 30, 2024
	Large					Small					Total
Dollars in thousands	$		%			$		%			$		%
Interest rate reduction & term extension	$	2,635		0.2	%	$	461		0.1	%	$	3,096		0.2	%
Term extension		2,117		0.2	%		438		0.1	%		2,555		0.1	%
Interest rate reduction		651		0.1	%		179		—			830		—
Principal forgiveness, interest rate reduction, & term extension		162		—			7		—			169		—
Total	$	5,565		0.4	%	$	1,085		0.2	%	$	6,650		0.4	%

	As of and for the Three Months Ended June 30, 2023
	Large					Small					Total
Dollars in thousands	$		%			$		%			$		%
Interest rate reduction & term extension	$	3,162		0.3	%		678		0.2	%	$	3,840		0.2	%
Principal forgiveness, interest rate reduction, & term extension		109		—			16		—			125		—
Total	$	3,271		0.3	%	$	694		0.2	%	$	3,965		0.2	%

	As of and for the Six Months Ended June 30, 2024
	Large					Small					Total
Dollars in thousands	$		%			$		%			$		%
Interest rate reduction & term extension	$	6,111		0.5	%	$	1,051		0.2	%	$	7,162		0.4	%
Term extension		2,496		0.2	%		538		0.1	%		3,034		0.2	%
Interest rate reduction		699		0.1	%		181		—			880		—
Principal forgiveness, interest rate reduction, & term extension		287		—			19		—			306		—
Total	$	9,593		0.8	%	$	1,789		0.4	%	$	11,382		0.6	%

	As of and for the Six Months Ended June 30, 2023
	Large					Small					Total
Dollars in thousands	$		%			$		%			$		%
Interest rate reduction & term extension	$	7,706		0.6	%		1,568		0.4	%	$	9,274		0.5	%
Principal forgiveness, interest rate reduction, & term extension		131		—			19		—			150		—
Total	$	7,837		0.6	%	$	1,587		0.4	%	$	9,424		0.6	%

The financial effects of the modifications made to borrowers experiencing financial difficulty for the periods indicated are as follows:

	Three Months Ended June 30, 2024
Loan Modification	Product	Financial Effect
Principal forgiveness	Large loans	Reduced the amortized cost basis of the loans by $0.3 million.
	Small loans	Reduced the amortized cost basis of the loans by $0.1 million.
Interest rate reduction	Large loans	Reduced the weighted-average contractual interest rate by 9.6%.
	Small loans	Reduced the weighted-average contractual interest rate by 17.6%.
Term extension	Large loans	Added a weighted-average 1.1 years to the life of loans.
	Small loans	Added a weighted-average 1.0 years to the life of loans.

	Three Months Ended June 30, 2023
Loan Modification	Product	Financial Effect
Principal forgiveness	Large loans	Reduced the amortized cost basis of the loans by $0.3 million.
	Small loans	Reduced the amortized cost basis of the loans by $0.2 million.
Interest rate reduction	Large loans	Reduced the weighted-average contractual interest rate by 10.0%.
	Small loans	Reduced the weighted-average contractual interest rate by 14.6%.
Term extension	Large loans	Added a weighted-average 1.4 years to the life of loans.
	Small loans	Added a weighted-average 1.3 years to the life of loans.

	Six Months Ended June 30, 2024
Loan Modification	Product	Financial Effect
Principal forgiveness	Large loans	Reduced the amortized cost basis of the loans by $0.6 million.
	Small loans	Reduced the amortized cost basis of the loans by $0.3 million.
Interest rate reduction	Large loans	Reduced the weighted-average contractual interest rate by 8.4%.
	Small loans	Reduced the weighted-average contractual interest rate by 15.5%.
Term extension	Large loans	Added a weighted-average 1.3 years to the life of loans.
	Small loans	Added a weighted-average 1.2 years to the life of loans.

	Six Months Ended June 30, 2023
Loan Modification	Product	Financial Effect
Principal forgiveness	Large loans	Reduced the amortized cost basis of the loans by $0.5 million.
	Small loans	Reduced the amortized cost basis of the loans by $0.3 million.
Interest rate reduction	Large loans	Reduced the weighted-average contractual interest rate by 11.3%.
	Small loans	Reduced the weighted-average contractual interest rate by 13.5%.
Term extension	Large loans	Added a weighted-average 1.4 years to the life of loans.
	Small loans	Added a weighted-average 1.3 years to the life of loans.

The following table provides the amortized cost basis for modifications made to borrowers experiencing financial difficulty within the previous twelve months that subsequently defaulted. The Company defines payment default as 90 days past due for this disclosure. The respective amounts for each modification for the periods indicated are as follows:

	As of and for the Three Months Ended June 30, 2024
Dollars in thousands	Large		Small		Total
Interest rate reduction & term extension	$	1,141	$	235	$	1,376
Term extension		45		15		60
Principal forgiveness, interest rate reduction, & term extension		26		—		26
Total	$	1,212	$	250	$	1,462

	As of and for the Three Months Ended June 30, 2023
Dollars in thousands	Large		Small		Total
Interest rate reduction & term extension	$	301	$	70	$	371
Total	$	301	$	70	$	371

	As of and for the Six Months Ended June 30, 2024
Dollars in thousands	Large		Small		Total
Interest rate reduction & term extension	$	1,453	$	278	$	1,731
Term extension		53		16		69
Principal forgiveness, interest rate reduction, & term extension		27		4		31
Total	$	1,533	$	298	$	1,831

	As of and for the Six Months Ended June 30, 2023
Dollars in thousands	Large		Small		Total
Interest rate reduction & term extension	$	301	$	70	$	371
Total	$	301	$	70	$	371

The contractual delinquencies of loans that were modified to borrowers experiencing financial difficulty within the previous twelve months for the period indicated are as follows:

	June 30, 2024
Dollars in thousands	Large		Small		Total
Current	$	12,113	$	2,071	$	14,184
30 - 89 days past due		2,000		387		2,387
90+ days past due		1,066		253		1,319
Total (1)	$	15,179	$	2,711	$	17,890

(1) Excludes modified finance receivables that subsequently charged off of $1.5 million and $0.3 million in large and small loans, respectively.

The contractual delinquencies of loans that were modified to borrowers experiencing financial difficulty on or after January 1, 2023 for the period indicated are as follows:

	June 30, 2023
Dollars in thousands	Large		Small		Total
Current	$	6,819	$	1,314	$	8,133
30 - 89 days past due		817		229		1,046
90+ days past due		201		44		245
Total (1)	$	7,837	$	1,587	$	9,424

(1) Excludes modified finance receivables that subsequently charged off of $39 thousand and $5 thousand in large and small loans, respectively.

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Restricted Available-for-Sale Investments

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Restricted Available-for-Sale Investments

Note 4. Restricted Available-for-Sale Investments

The following tables reconcile the amortized cost, gross unrealized gains and losses included in accumulated other comprehensive income or loss, and estimated fair value of the Company’s restricted available-for-sale investments as of the periods indicated:

	June 30, 2024
Dollars in thousands	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Restricted investments	$	2,206	$	—	$	(49	)	$	2,157

	December 31, 2023
Dollars in thousands	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Restricted investments	$	23,211	$	1	$	(472	)	$	22,740

The following tables include the gross unrealized losses and estimated fair values of restricted available-for-sale investments that were in a continuous unrealized loss position, for which no allowance for credit loss has been recorded, as of the periods indicated:

	June 30, 2024
	Less than 12 Months				12 Months or Longer					Total
Dollars in thousands	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses
Restricted investments	$	—	$	—	$	2,157	$	(49	)	$	2,157	$	(49	)

	December 31, 2023
	Less than 12 Months				12 Months or Longer					Total
Dollars in thousands	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses
Restricted investments	$	—	$	—	$	18,633	$	(472	)	$	18,633	$	(472	)

The restricted available-for-sale investments consist of U.S. Treasuries which are measured at fair value and include accrued interest receivables of $3 thousand and $0.3 million as of June 30, 2024 and December 31, 2023, respectively. The investments consist of highly rated securities backed by the U.S. federal government. As a result, the Company has not recorded an allowance for credit losses related to the restricted available-for-sale investments.

The following table includes the amortized cost and estimated fair values of restricted available-for-sale investments by contractual maturity as of the periods indicated:

	June 30, 2024
Dollars in thousands	Amortized Cost		Estimated Fair Value
Due in one year	$	2,206	$	2,157
Due within one year to five years		—		—
Due within five years to ten years		—		—
Due after ten years		—		—
Total restricted available-for-sale investments	$	2,206	$	2,157

The Company had no proceeds from sold restricted available-for-sale investments during the three and six months ended June 30, 2024 and 2023, respectively.

The Company had no gross realized gains or losses during the three and six months ended June 30, 2024 and 2023, respectively. For additional information on the Company's restricted available-for-sale investments, see Note 7, "Disclosure About Fair Value of Financial Instruments."

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Debt

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Debt

Note 5. Debt

The following is a summary of the Company’s debt as of the periods indicated:

	June 30, 2024							December 31, 2023
Dollars in thousands	Debt		Unamortized Debt Issuance Costs (1)			Net Debt		Debt		Unamortized Debt Issuance Costs (1)			Net Debt
Senior revolving credit facility	$	145,701	$	(709	)	$	144,992	$	195,462	$	(606	)	$	194,856
RMR IV revolving warehouse credit facility		10		—			10		3,197		—			3,197
RMR V revolving warehouse credit facility		13,122		—			13,122		26,718		—			26,718
RMR VI revolving warehouse credit facility		4,744		—			4,744		15,953		—			15,953
RMR VII revolving warehouse credit facility		3,503		—			3,503		4,216		—			4,216
RMIT 2020-1 securitization		84,600		—			84,600		145,290		—			145,290
RMIT 2021-1 securitization		178,886		—			178,886		248,915		(141	)		248,774
RMIT 2021-2 securitization		200,191		(892	)		199,299		200,192		(1,106	)		199,086
RMIT 2021-3 securitization		125,202		(707	)		124,495		125,202		(864	)		124,338
RMIT 2022-1 securitization		250,374		(566	)		249,808		250,374		(991	)		249,383
RMIT 2022-2B securitization		184,295		(348	)		183,947		184,295		(870	)		183,425
RMIT 2024-1 securitization		187,821		(2,394	)		185,427		—		—			—
Total	$	1,378,449	$	(5,616	)	$	1,372,833	$	1,399,814	$	(4,578	)	$	1,395,236
Unused amount of revolving credit facilities (subject to borrowing base)	$	564,384						$	551,508

(1) Unamortized debt issuance costs related to the revolving warehouse credit facilities are presented within other assets in the consolidated balance sheets. These credit facilities had $2.0 million and $2.4 million in such costs as of June 30, 2024 and December 31, 2023, respectively.

Senior Revolving Credit Facility: In February 2024, the Company amended its senior revolving credit facility to, among other things, reduce the availability under the facility from $420 million to $355 million and extend the maturity date to September 2025. Excluding the receivables held by the Company’s VIEs, the senior revolving credit facility is secured by substantially all of the Company’s finance receivables and equity interests of the majority of its subsidiaries. Advances on the senior revolving credit facility are capped at 83% of eligible finance receivables (73% of eligible finance receivables as of June 30, 2024).

Borrowings under the facility bear interest, payable monthly, at rates equal to one-month SOFR with a floor of not less than 0.50%, plus a 3.00% margin and a benchmark adjustment. The effective interest rate was 8.43% at June 30, 2024. The Company pays an unused commitment fee between 0.50% and 1.00% based upon the average outstanding balance. As of June 30, 2024, the Company had $133.7 million of immediate available liquidity to draw down cash under the facility and held $4.3 million in unrestricted cash.

Variable Interest Entity Debt: As part of its overall funding strategy, the Company has transferred certain finance receivables to affiliated VIEs for asset-backed financing transactions, including securitizations. The following debt arrangements are issued by the Company’s SPEs, which are considered VIEs under GAAP and are consolidated into the financial statements of their primary beneficiary.

These debts are supported by the expected cash flows from the underlying collateralized finance receivables. Collections on these finance receivables are remitted to restricted cash collection accounts, which totaled $103.4 million and $109.9 million as of June 30, 2024 and December 31, 2023, respectively. Cash inflows from the finance receivables are distributed to the lenders/investors, the service providers, and/or the residual interest that the Company owns in accordance with a monthly contractual priority of payments. The SPEs pay a servicing fee to the Company, which is eliminated in consolidation. Distributions from the SPEs to the Company are permitted under the debt arrangements.

At each sale of receivables from the Company’s affiliates to the SPEs, the Company makes certain representations and warranties about the quality and nature of the collateralized receivables. The debt arrangements require the Company to repurchase the receivables in certain circumstances, including circumstances in which the representations and warranties made by the Company concerning the quality and characteristics of the receivables are inaccurate. Assets transferred to each SPE are legally isolated from the Company and its affiliates, as well as the claims of the Company’s and its affiliates’ creditors. Further, the assets of each SPE are owned by such SPE and are not available to satisfy the debts or other obligations of the Company or any of its affiliates.

The following table presents the assets and liabilities of our consolidated VIEs:

Dollars in thousands	(Unaudited) June 30, 2024			December 31, 2023
Assets
Cash	$	380		$	378
Net finance receivables		1,308,676			1,278,568
Allowance for credit losses		(134,533	)		(133,207	)
Restricted cash		118,031			123,899
Other assets		2,967			2,880
Total assets	$	1,295,521		$	1,272,518
Liabilities
Net debt	$	1,227,841		$	1,200,380
Accounts payable and accrued expenses		33			218
Total liabilities	$	1,227,874		$	1,200,598

RMR IV Revolving Warehouse Credit Facility: In April 2021, the Company and its SPE, RMR IV, entered into a credit agreement that provides for a $125 million revolving warehouse credit facility to RMR IV. In April and May 2023, the Company and RMR IV amended and restated the credit agreement that provides for a revolving warehouse credit facility to (i) extend the amortizing loan conversion date from April 2023 to May 2025 and the termination date from April 2024 to May 2026; (ii) decrease the capped advances on the facility from 81% to 77% of eligible finance receivables; and (iii) increase the margin from 2.35% to 2.80%. The debt is secured by finance receivables and other related assets that the Company purchased from its affiliates, which the Company then sold and transferred to RMR IV. Advances on the facility are capped at 79% of eligible finance receivables following a March 2024 amendment (79% of eligible finance receivables as of June 30, 2024).

Borrowings under the facility bear interest, payable monthly, at rates equal to one-month SOFR plus a margin of 2.80% and a benchmark adjustment. The effective interest rate was 8.23% as of June 30, 2024. RMR IV pays an unused commitment fee between 0.35% and 0.70% based upon the average daily utilization of the facility. RMR IV had $11.4 million of immediate availability to draw down cash under the facility and held $0.3 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the credit agreement.

RMR V Revolving Warehouse Credit Facility: In November 2022, the Company and its SPE, RMR V, amended and restated the credit agreement that provides for a $100 million revolving warehouse credit facility to RMR V to extend the date at which the facility converts to an amortizing loan and the termination date to November 2024 and November 2025, respectively. The debt is secured by finance receivables and other related assets that the Company purchased from its affiliates, which the Company then sold and transferred to RMR V. Advances on the facility are capped at 80% of eligible finance receivables (80% of eligible finance receivables as of June 30, 2024).

Borrowings under the facility bear interest, payable monthly, at a per annum rate, which in the case of a conduit lender is the commercial paper rate, plus a margin of 2.75%. The effective interest rate was 8.28% as of June 30, 2024. RMR V pays an unused commitment fee between 0.45% and 0.75% based upon the average daily utilization of the facility. RMR V had no immediate availability to draw down cash under the facility and held $0.2 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the credit agreement.

RMR VI Revolving Warehouse Credit Facility: In February 2023, the Company and its SPE, RMR VI, entered into a credit agreement that provides for a $75 million revolving warehouse credit facility to RMR VI. The facility converts to an amortizing loan in February 2025 and terminates in February 2026. The debt is secured by finance receivables and other related assets that the Company purchased from its affiliates, which the Company then sold and transferred to RMR VI. Advances on the facility are capped at 75% of eligible finance receivables (previously 80%) following a March 2024 amendment (75% of eligible finance receivables as of June 30, 2024).

Borrowings under the facility bear interest, payable monthly, at a rate equal to one-month SOFR, plus (i) 0.10% per annum, (ii) a margin of 2.50%, and (iii) the applicable step-up margin (0.00% during the revolving period). The effective interest rate was 7.93% as of June 30, 2024. RMR VI pays a monthly unused commitment fee of 0.50%. RMR VI had no immediate availability to draw down cash under the facility and held $0.1 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the credit agreement.

RMR VII Revolving Warehouse Credit Facility: In April 2023, the Company and its SPE, RMR VII, entered into a credit agreement that provides for a $75 million revolving warehouse credit facility to RMR VII. The facility converts to an amortizing loan in October 2024 and terminates in October 2025. The debt is secured by finance receivables and other related assets that the Company purchased from its affiliates, which the Company then sold and transferred to RMR VII. Advances on the facility are capped at 80% of eligible finance receivables (80% of eligible finance receivables as of June 30, 2024).

Borrowings under the facility bear interest, payable monthly, at a rate equal to one-month SOFR, plus (i) 0.10% per annum, (ii) a margin of 3.00%, and (iii) the applicable step-up margin (0.00% during the revolving period). The effective interest rate was 8.43% as of June 30, 2024. RMR VII pays a monthly unused commitment fee ranging between 0.45% and 0.65%. RMR VII had no immediate availability to draw down cash under the facility and held $43 thousand in restricted cash reserves as of June 30, 2024 to satisfy provisions of the credit agreement.

RMIT 2020-1 Securitization: In September 2020, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2020-1, completed a private offering and sale of $180 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate asset-backed notes by RMIT 2020-1. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sold and transferred to RMIT 2020-1. The notes had a revolving period ending in September 2023, with a final maturity date in October 2030. RMIT 2020-1 held $1.9 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the transaction documents. Borrowings under the RMIT 2020-1 securitization bear interest, payable monthly, at an effective interest rate of 3.42% as of June 30, 2024. Prior to maturity in October 2030, the Company may redeem the notes in full, but not in part.

RMIT 2021-1 Securitization: In February 2021, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2021-1, completed a private offering and sale of $249 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate asset-backed notes by RMIT 2021-1. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sold and transferred to RMIT 2021-1. The notes had a revolving period ending in February 2024, with a final maturity date in March 2031. RMIT 2021-1 held $2.6 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the transaction documents. Borrowings under the RMIT 2021-1 securitization bear interest, payable monthly, at an effective interest rate of 2.24% as of June 30, 2024. Prior to maturity in March 2031, the Company may redeem the notes in full, but not in part.

RMIT 2021-2 Securitization: In July 2021, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2021-2, completed a private offering and sale of $200 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate asset-backed notes by RMIT 2021-2. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sold and transferred to RMIT 2021-2. The notes have a revolving period ending in July 2026, with a final maturity date in August 2033. RMIT 2021-2 held $2.1 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the transaction documents. Borrowings under the RMIT 2021-2 securitization bear interest, payable monthly, at an effective interest rate of 2.30% as of June 30, 2024. Prior to maturity in August 2033, the Company may redeem the notes in full, but not in part, at its option on any business day on or after the payment date occurring in August 2026. No payments of principal of the notes will be made during the revolving period.

RMIT 2021-3 Securitization: In October 2021, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2021-3, completed a private offering and sale of $125 million of asset-backed notes. The transaction consisted of the issuance of fixed-rate, asset-backed notes by RMIT 2021-3. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sold and transferred to RMIT 2021-3. The notes have a revolving period ending in September 2026, with a final maturity date in October 2033. RMIT 2021-3 held $1.5 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the transaction documents. Borrowings under the RMIT 2021-3 securitization bear interest, payable monthly, at an effective interest rate of 3.88% as of June 30, 2024. Prior to maturity in October 2033, the Company may redeem the notes in full, but not in part, at its option on any business day on or after the payment date occurring in October 2024. No payments of principal of the notes will be made during the revolving period.

RMIT 2022-1 Securitization: In February 2022, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2022-1, completed a private offering and sale of $250 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate asset-backed notes by RMIT 2022-1. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sold and transferred to RMIT 2022-1. The notes have a revolving period ending in February 2025, with a final maturity date in March 2032. RMIT 2022-1 held $2.6 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the transaction documents. Borrowings under the RMIT 2022-1 securitization bear interest, payable monthly, at an effective interest rate of 3.59% as of June 30, 2024. Prior to maturity in March 2032, the Company

may redeem the notes in full, but not in part, at its option on any note payment date on or after the payment date occurring in March 2025. No payments of principal of the notes will be made during the revolving period.

RMIT 2022-2B Securitization: In October 2022, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2022-2B, completed a private offering and sale of $200 million of asset-backed notes. The transaction consisted of the issuance of three classes of fixed-rate, asset-backed notes by RMIT 2022-2B. The asset-backed notes were secured by finance receivables and other related assets that RMR III purchased from the Company and have a revolving period ending in October 2024, with a final maturity date in November 2031. RMR III sold two classes of the asset-backed notes and transferred them to RMIT 2022-2B. RMIT 2022-2B held $2.3 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the transaction documents. Borrowings under the sold notes bear interest, payable monthly, at an effective interest rate of 7.51% as of June 30, 2024. The $16.3 million class of the fixed-rate, asset-backed notes was retained by RMR III on the closing date but may be sold in whole or in part. Prior to maturity in November 2031, the Company may redeem the notes in full, but not in part, at its option on any note payment date on or after the payment date occurring in November 2024. No payments of principal of the notes will be made during the revolving period.

RMIT 2024-1 Securitization: In June 2024, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2024-1, completed a private offering and sale of $187 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate, asset-backed notes by RMIT 2024-1. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sold and transferred to RMIT 2024-1. The notes have a revolving period ending in May 2027, with a final maturity date in July 2036. RMIT 2024-1 held $1.1 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the transaction documents. Borrowings under the RMIT 2024-1 securitization bear interest, payable monthly, at an effective interest rate of 6.19% as of June 30, 2024. Prior to maturity in July 2036, the Company may redeem the notes in full, but not in part, at its option on any note payment date on or after the payment date occurring in June 2027. No payments of principal of the notes will be made during the revolving period.

The Company’s debt arrangements are subject to certain covenants, including monthly and annual reporting, maintenance of specified interest coverage and debt ratios, restrictions on distributions, limitations on other indebtedness, and certain other restrictions. As of June 30, 2024, the Company was in compliance with all debt covenants.

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Stockholders' Equity

6 Months Ended

Jun. 30, 2024

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Note 6. Stockholders’ Equity

Quarterly cash dividend: The Board may in its discretion declare and pay cash dividends on the Company’s common stock. The following table presents the dividends declared per share of common stock for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Dividends declared per common share	$	0.30	$	0.30	$	0.60	$	0.60

See Note 12, “Subsequent Events,” for information regarding the Company’s cash dividend following the end of the fiscal quarter.

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Disclosure About Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Disclosure About Fair Value of Financial Instruments

Note 7. Disclosure About Fair Value of Financial Instruments

The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value:

Cash and restricted cash: Cash and restricted cash is recorded at cost, which approximates fair value due to its highly liquid nature.

Restricted available-for-sale investments: The fair value of U.S. Treasury securities is priced using an external pricing service which the Company corroborates using a secondary external vendor. For additional information on the Company's restricted available-for-sale investments, see Note 4, "Restricted Available-for-Sale Investments."

Net finance receivables: The Company determines the fair value of net finance receivables using a discounted cash flows methodology. The application of this methodology requires the Company to make certain estimates and judgments. These estimates and judgments include, but are not limited to, prepayment rates, default rates, loss severity, and risk-adjusted discount rates.

Debt: The Company estimates the fair value of debt using estimated credit marks based on an index of similar financial instruments (credit facilities) and projected cash flows from the underlying collateralized finance receivables (securitizations), each discounted using a risk-adjusted discount rate.

Certain of the Company’s assets estimated fair value are classified and disclosed in one of the following three categories:

Level 1 – Quoted market prices in active markets for identical assets or liabilities.

Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.

Level 3 – Unobservable inputs that are not corroborated by market data.

In determining the appropriate levels, the Company performs an analysis of the assets and liabilities that are estimated at fair value. At each reporting period, all assets and liabilities for which the fair value measurement is based on significant unobservable inputs are classified as Level 3.

The following table includes the carrying amounts and estimated fair values of financial assets and liabilities disclosed but not carried at fair value:

	June 30, 2024				December 31, 2023
Dollars in thousands	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Level 1
Cash	$	4,323	$	4,323	$	4,509	$	4,509
Restricted cash		138,891		138,891		124,164		124,164
Level 3
Net finance receivables, less unearned insurance    premiums and allowance for credit losses		1,542,262		1,587,671		1,536,118		1,603,737
Liabilities
Level 3
Debt		1,378,449		1,321,563		1,399,814		1,308,349

The following table includes the carrying amounts and estimated fair values of amounts the Company measures at fair value on a recurring basis:

	June 30, 2024				December 31, 2023
Dollars in thousands	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Level 2
Restricted available-for-sale investments		2,157		2,157		22,740		22,740

As of the periods indicated above, there were no financial assets or liabilities measured at fair value on a non-recurring basis.

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Income Taxes

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Note 8. Income Taxes

The Company records interim provisions for income taxes based on an estimated annual effective tax rate. The Company recognizes discrete tax benefits or deficiencies in the income tax line of the consolidated statements of income. Generally, these discrete benefits or deficiencies are primarily the result of exercises or vestings of share-based awards.

The following table summarizes the components of income taxes for the periods indicated:

	Three Months Ended June 30,					Six Months Ended June 30,
Dollars in thousands	2024			2023		2024			2023
Provision for corporate taxes	$	2,814		$	1,758	$	7,600		$	4,660
Discrete tax (benefits) deficiencies		(37	)		32		(95	)		46
Total income taxes	$	2,777		$	1,790	$	7,505		$	4,706

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Earnings Per Share

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Note 9. Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per share amounts	2024		2023		2024		2023
Numerator:
Net income	$	8,445	$	6,023	$	23,650	$	14,712
Denominator:
Weighted-average shares outstanding for basic earnings per share		9,613		9,399		9,591		9,363
Effect of dilutive securities		250		167		214		232
Weighted-average shares adjusted for dilutive securities		9,863		9,566		9,805		9,595
Earnings per share:
Basic	$	0.88	$	0.64	$	2.47	$	1.57
Diluted	$	0.86	$	0.63	$	2.41	$	1.53

The Company excluded outstanding shares of common stock totaling 0.4 million and 0.6 million for the three months ended June 30, 2024 and 2023, respectively, and 0.4 million and 0.6 million for the six months ended June 30, 2024 and 2023, respectively, from the computation of diluted earnings per share because they were anti-dilutive.

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Share-Based Compensation

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Share-Based Compensation

Note 10. Share-Based Compensation

The Company previously adopted the 2007 Plan, the 2011 Plan, and the 2015 Plan (including re-approval as amended and restated in April 2017 and May 2021). On May 16, 2024, the stockholders of the Company approved the 2024 Plan. As of June 30, 2024, subject to adjustments as provided in the 2024 Plan, the maximum aggregate number of shares of the Company’s common stock that could be issued under the 2024 Plan could not exceed the sum of (i) 381,000 shares plus (ii) any shares remaining available for the grant of awards as of May 16, 2024 under the 2015 Plan, plus (iii) any shares subject to an award granted under the 2015 Plan which award is forfeited, cash-settled, cancelled, terminated, expires, or lapses for any reason after May 16, 2024 without the issuance of shares or pursuant to which such shares are forfeited (subject to adjustment for anti-dilution purposes as provided in the 2024 Plan). Of the amount described in the preceding sentence, no more than 381,000 shares may be issued under the 2024 Plan pursuant to the grant of incentive stock options (subject to adjustment for anti-dilution purposes). As of May 16, 2024, there were 1.0 million shares available for grant under the 2024 Plan, inclusive of shares previously available for grant under the 2015 Plan that were rolled over to the 2024 Plan. No further grants will be made under the 2015 Plan. However, awards that are outstanding under the 2007 Plan, the 2011 Plan, and the 2015 Plan will continue in accordance with their respective terms. As of June 30, 2024, there were 0.5 million shares available for grant under the 2024 Plan.

For the three months ended June 30, 2024 and 2023, the Company recorded share-based compensation expense of $3.3 million and $2.3 million, respectively. The Company recorded $5.1 million and $4.4 million in share-based compensation expense for the six months ended June 30, 2024 and 2023, respectively. As of June 30, 2024, unrecognized share-based compensation expense to be recognized over future periods approximated $18.2 million. This amount will be recognized as expense over a weighted-average period of 1.9 years. Share-based compensation expenses are recognized on a straight-line basis over the requisite service period of the agreement. All share-based compensation is classified as equity awards.

The Company allows for the settlement of share-based awards on a net share basis. With net share settlement, the employee does not surrender any cash or shares upon the exercise of stock options or the vesting of stock awards or stock units. Rather, the Company withholds the number of shares with a value equivalent to the option exercise price (for stock options) and the statutory tax withholding (for all share-based awards). Net share settlements have the effect of reducing the number of shares that would have otherwise been issued as a result of exercise or vesting.

Long-term incentive program: The Company issues PRSUs, service-based RSUs, and RSAs to certain members of senior management under the Company’s LTIP. Recurring annual grants are made at the discretion of the Board. The annual grants are subject to cliff- and graded-vesting, generally concluding at the end of the third calendar year and subject to continued employment or as otherwise provided in the underlying award agreements. Vested PRSUs are subject to an additional one-year holding period following the vesting date. The actual value of the PRSUs that may be earned can range from 0% to 150% of target based on positive or negative cumulative total shareholder return concluding at the end of the third calendar year.

Prior to 2022, the Company issued NQSOs, performance-contingent RSUs, CSPUs, and RSAs to certain members of senior management under the LTIP. The CSPUs were cash incentive awards, and the associated expense was not based on the market price of the Company’s common stock. These annual grants were subject to cliff- and graded-vesting, generally concluding at the end of

the third calendar year and subject to continued employment or as otherwise provided in the underlying award agreements. The actual value of the performance-contingent RSUs and CSPUs that could be earned ranged from 0% to 150% of target based on the percentile ranking of the Company’s compound annual growth rate of pre-provision net income and pre-provision net income per share compared to a public company peer group over a three-year performance period.

Key team member incentive program: The Company also has a KTIP for certain other members of senior management. Recurring annual participation in the program is at the discretion of the Board and executive management. The annual grants are subject to graded-vesting, generally concluding at the end of the third calendar year and subject to continued employment or as otherwise provided in the underlying award agreements.

Prior to 2024, the annual grant was subject to performance over a one-year period. Payout under the program ranged from 0% to 150% of target based on the achievement of five Company performance metrics and individual performance goals (subject to continued employment and certain other terms and conditions of the program). If earned, the RSA was issued following the one-year performance period and vested ratably over a subsequent two-year period (subject to continued employment or as otherwise provided in the underlying award agreement).

Inducement and retention program: From time to time, the Company issues stock awards and other long-term incentive awards in conjunction with employment offers to select new employees and retention grants to select existing employees. The Company issues these awards to attract and retain talent and to provide market competitive compensation. The grants have various vesting terms, including fully-vested awards at the grant date, cliff-vesting, and graded-vesting over periods of up to five years (subject to continued employment or as otherwise provided in the underlying award agreements).

Non-employee director compensation program: The Company awards its non-employee directors a cash retainer and shares of restricted common stock. The RSAs are granted on the fifth business day following the Company’s annual meeting of stockholders and fully vest upon the earlier of the first anniversary of the grant date or the completion of the directors’ annual service to the Company (so long as the period between the date of the annual stockholders’ meeting related to the grant date and the date of the next annual stockholders’ meeting is not less than 50 weeks).

The following are the terms and amounts of the awards issued under the Company’s share-based incentive programs:

Nonqualified stock options: The exercise price of all stock options is equal to the Company’s closing stock price on the date of grant. Stock options are subject to various vesting terms, including graded- and cliff-vesting over periods of up to five years. In addition, stock options vest and become exercisable in full or in part under certain circumstances, including following the occurrence of a change of control (as defined in the option award agreements). Participants who are awarded options must exercise their options within a maximum of ten years of the grant date.

The following table summarizes the stock option activity for the six months ended June 30, 2024:

Dollars and shares in thousands, except per share amounts	Number of Shares		Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Options outstanding at January 1, 2024		509	$	23.32
Granted		—		—
Exercised		—		—
Forfeited		—		—
Expired		—		—
Options outstanding at June 30, 2024		509	$	23.32		4.4	$	3,004
Options exercisable at June 30, 2024		509	$	23.32		4.4	$	3,004

The following table provides additional stock option information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per share amounts	2024		2023		2024		2023
Weighted-average grant date fair value per share	$	—	$	—	$	—	$	—
Intrinsic value of options exercised	$	—	$	277	$	—	$	277
Fair value of stock options that vested	$	—	$	—	$	—	$	—

Performance restricted stock units: Compensation expense for PRSUs is based on the fair value of the award estimated on the grant date using the Monte Carlo valuation model. The following are the weighted-average assumptions for the PRSU grants during the periods indicated below:

	Six Months Ended June 30,
	2024			2023
Expected volatility		42.48	%		40.18	%
Expected dividends		2.30	%		2.24	%
Risk-free rate		5.21	%		5.21	%
Discount for post-vesting restrictions		9.19	%		8.48	%

The following table summarizes PRSU activity during the six months ended June 30, 2024:

Dollars and units in thousands, except per unit amounts	Units		Weighted-Average Grant Date Fair Value Per Unit
Non-vested units at January 1, 2024		175	$	39.94
Granted		136		26.21
Achieved performance adjustment		—		—
Vested		—		—
Forfeited		—		—
Non-vested units at June 30, 2024		311	$	33.93

The following table provides additional PRSU information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per unit amounts	2024		2023		2024		2023
Weighted-average grant date fair value per unit	$	26.21	$	32.40	$	26.21	$	32.40
Fair value of PRSUs that vested	$	—	$	—	$	—	$	—

Performance-contingent restricted stock units: Compensation expense for performance-contingent RSUs is based on the Company’s closing stock price on the date of grant and the probability that certain financial goals will be achieved over the performance period. Compensation expense is estimated based on expected performance and is adjusted at each reporting period.

The following table summarizes performance-contingent RSU activity during the six months ended June 30, 2024:

Dollars and units in thousands, except per unit amounts	Units			Weighted-Average Grant Date Fair Value Per Unit
Non-vested units at January 1, 2024		45		$	30.22
Granted (target)		—			—
Achieved performance adjustment		—			—
Vested		(45	)		30.22
Forfeited		—			—
Non-vested units at June 30, 2024		—		$	—

The following table provides additional performance-contingent RSU information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per unit amounts	2024		2023		2024		2023
Weighted-average grant date fair value per unit	$	—	$	—	$	—	$	—
Fair value of RSUs that vested	$	1,371	$	1,445	$	1,371	$	1,445

Restricted stock units: The fair value and compensation expense of the primary portion of the Company’s service-based RSUs are calculated using the Company’s closing stock price on the date of grant. These RSUs include RSUs granted pursuant to the Company’s LTIP.

The following table summarizes service-based RSU activity during the six months ended June 30, 2024:

Dollars and units in thousands, except per unit amounts	Units		Weighted-Average Grant Date Fair Value Per Unit
Non-vested units at January 1, 2024		—	$	—
Granted (target)		53		28.20
Vested		—		—
Forfeited		—		—
Non-vested units at June 30, 2024		53	$	28.20

The following table provides additional service-based RSU information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per unit amounts	2024		2023		2024		2023
Weighted-average grant date fair value per unit	$	28.20	$	—	$	28.20	$	—
Fair value of RSUs that vested	$	—	$	—	$	—	$	—

Restricted stock awards: The fair value and compensation expense of the primary portion of the Company’s RSAs are calculated using the Company’s closing stock price on the date of grant. These RSAs include director awards, inducement awards, RSAs granted pursuant to the Company’s LTIP, and, beginning in 2024, RSAs granted pursuant to the Company’s KTIP.

Prior to 2024, the Company’s KTIP was administered as a performance-based program. The fair value and compensation expense of RSAs granted pursuant to the Company’s performance-based KTIP was calculated using the Company’s closing stock price on the date of grant and the probability that certain financial goals would be achieved over the performance period. Compensation expense was estimated based on expected performance and was adjusted at each reporting period.

The following table summarizes RSA activity during the six months ended June 30, 2024:

Dollars and shares in thousands, except per share amounts	Shares			Weighted-Average Grant Date Fair Value Per Share
Non-vested shares at January 1, 2024		190		$	35.89
Granted		371			28.51
Vested		(39	)		25.71
Forfeited		(2	)		38.21
Non-vested shares at June 30, 2024		520		$	31.37

The following table provides additional RSA information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per share amounts	2024		2023		2024		2023
Weighted-average grant date fair value per share	$	28.04	$	28.97	$	28.51	$	34.50
Fair value of RSAs that vested	$	932	$	1,127	$	990	$	1,281

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 11. Commitments and Contingencies

In the normal course of business, the Company has been named as a defendant in legal actions in connection with its activities. Some of the actual or threatened legal actions include claims for compensatory damages or claims for indeterminate amounts of damages. The Company contests liability and the amount of damages, as appropriate, in each pending matter.

Where available information indicates that it is probable that a liability has been incurred and the Company can reasonably estimate the amount of that loss, the Company accrues the estimated loss by a charge to net income.

However, in many legal actions, it is inherently difficult to determine whether any loss is probable, or even reasonably possible, or to estimate the amount of loss. This is particularly true for actions that are in their early stages of development or where plaintiffs seek indeterminate damages. In addition, even where a loss is reasonably possible or an exposure to loss exists in excess of the liability already accrued, it is not always possible to reasonably estimate the size of the possible loss or range of loss. Before a loss, additional loss, range of loss, or range of additional loss can be reasonably estimated for any given action, numerous issues may need to be resolved, including through lengthy discovery, following determination of important factual matters, and/or by addressing novel or unsettled legal questions.

For certain other legal actions, the Company can estimate reasonably possible losses, additional losses, ranges of loss, or ranges of additional loss in excess of amounts accrued, but the Company does not believe, based on current knowledge and after consultation with counsel, that such losses will have a material adverse effect on the consolidated financial statements.

While the Company will continue to identify legal actions where it believes a material loss to be reasonably possible and reasonably estimable, there can be no assurance that material losses will not be incurred from claims that the Company has not yet been notified of or are not yet determined to be probable, or reasonably possible and reasonable to estimate.

The Company expenses legal costs as they are incurred.

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Subsequent Events

6 Months Ended

Jun. 30, 2024

Subsequent Events [Abstract]

Subsequent Events

Note 12. Subsequent Events

Quarterly cash dividend: In July 2024, the Company announced that the Board declared a quarterly cash dividend of $0.30 per share. The dividend will be paid on September 12, 2024 to shareholders of record at the close of business on August 21, 2024. The declaration, amount, and payment of any future cash dividends on shares of the Company’s common stock will be at the discretion of the Board.

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Basis of Presentation and Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Basis of presentation

Basis of presentation: The consolidated financial statements of the Company have been prepared in accordance with SEC regulations and GAAP for interim financial information and, accordingly, do not include all information and note disclosures required by GAAP for complete financial statements. The interim financial statements in this Quarterly Report on Form 10-Q have not been audited by an independent registered public accounting firm in accordance with standards of the Public Company Accounting Oversight Board (United States), but in the opinion of management, the interim financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position, results of operations, and cash flows in accordance with GAAP. These consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as filed with the SEC.

Significant accounting policies

Significant accounting policies: The following is a description of significant accounting policies used in preparing the financial statements. The accounting and reporting policies of the Company are in accordance with GAAP.

Principles of consolidation

Principles of consolidation: The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Company operates through a separate wholly owned subsidiary in each state. The Company also consolidates VIEs when it is considered to be the primary beneficiary of the VIE because it has (i) power over the significant activities of the VIE and (ii) the obligation to absorb losses or the right to receive returns that could be significant to the VIE.

Variable interest entities

Variable interest entities: The Company transfers pools of loans to SPEs to secure debt for general funding purposes. These entities have the limited purpose of acquiring finance receivables, in addition to holding and making payments on the related debts. Assets transferred to each SPE are legally isolated from the Company and its affiliates, as well as the claims of the Company’s and its affiliates’ creditors. Further, the assets of each SPE are owned by such SPE and are not available to satisfy the debts or other obligations of the Company or any of its affiliates. The Company continues to service the finance receivables transferred to the SPEs. The lenders and investors in the debt issued by the SPEs generally only have recourse to the assets of the SPEs and do not have recourse to the general credit of the Company.

The SPEs’ debt arrangements are structured to provide credit enhancements to the lenders and investors, which may include overcollateralization, subordination of interests, excess spread, and reserve funds. These enhancements, along with the isolated finance receivables pools, increase the creditworthiness of the SPEs above that of the Company as a whole. This increases the marketability of the Company’s collateral for borrowing purposes, leading to more favorable borrowing terms, improved interest rate risk management, and additional flexibility to grow the business.

The SPEs are considered VIEs under GAAP and are consolidated into the financial statements of their primary beneficiary. The Company is considered to be the primary beneficiary of the SPEs because it has (i) power over the significant activities through its role as servicer of the finance receivables under each debt arrangement, (ii) the obligation to absorb losses that could be significant through note investment, if applicable, and (iii) the obligation to absorb losses or the right to receive returns that could be significant through the Company’s interest in the monthly residual cash flows of the SPEs.

Consolidation of VIEs results in these transactions being accounted for as secured borrowings; therefore, the pooled receivables and the related debts remain on the consolidated balance sheet of the Company. Each debt is secured solely by the assets of the VIEs and not by any other assets of the Company. The assets of the VIEs are the only source of funds for repayment on each debt, and restricted cash held by the VIEs can only be used to support payments on the debt. The Company recognizes revenue and provision for credit losses on the finance receivables of the VIEs and interest expense on the related secured debt.

Use of estimates

Use of estimates: The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and disclosure of contingent assets and liabilities for the periods indicated in the financial statements. Actual results could differ from those estimates.

Estimates that are susceptible to change relate to the determination of the allowance for credit losses, the valuation of deferred tax assets and liabilities, and the fair value of financial instruments.

Recent accounting pronouncements

Recent accounting pronouncements: In November 2023, the FASB issued ASU 2023-07, improving the disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. These enhanced disclosures require reporting of incremental segment information on an annual and interim basis for all public entities, including public entities with only one reportable segment, to enable investors to develop more decision-useful financial analyses. The amendments in this update are effective for annual periods beginning after December 15, 2023 and interim periods within annual periods beginning after December 15, 2024, and early adoption is permitted. The segment reporting guidance should be applied retrospectively to all prior periods presented in the financial statements, and upon transition, the expense categories and amounts disclosed in the prior periods should be based on the significant segment expense categories identified and disclosed in the period of adoption. The Company is currently evaluating the impact of this update on its consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09, enhancing the transparency and decision usefulness of income tax disclosures. The amendment, among other things, improves transparency of income tax disclosures by requiring more consistent categories and greater disaggregation of information in rate reconciliations, and disaggregation of income taxes paid by jurisdiction. The amendments in this update are effective for annual periods beginning after December 15, 2024, and early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The income tax guidance should be applied on a prospective basis, however, retrospective application is permitted. The Company is currently evaluating the impact of this update on its consolidated financial statements.

Net finance receivables

Net finance receivables: Generally, the Company classifies finance receivables as held for investment based on management’s intent at the time of origination. The Company determines classification on a receivable-by-receivable basis. The Company classifies finance receivables as held for investment due to its ability and intent to hold them until their contractual maturities. Net finance receivables consist of the Company’s installment loans. The Company carries net finance receivables at amortized cost, which includes remaining principal balance, accrued interest, and net unamortized deferred origination costs and unamortized fees.

Loan renewals are a significant piece of new volume and are considered a terminal event of the previous loan. The Company may renew delinquent secured or unsecured loan accounts if the customer meets the Company’s underwriting criteria and it does not appear the cause of past delinquency will affect the customer’s ability to repay the renewed loan.

Finance receivable origination fees and costs

Finance receivable origination fees and costs: Non-refundable fees received and direct costs (personnel and digital loan origination costs) incurred for the origination of finance receivables are deferred and recognized to interest income over their contractual lives using the constant yield method. Unamortized amounts are recognized in interest income at the time that finance receivables are paid in full, renewed, or charged off.

Nonaccrual status

Nonaccrual status: Accrual of interest income on finance receivables is suspended when an account becomes 90 days delinquent. If the account is charged off, the accrued interest income is reversed as a reduction of interest and fee income. Interest received on such loans is accounted for on the cash-basis method, until qualifying for return to accrual. Under the cash-basis method, interest income is recorded when the payment is received. Loans resume accruing interest when the past due status is brought below 90 days. The Company made a policy election to not record an allowance for credit losses related to accrued interest because it has nonaccrual and charge-off policies that result in the timely suspension and reversal of accrued interest.

Allowance for credit losses

Allowance for credit losses: The allowance for credit losses is based on historical credit experience, current conditions, and reasonable and supportable economic forecasts. The historical loss experience is adjusted for quantitative and qualitative factors that are not fully reflected in the historical data. In determining its estimate of expected credit losses, the Company evaluates information related to credit metrics, changes in its lending strategies and underwriting practices, and the current and forecasted direction of the economic and business environment. These metrics include, but are not limited to, loan portfolio mix and growth, unemployment, credit loss trends, delinquency trends, changes in underwriting, and operational risks.

The Company selected a PD / LGD model to estimate its base allowance for credit losses, in which the estimated loss is equal to the product of PD and LGD. Historical net finance receivables are tracked over the term of the pools to identify the incidences of loss (PDs) and the average severity of losses (LGDs).

To enhance the precision of the allowance for credit loss estimate, the Company evaluates its finance receivable portfolio on a pool basis and segments each pool of finance receivables with similar credit risk characteristics. As part of its evaluation, the Company considers loan portfolio characteristics such as product type, loan size, loan term, internal or external credit scores, delinquency status, geographical location, and vintage. Based on analysis of historical loss experience, the Company selected the following segmentation: product type, FICO score, and delinquency status.

As finance receivables are originated, provisions for credit losses are recorded in amounts sufficient to maintain an allowance for credit losses at an adequate level to provide for estimated losses over the contractual life of the finance receivables (considering the effect of prepayments). Subsequent changes to the contractual terms that are a result of re-underwriting are not included in the finance receivable’s contractual life (considering the effect of prepayments). The Company uses its segmentation loss experience to forecast expected credit losses. Historical information about losses generally provides a basis for the estimate of expected credit losses. The Company also considers the need to adjust historical information to reflect the extent to which current conditions differ from the conditions that existed for the period over which historical information was evaluated. These adjustments to historical loss information may be qualitative or quantitative in nature.

Reasonable and supportable macroeconomic forecasts are required for the Company’s allowance for credit loss model. The Company engaged a major rating service to assist with compiling a reasonable and supportable forecast. The Company reviews macroeconomic forecasts to use in its allowance for credit losses. The Company adjusts the historical loss experience by relevant qualitative factors for these expectations. The Company does not require reversion adjustments, as the contractual lives of its portfolio are shorter than its available forecast periods.

The Company charges credit losses against the allowance for all products when an account reaches 180 days contractually delinquent, subject to certain exceptions. The Company’s customer accounts without a lien on a vehicle in a confirmed bankruptcy are charged off in the month following the bankruptcy notification or at 60 days contractually delinquent, subject to certain exceptions. Deceased borrower accounts are charged off in the month following the proper notification of passing, with the exception of borrowers with credit life insurance. Subsequent recoveries of amounts charged off, if any, are credited to the allowance.

Restricted cash

Restricted cash: Restricted cash includes cash and cash equivalents for which the Company’s ability to withdraw funds is contractually limited. The Company’s restricted cash consists of cash reserves that are maintained as collateral for potential credit life insurance claims and cash restricted for debt servicing of the Company’s revolving warehouse credit facilities and securitizations.

Restricted available-for-sale investments

Restricted available-for-sale investments: The Company classifies its investments in debt securities that were purchased with the Company’s restricted cash as restricted available-for-sale investments and carries the investments at fair value. Unrealized gains and losses, net of taxes, are excluded from earnings and reported in other comprehensive income or loss until realized. The unrealized gains and losses, net of taxes, are recorded on the consolidated balance sheet in accumulated other comprehensive income or loss in stockholders’ equity. Realized gains and losses from the sale of available-for-sale investments are specifically identified and reclassified from accumulated other comprehensive income or loss and included within earnings on the consolidated statement of income.

Share-based compensation

Share-based compensation: The Company measures compensation cost for share-based awards at estimated fair value and recognizes compensation expense over the service period for awards expected to vest. The Company uses the closing stock price on the date of grant as the fair value of RSAs, performance-contingent RSUs, and service-based RSUs. The fair value of NQSOs is determined using the Black-Scholes valuation model, and the fair value of PRSUs is determined using the Monte Carlo valuation model. The Black-Scholes and Monte Carlo models require the input of assumptions, including expected volatility, expected dividends, expected term, risk-free interest rate, and a discount associated with post-vest holding restrictions, changes to which can affect the fair value estimate. Expected volatility is based on the Company’s historical stock price volatility. Expected dividends are calculated using the expected dividend yield (annualized dividends divided by the grant date stock price). The expected term is calculated by using the simplified method (average of the vesting and original contractual terms) due to insufficient historical data to estimate the expected term. The risk-free rate is based on the zero-coupon U.S. Treasury bond rate over the expected term of the awards. The estimated discount associated with post-vest holding restrictions is calculated using a blend of the Finnerty and Chaffe models. In addition, the estimation of share-based awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from current estimates, such amounts will be recorded as a cumulative adjustment in the period estimates are revised.

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Finance Receivables, Credit Quality Information, and Allowance for Credit Losses (Tables)

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Summary of Net Finance Receivables

Net finance receivables for the periods indicated consisted of the following:

Dollars in thousands	June 30, 2024		December 31, 2023
Large loans	$	1,266,032	$	1,274,137
Small loans		505,640		493,473
Retail loans		2,071		3,800
Net finance receivables	$	1,773,743	$	1,771,410

Summary of Financing Receivable Credit Quality Indicators

Net finance receivables by product, FICO band at origination, and origination year as of June 30, 2024 are as follows:

	Net Finance Receivables by Origination Year
Dollars in thousands	2024		2023		2022		2021		2020		Prior		Total Net Finance Receivables
Large Loans:
FICO Band
1	$	47,762	$	58,131	$	18,964	$	6,212	$	1,431	$	665	$	133,165
2		29,083		31,972		10,225		3,083		454		191		75,008
3		47,051		58,352		27,902		8,357		946		158		142,766
4		65,416		83,193		41,088		11,697		1,618		230		203,242
5		69,913		90,889		45,146		14,545		1,906		134		222,533
6		148,723		211,954		96,478		28,250		3,752		161		489,318
Total large loans	$	407,948	$	534,491	$	239,803	$	72,144	$	10,107	$	1,539	$	1,266,032
Small Loans:
FICO Band
1	$	42,607	$	29,277	$	4,291	$	656	$	86	$	41	$	76,958
2		19,202		14,657		2,078		209		9		10		36,165
3		30,526		24,420		2,688		206		9		4		57,853
4		40,140		32,666		3,170		186		6		7		76,175
5		44,373		39,626		4,648		166		4		4		88,821
6		89,227		71,556		8,648		227		5		5		169,668
Total small loans	$	266,075	$	212,202	$	25,523	$	1,650	$	119	$	71	$	505,640
Retail Loans:
FICO Band
1	$	—	$	1	$	1	$	—	$	1	$	2	$	5
2		—		—		119		10		—		1		130
3		—		—		355		84		—		1		440
4		—		—		411		155		7		5		578
5		—		—		302		126		3		4		435
6		—		—		330		147		5		1		483
Total retail loans	$	—	$	1	$	1,518	$	522	$	16	$	14	$	2,071
Total Loans:
FICO Band
1	$	90,369	$	87,409	$	23,256	$	6,868	$	1,518	$	708	$	210,128
2		48,285		46,629		12,422		3,302		463		202		111,303
3		77,577		82,772		30,945		8,647		955		163		201,059
4		105,556		115,859		44,669		12,038		1,631		242		279,995
5		114,286		130,515		50,096		14,837		1,913		142		311,789
6		237,950		283,510		105,456		28,624		3,762		167		659,469
Total loans	$	674,023	$	746,694	$	266,844	$	74,316	$	10,242	$	1,624	$	1,773,743

Net finance receivables by product, FICO band at origination, and origination year as of December 31, 2023 are as follows:

	Net Finance Receivables by Origination Year
Dollars in thousands	2023		2022		2021		2020		2019		Prior		Total Net Finance Receivables
Large Loans:
FICO Band
1	$	83,107	$	28,068	$	9,542	$	2,510	$	980	$	347	$	124,554
2		46,855		16,964		5,342		1,077		309		83		70,630
3		86,191		45,778		14,999		2,201		316		66		149,551
4		120,054		65,753		20,712		3,481		592		55		210,647
5		128,901		69,706		23,779		4,043		496		22		226,947
6		291,795		144,663		46,630		7,936		732		52		491,808
Total large loans	$	756,903	$	370,932	$	121,004	$	21,248	$	3,425	$	625	$	1,274,137
Small Loans:
FICO Band
1	$	64,664	$	10,459	$	1,625	$	172	$	68	$	18	$	77,006
2		31,289		5,886		724		36		11		9		37,955
3		51,222		8,099		717		31		6		1		60,076
4		65,743		10,074		679		19		10		3		76,528
5		74,207		13,838		632		14		4		1		88,696
6		126,400		25,679		1,111		15		5		2		153,212
Total small loans	$	413,525	$	74,035	$	5,488	$	287	$	104	$	34	$	493,473
Retail Loans:
FICO Band
1	$	1	$	—	$	2	$	1	$	1	$	5	$	10
2		—		213		30		—		—		—		243
3		—		634		211		3		1		1		850
4		—		650		352		36		—		4		1,042
5		—		508		278		24		—		4		814
6		—		524		286		28		2		1		841
Total retail loans	$	1	$	2,529	$	1,159	$	92	$	4	$	15	$	3,800
Total Loans:
FICO Band
1	$	147,772	$	38,527	$	11,169	$	2,683	$	1,049	$	370	$	201,570
2		78,144		23,063		6,096		1,113		320		92		108,828
3		137,413		54,511		15,927		2,235		323		68		210,477
4		185,797		76,477		21,743		3,536		602		62		288,217
5		203,108		84,052		24,689		4,081		500		27		316,457
6		418,195		170,866		48,027		7,979		739		55		645,861
Total loans	$	1,170,429	$	447,496	$	127,651	$	21,627	$	3,533	$	674	$	1,771,410

Credit losses by product and origination year for the six months ended June 30, 2024 and 2023, respectively, are as follows:

	Credit Losses by Origination Year
Dollars in thousands	2024		2023		2022		2021		2020		Prior		Total Credit Losses
Large loans	$	280	$	33,165	$	25,664	$	7,228	$	1,012	$	319	$	67,668
Small loans		364		30,172		8,416		674		34		18		39,678
Retail loans		—		—		291		154		11		4		460
Total loans	$	644	$	63,337	$	34,371	$	8,056	$	1,057	$	341	$	107,806

	Credit Losses by Origination Year
Dollars in thousands	2023		2022		2021		2020		2019		Prior		Total Credit Losses
Large loans	$	243	$	35,477	$	21,693	$	3,207	$	970	$	168	$	61,758
Small loans		196		31,402		7,711		475		41		3		39,828
Retail loans		—		328		233		47		22		2		632
Total loans	$	439	$	67,207	$	29,637	$	3,729	$	1,033	$	173	$	102,218

Amortized Cost Basis in Past-Due Loans

The contractual delinquency of the net finance receivables portfolio by product and aging for the periods indicated are as follows:

	June 30, 2024
	Large					Small					Retail					Total
Dollars in thousands	$		%			$		%			$		%			$		%
Current	$	1,081,617		85.5	%	$	414,192		81.9	%	$	1,410		68.0	%	$	1,497,219		84.4	%
1 to 29 days past due		107,983		8.5	%		45,433		9.0	%		372		18.0	%		153,788		8.7	%
Delinquent accounts
30 to 59 days		22,025		1.7	%		12,822		2.6	%		77		3.7	%		34,924		1.9	%
60 to 89 days		17,373		1.4	%		10,261		2.0	%		55		2.7	%		27,689		1.6	%
90 to 119 days		13,407		1.1	%		8,135		1.6	%		65		3.1	%		21,607		1.2	%
120 to 149 days		11,825		0.9	%		7,471		1.5	%		37		1.8	%		19,333		1.1	%
150 to 179 days		11,802		0.9	%		7,326		1.4	%		55		2.7	%		19,183		1.1	%
Total delinquency	$	76,432		6.0	%	$	46,015		9.1	%	$	289		14.0	%	$	122,736		6.9	%
Total net finance receivables	$	1,266,032		100.0	%	$	505,640		100.0	%	$	2,071		100.0	%	$	1,773,743		100.0	%
Net finance receivables in nonaccrual status	$	40,509		3.2	%	$	24,557		4.9	%	$	183		8.8	%	$	65,249		3.7	%

	December 31, 2023
	Large					Small					Retail					Total
Dollars in thousands	$		%			$		%			$		%			$		%
Current	$	1,084,518		85.1	%	$	406,203		82.4	%	$	2,620		69.0	%	$	1,493,341		84.3	%
1 to 29 days past due		109,483		8.6	%		45,119		9.1	%		594		15.6	%		155,196		8.8	%
Delinquent accounts
30 to 59 days		22,587		1.7	%		12,053		2.4	%		116		3.1	%		34,756		1.9	%
60 to 89 days		19,844		1.6	%		11,253		2.3	%		115		3.0	%		31,212		1.8	%
90 to 119 days		16,951		1.3	%		10,030		2.0	%		126		3.2	%		27,107		1.5	%
120 to 149 days		10,938		0.9	%		4,247		0.9	%		132		3.5	%		15,317		0.9	%
150 to 179 days		9,816		0.8	%		4,568		0.9	%		97		2.6	%		14,481		0.8	%
Total delinquency	$	80,136		6.3	%	$	42,151		8.5	%	$	586		15.4	%	$	122,873		6.9	%
Total net finance receivables	$	1,274,137		100.0	%	$	493,473		100.0	%	$	3,800		100.0	%	$	1,771,410		100.0	%
Net finance receivables in nonaccrual status	$	44,627		3.5	%	$	21,850		4.4	%	$	394		10.4	%	$	66,871		3.8	%

Reconciliations of Allowance for Credit Losses

The following are reconciliations of the allowance for credit losses by product for the three and six months ended June 30, 2024 and 2023:

Dollars in thousands	Large			Small			Retail			Total
Beginning balance at April 1, 2024	$	126,528		$	60,142		$	430		$	187,100
Provision for credit losses		31,493			22,271			38			53,802
Credit losses		(35,957	)		(22,490	)		(166	)		(58,613	)
Recoveries		1,914			1,175			22			3,111
Ending balance at June 30, 2024	$	123,978		$	61,098		$	324		$	185,400
Net finance receivables at June 30, 2024	$	1,266,032		$	505,640		$	2,071		$	1,773,743
Allowance as percentage of net finance receivables at June 30, 2024		9.8	%		12.1	%		15.6	%		10.5	%

Dollars in thousands	Large			Small			Retail			Total
Beginning balance at April 1, 2023	$	120,382		$	62,112		$	1,306		$	183,800
Provision for credit losses		33,556			18,759			236			52,551
Credit losses		(33,661	)		(23,448	)		(500	)		(57,609	)
Recoveries		1,596			1,045			17			2,658
Ending balance at June 30, 2023	$	121,873		$	58,468		$	1,059		$	181,400
Net finance receivables at June 30, 2023	$	1,238,031		$	444,590		$	6,316		$	1,688,937
Allowance as percentage of net finance receivables at June 30, 2023		9.8	%		13.2	%		16.8	%		10.7	%

Dollars in thousands	Large			Small			Retail			Total
Beginning balance at January 1, 2024	$	127,992		$	58,736		$	672		$	187,400
Provision for credit losses		60,148			40,000			77			100,225
Credit losses		(67,668	)		(39,678	)		(460	)		(107,806	)
Recoveries		3,506			2,040			35			5,581
Ending balance at June 30, 2024	$	123,978		$	61,098		$	324		$	185,400
Net finance receivables at June 30, 2024	$	1,266,032		$	505,640		$	2,071		$	1,773,743
Allowance as percentage of net finance receivables at June 30, 2024		9.8	%		12.1	%		15.6	%		10.5	%

Dollars in thousands	Large			Small			Retail			Total
Beginning balance at January 1, 2023	$	119,592		$	57,915		$	1,293		$	178,800
Provision for credit losses		61,265			38,578			376			100,219
Credit losses		(61,758	)		(39,828	)		(632	)		(102,218	)
Recoveries		2,774			1,803			22			4,599
Ending balance at June 30, 2023	$	121,873		$	58,468		$	1,059		$	181,400
Net finance receivables at June 30, 2023	$	1,238,031		$	444,590		$	6,316		$	1,688,937
Allowance as percentage of net finance receivables at June 30, 2023		9.8	%		13.2	%		16.8	%		10.7	%

The Company uses certain loan modification programs for borrowers experiencing financial difficulties as a loss mitigation strategy to improve collectability of the loans and assist customers through financial setbacks. The programs consist of offering payment deferrals, interest rate reductions, term extensions, and, in limited instances, settlements. Customers may also pursue financial assistance through external sources, such as filing for bankruptcy protection. Modification programs available to our customers are described in more detail below:

Modifications Made to Borrowers Experiencing Financial Difficulty

The information relating to modifications made to borrowers experiencing financial difficulty for the periods indicated are as follows:

	As of and for the Three Months Ended June 30, 2024
	Large					Small					Total
Dollars in thousands	$		%			$		%			$		%
Interest rate reduction & term extension	$	2,635		0.2	%	$	461		0.1	%	$	3,096		0.2	%
Term extension		2,117		0.2	%		438		0.1	%		2,555		0.1	%
Interest rate reduction		651		0.1	%		179		—			830		—
Principal forgiveness, interest rate reduction, & term extension		162		—			7		—			169		—
Total	$	5,565		0.4	%	$	1,085		0.2	%	$	6,650		0.4	%

	As of and for the Three Months Ended June 30, 2023
	Large					Small					Total
Dollars in thousands	$		%			$		%			$		%
Interest rate reduction & term extension	$	3,162		0.3	%		678		0.2	%	$	3,840		0.2	%
Principal forgiveness, interest rate reduction, & term extension		109		—			16		—			125		—
Total	$	3,271		0.3	%	$	694		0.2	%	$	3,965		0.2	%

	As of and for the Six Months Ended June 30, 2024
	Large					Small					Total
Dollars in thousands	$		%			$		%			$		%
Interest rate reduction & term extension	$	6,111		0.5	%	$	1,051		0.2	%	$	7,162		0.4	%
Term extension		2,496		0.2	%		538		0.1	%		3,034		0.2	%
Interest rate reduction		699		0.1	%		181		—			880		—
Principal forgiveness, interest rate reduction, & term extension		287		—			19		—			306		—
Total	$	9,593		0.8	%	$	1,789		0.4	%	$	11,382		0.6	%

	As of and for the Six Months Ended June 30, 2023
	Large					Small					Total
Dollars in thousands	$		%			$		%			$		%
Interest rate reduction & term extension	$	7,706		0.6	%		1,568		0.4	%	$	9,274		0.5	%
Principal forgiveness, interest rate reduction, & term extension		131		—			19		—			150		—
Total	$	7,837		0.6	%	$	1,587		0.4	%	$	9,424		0.6	%

Summary of Financial Effects of Borrowers Experiencing Financial Difficulty

The financial effects of the modifications made to borrowers experiencing financial difficulty for the periods indicated are as follows:

	Three Months Ended June 30, 2024
Loan Modification	Product	Financial Effect
Principal forgiveness	Large loans	Reduced the amortized cost basis of the loans by $0.3 million.
	Small loans	Reduced the amortized cost basis of the loans by $0.1 million.
Interest rate reduction	Large loans	Reduced the weighted-average contractual interest rate by 9.6%.
	Small loans	Reduced the weighted-average contractual interest rate by 17.6%.
Term extension	Large loans	Added a weighted-average 1.1 years to the life of loans.
	Small loans	Added a weighted-average 1.0 years to the life of loans.

	Three Months Ended June 30, 2023
Loan Modification	Product	Financial Effect
Principal forgiveness	Large loans	Reduced the amortized cost basis of the loans by $0.3 million.
	Small loans	Reduced the amortized cost basis of the loans by $0.2 million.
Interest rate reduction	Large loans	Reduced the weighted-average contractual interest rate by 10.0%.
	Small loans	Reduced the weighted-average contractual interest rate by 14.6%.
Term extension	Large loans	Added a weighted-average 1.4 years to the life of loans.
	Small loans	Added a weighted-average 1.3 years to the life of loans.

	Six Months Ended June 30, 2024
Loan Modification	Product	Financial Effect
Principal forgiveness	Large loans	Reduced the amortized cost basis of the loans by $0.6 million.
	Small loans	Reduced the amortized cost basis of the loans by $0.3 million.
Interest rate reduction	Large loans	Reduced the weighted-average contractual interest rate by 8.4%.
	Small loans	Reduced the weighted-average contractual interest rate by 15.5%.
Term extension	Large loans	Added a weighted-average 1.3 years to the life of loans.
	Small loans	Added a weighted-average 1.2 years to the life of loans.

	Six Months Ended June 30, 2023
Loan Modification	Product	Financial Effect
Principal forgiveness	Large loans	Reduced the amortized cost basis of the loans by $0.5 million.
	Small loans	Reduced the amortized cost basis of the loans by $0.3 million.
Interest rate reduction	Large loans	Reduced the weighted-average contractual interest rate by 11.3%.
	Small loans	Reduced the weighted-average contractual interest rate by 13.5%.
Term extension	Large loans	Added a weighted-average 1.4 years to the life of loans.
	Small loans	Added a weighted-average 1.3 years to the life of loans.

Summary of Amortized Cost Basis for Modifications Made to Borrowers Experiencing Financial Difficulty Subsequently Defaulted

The following table provides the amortized cost basis for modifications made to borrowers experiencing financial difficulty within the previous twelve months that subsequently defaulted. The Company defines payment default as 90 days past due for this disclosure. The respective amounts for each modification for the periods indicated are as follows:

	As of and for the Three Months Ended June 30, 2024
Dollars in thousands	Large		Small		Total
Interest rate reduction & term extension	$	1,141	$	235	$	1,376
Term extension		45		15		60
Principal forgiveness, interest rate reduction, & term extension		26		—		26
Total	$	1,212	$	250	$	1,462

	As of and for the Three Months Ended June 30, 2023
Dollars in thousands	Large		Small		Total
Interest rate reduction & term extension	$	301	$	70	$	371
Total	$	301	$	70	$	371

	As of and for the Six Months Ended June 30, 2024
Dollars in thousands	Large		Small		Total
Interest rate reduction & term extension	$	1,453	$	278	$	1,731
Term extension		53		16		69
Principal forgiveness, interest rate reduction, & term extension		27		4		31
Total	$	1,533	$	298	$	1,831

	As of and for the Six Months Ended June 30, 2023
Dollars in thousands	Large		Small		Total
Interest rate reduction & term extension	$	301	$	70	$	371
Total	$	301	$	70	$	371

Summary of Contractual Delinquencies of Loans

The contractual delinquencies of loans that were modified to borrowers experiencing financial difficulty within the previous twelve months for the period indicated are as follows:

	June 30, 2024
Dollars in thousands	Large		Small		Total
Current	$	12,113	$	2,071	$	14,184
30 - 89 days past due		2,000		387		2,387
90+ days past due		1,066		253		1,319
Total (1)	$	15,179	$	2,711	$	17,890

(1) Excludes modified finance receivables that subsequently charged off of $1.5 million and $0.3 million in large and small loans, respectively.

The contractual delinquencies of loans that were modified to borrowers experiencing financial difficulty on or after January 1, 2023 for the period indicated are as follows:

	June 30, 2023
Dollars in thousands	Large		Small		Total
Current	$	6,819	$	1,314	$	8,133
30 - 89 days past due		817		229		1,046
90+ days past due		201		44		245
Total (1)	$	7,837	$	1,587	$	9,424

(1) Excludes modified finance receivables that subsequently charged off of $39 thousand and $5 thousand in large and small loans, respectively.

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Restricted Available-for-Sale Investments (Tables)

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Reconciliation of Restricted Available-for-sale Investments

The following tables reconcile the amortized cost, gross unrealized gains and losses included in accumulated other comprehensive income or loss, and estimated fair value of the Company’s restricted available-for-sale investments as of the periods indicated:

	June 30, 2024
Dollars in thousands	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Restricted investments	$	2,206	$	—	$	(49	)	$	2,157

	December 31, 2023
Dollars in thousands	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Restricted investments	$	23,211	$	1	$	(472	)	$	22,740

Summary of Gross Unrealized Losses And Estimated Fair Values of Restricted Available-For-Sale Investments

The following tables include the gross unrealized losses and estimated fair values of restricted available-for-sale investments that were in a continuous unrealized loss position, for which no allowance for credit loss has been recorded, as of the periods indicated:

	June 30, 2024
	Less than 12 Months				12 Months or Longer					Total
Dollars in thousands	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses
Restricted investments	$	—	$	—	$	2,157	$	(49	)	$	2,157	$	(49	)

	December 31, 2023
	Less than 12 Months				12 Months or Longer					Total
Dollars in thousands	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses			Estimated Fair Value		Gross Unrealized Losses
Restricted investments	$	—	$	—	$	18,633	$	(472	)	$	18,633	$	(472	)

Summary of Amortized Cost And Estimated Fair Values of Restricted Available-For-Sale Investments by Contractual Maturity

The following table includes the amortized cost and estimated fair values of restricted available-for-sale investments by contractual maturity as of the periods indicated:

	June 30, 2024
Dollars in thousands	Amortized Cost		Estimated Fair Value
Due in one year	$	2,206	$	2,157
Due within one year to five years		—		—
Due within five years to ten years		—		—
Due after ten years		—		—
Total restricted available-for-sale investments	$	2,206	$	2,157

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Debt (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Summary of the Company's Debt

The following is a summary of the Company’s debt as of the periods indicated:

	June 30, 2024							December 31, 2023
Dollars in thousands	Debt		Unamortized Debt Issuance Costs (1)			Net Debt		Debt		Unamortized Debt Issuance Costs (1)			Net Debt
Senior revolving credit facility	$	145,701	$	(709	)	$	144,992	$	195,462	$	(606	)	$	194,856
RMR IV revolving warehouse credit facility		10		—			10		3,197		—			3,197
RMR V revolving warehouse credit facility		13,122		—			13,122		26,718		—			26,718
RMR VI revolving warehouse credit facility		4,744		—			4,744		15,953		—			15,953
RMR VII revolving warehouse credit facility		3,503		—			3,503		4,216		—			4,216
RMIT 2020-1 securitization		84,600		—			84,600		145,290		—			145,290
RMIT 2021-1 securitization		178,886		—			178,886		248,915		(141	)		248,774
RMIT 2021-2 securitization		200,191		(892	)		199,299		200,192		(1,106	)		199,086
RMIT 2021-3 securitization		125,202		(707	)		124,495		125,202		(864	)		124,338
RMIT 2022-1 securitization		250,374		(566	)		249,808		250,374		(991	)		249,383
RMIT 2022-2B securitization		184,295		(348	)		183,947		184,295		(870	)		183,425
RMIT 2024-1 securitization		187,821		(2,394	)		185,427		—		—			—
Total	$	1,378,449	$	(5,616	)	$	1,372,833	$	1,399,814	$	(4,578	)	$	1,395,236
Unused amount of revolving credit facilities (subject to borrowing base)	$	564,384						$	551,508

(1) Unamortized debt issuance costs related to the revolving warehouse credit facilities are presented within other assets in the consolidated balance sheets. These credit facilities had $2.0 million and $2.4 million in such costs as of June 30, 2024 and December 31, 2023, respectively.

Summary of Presents the Assets and Liabilities

The following table presents the assets and liabilities of our consolidated VIEs:

Dollars in thousands	(Unaudited) June 30, 2024			December 31, 2023
Assets
Cash	$	380		$	378
Net finance receivables		1,308,676			1,278,568
Allowance for credit losses		(134,533	)		(133,207	)
Restricted cash		118,031			123,899
Other assets		2,967			2,880
Total assets	$	1,295,521		$	1,272,518
Liabilities
Net debt	$	1,227,841		$	1,200,380
Accounts payable and accrued expenses		33			218
Total liabilities	$	1,227,874		$	1,200,598

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Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2024

Stockholders' Equity Note [Abstract]

Schedule of Dividends Declared Per Share of Common Stock

The following table presents the dividends declared per share of common stock for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Dividends declared per common share	$	0.30	$	0.30	$	0.60	$	0.60

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Disclosure About Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2024

Carrying Amount and Estimated Fair Values of Company's Financial Instruments

The following table includes the carrying amounts and estimated fair values of financial assets and liabilities disclosed but not carried at fair value:

	June 30, 2024				December 31, 2023
Dollars in thousands	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Level 1
Cash	$	4,323	$	4,323	$	4,509	$	4,509
Restricted cash		138,891		138,891		124,164		124,164
Level 3
Net finance receivables, less unearned insurance    premiums and allowance for credit losses		1,542,262		1,587,671		1,536,118		1,603,737
Liabilities
Level 3
Debt		1,378,449		1,321,563		1,399,814		1,308,349

Fair Value, Recurring

Carrying Amount and Estimated Fair Values of Company's Financial Instruments

The following table includes the carrying amounts and estimated fair values of amounts the Company measures at fair value on a recurring basis:

	June 30, 2024				December 31, 2023
Dollars in thousands	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Level 2
Restricted available-for-sale investments		2,157		2,157		22,740		22,740

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Income Taxes (Tables)

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Income Taxes

The following table summarizes the components of income taxes for the periods indicated:

	Three Months Ended June 30,					Six Months Ended June 30,
Dollars in thousands	2024			2023		2024			2023
Provision for corporate taxes	$	2,814		$	1,758	$	7,600		$	4,660
Discrete tax (benefits) deficiencies		(37	)		32		(95	)		46
Total income taxes	$	2,777		$	1,790	$	7,505		$	4,706

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per share amounts	2024		2023		2024		2023
Numerator:
Net income	$	8,445	$	6,023	$	23,650	$	14,712
Denominator:
Weighted-average shares outstanding for basic earnings per share		9,613		9,399		9,591		9,363
Effect of dilutive securities		250		167		214		232
Weighted-average shares adjusted for dilutive securities		9,863		9,566		9,805		9,595
Earnings per share:
Basic	$	0.88	$	0.64	$	2.47	$	1.57
Diluted	$	0.86	$	0.63	$	2.41	$	1.53

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Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Company's Stock Option Plan Activity

The following table summarizes the stock option activity for the six months ended June 30, 2024:

Dollars and shares in thousands, except per share amounts	Number of Shares		Weighted-Average Exercise Price Per Share		Weighted-Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Options outstanding at January 1, 2024		509	$	23.32
Granted		—		—
Exercised		—		—
Forfeited		—		—
Expired		—		—
Options outstanding at June 30, 2024		509	$	23.32		4.4	$	3,004
Options exercisable at June 30, 2024		509	$	23.32		4.4	$	3,004

Summary of Additional Stock Option Information

The following table provides additional stock option information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per share amounts	2024		2023		2024		2023
Weighted-average grant date fair value per share	$	—	$	—	$	—	$	—
Intrinsic value of options exercised	$	—	$	277	$	—	$	277
Fair value of stock options that vested	$	—	$	—	$	—	$	—

Award Grant Fair Value Assumptions

The following are the weighted-average assumptions for the PRSU grants during the periods indicated below:

	Six Months Ended June 30,
	2024			2023
Expected volatility		42.48	%		40.18	%
Expected dividends		2.30	%		2.24	%
Risk-free rate		5.21	%		5.21	%
Discount for post-vesting restrictions		9.19	%		8.48	%

Summary of PRSU Activity

The following table summarizes PRSU activity during the six months ended June 30, 2024:

Dollars and units in thousands, except per unit amounts	Units		Weighted-Average Grant Date Fair Value Per Unit
Non-vested units at January 1, 2024		175	$	39.94
Granted		136		26.21
Achieved performance adjustment		—		—
Vested		—		—
Forfeited		—		—
Non-vested units at June 30, 2024		311	$	33.93

Summary of Additional PRSU Information

The following table provides additional PRSU information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per unit amounts	2024		2023		2024		2023
Weighted-average grant date fair value per unit	$	26.21	$	32.40	$	26.21	$	32.40
Fair value of PRSUs that vested	$	—	$	—	$	—	$	—

Summary of Performance-contingent Restricted Stock Units Activity

The following table summarizes performance-contingent RSU activity during the six months ended June 30, 2024:

Dollars and units in thousands, except per unit amounts	Units			Weighted-Average Grant Date Fair Value Per Unit
Non-vested units at January 1, 2024		45		$	30.22
Granted (target)		—			—
Achieved performance adjustment		—			—
Vested		(45	)		30.22
Forfeited		—			—
Non-vested units at June 30, 2024		—		$	—

Summary of Additional Performance-contingent Restricted Stock Units Information

The following table provides additional performance-contingent RSU information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per unit amounts	2024		2023		2024		2023
Weighted-average grant date fair value per unit	$	—	$	—	$	—	$	—
Fair value of RSUs that vested	$	1,371	$	1,445	$	1,371	$	1,445

Summary of Service-based RSU Activity

The following table summarizes service-based RSU activity during the six months ended June 30, 2024:

Dollars and units in thousands, except per unit amounts	Units		Weighted-Average Grant Date Fair Value Per Unit
Non-vested units at January 1, 2024		—	$	—
Granted (target)		53		28.20
Vested		—		—
Forfeited		—		—
Non-vested units at June 30, 2024		53	$	28.20

Summary of Additional Service-based RSU Information

The following table provides additional service-based RSU information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per unit amounts	2024		2023		2024		2023
Weighted-average grant date fair value per unit	$	28.20	$	—	$	28.20	$	—
Fair value of RSUs that vested	$	—	$	—	$	—	$	—

Summary of RSA Activity

The following table summarizes RSA activity during the six months ended June 30, 2024:

Dollars and shares in thousands, except per share amounts	Shares			Weighted-Average Grant Date Fair Value Per Share
Non-vested shares at January 1, 2024		190		$	35.89
Granted		371			28.51
Vested		(39	)		25.71
Forfeited		(2	)		38.21
Non-vested shares at June 30, 2024		520		$	31.37

Summary of Additional RSA Information

The following table provides additional RSA information for the periods indicated:

	Three Months Ended June 30,				Six Months Ended June 30,
Dollars in thousands, except per share amounts	2024		2023		2024		2023
Weighted-average grant date fair value per share	$	28.04	$	28.97	$	28.51	$	34.50
Fair value of RSAs that vested	$	932	$	1,127	$	990	$	1,281

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Nature of Business - Additional Information (Detail)	Jun. 30, 2024 State
Accounting Policies [Abstract]
Number of states	19

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Basis of Presentation and Significant Accounting Policies - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2024
Significant Accounting Policies [Line Items]
Contractual delinquent period of loans	180 days
Bankruptcy delinquency threshold	60 days
Delinquency interest accrual cessation	90 days
Threshold period to write off financing receivable	90 years

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Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Finance Receivables (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net finance receivables	$ 1,773,743	$ 1,771,410	$ 1,688,937
Small Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net finance receivables	505,640	493,473	444,590
Large Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net finance receivables	1,266,032	1,274,137	1,238,031
Retail Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net finance receivables	$ 2,071	$ 3,800	$ 6,316

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Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) Rating	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Net finance receivables included net deferred origination fees	$ 14,200		$ 14,200		$ 15,100
Number of FICO band categories | Rating			6
Modified finance receivables charged off	58,613	$ 57,609	$ 107,806	$ 102,218
Accrued interest reversed as a reduction of interest and fee income	6,500	6,400	11,600	11,100
Small Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Modified finance receivables charged off	22,490	23,448	39,678	39,828
Large Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Modified finance receivables charged off	$ 35,957	$ 33,661	$ 67,668	$ 61,758

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Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Financing Receivable Credit Quality Indicators (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	$ 674,023	$ 1,170,429
2023	746,694	447,496
2022	266,844	127,651
2021	74,316	21,627
2020	10,242	3,533
Prior	1,624	674
Net Finance Receivables	1,773,743	1,771,410	$ 1,688,937
FICO Band 1 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	90,369	147,772
2023	87,409	38,527
2022	23,256	11,169
2021	6,868	2,683
2020	1,518	1,049
Prior	708	370
Net Finance Receivables	210,128	201,570
FICO Band 2 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	48,285	78,144
2023	46,629	23,063
2022	12,422	6,096
2021	3,302	1,113
2020	463	320
Prior	202	92
Net Finance Receivables	111,303	108,828
FICO Band 3 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	77,577	137,413
2023	82,772	54,511
2022	30,945	15,927
2021	8,647	2,235
2020	955	323
Prior	163	68
Net Finance Receivables	201,059	210,477
FICO Band 4 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	105,556	185,797
2023	115,859	76,477
2022	44,669	21,743
2021	12,038	3,536
2020	1,631	602
Prior	242	62
Net Finance Receivables	279,995	288,217
FICO Band 5 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	114,286	203,108
2023	130,515	84,052
2022	50,096	24,689
2021	14,837	4,081
2020	1,913	500
Prior	142	27
Net Finance Receivables	311,789	316,457
FICO Band 6 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	237,950	418,195
2023	283,510	170,866
2022	105,456	48,027
2021	28,624	7,979
2020	3,762	739
Prior	167	55
Net Finance Receivables	659,469	645,861
Small Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	266,075	413,525
2023	212,202	74,035
2022	25,523	5,488
2021	1,650	287
2020	119	104
Prior	71	34
Net Finance Receivables	505,640	493,473	444,590
Small Loans [Member] | FICO Band 1 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	42,607	64,664
2023	29,277	10,459
2022	4,291	1,625
2021	656	172
2020	86	68
Prior	41	18
Net Finance Receivables	76,958	77,006
Small Loans [Member] | FICO Band 2 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	19,202	31,289
2023	14,657	5,886
2022	2,078	724
2021	209	36
2020	9	11
Prior	10	9
Net Finance Receivables	36,165	37,955
Small Loans [Member] | FICO Band 3 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	30,526	51,222
2023	24,420	8,099
2022	2,688	717
2021	206	31
2020	9	6
Prior	4	1
Net Finance Receivables	57,853	60,076
Small Loans [Member] | FICO Band 4 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	40,140	65,743
2023	32,666	10,074
2022	3,170	679
2021	186	19
2020	6	10
Prior	7	3
Net Finance Receivables	76,175	76,528
Small Loans [Member] | FICO Band 5 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	44,373	74,207
2023	39,626	13,838
2022	4,648	632
2021	166	14
2020	4	4
Prior	4	1
Net Finance Receivables	88,821	88,696
Small Loans [Member] | FICO Band 6 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	89,227	126,400
2023	71,556	25,679
2022	8,648	1,111
2021	227	15
2020	5	5
Prior	5	2
Net Finance Receivables	169,668	153,212
Large Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	407,948	756,903
2023	534,491	370,932
2022	239,803	121,004
2021	72,144	21,248
2020	10,107	3,425
Prior	1,539	625
Net Finance Receivables	1,266,032	1,274,137	1,238,031
Large Loans [Member] | FICO Band 1 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	47,762	83,107
2023	58,131	28,068
2022	18,964	9,542
2021	6,212	2,510
2020	1,431	980
Prior	665	347
Net Finance Receivables	133,165	124,554
Large Loans [Member] | FICO Band 2 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	29,083	46,855
2023	31,972	16,964
2022	10,225	5,342
2021	3,083	1,077
2020	454	309
Prior	191	83
Net Finance Receivables	75,008	70,630
Large Loans [Member] | FICO Band 3 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	47,051	86,191
2023	58,352	45,778
2022	27,902	14,999
2021	8,357	2,201
2020	946	316
Prior	158	66
Net Finance Receivables	142,766	149,551
Large Loans [Member] | FICO Band 4 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	65,416	120,054
2023	83,193	65,753
2022	41,088	20,712
2021	11,697	3,481
2020	1,618	592
Prior	230	55
Net Finance Receivables	203,242	210,647
Large Loans [Member] | FICO Band 5 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	69,913	128,901
2023	90,889	69,706
2022	45,146	23,779
2021	14,545	4,043
2020	1,906	496
Prior	134	22
Net Finance Receivables	222,533	226,947
Large Loans [Member] | FICO Band 6 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024	148,723	291,795
2023	211,954	144,663
2022	96,478	46,630
2021	28,250	7,936
2020	3,752	732
Prior	161	52
Net Finance Receivables	489,318	491,808
Retail Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		1
2023	1	2,529
2022	1,518	1,159
2021	522	92
2020	16	4
Prior	14	15
Net Finance Receivables	2,071	3,800	$ 6,316
Retail Loans [Member] | FICO Band 1 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2024		1
2023	1
2022	1	2
2021		1
2020	1	1
Prior	2	5
Net Finance Receivables	5	10
Retail Loans [Member] | FICO Band 2 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023		213
2022	119	30
2021	10
Prior	1
Net Finance Receivables	130	243
Retail Loans [Member] | FICO Band 3 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023		634
2022	355	211
2021	84	3
2020		1
Prior	1	1
Net Finance Receivables	440	850
Retail Loans [Member] | FICO Band 4 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023		650
2022	411	352
2021	155	36
2020	7
Prior	5	4
Net Finance Receivables	578	1,042
Retail Loans [Member] | FICO Band 5 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023		508
2022	302	278
2021	126	24
2020	3
Prior	4	4
Net Finance Receivables	435	814
Retail Loans [Member] | FICO Band 6 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023		524
2022	330	286
2021	147	28
2020	5	2
Prior	1	1
Net Finance Receivables	$ 483	$ 841

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Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Credit Losses by Product and Origination Year (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit losses, 2024			$ 644	$ 439
Credit losses, 2023			63,337	67,207
Credit losses, 2022			34,371	29,637
Credit losses, 2021			8,056	3,729
Credit losses, 2020			1,057	1,033
Credit losses, prior			341	173
Credit losses, Total Credit Losses	$ 58,613	$ 57,609	107,806	102,218
Large Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit losses, 2024			280	243
Credit losses, 2023			33,165	35,477
Credit losses, 2022			25,664	21,693
Credit losses, 2021			7,228	3,207
Credit losses, 2020			1,012	970
Credit losses, prior			319	168
Credit losses, Total Credit Losses	35,957	33,661	67,668	61,758
Small Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit losses, 2024			364	196
Credit losses, 2023			30,172	31,402
Credit losses, 2022			8,416	7,711
Credit losses, 2021			674	475
Credit losses, 2020			34	41
Credit losses, prior			18	3
Credit losses, Total Credit Losses	22,490	23,448	39,678	39,828
Retail Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Credit losses, 2023				328
Credit losses, 2022			291	233
Credit losses, 2021			154	47
Credit losses, 2020			11	22
Credit losses, prior			4	2
Credit losses, Total Credit Losses	$ 166	$ 500	$ 460	$ 632

XML

Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Amortized Cost Basis in Past-Due Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 1,773,743	$ 1,771,410	$ 1,688,937
Net finance receivables in nonaccrual status	$ 65,249	$ 66,871
Total net finance receivables	100.00%	100.00%
Net finance receivables in nonaccrual status	3.70%	3.80%
Large Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 1,266,032	$ 1,274,137	1,238,031
Net finance receivables in nonaccrual status	$ 40,509	$ 44,627
Total net finance receivables	100.00%	100.00%
Net finance receivables in nonaccrual status	3.20%	3.50%
Small Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 505,640	$ 493,473	444,590
Net finance receivables in nonaccrual status	$ 24,557	$ 21,850
Total net finance receivables	100.00%	100.00%
Net finance receivables in nonaccrual status	4.90%	4.40%
Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 2,071	$ 3,800	$ 6,316
Net finance receivables in nonaccrual status	$ 183	$ 394
Total net finance receivables	100.00%	100.00%
Net finance receivables in nonaccrual status	8.80%	10.40%
Financing Receivables, Current [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 1,497,219	$ 1,493,341
Past due, Percent	84.40%	84.30%
Financing Receivables, Current [Member] | Large Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 1,081,617	$ 1,084,518
Past due, Percent	85.50%	85.10%
Financing Receivables, Current [Member] | Small Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 414,192	$ 406,203
Past due, Percent	81.90%	82.40%
Financing Receivables, Current [Member] | Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 1,410	$ 2,620
Past due, Percent	68.00%	69.00%
1 to 29 Days Past Due [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 153,788	$ 155,196
Past due, Percent	8.70%	8.80%
1 to 29 Days Past Due [Member] | Large Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 107,983	$ 109,483
Past due, Percent	8.50%	8.60%
1 to 29 Days Past Due [Member] | Small Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 45,433	$ 45,119
Past due, Percent	9.00%	9.10%
1 to 29 Days Past Due [Member] | Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 372	$ 594
Past due, Percent	18.00%	15.60%
Delinquent Accounts 30 to 59 Days [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 34,924	$ 34,756
Past due, Percent	1.90%	1.90%
Delinquent Accounts 30 to 59 Days [Member] | Large Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 22,025	$ 22,587
Past due, Percent	1.70%	1.70%
Delinquent Accounts 30 to 59 Days [Member] | Small Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 12,822	$ 12,053
Past due, Percent	2.60%	2.40%
Delinquent Accounts 30 to 59 Days [Member] | Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 77	$ 116
Past due, Percent	3.70%	3.10%
Delinquent Accounts 60 to 89 Days [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 27,689	$ 31,212
Past due, Percent	1.60%	1.80%
Delinquent Accounts 60 to 89 Days [Member] | Large Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 17,373	$ 19,844
Past due, Percent	1.40%	1.60%
Delinquent Accounts 60 to 89 Days [Member] | Small Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 10,261	$ 11,253
Past due, Percent	2.00%	2.30%
Delinquent Accounts 60 to 89 Days [Member] | Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 55	$ 115
Past due, Percent	2.70%	3.00%
Delinquent Accounts 90 to 119 Days [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 21,607	$ 27,107
Past due, Percent	1.20%	1.50%
Delinquent Accounts 90 to 119 Days [Member] | Large Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 13,407	$ 16,951
Past due, Percent	1.10%	1.30%
Delinquent Accounts 90 to 119 Days [Member] | Small Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 8,135	$ 10,030
Past due, Percent	1.60%	2.00%
Delinquent Accounts 90 to 119 Days [Member] | Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 65	$ 126
Past due, Percent	3.10%	3.20%
Delinquent Accounts 120 to 149 Days [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 19,333	$ 15,317
Past due, Percent	1.10%	0.90%
Delinquent Accounts 120 to 149 Days [Member] | Large Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 11,825	$ 10,938
Past due, Percent	0.90%	0.90%
Delinquent Accounts 120 to 149 Days [Member] | Small Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 7,471	$ 4,247
Past due, Percent	1.50%	0.90%
Delinquent Accounts 120 to 149 Days [Member] | Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 37	$ 132
Past due, Percent	1.80%	3.50%
Delinquent Accounts 150 to 179 Days [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 19,183	$ 14,481
Past due, Percent	1.10%	0.80%
Delinquent Accounts 150 to 179 Days [Member] | Large Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 11,802	$ 9,816
Past due, Percent	0.90%	0.80%
Delinquent Accounts 150 to 179 Days [Member] | Small Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 7,326	$ 4,568
Past due, Percent	1.40%	0.90%
Delinquent Accounts 150 to 179 Days [Member] | Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 55	$ 97
Past due, Percent	2.70%	2.60%
Total Delinquency Accounts [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 122,736	$ 122,873
Past due, Percent	6.90%	6.90%
Total Delinquency Accounts [Member] | Large Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 76,432	$ 80,136
Past due, Percent	6.00%	6.30%
Total Delinquency Accounts [Member] | Small Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 46,015	$ 42,151
Past due, Percent	9.10%	8.50%
Total Delinquency Accounts [Member] | Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Net finance receivables	$ 289	$ 586
Past due, Percent	14.00%	15.40%

XML

Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Reconciliation of Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	$ 187,100	$ 183,800	$ 187,400	$ 178,800
Provision for credit losses	53,802	52,551	100,225	100,219
Credit losses	(58,613)	(57,609)	(107,806)	(102,218)
Recoveries	3,111	2,658	5,581	4,599
Ending balance	185,400	181,400	185,400	181,400
Net Finance Receivables	$ 1,773,743	$ 1,688,937	$ 1,773,743	$ 1,688,937	$ 1,771,410
Allowance as Percentage of Finance Receivables	10.50%	10.70%	10.50%	10.70%
Large [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	$ 126,528	$ 120,382	$ 127,992	$ 119,592
Provision for credit losses	31,493	33,556	60,148	61,265
Credit losses	(35,957)	(33,661)	(67,668)	(61,758)
Recoveries	1,914	1,596	3,506	2,774
Ending balance	123,978	121,873	123,978	121,873
Net Finance Receivables	$ 1,266,032	$ 1,238,031	$ 1,266,032	$ 1,238,031	1,274,137
Allowance as Percentage of Finance Receivables	9.80%	9.80%	9.80%	9.80%
Small [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	$ 60,142	$ 62,112	$ 58,736	$ 57,915
Provision for credit losses	22,271	18,759	40,000	38,578
Credit losses	(22,490)	(23,448)	(39,678)	(39,828)
Recoveries	1,175	1,045	2,040	1,803
Ending balance	61,098	58,468	61,098	58,468
Net Finance Receivables	$ 505,640	$ 444,590	$ 505,640	$ 444,590	493,473
Allowance as Percentage of Finance Receivables	12.10%	13.20%	12.10%	13.20%
Retail [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	$ 430	$ 1,306	$ 672	$ 1,293
Provision for credit losses	38	236	77	376
Credit losses	(166)	(500)	(460)	(632)
Recoveries	22	17	35	22
Ending balance	324	1,059	324	1,059
Net Finance Receivables	$ 2,071	$ 6,316	$ 2,071	$ 6,316	$ 3,800
Allowance as Percentage of Finance Receivables	15.60%	16.80%	15.60%	16.80%

XML

Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Modification Made to Borrowers Experiencing Financial Difficulty (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 6,650	$ 3,965	$ 11,382	$ 9,424
% of Net finance receivables	0.40%	0.20%	0.60%	0.60%
Principal Forgiveness, Interest Rate Reduction, & Term Extension [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 169	$ 125	$ 306	$ 150
Interest Rate Reduction and Term Extension [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 3,096	$ 3,840	$ 7,162	$ 9,274
% of Net finance receivables	0.20%	0.20%	0.40%	0.50%
Term Extension [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 2,555		$ 3,034
% of Net finance receivables	0.10%		0.20%
Interest Rate Reduction [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 830		$ 880
% of Net finance receivables			0.00%
Large Loans [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 5,565	$ 3,271	$ 9,593	$ 7,837
% of Net finance receivables	0.40%	0.30%	0.80%	0.60%
Large Loans [Member] | Principal Forgiveness, Interest Rate Reduction, & Term Extension [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 162	$ 109	$ 287	$ 131
Large Loans [Member] | Interest Rate Reduction and Term Extension [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 2,635	$ 3,162	$ 6,111	$ 7,706
% of Net finance receivables	0.20%	0.30%	0.50%	0.60%
Large Loans [Member] | Term Extension [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 2,117		$ 2,496
% of Net finance receivables	0.20%		0.20%
Large Loans [Member] | Interest Rate Reduction [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 651		$ 699
% of Net finance receivables	0.10%		0.10%
Small Loans [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 1,085	$ 694	$ 1,789	$ 1,587
% of Net finance receivables	0.20%	0.20%	0.40%	0.40%
Small Loans [Member] | Principal Forgiveness, Interest Rate Reduction, & Term Extension [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 7	$ 16	$ 19	$ 19
Small Loans [Member] | Interest Rate Reduction and Term Extension [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 461	$ 678	$ 1,051	$ 1,568
% of Net finance receivables	0.10%	0.20%	0.20%	0.40%
Small Loans [Member] | Term Extension [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 438		$ 538
% of Net finance receivables	0.10%		0.10%
Small Loans [Member] | Interest Rate Reduction [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 179		$ 181

XML

Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Financial Effects of Borrowers Experiencing Financial Difficulty (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Large Loans [Member] | Principal Forgiveness [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reduced amortized cost basis	$ 0.3	$ 0.3	$ 0.6	$ 0.5
Large Loans [Member] | Interest Rate Reduction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reduced weighted-average contractual interest	9.60%	10.00%	8.40%	11.30%
Large Loans [Member] | Term Extension [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Added weighted-average period to loans	1 year 1 month 6 days	1 year 4 months 24 days	1 year 3 months 18 days	1 year 4 months 24 days
Small Loans [Member] | Principal Forgiveness [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reduced amortized cost basis	$ 0.1	$ 0.2	$ 0.3	$ 0.3
Small Loans [Member] | Interest Rate Reduction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Reduced weighted-average contractual interest	17.60%	14.60%	15.50%	13.50%
Small Loans [Member] | Term Extension [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Added weighted-average period to loans	1 year	1 year 3 months 18 days	1 year 2 months 12 days	1 year 3 months 18 days

XML

Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Amortized Cost Basis for Modifications Made to Borrowers Experiencing Financial Difficulty Subsequently Defaulted (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Modified [Line Items]
Financial receivable subsequent default	$ 1,462	$ 371	$ 1,831	$ 371
Large Loans [Member]
Financing Receivable, Modified [Line Items]
Financial receivable subsequent default	1,212	301	1,533	301
Small Loans [Member]
Financing Receivable, Modified [Line Items]
Financial receivable subsequent default	250	70	298	70
Principal Forgiveness [Member]
Financing Receivable, Modified [Line Items]
Financial receivable subsequent default	26		31
Principal Forgiveness [Member] | Large Loans [Member]
Financing Receivable, Modified [Line Items]
Financial receivable subsequent default	26		27
Principal Forgiveness [Member] | Small Loans [Member]
Financing Receivable, Modified [Line Items]
Financial receivable subsequent default			4
Interest Rate Reduction & Term Extension [Member]
Financing Receivable, Modified [Line Items]
Financial receivable subsequent default	1,376	371	1,731	371
Interest Rate Reduction & Term Extension [Member] | Large Loans [Member]
Financing Receivable, Modified [Line Items]
Financial receivable subsequent default	1,141	301	1,453	301
Interest Rate Reduction & Term Extension [Member] | Small Loans [Member]
Financing Receivable, Modified [Line Items]
Financial receivable subsequent default	235	$ 70	278	$ 70
Term Extension [Member]
Financing Receivable, Modified [Line Items]
Financial receivable subsequent default	60		69
Term Extension [Member] | Large Loans [Member]
Financing Receivable, Modified [Line Items]
Financial receivable subsequent default	45		53
Term Extension [Member] | Small Loans [Member]
Financing Receivable, Modified [Line Items]
Financial receivable subsequent default	$ 15		$ 16

XML

Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Contractual Delinquencies of Loans that were Modified to Borrowers Experiencing Financial Difficulty (Details) - USD ($) $ in Thousands	Jun. 30, 2024		Dec. 31, 2023	Jun. 30, 2023
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	$ 65,249		$ 66,871
Contractual Delinquencies of Loans that were Modified to Borrowers [Member]
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	17,890	[1]		$ 9,424	[2]
Small Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	24,557		21,850
Small Loans [Member] | Contractual Delinquencies of Loans that were Modified to Borrowers [Member]
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	2,711	[1]		1,587	[2]
Large Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	40,509		$ 44,627
Large Loans [Member] | Contractual Delinquencies of Loans that were Modified to Borrowers [Member]
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	15,179	[1]		7,837	[2]
Financing Receivables, Current [Member] | Contractual Delinquencies of Loans that were Modified to Borrowers [Member]
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	14,184			8,133
Financing Receivables, Current [Member] | Small Loans [Member] | Contractual Delinquencies of Loans that were Modified to Borrowers [Member]
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	2,071			1,314
Financing Receivables, Current [Member] | Large Loans [Member] | Contractual Delinquencies of Loans that were Modified to Borrowers [Member]
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	12,113			6,819
Financing Receivables, 30 - 89 Days Past Due [Member] | Contractual Delinquencies of Loans that were Modified to Borrowers [Member]
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	2,387			1,046
Financing Receivables, 30 - 89 Days Past Due [Member] | Small Loans [Member] | Contractual Delinquencies of Loans that were Modified to Borrowers [Member]
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	387			229
Financing Receivables, 30 - 89 Days Past Due [Member] | Large Loans [Member] | Contractual Delinquencies of Loans that were Modified to Borrowers [Member]
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	2,000			817
Financing Receivables, 90+ Days Past Due [Member] | Contractual Delinquencies of Loans that were Modified to Borrowers [Member]
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	1,319			245
Financing Receivables, 90+ Days Past Due [Member] | Small Loans [Member] | Contractual Delinquencies of Loans that were Modified to Borrowers [Member]
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	253			44
Financing Receivables, 90+ Days Past Due [Member] | Large Loans [Member] | Contractual Delinquencies of Loans that were Modified to Borrowers [Member]
Financing Receivable Recorded Investment [Line Items]
Contractual delinquencies of loans	$ 1,066			$ 201

[1] Excludes modified finance receivables that subsequently charged off of $1.5 million and $0.3 million in large and small loans, respectively

[2] Excludes modified finance receivables that subsequently charged off of $39 thousand and $5 thousand in large and small loans, respectively.

XML

Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Contractual Delinquencies of Loans that were Modified to Borrowers Experiencing Financial Difficulty (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Modified finance receivables charged off	$ 58,613	$ 57,609	$ 107,806	$ 102,218
Small Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Modified finance receivables charged off	22,490	23,448	39,678	39,828
Small Loans [Member] | Contractual delinquencies of loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Modified finance receivables charged off			300	5
Large Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Modified finance receivables charged off	$ 35,957	$ 33,661	67,668	61,758
Large Loans [Member] | Contractual delinquencies of loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Modified finance receivables charged off			$ 1,500	$ 39

XML

Restricted Available-for-Sale Investments - Reconciliations of Restricted Available-for-sale Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule Of Available For Sale Securities [Line Items]
Estimated Fair Value	$ 2,157	$ 22,740
Restricted Investments
Schedule Of Available For Sale Securities [Line Items]
Amortized cost basis	2,206	23,211
Gross Unrealized Gains	0	1
Gross Unrealized Losses	(49)	(472)
Estimated Fair Value	$ 2,157	$ 22,740

XML

Restricted Available-for-Sale Investments - Summary of Gross Unrealized Losses And Estimated Fair Values of Restricted Available-For-Sale Investments (Details) - Restricted Investments - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule Of Available For Sale Securities [Line Items]
Less than 12 Months, Estimated Fair Value	$ 0	$ 0
Less than 12 Months, Gross Unrealized Losses	0	0
12 Months or Longer, Estimated Fair Value	2,157	18,633
12 Months or Longer, Gross Unrealized Losses	(49)	(472)
Total Estimated Fair Value	2,157	18,633
Total Gross Unrealized Losses	$ (49)	$ (472)

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Restricted Available-for-Sale Investments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Schedule Of Available For Sale Securities [Line Items]
Accrued interest receivable	$ 3		$ 3		$ 300
Debt securities available for sale accrued interest after allowance for credit loss statement of financial position extensible list not disclosed flag			true		true
Restricted Investments
Schedule Of Available For Sale Securities [Line Items]
Gross realized gains or losses	$ 0	$ 0	$ 0	$ 0

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Restricted Available-for-Sale Investments - Summary of Amortized Cost And Estimated Fair Values of Restricted Available-For-Sale Investments by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Amortized Cost
Due within five years to ten years	$ 0
Due after ten years	0
Estimated Fair Value
Due within five years to ten years	0
Due after ten years	0
Total restricted available-for-sale investments	2,157	$ 22,740
Restricted Investments
Amortized Cost
Due in one year	2,206
Due within one year to five years	0
Total restricted available-for-sale investments	2,206	23,211
Estimated Fair Value
Due in one year	2,157
Due within one year to five years	0
Total restricted available-for-sale investments	$ 2,157	$ 22,740

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Debt - Summary of the Company's Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Debt	$ 1,378,449	$ 1,399,814
Unamortized debt issuance costs	(5,616)	(4,578)
Net debt	1,372,833	1,395,236
Unused amount of revolving credit facilities (subject to borrowing base)	564,384	551,508
Senior Revolving Credit Facility
Debt Instrument [Line Items]
Debt	145,701	195,462
Unamortized debt issuance costs	(709)	(606)
Net debt	144,992	194,856
RMR IV revolving warehouse credit facility
Debt Instrument [Line Items]
Debt	10	3,197
Net debt	10	3,197
RMR V revolving warehouse credit facility
Debt Instrument [Line Items]
Debt	13,122	26,718
Net debt	13,122	26,718
RMR VI revolving warehouse credit facility
Debt Instrument [Line Items]
Debt	4,744	15,953
Net debt	4,744	15,953
RMR VII revolving warehouse credit facility
Debt Instrument [Line Items]
Debt	3,503	4,216
Net debt	3,503	4,216
RMIT 2020-1 securitization
Debt Instrument [Line Items]
Debt	84,600	145,290
Net debt	84,600	145,290
RMIT 2021-1 securitization
Debt Instrument [Line Items]
Debt	178,886	248,915
Unamortized debt issuance costs		(141)
Net debt	178,886	248,774
RMIT 2021-2 securitization
Debt Instrument [Line Items]
Debt	200,191	200,192
Unamortized debt issuance costs	(892)	(1,106)
Net debt	199,299	199,086
RMIT 2021-3 securitization
Debt Instrument [Line Items]
Debt	125,202	125,202
Unamortized debt issuance costs	(707)	(864)
Net debt	124,495	124,338
RMIT 2022-1 securitization
Debt Instrument [Line Items]
Debt	250,374	250,374
Unamortized debt issuance costs	(566)	(991)
Net debt	249,808	249,383
RMIT 2022-2B securitization
Debt Instrument [Line Items]
Debt	184,295	184,295
Unamortized debt issuance costs	(348)	(870)
Net debt	183,947	$ 183,425
RMIT 2024-1 securitization
Debt Instrument [Line Items]
Debt	187,821
Unamortized debt issuance costs	(2,394)
Net debt	$ 185,427

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Debt - Summary of the Company's Debt (Parenthetical) (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 5,616	$ 4,578
Revolving warehouse credit facilities
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 2,000	$ 2,400

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Debt - Additional Information (Detail) - USD ($) $ in Thousands		1 Months Ended											6 Months Ended		9 Months Ended
	Oct. 01, 2022	Jun. 30, 2024	Apr. 30, 2023	Feb. 28, 2023	Nov. 30, 2022	Oct. 30, 2022	Feb. 28, 2022	Oct. 31, 2021	Jul. 31, 2021	Apr. 30, 2021	Feb. 28, 2021	Sep. 30, 2020	Jun. 30, 2024	Jun. 30, 2023	Sep. 30, 2023	Feb. 29, 2024	Dec. 31, 2023	May 31, 2023
Line of Credit Facility [Line Items]
Cash		$ 4,323											$ 4,323	$ 10,330			$ 4,509
Cash deposited to restricted cash reserve account		$ 138,891											138,891	131,132			124,164
Advances on securitizations													$ 187,305	$ 0
RMR III revolving warehouse credit facility
Line of Credit Facility [Line Items]
Advances on securitizations						$ 16,300
RMR IV revolving warehouse credit facility
Line of Credit Facility [Line Items]
Secured line of credit										$ 125,000
Percentage of advances on debt agreement eligible secured finance receivables		79.00%								81.00%			79.00%					77.00%
Credit facility, eligible borrowing capacity		$ 11,400											$ 11,400
Effective interest rate		8.23%											8.23%
Cash deposited to restricted cash reserve account		$ 300											$ 300
Line of credit facility, description										In April and May 2023, the Company and RMR IV amended and restated the credit agreement that provides for a revolving warehouse credit facility to (i) extend the amortizing loan conversion date from April 2023 to May 2025 and the termination date from April 2024 to May 2026; (ii) decrease the capped advances on the facility from 81% to 77% of eligible finance receivables; and (iii) increase the margin from 2.35% to 2.80%. The debt is secured by finance receivables and other related assets that the Company purchased from its affiliates, which the Company then sold and transferred to RMR IV. Advances on the facility are capped at 79% of eligible finance receivables following a March 2024 amendment (79% of eligible finance receivables as of June 30, 2024).
RMR V revolving warehouse credit facility
Line of Credit Facility [Line Items]
Secured line of credit					$ 100,000
Percentage of advances on debt agreement eligible secured finance receivables		80.00%											80.00%
Effective interest rate		8.28%											8.28%
Cash deposited to restricted cash reserve account		$ 200											$ 200
Line of credit facility, description					amended and restated the credit agreement that provides for a $100 million revolving warehouse credit facility to RMR V to extend the date at which the facility converts to an amortizing loan and the termination date to November 2024 and November 2025, respectively. The debt is secured by finance receivables and other related assets that the Company purchased from its affiliates, which the Company then sold and transferred to RMR V. Advances on the facility are capped at 80% of eligible finance receivables (80% of eligible finance receivables as of June 30, 2024).
Line of credit facility, interest rate description													Borrowings under the facility bear interest, payable monthly, at a per annum rate, which in the case of a conduit lender is the commercial paper rate, plus a margin of 2.75%. The effective interest rate was 8.28% as of June 30, 2024. RMR V pays an unused commitment fee between 0.45% and 0.75% based upon the average daily utilization of the facility. RMR V had no immediate availability to draw down cash under the facility and held $0.2 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the credit agreement.
RMR VI revolving warehouse credit facility
Line of Credit Facility [Line Items]
Secured line of credit				$ 75,000
Percentage of advances on debt agreement eligible secured finance receivables		75.00%											75.00%
Amendment previously percentage		80.00%											80.00%
Effective interest rate		7.93%											7.93%
Interest rate, during revolving period				0.00%
Unused line fee				0.50%
Cash deposited to restricted cash reserve account		$ 100											$ 100
Line of credit facility, description				The facility converts to an amortizing loan in February 2025 and terminates in February 2026. The debt is secured by finance receivables and other related assets that the Company purchased from its affiliates, which the Company then sold and transferred to RMR VI. Advances on the facility are capped at 75% of eligible finance receivables (previously 80%) following a March 2024 amendment (75% of eligible finance receivables as of June 30, 2024).
Line of credit facility, interest rate description				Borrowings under the facility bear interest, payable monthly, at a rate equal to one-month SOFR, plus (i) 0.10% per annum, (ii) a margin of 2.50%, and (iii) the applicable step-up margin (0.00% during the revolving period). The effective interest rate was 7.93% as of June 30, 2024. RMR VI pays a monthly unused commitment fee of 0.50%. RMR VI had no immediate availability to draw down cash under the facility and held $0.1 million in restricted cash reserves as of June 30, 2024 to satisfy provisions of the credit agreement.
RMR VII revolving warehouse credit facility
Line of Credit Facility [Line Items]
Secured line of credit			$ 75,000
Percentage of advances on debt agreement eligible secured finance receivables		80.00%	80.00%										80.00%
Effective interest rate		8.43%											8.43%
Interest rate, during revolving period			0.00%
Cash deposited to restricted cash reserve account		$ 43											$ 43
Line of credit facility, description			The facility converts to an amortizing loan in October 2024 and terminates in October 2025. The debt is secured by finance receivables and other related assets that the Company purchased from its affiliates, which the Company then sold and transferred to RMR VII. Advances on the facility are capped at 80% of eligible finance receivables (80% of eligible finance receivables as of June 30, 2024).
Line of credit facility, interest rate description			Borrowings under the facility bear interest, payable monthly, at a rate equal to one-month SOFR, plus (i) 0.10% per annum, (ii) a margin of 3.00%, and (iii) the applicable step-up margin (0.00% during the revolving period). The effective interest rate was 8.43% as of June 30, 2024. RMR VII pays a monthly unused commitment fee ranging between 0.45% and 0.65%. RMR VII had no immediate availability to draw down cash under the facility and held $43 thousand in restricted cash reserves as of June 30, 2024 to satisfy provisions of the credit agreement.
RMIT 2020-1 securitization
Line of Credit Facility [Line Items]
Effective interest rate		3.42%											3.42%
Cash deposited to restricted cash reserve account		$ 1,900											$ 1,900
Debt revolving period end date													2023-09
Debt maturity date													2030-10
Advances on securitizations												$ 180,000
Debt Instrument, Payment Terms													Prior to maturity in October 2030, the Company may redeem the notes in full, but not in part.
RMIT 2021-1 securitization
Line of Credit Facility [Line Items]
Effective interest rate		2.24%											2.24%
Cash deposited to restricted cash reserve account		$ 2,600											$ 2,600
Debt revolving period end date													2024-02
Debt maturity date													2031-03
Advances on securitizations											$ 249,000
Debt Instrument, Payment Terms													Prior to maturity in March 2031, the Company may redeem the notes in full, but not in part.
RMIT 2021-2 securitization
Line of Credit Facility [Line Items]
Effective interest rate		2.30%											2.30%
Cash deposited to restricted cash reserve account		$ 2,100											$ 2,100
Debt revolving period end date													2026-07
Debt maturity date													2033-08
Advances on securitizations									$ 200,000
Debt Instrument, Payment Terms													Prior to maturity in August 2033, the Company may redeem the notes in full, but not in part, at its option on any business day on or after the payment date occurring in August 2026. No payments of principal of the notes will be made during the revolving period
RMIT 2021-3 securitization
Line of Credit Facility [Line Items]
Effective interest rate		3.88%											3.88%
Cash deposited to restricted cash reserve account		$ 1,500											$ 1,500
Debt revolving period end date													2026-09
Debt maturity date													2033-10
Advances on securitizations								$ 125,000
Debt Instrument, Payment Terms													Prior to maturity in October 2033, the Company may redeem the notes in full, but not in part, at its option on any business day on or after the payment date occurring in October 2024. No payments of principal of the notes will be made during the revolving period.
RMIT 2022-1 securitization
Line of Credit Facility [Line Items]
Effective interest rate		3.59%											3.59%
Cash deposited to restricted cash reserve account		$ 2,600											$ 2,600
Debt revolving period end date													2025-02
Debt maturity date													2032-03
Advances on securitizations							$ 250,000
Debt Instrument, Payment Terms													Prior to maturity in March 2032, the Company may redeem the notes in full, but not in part, at its option on any note payment date on or after the payment date occurring in March 2025. No payments of principal of the notes will be made during the revolving period.
RMIT 2022-2B securitization
Line of Credit Facility [Line Items]
Effective interest rate		7.51%											7.51%
Cash deposited to restricted cash reserve account		$ 2,300											$ 2,300
Debt revolving period end date													2024-10
Debt maturity date													2031-11
Advances on securitizations						$ 200,000
Debt Instrument, Payment Terms													Prior to maturity in November 2031, the Company may redeem the notes in full, but not in part, at its option on any note payment date on or after the payment date occurring in November 2024. No payments of principal of the notes will be made during the revolving period.
RMIT 2024-1 securitization
Line of Credit Facility [Line Items]
Effective interest rate		6.19%											6.19%
Cash deposited to restricted cash reserve account		$ 1,100											$ 1,100
Debt revolving period end date													2027-05
Debt maturity date													2036-07
Advances on securitizations		187,000
Debt Instrument, Payment Terms													Prior to maturity in July 2036, the Company may redeem the notes in full, but not in part, at its option on any note payment date on or after the payment date occurring in June 2027. No payments of principal of the notes will be made during the revolving period.
Contractual Priority Payments [Member]
Line of Credit Facility [Line Items]
Cash deposited to restricted cash reserve account		103,400											$ 103,400				$ 109,900
Minimum [Member] | RMR IV revolving warehouse credit facility
Line of Credit Facility [Line Items]
Interest rate, basis spread										2.35%
Unused line fee													0.35%
Debt revolving period end date										2023-04
Debt maturity date										2024-04
Minimum [Member] | RMR V revolving warehouse credit facility
Line of Credit Facility [Line Items]
Unused line fee													0.45%
Debt revolving period end date					2024-11
Maximum [Member] | RMR IV revolving warehouse credit facility
Line of Credit Facility [Line Items]
Interest rate, basis spread													2.80%
Unused line fee													0.70%
Debt revolving period end date										2025-05
Debt maturity date										2026-05
Maximum [Member] | RMR V revolving warehouse credit facility
Line of Credit Facility [Line Items]
Interest rate, basis spread					2.75%
Unused line fee													0.75%
Debt revolving period end date					2025-11
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | RMR IV revolving warehouse credit facility
Line of Credit Facility [Line Items]
Interest rate, basis spread	2.80%
Senior Revolving Credit Facility | Unrestricted Cash [Member]
Line of Credit Facility [Line Items]
Cash		$ 4,300											$ 4,300
Senior Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Interest rate, basis spread	3.00%
Senior Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum [Member]
Line of Credit Facility [Line Items]
Effective interest rate	0.50%
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Commitment fee description													The Company pays an unused commitment fee between 0.50% and 1.00% based upon the average outstanding balance.
Effective interest rate		8.43%											8.43%
Revolving Credit Facility [Member] | Senior Revolving Credit Facility Prior To November Thirty Two Thousand Twenty Two
Line of Credit Facility [Line Items]
Secured line of credit																$ 420,000
Revolving Credit Facility [Member] | Senior Revolving Credit Facility
Line of Credit Facility [Line Items]
Secured line of credit																$ 355,000
Debt agreement expiration date													Sep. 30, 2025
Percentage of advances on debt agreement eligible secured finance receivables		83.00%											83.00%
Current percentage of advances on eligible secured finance receivables		73.00%											73.00%
Credit facility, eligible borrowing capacity		$ 133,700											$ 133,700
Revolving Credit Facility [Member] | Senior Revolving Credit Facility | Minimum [Member]
Line of Credit Facility [Line Items]
Unused line fee															0.50%
Revolving Credit Facility [Member] | Senior Revolving Credit Facility | Maximum [Member]
Line of Credit Facility [Line Items]
Unused line fee															1.00%

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Debt - Summary of Presents the Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Assets
Cash	$ 4,323		$ 4,509	$ 10,330
Net finance receivables	1,773,743		1,771,410	1,688,937
Allowance for credit losses	(185,400)	$ (187,100)	(187,400)	(181,400)	$ (183,800)	$ (178,800)
Restricted cash	138,891		124,164	$ 131,132
Other assets	21,224		29,419
Total assets	1,789,052		1,794,527
Liabilities:
Net Debt	1,372,833		1,395,236
Accounts payable and accrued expenses	34,030		40,442
Total liabilities	1,444,149		1,472,254
VIEs [Member]
Assets
Cash	380		378
Net finance receivables	1,308,676		1,278,568
Allowance for credit losses	134,533		133,207
Restricted cash	118,031		123,899
Other assets	2,967		2,880
Total assets	1,295,521		1,272,518
Liabilities:
Net Debt	1,227,841		1,200,380
Accounts payable and accrued expenses	33		218
Total liabilities	$ 1,227,874		$ 1,200,598

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Stockholders' Equity - Schedule of Dividends Declared Per Share of Common Stock (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
Dividends declared per common share	$ 0.3	$ 0.3	$ 0.6	$ 0.6

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Disclosure About Fair Value of Financial Instruments - Carrying Amount and Estimated Fair Values of Company's Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Net finance receivables, less unearned insurance premiums and allowance for credit losses	$ 1,542,262	$ 1,536,118
Restricted available-for-sale investments	2,157	22,740
Level 1 [Member] | Carrying Amount [Member]
Assets
Cash	4,323	4,509
Restricted cash	138,891	124,164
Level 1 [Member] | Estimated Fair Value [Member]
Assets
Cash	4,323	4,509
Restricted cash	138,891	124,164
Level 3 [Member] | Carrying Amount [Member]
Assets
Net finance receivables, less unearned insurance premiums and allowance for credit losses	1,542,262	1,536,118
Liabilities:
Debt	1,378,449	1,399,814
Level 3 [Member] | Estimated Fair Value [Member]
Assets
Net finance receivables, less unearned insurance premiums and allowance for credit losses	1,587,671	1,603,737
Liabilities:
Debt	1,321,563	1,308,349
Level 2 [Member] | Carrying Amount [Member] | Fair Value, Recurring
Assets
Restricted available-for-sale investments	2,157	22,740
Level 2 [Member] | Estimated Fair Value [Member] | Fair Value, Recurring
Assets
Restricted available-for-sale investments	$ 2,157	$ 22,740

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Income Taxes - Schedule of Components of Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Provision for corporate taxes	$ 2,814	$ 1,758	$ 7,600	$ 4,660
Discrete tax (benefits) deficiencies	(37)	32	(95)	46
Total income taxes	$ 2,777	$ 1,790	$ 7,505	$ 4,706

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Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net income	$ 8,445	$ 6,023	$ 23,650	$ 14,712
Denominator:
Weighted-average shares outstanding for basic earnings per share	9,613,000	9,399,000	9,591,000	9,363,000
Effect of dilutive securities	250,000	167,000	214,000	232,000
Weighted-average shares adjusted for dilutive securities	9,863,000	9,566,000	9,805,000	9,595,000
Earnings per share:
Basic	$ 0.88	$ 0.64	$ 2.47	$ 1.57
Diluted	$ 0.86	$ 0.63	$ 2.41	$ 1.53

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Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Stock Compensation Plans [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Options to purchase common stock, Shares	400,000	600,000	400,000	600,000

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Share-based Compensation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2021	May 16, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Exercise period of options			10 years
Non-Employee Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non-employee director compensation grant period			5 days
Maximum [Member] | Graded and Cliff Vesting [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period of options			5 years
2024 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for grant	500,000		500,000
Long Term Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance target for achievement period			3 years			3 years
Holding period post vesting date			1 year
Long Term Incentive Plan [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of performance target for achievement			0.00%			0.00%
Long Term Incentive Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of performance target for achievement			150.00%			150.00%
Stock Compensation Plans [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense	$ 3.3	$ 2.3	$ 5.1	$ 4.4
Unrecognized share-based compensation expense	$ 18.2		$ 18.2
Period of recognition of share-based compensation expense			1 year 10 months 24 days
Stock Compensation Plans [Member] | 2024 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum aggregate number of additional shares			381,000
Shares available for grant							1,000,000
Plan description			As of June 30, 2024, subject to adjustments as provided in the 2024 Plan, the maximum aggregate number of shares of the Company’s common stock that could be issued under the 2024 Plan could not exceed the sum of (i) 381,000 shares plus (ii) any shares remaining available for the grant of awards as of May 16, 2024 under the 2015 Plan, plus (iii) any shares subject to an award granted under the 2015 Plan which award is forfeited, cash-settled, cancelled, terminated, expires, or lapses for any reason after May 16, 2024 without the issuance of shares or pursuant to which such shares are forfeited (subject to adjustment for anti-dilution purposes as provided in the 2024 Plan). Of the amount described in the preceding sentence, no more than 381,000 shares may be issued under the 2024 Plan pursuant to the grant of incentive stock options (subject to adjustment for anti-dilution purposes). As of May 16, 2024, there were 1.0 million shares available for grant under the 2024 Plan, inclusive of shares previously available for grant under the 2015 Plan that were rolled over to the 2024 Plan.
Stock Compensation Plans [Member] | 2024 Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum aggregate number of additional shares			381,000
Restricted Stock [Member] | Key Team Member Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance target for achievement period					1 year
Vesting period of options					2 years
Deferred compensation arrangement with individual, description			subject to performance over a one-year period. Payout under the program ranged from 0% to 150% of target based on the achievement of five Company performance metrics and individual performance goals (subject to continued employment and certain other terms and conditions of the program).
Restricted Stock [Member] | Key Team Member Incentive Plan [Member] | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of performance target for achievement					0.00%
Restricted Stock [Member] | Key Team Member Incentive Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of performance target for achievement					150.00%

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Share-based Compensation - Summary of Company's Stock Option Plan Activity (Detail) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
Share-Based Payment Arrangement [Abstract]
Number of Shares, Options outstanding, Beginning balance | shares	509,000
Number of Shares, Options outstanding, Ending balance | shares	509,000
Number of Shares, Options exercisable | shares	509,000
Weighted Average Exercise Price Per Share, Options outstanding, Beginning balance | $ / shares	$ 23.32
Weighted Average Exercise Price Per Share, Options outstanding, Ending balance | $ / shares	23.32
Weighted Average Exercise Price Per Share, Options exercisable | $ / shares	$ 23.32
Weighted Average Remaining Contractual Life (Years), Options outstanding	4 years 4 months 24 days
Weighted Average Remaining Contractual Life (Years), Options exercisable	4 years 4 months 24 days
Aggregate Intrinsic Value, Options outstanding | $	$ 3,004
Aggregate Intrinsic Value, Options exercisable | $	$ 3,004

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Share-based Compensation - Summary of Additional Stock Option Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award Options Additional Disclosures [Abstract]
Intrinsic value of options exercised	$ 277	$ 277

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Share-based Compensation - Award Grant Fair Value Assumptions (Detail) - Performance Restricted Stock Units [Member] - Monte Carlo Valuation Model [Member]	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility	42.48%	40.18%
Expected dividends	2.30%	2.24%
Risk-free rate	5.21%	5.21%
Discount for post-vesting restrictions	9.19%	8.48%

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Share-based Compensation - Summary of PRSU Activity (Detail) - Performance Restricted Stock Units [Member] - $ / shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non-vested shares at January 1, 2024			175
Granted			136
Achieved performance adjustment			0
Vested			0
Forfeited			0
Non-vested shares at June 30, 2024	311		311
Weighted Average Grant Date Fair Value, Non-vested units at January 1, 2024			$ 39.94
Weighted Average Grant Date Fair Value per Unit, Granted	$ 26.21	$ 32.4	26.21	$ 32.4
Weighted Average Grant Date Fair Value Per Unit, Achieved performance adjustment			0
Weighted Average Grant Date Fair Value Per Unit, Vested			0
Weighted Average Grant Date Fair Value Per Unit, Forfeited			0
Weighted Average Grant Date Fair Value Non-vested units at June 30, 2024	$ 33.93		$ 33.93

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Share-based Compensation - Summary of Additional PRSU Information (Detail) - Performance Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted Average Grant Date Fair Value per Unit, Granted	$ 26.21	$ 32.4	$ 26.21	$ 32.4
Fair value of PRSUs that vested	$ 0	$ 0	$ 0	$ 0

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Share-based Compensation - Summary of Performance-contingent Restricted Stock Units Activity (Detail) - Performance-contingent Restricted Stock Units [Member] - $ / shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non-vested shares at January 1, 2024			45
Granted			0
Achieved performance adjustment			0
Vested			(45)
Forfeited			0
Non-vested shares at June 30, 2024	0		0
Weighted Average Grant Date Fair Value, Non-vested units at January 1, 2024			$ 30.22
Weighted Average Grant Date Fair Value per Unit, Granted	$ 0	$ 0	0	$ 0
Weighted Average Grant Date Fair Value Per Unit, Achieved performance adjustment			0
Weighted Average Grant Date Fair Value Per Unit, Vested			30.22
Weighted Average Grant Date Fair Value Per Unit, Forfeited			0
Weighted Average Grant Date Fair Value Non-vested units at June 30, 2024	$ 0		$ 0

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Share-based Compensation - Summary of Additional Performance-contingent restricted Stock Units Information (Details) - Performance-contingent Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted Average Grant Date Fair Value per Unit, Granted	$ 0	$ 0	$ 0	$ 0
Fair value of RSUs that vested	$ 1,371	$ 1,445	$ 1,371	$ 1,445

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Share-based Compensation - Summary of Service-based RSU Activity (Detail) - Service-based Restricted Stock Units [Member] - $ / shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non-vested shares at January 1, 2024			0
Granted			53
Vested			0
Forfeited			0
Non-vested shares at June 30, 2024	53		53
Weighted Average Grant Date Fair Value, Non-vested units at January 1, 2024			$ 0
Weighted Average Grant Date Fair Value per Unit, Granted	$ 28.2	$ 0	28.2	$ 0
Weighted Average Grant Date Fair Value Per Unit, Vested			0
Weighted Average Grant Date Fair Value Per Unit, Forfeited			0
Weighted Average Grant Date Fair Value Non-vested units at June 30, 2024	$ 28.2		$ 28.2

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Share-based Compensation - Summary of Additional Service-based RSU Information (Detail) - Service-based Restricted Stock Units [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted Average Grant Date Fair Value per Unit, Granted	$ 28.2	$ 0	$ 28.2	$ 0
Fair value of RSUs that vested	$ 0	$ 0	$ 0	$ 0

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Share-based Compensation - Summary of RSA Activity (Detail) - Restricted Stock [Member] - $ / shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Non-vested shares at January 1, 2024			190
Granted			371
Vested			(39)
Forfeited			(2)
Non-vested shares at June 30, 2024	520		520
Weighted Average Grant Date Fair Value, Non-vested units at January 1, 2024			$ 35.89
Weighted Average Grant Date Fair Value, Granted	$ 28.04	$ 28.97	28.51	$ 34.5
Weighted Average Grant Date Fair Value, Vested			25.71
Weighted Average Grant Date Fair Value, Forfeited			38.21
Weighted Average Grant Date Fair Value Non-vested units at June 30, 2024	$ 31.37		$ 31.37

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Share-based Compensation - Summary of Additional RSA Information (Detail) - Restricted Stock [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted-average grant date fair value per share	$ 28.04	$ 28.97	$ 28.51	$ 34.5
Fair value of RSAs that vested	$ 932	$ 1,127	$ 990	$ 1,281

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Subsequent Events - Additional Information (Detail) - Subsequent Event - Quarterly Cash Dividend	1 Months Ended
	Jul. 31, 2024 $ / shares
Subsequent Event [Line Items]
Cash dividend per share	$ 0.3
Dividends payable, date to be paid	Sep. 12, 2024
Dividend date of record	Aug. 21, 2024
Dividend date of declaration	2024-07