Regional Management Corp. (RM) Q3 2025 Earnings Call Transcript

Garrett Edson, ICR Inc.

Thank you, and good afternoon. By now, everyone should have access to our earnings announcement and supplemental presentation, which were released prior to this call and are available on our website at Regionalmanagement.com.

Before we begin our formal remarks, I would like to direct your attention to Page 2 of our supplemental presentation. This page contains important disclosures regarding forward-looking statements and the use of non-GAAP financial measures.

Part of our discussion today may include forward-looking statements. These are based on management’s current expectations, estimates, and projections about the company’s future financial performance and business prospects. Please note that these forward-looking statements speak only as of today and are subject to various assumptions, risks, uncertainties, and other factors that are difficult to predict. These factors could cause actual results to differ materially from those expressed or implied in the forward-looking statements.

Please remember, these statements are not guarantees of future performance, and you should not place undue reliance upon them. For a more detailed discussion of our forward-looking statements and the risks and uncertainties that could impact our future operating results and financial condition, we refer you to our press release, supplemental presentation, and recent SEC filings.
https://seekingalpha.com/article/4838866-regional-management-corp-rm-q3-2025-earnings-call-transcript?source=feed_all_articles

Mitsui & Co.: Not As Bad As Feared

**Analyst’s Disclosure:**
I/we have a beneficial long position in the shares of MITSY and ITOCY, either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

**Seeking Alpha’s Disclosure:**
Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole.

Seeking Alpha is not a licensed securities dealer, broker, US investment adviser, or investment bank. Our analysts are third-party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
https://seekingalpha.com/article/4838844-mitsui-and-co-not-as-bad-as-feared?source=feed_all_articles

DOJ tells Republicans that Epstein files even worse for Trump than they thought: report

Several House Republicans have reportedly heard from the Department of Justice that the situation is worse than Michael Wolff’s description of Epstein photos showing Trump with half-naked teenage girls, Shuster wrote.

Shuster is likely referring to an October interview in which Trump biographer Michael Wolff told the Daily Beast that he had personally seen “about a dozen Polaroid snapshots” of Trump and Epstein. In these photos, Trump was photographed with several topless young women on his lap. Wolff said Epstein pulled the photos out of a safe and spread them out “like a deck of cards” on his dining room table.

The author told the Beast he saw the photos while visiting Epstein’s home at the convicted sex offender’s invitation, as Epstein wanted Wolff to write a book about him.

The veteran journalist further reported that Republicans were “spooked” by Attorney General Pam Bondi’s testimony before the Senate Judiciary Committee. Bondi refused to answer a question from Sen. Sheldon Whitehouse (D-R.I.) about whether she had personally seen the photos after the contents of Epstein’s safe were confiscated.

After Whitehouse asked her about the photos, Bondi then questioned him regarding receiving campaign donations from LinkedIn co-founder Reid Hoffman, who was associated with Epstein. “She didn’t give a denial,” Shuster wrote.
https://www.alternet.org/doj-republicans-trump-epstein/

Physical: Asia- Who is Team Philippines? Captain, members, Instagrams, & all you need to know

Following the success of its inaugural season, Netflix’s reality competition series *Physical: 100* made a thrilling return with a fresh twist.

On October 28, 2025, the show premiered its new global variation, titled *Physical: Asia*. This latest season brings together contestants from across the continent, intensifying the competition and showcasing diverse talents.

Fans can look forward to more intense challenges and captivating stories as the series continues to push the limits of physical endurance and determination.
https://www.sportskeeda.com/us/k-pop/news-physical-asia-who-team-philippines-captain-members-instagrams-need-know

Ripple and Mastercard Test Secret Stablecoin System for Card Payments

**Ripple and Mastercard Partner to Test RLUSD Stablecoin Payments for Real-Time Fiat Card Settlements**

Ripple has announced a new partnership with Mastercard, WebBank, and Gemini to test RLUSD stablecoin payments. This collaboration aims to leverage Ripple’s XRPL platform to process real-time fiat card settlements securely and efficiently. The trial will evaluate the potential of blockchain technology to support mainstream financial transactions.

### Ripple Partners with Mastercard for On-Chain Settlements

In this collaboration, Ripple will work with Mastercard and WebBank to enable on-chain settlements for fiat card payments. The test will assess how the RLUSD stablecoin performs within Mastercard’s extensive global payment network. Additionally, the trial will examine compliance and operational stability for regulated financial institutions involved.

Mastercard plans to integrate Ripple’s XRPL platform to manage the settlement layer of these payments, aiming to bridge blockchain efficiency with traditional financial systems. The companies expect this system to provide fast, transparent settlements to participating institutions.

Sherri Haymond, Global Head of Digital Commercialization at Mastercard, commented on the partnership’s goal:
“Through our partnerships with Ripple, Gemini, and WebBank, we’re using our global payments network to bring regulated, open-loop stablecoin payments into the financial mainstream.” She emphasized Mastercard’s belief that stablecoins can offer a secure and compliant transaction layer for banks and issuers.

### RLUSD Stablecoin Enters Regulated Payment Testing

Central to this pilot program is Ripple’s RLUSD stablecoin. The coin will facilitate settlements between Mastercard and WebBank, the issuer of the Gemini credit card involved in the trial. This initiative marks the first use of a regulated on-chain stablecoin for fiat settlement.

Currently, the RLUSD token has a total supply of $2 billion, with steady growth in the stablecoin market. Ripple envisions RLUSD as a reliable digital asset capable of supporting large-scale institutional transactions. The company highlights RLUSD’s controlled expansion as a reflection of its commitment to compliance and long-term stability.

Jason Lloyd, President and CEO of WebBank, emphasized the bank’s role in the project:
“Banks are uniquely positioned to bridge innovative blockchain technology with the stability of the traditional financial system.” WebBank will oversee settlement functions, ensuring regulatory oversight throughout the testing phase.

### XRPL to Demonstrate Institutional Settlement Capacity

The XRPL platform will power all transactions within this trial. Ripple originally developed XRPL to handle up to 1,500 transactions per second with minimal costs. Now, the system will be evaluated for its capacity to deliver institutional-grade payment efficiency.

Ripple President Monica Long stated that regulated stablecoins like RLUSD have the potential to enhance financial settlement systems. She added that Ripple’s goal is to expand XRPL’s presence in institutional finance through compliance-driven innovation and plans to integrate future programs once regulatory approvals are secured.

Currently, the XRPL network supports about 7,000 active wallets daily. Ripple continues to maintain XRP as one of the top 10 cryptocurrency assets by market value, with XRP trading steadily at around $2.31, reflecting consistent market interest.

### Regulatory Approval and Future Outlook

Before full deployment, regulators must approve RLUSD’s onboarding. Ripple and its partners will coordinate settlement processes once the necessary approvals are granted. This trial represents a landmark collaboration between a regulated U.S. bank and an on-chain settlement network.

This partnership signals a significant step toward integrating blockchain technology with traditional financial infrastructures, aiming to provide faster, more transparent, and compliant payment solutions.

*Source: Blockonomi*
https://bitcoinethereumnews.com/tech/ripple-and-mastercard-test-secret-stablecoin-system-for-card-payments/

Christian Lee says there have been little adjustments for Alibeg Rasulov rematch: “If it’s not broke, then there’s no need to fix it”

Reigning and undisputed ONE Lightweight and Welterweight MMA World Champion, ‘The Warrior’ Christian Lee, representing Singapore and the United States, is gearing up for his highly anticipated rematch with Alibeg Ra.

Fans are eagerly awaiting this showdown as Lee looks to continue his dominant reign in both weight classes. Stay tuned for more updates on this exciting matchup.
https://www.sportskeeda.com/mma/news-christian-lee-says-little-adjustments-alibeg-rasulov-rematch-if-it-s-broke-there-s-need-fix-it

XRP DEX Hits 954K Transactions as Price Faces Selling Pressure

The XRP Ledger’s native decentralized exchange (DEX) recently hit a new milestone, recording an all-time high of 954,000 daily transactions on November 4, according to on-chain data. This surge marked one of the busiest days for the network in recent months, signaling heightened activity within the XRP ecosystem.

However, despite this impressive spike in transaction volume, the market performance of XRP—the digital token associated with the ledger—painted a contrasting picture.

### Record XRP DEX Activity Fails to Lift Price

At first glance, an increase in daily transactions often suggests stronger network health and growing adoption. Yet, a closer examination reveals a concerning divergence between activity and price performance.

Analyst CryptoOnchain noted that unlike a similar surge in usage back in July, which accompanied a significant price increase, the latest record-breaking transaction volume coincided with a price decline. Since early October, XRP’s price has dropped from the $3 range to approximately $2.21 at the time of writing.

This disconnect between transaction growth and market value implies that the high volume may not reflect genuine buying interest. Instead, CryptoOnchain pointed toward possible explanations such as “large-scale selling, whale distribution, or automated arbitrage trading” driving the activity. In other words, traders might be using the DEX primarily to rebalance or exit positions rather than to accumulate tokens.

“Elevated network activity is not always bullish,” cautioned CryptoOnchain. He urged investors to approach this mismatch between usage and price with caution, stating:
> “Until price action aligns with on-chain growth, this metric should be viewed as a potential warning sign rather than a buy signal.”

### Whales Reduce Exposure Amid Broader Market Wobbles

CoinGecko data confirms XRP’s downward trajectory, showing the asset has declined 15.9% over the past week and 26% in the last month. At press time, XRP was trading nearly 39% below its July all-time high of $3.65.

Whale behavior has intensified the current market volatility. As previously reported by CryptoPotato, large XRP holders sold approximately 900,000 tokens in just five days, contributing significantly to the week’s double-digit price slide.

On-chain data further indicates that although whale-to-exchange transfers have slowed since late October, recent selling activity might still be dampening market sentiment.

XRP’s struggles are reflective of broader market challenges. Bitcoin (BTC) recently dropped below $99,000 for the first time in five months, while Ethereum (ETH) slipped under $3,200. In a single 24-hour period, more than $1.75 billion worth of leveraged positions were liquidated, with $38.6 million attributed to XRP alone.

### Signs of Potential Recovery Amid Market Gloom

Despite the prevailing bearish sentiment, some analysts remain cautiously optimistic about XRP’s prospects. Analyst Egrag Crypto shared on X that XRP’s “stronger resilience” relative to Bitcoin and Ethereum might indicate the selloff is nearing its end.

He highlighted a potential “accumulation zone” around $1.94, suggesting that the current weakness could be the final shakeout before the price begins to recover.

However, overall market confidence remains fragile. This uncertainty is mirrored in CoinMarketCap’s Fear & Greed Index, which recently plummeted to 20—its lowest level in months.

**In summary**, while the XRP Ledger’s DEX continues to see record activity, the associated XRP token’s price struggles highlight a disconnect that investors should watch closely. Elevated transaction volumes do not always equate to bullish momentum, especially amid large-scale selling and broader market downturns. Keeping an eye on on-chain metrics alongside price action can provide valuable insights into XRP’s trajectory moving forward.
https://bitcoinethereumnews.com/tech/xrp-dex-hits-954k-transactions-as-price-faces-selling-pressure/

Crusader Kings 3 devs on All Under Heaven expansion & improving the base game

Crusader Kings 3 has continued to receive plenty of interesting content since Paradox Interactive released it in 2020. Now, the game has reached a new milestone, opening up the map to most of Asia and bringing Chinese, Japanese, and Southeast Asian content to its acclaimed grand strategy experience.

Even years after its launch, Paradox remains dedicated to supporting Crusader Kings 3, consistently delivering new expansions for fans eager to expand their campaigns. I recently spoke with QA Manager Riad Deneche and Producer Lucia Dzediti about how the game has grown and how the team continues to keep the base experience exciting with every major update.

The latest expansion, All Under Heaven, was a long time coming. Although the Asian continent has lingered on the periphery of Crusader Kings 3 campaigns since release—with features like the Silk Road economic storyline providing only a glimpse of the region’s rich history—this expansion finally answers the community’s enduring requests. All Under Heaven brings Asian politics and legendary rulers to the forefront, introducing a wealth of famous figures throughout China and across the continent.

According to the developers, Paradox is proud to fulfill the demands of fans who have long wanted to explore the Far East. The team invested heavily in historical research to ensure the storylines of Eastern leaders were done justice, with development staff describing the process as one of the most enjoyable aspects of creating the expansion.

Importantly, All Under Heaven doesn’t neglect rulers who prefer to focus on Western civilizations. The Silk Road storylines have been expanded, and additional content has been added to intertwine the politics of the East and West. Whether your campaign centers on Asia or Europe, All Under Heaven ensures new dynamics and story opportunities for every player, making it a significant and exciting addition to Crusader Kings 3.
https://www.shacknews.com/article/146687/crusader-kings-3-all-under-heaven-expansion-interview

District 11 football 4A semifinals: Another ‘Holy War’ for Becahi, ACCHS

Seniors Emile Ayache and Cayden Vassa have seen it all in their four years as members of the Bethlehem Catholic football team — some good, some bad, some ugly. They have lost district title games and won one. They have played for four different head coaches. Through it all, they have tried to represent the program, their school, their community, and themselves well.

This Thursday, they will face rival Allentown Central Catholic for the seventh time at Bethlehem Area School District Stadium in the District 11 4A semifinals. Their leadership will be crucial to keep the Golden Hawks steady and determined to advance during what promises to be another emotional and hard-fought edition of the Lehigh Valley’s “Holy War.”

While this is not a championship game — and state-ranked Southern Lehigh likely awaits the winner — it will feel like a make-or-break contest. Both teams have lived in the shadows of Eastern Pennsylvania Conference unbeaten teams Easton and Parkland, as well as others with better records all season. All that matters now is competing for 48 minutes and seeing which team is left standing.

First-year Becahi coach Joe Bernard is glad to have Vassa and Ayache on his side.
“We name game captains every week and Emile has been one for every game, and I think that speaks for itself,” Bernard said. “Cayden is also a tremendous leader and has been named captain several times. These two guys are the ones who have really gotten this program back to where we want to be. Their work ethic and everything else they bring to the table has fed into the other guys on the team.”

Ayache, whose father Sam is a 1991 Becahi graduate and member of the 1990 state champion Golden Hawks, has grown up with Becahi football in his DNA. His older brother, Sammy, was part of the 2023 District 11 championship squad and is now a sophomore at nationally ranked Lehigh University. His younger brother Jon Jon is a junior and one of his teammates.

“I have been here since I was 5 years old, walking the same hallways,” Ayache said. “I have been part of the Little Hawks program from 5 years old on up. So, you know, right now I am just trying to take it all in and keep the season rolling.”

Ayache, who was selected as a second-team all-conference offensive tackle and defensive tackle, admits the team has faced its share of adversity, not only this season but in previous years.
“A lot of stuff happened above us,” he said. “But that was all stuff that you can’t do anything about. A lot of people would choose to leave and transfer out and find a new school. But we fought through it together as a team and I think it built up our character. It taught us to lead on each other, especially in these high-pressure games. When adversity hits we can handle it because we’ve all been through so much already over the last four years and it feels good to rely on the same guys that have been here for four years.”

One of those guys Ayache has relied on has been Vassa.
“Cayden was one of the first kids I talked to when I was a freshman, and we quickly became friends and have grown so close together over the last four years through offseason workouts and everything,” Ayache said. “We have spent so much time together and I think it helps us on the field because you’d rather protect someone you care about instead of someone who’s just another player. Emery Oberholzer and Alex Dominguez have also been around here for a long time. I know them since we were Little Hawks.”

Vassa, who has his brother Carter to throw to in the Becahi offense, said the close-knit nature of the players has allowed them to thrive.
“This definitely was a journey here over the last four years, and I’ve dealt with an injury this senior year that set me back,” he said. “But I have a lot of faith and trust in God’s plan and just see what’s in front of me. Me and my brother and the Ayache brothers, we’ve just stuck to the plan. I think I have grown as a person, especially with the environment we have here at Becahi. I just try to stay true to what I believe in and what I see for us in the future as a football team.”

He would love to beat ACCHS and get another shot against Southern Lehigh, after the Spartans defeated the Golden Hawks 28-7 in the district final last year.
“We were missing some players and we had a lot of mishaps on offense,” Vassa said. “We could have brought a lot more to the table, but we just weren’t that team that night. We want to make it back to the finals, but you have to take it one week at a time. Hopefully, we’ll get there and play whoever is there, and this time we want to bring our ‘A’ game.”

### Game Preview: No. 3 seed Allentown Central Catholic (6-5, 4-3) vs. No. 2 Bethlehem Catholic (7-4, 3-4)

**When / Where:** 6:30 p.m. Thursday at Bethlehem Area School District Stadium
**At stake:** A berth in next week’s District 11 4A title game against either No. 1 Southern Lehigh (11-0) or No. 4 Blue Mountain (7-4)

**The storylines:**
This is a renewal of one of the Lehigh Valley’s great football rivalries and a meeting of two of the area’s most successful programs. The Golden Hawks and Vikings are tied for the most district titles among area programs, with 14 each.

Since the PIAA expanded to six classifications in 2016, Becahi or ACCHS has won the District 11 4A title in seven of the nine years. They have met in the postseason five times, with Central winning three of those matchups.

While Becahi leads the all-time series 34-30, the teams have split the last 24 meetings evenly at 12-12, including the Golden Hawks’ 28-24 win on September 20.

The Vikings rolled into the semifinals with a 52-21 win over Jim Thorpe. The Golden Hawks were tied 14-14 with Pottsville early in the fourth quarter before Antonio Thom’s 78-yard catch and run down the sideline provided the go-ahead points. Becahi added a late score to seal the win.

**Players to watch:**
– Central’s junior quarterback Patrick Cahill threw for 474 yards last week vs. Jim Thorpe, pushing him to fourth in the league with 1,979 yards passing and 20 touchdowns.
– Sophomore Tahir Edmondson has been Cahill’s top target with 34 catches for 568 yards and seven touchdowns.
– Deon Johnson leads the Vikings’ ground game with 360 yards and five scores.

The Becahi offense is led by senior Cayden Vassa, who has run for 876 yards and 13 touchdowns and passed for 793 yards and five touchdowns. Axel Burkart has also played quarterback, throwing for 1,277 yards and nine touchdowns. Carter Vassa has caught 47 passes for 802 yards and eight scores.

**Keith Groller’s pick:** Becahi 33, Allentown Central Catholic 21

*Note: Keith Groller was 8-0 in picks last week and is now 88-23 on the season.*
https://www.mcall.com/2025/11/05/district-11-football-4a-semifinals-another-holy-war-for-becahi-acchs/

South Korea Confronts Alarming Crypto Manipulation Schemes


title: Urgent Crackdown: South Korea Confronts Alarming Crypto Manipulation Schemes
category: Crypto News

South Korea is taking decisive action against alarming cryptocurrency manipulation schemes that have raised significant concerns in the market. Authorities are ramping up efforts to investigate and curb unfair trading practices that threaten the integrity of the crypto ecosystem.

The government’s urgent crackdown aims to protect investors and ensure a transparent and trustworthy environment for digital asset transactions. With the rise in crypto manipulation cases, regulators have prioritized implementing stricter measures to detect and penalize fraudulent activities.

Industry experts applaud these efforts, emphasizing the importance of robust oversight in maintaining market stability. As South Korea intensifies its regulatory framework, it sends a clear message that illicit behavior in the crypto space will not be tolerated.

Stay tuned for more updates on this developing story as authorities continue to tackle crypto manipulation head-on.
https://bitcoinethereumnews.com/crypto/south-korea-confronts-alarming-crypto-manipulation-schemes/