REGIONAL MANAGEMENT CORP., 10-K filed on 2/20/2026
Annual Report
v3.25.4
Document and Entity Information - USD ($)
 12 Months Ended
Dec. 31, 2025
Feb. 17, 2026
Jun. 30, 2025
Cover [Abstract]      
Document Type 10-K    
Amendment Flag false    
Document Annual Report true    
Document Transition Report false    
Document Period End Date Dec. 31, 2025    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Entity Central Index Key 0001519401    
Entity Registrant Name Regional Management Corp.    
Entity Current Reporting Status Yes    
Entity Voluntary Filers No    
Entity Interactive Data Current Yes    
Current Fiscal Year End Date --12-31    
Entity Filer Category Accelerated Filer    
Entity Well-known Seasoned Issuer No    
Entity Public Float     $ 235,369,156
ICFR Auditor Attestation Flag true    
Entity Common Stock, Shares Outstanding   9,396,929  
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Small Business false    
Entity Emerging Growth Company false    
Title of 12(b) Security Common Stock, $0.10 par value    
Trading Symbol RM    
Entity File Number 001-35477    
Security Exchange Name NYSE    
Entity Incorporation State Country Code DE    
Entity Tax Identification Number 57-0847115    
Entity Address Address Line1 979 Batesville Road    
Entity Address, Address Line Two Suite B    
Entity Address, City or Town Greer    
Entity Address, State or Province SC    
Entity Address, Postal Zip Code 29651    
City Area Code 864    
Local Phone Number 448-7000    
Documents Incorporated by Reference Certain information required by Part III of this Annual Report on Form 10-K is incorporated herein by reference to the Proxy Statement for the registrant’s 2026 Annual Meeting of Stockholders, which is expected to be filed pursuant to Regulation 14A within 120 days after the end of the registrant’s fiscal year ended December 31, 2025.    
Auditor Firm ID 34    
Auditor Name DELOITTE & TOUCHE LLP    
Auditor Location Charlotte, North Carolina    
Auditor Opinion

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Regional Management Corp. and subsidiaries (the “Company”) as of December 31, 2025, and 2024, the related consolidated statements of comprehensive income, stockholders' equity, and cash flows, for each of the three years in the period ended December 31, 2025, and the related notes to consolidated financial statements (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025, and 2024, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated February 20, 2026, expressed an unqualified opinion on the Company's internal control over financial reporting.

Opinion on Internal Control over Financial Reporting

We have audited the internal control over financial reporting of Regional Management Corp. and subsidiaries (the “Company”) as of December 31, 2025, based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control — Integrated Framework (2013) issued by COSO.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated financial statements as of and for the year ended December 31, 2025, of the Company and our report dated February 20, 2026, expressed an unqualified opinion on those financial statements.

    
v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash $ 3,823 $ 3,951
Net finance receivables 2,140,199 1,892,535
Unearned insurance premiums (52,896) (48,068)
Allowance for credit losses (220,900) (199,500)
Net finance receivables, less unearned insurance premiums and allowance for credit losses 1,866,403 1,644,967
Restricted cash 94,174 131,684
Lease assets 43,828 38,442
Intangible assets 31,781 24,524
Restricted AFS investments 24,211 21,712
Property and equipment 13,156 13,677
Deferred tax assets, net   9,286
Other assets 26,554 20,866
Total assets 2,103,930 1,909,109
Liabilities:    
Debt 1,650,764 1,478,336
Unamortized debt issuance costs [1] (8,591) (6,338)
Net debt 1,642,173 1,471,998
Lease liabilities 45,968 40,579
Deferred tax liability, net 3,345  
Accounts payable and accrued expenses 39,352 39,454
Total liabilities 1,730,838 1,552,031
Commitments and contingencies (Notes 17)
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, 15,168 shares issued and 9,554 shares outstanding at December 31, 2025 and 14,921 shares issued and 10,010 shares outstanding at December 31, 2024) 1,517 1,492
Additional paid-in capital 138,666 130,725
Retained earnings 410,721 378,482
Accumulated other comprehensive income (loss) (2) 62
Treasury stock (5,614 shares at December 31, 2025 and 4,911 shares at December 31, 2024) (177,810) (153,683)
Total stockholders’ equity 373,092 357,078
Total liabilities and stockholders’ equity $ 2,103,930 $ 1,909,109
[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 $1.8 million and $2.2 million in such costs as of December 31, 2025 and December 31, 2024, respectively.
v3.25.4
Consolidated Balance Sheets (Parenthetical) - $ / shares
Dec. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Preferred stock, par value $ 0.1 $ 0.1
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 $ 0.1 $ 0.1
Common stock, shares authorized 1,000,000,000 1,000,000,000
Common stock, shares issued 15,168,000 14,921,000
Common stock, shares outstanding 9,554,000 10,010,000
Treasury stock, shares 5,614,000 4,911,000
v3.25.4
Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue      
Interest and fee income $ 578,949 $ 528,894 $ 489,698
Insurance income, net 45,573 40,695 44,529
Other income 21,076 18,914 17,172
Total revenue 645,598 588,503 551,399
Expenses      
Provision for credit losses 245,432 212,200 220,034
Personnel 159,637 153,789 156,872
Occupancy 28,204 25,823 25,029
Marketing 18,551 19,006 15,774
Other 51,183 49,080 45,444
Total general and administrative expenses 257,575 247,698 243,119
Interest expense 84,814 74,530 67,463
Income before income taxes 57,777 54,075 20,783
Income taxes 13,365 12,848 4,825
Net income $ 44,412 $ 41,227 $ 15,958
Net income per common share:      
Basic $ 4.71 $ 4.28 $ 1.70
Diluted $ 4.45 $ 4.14 $ 1.66
Weighted-average common shares outstanding:      
Basic 9,428 9,640 9,398
Diluted 9,984 9,957 9,593
Other comprehensive income (loss), net of tax:      
Unrealized income (loss) on restricted AFS investments $ (81) $ 531 $ 271
Income taxes on unrealized items 17 (112) (57)
Unrealized other comprehensive income (loss), net of tax (64) 419 214
Net realized loss on restricted AFS investments   20  
Income taxes on realized items   (5)  
Reclassification adjustments included in net income, net of tax   15  
Other comprehensive income (loss), net of tax (64) 434 214
Total comprehensive income $ 44,348 $ 41,661 $ 16,172
v3.25.4
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   14,330,000        
Cash dividends (11,924)     (11,924)    
Issuance of restricted stock   $ 32 (32)      
Issuance of restricted stock, shares   322,000        
Exercise of stock options 289 $ 2 287      
Exercise of stock options, shares   18,000        
Shares withheld related to net share settlement (2,652) $ (10) (2,642)      
Shares withheld related to net share settlement, shares   (104,000)        
Share-based compensation 11,755   11,755      
Net income 15,958     15,958    
Other comprehensive income (loss) 214       214  
Ending balance at Dec. 31, 2023 322,273 $ 1,457 121,752 349,579 (372) (150,143)
Ending balance, shares at Dec. 31, 2023   14,566,000        
Cash dividends (12,324)     (12,324)    
Issuance of restricted stock   $ 41 (41)      
Issuance of restricted stock, shares   424,000        
Exercise of stock options 7 $ 7        
Exercise of stock options, shares   66,000        
Repurchase of common stock (3,540)         (3,540)
Shares withheld related to net share settlement (2,939) $ (13) (2,926)      
Shares withheld related to net share settlement, shares   (135,000)        
Share-based compensation 11,940   11,940      
Net income 41,227     41,227    
Other comprehensive income (loss) 434       434  
Ending balance at Dec. 31, 2024 357,078 $ 1,492 130,725 378,482 62 (153,683)
Ending balance, shares at Dec. 31, 2024   14,921,000        
Cash dividends (12,173)     (12,173)    
Issuance of restricted stock   $ 33 (33)      
Issuance of restricted stock, shares   331,000        
Exercise of stock options $ 7 $ 7        
Exercise of stock options, shares 66,000 66,000        
Repurchase of common stock $ (24,127)         (24,127)
Shares withheld related to net share settlement (4,414) $ (15) (4,399)      
Shares withheld related to net share settlement, shares   (150,000)        
Share-based compensation 12,373   12,373      
Net income 44,412     44,412    
Other comprehensive income (loss) (64)       (64)  
Ending balance at Dec. 31, 2025 $ 373,092 $ 1,517 $ 138,666 $ 410,721 $ (2) $ (177,810)
Ending balance, shares at Dec. 31, 2025   15,168,000        
v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income $ 44,412 $ 41,227 $ 15,958
Adjustments to reconcile net income to net cash provided by operating activities:      
Provision for credit losses 245,432 212,200 220,034
Depreciation and amortization 16,246 14,070 14,634
Amortization of deferred originations fees and costs (15,717) (15,613) (14,644)
Loss on disposal of intangibles, property, and equipment 331 407 867
Loss on sale of restricted AFS investments   20  
Share-based compensation 11,867 11,171 11,755
Deferred income taxes, net 12,648 4,238 112
Changes in operating assets and liabilities:      
Increase (decrease) in unearned insurance premiums 4,828 176 (3,116)
(Increase) decrease in lease assets (5,386) (4,139) 218
(Increase) decrease in other assets (10,093) 2,553 (4,144)
Increase (decrease) in accounts payable and accrued expenses (887) (1,386) 7,628
Increase (decrease) in lease liabilities 5,389 4,003 (136)
Net cash provided by operating activities 309,070 268,927 249,166
Cash flows from investing activities:      
Originations of finance receivables (1,968,262) (1,654,761) (1,544,948)
Repayments of finance receivables 1,516,288 1,355,266 1,280,134
Purchases of intangible assets (12,314) (12,338) (7,378)
Purchases of property and equipment (4,763) (5,054) (4,692)
Purchases of restricted AFS investments (41,910) (25,408) (5,900)
Proceeds from sale of restricted AFS investments   2,206  
Proceeds from maturities of restricted AFS investments 39,779 24,715 4,061
Net cash used in investing activities (471,182) (315,374) (278,723)
Cash flows from financing activities:      
Advances on revolving credit facilities 1,792,449 1,764,971 1,645,346
Payments on revolving credit facilities (1,837,705) (1,694,628) (1,566,736)
Advances on securitizations 517,810 437,305  
Payments on securitizations (300,366) (429,408) (34,890)
Payments for debt issuance costs (8,039) (6,699) (2,769)
Taxes paid related to net share settlement of equity awards (4,206) (2,450) (2,923)
Cash dividends (11,485) (12,142) (11,886)
Repurchases of common stock (23,984) (3,540)  
Proceeds from exercise of stock options     289
Net cash provided by financing activities 124,474 53,409 26,431
Net change in cash and restricted cash (37,638) 6,962 (3,126)
Cash and restricted cash at beginning of period 135,635 128,673 131,799
Cash and restricted cash at end of period 97,997 135,635 128,673
Supplemental cash flow information:      
Interest paid 78,396 69,170 60,083
Income taxes paid 6,111 2,734 3,050
Operating leases paid 12,997 11,541 10,193
Non-cash lease assets obtained in exchange for operating lease liabilities $ 15,535 $ 13,238 $ 8,084
v3.25.4
Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Cash Flows [Abstract]        
Cash $ 3,823 $ 3,951 $ 4,509  
Restricted cash 94,174 131,684 124,164  
Total $ 97,997 $ 135,635 $ 128,673 $ 131,799
v3.25.4
Cybersecurity Risk Management, Strategy and Governance
 12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]

ITEM 1C. CYBERSECURITY.

We recognize the importance of maintaining the security of our electronic networks, information systems, and data. We face significant and persistent cybersecurity threats, including risks heightened by the numerous geographies that we serve; our reliance on complex information networks; remote work among certain of our employees; reliance on digital operations to service certain of our customers; and our use of third-party software and services. Our vendors and customers also face cybersecurity threats. A cybersecurity incident impacting our company or any of our vendors or customers could materially adversely affect our operations and/or financial condition. To protect against and prevent cybersecurity incidents, we employ a comprehensive approach where our Board and management teams work together to oversee our cybersecurity program. We are committed to maintaining robust cybersecurity oversight, controls, and strategies that are designed to help us assess, identify, and manage cybersecurity risks.

Our Board includes members with skills and experience in cybersecurity, technology, and innovation. The Board ultimately oversees cybersecurity risks and evaluates such risks as part of our ERM program. As part of our ERM processes, we utilize a formal corporate risk and governance structure that sets out the roles, responsibilities, and expectations of the various parties involved throughout our company in risk mitigation and management. The Risk Committee of the Board is responsible for approving and periodically reviewing and assessing the effectiveness of our ERM policies and procedures. The Risk Committee also assists the Board in its oversight of risks related to cybersecurity by regularly engaging with management and/or third-party consultants to assess the cyber threat landscape; evaluate our information security program; review the results of penetration testing; and analyze the design, effectiveness, and ongoing enhancement of our capabilities to monitor, prevent, and respond to cyber threats and events. The Risk Committee generally meets with management and/or third-party consultants regarding cybersecurity matters on a quarterly basis. Any material developments are reported by the Risk Committee to the Board. Further, any cybersecurity incidents deemed to have a high impact on our business are also generally reported to the Board, regardless of materiality.

Our SDIS, who holds a graduate degree in cybersecurity and several industry leading cybersecurity certifications, is the management position responsible for our overall information security program including strategy, security engineering, cyber threat detection, and response. The information security team managed by our SDIS contains certified cybersecurity professionals with broad experience and expertise in cybersecurity threat assessment and detection, mitigation technologies, cybersecurity training, incident response, cyber forensics, insider threats, and regulatory compliance, among other areas. The information security team continually evaluates our cybersecurity posture, which aligns with the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF) industry standard, and makes on-going investments in our networks, in addition to performing regular testing of our environment.

In addition, we engage third-party consultants to conduct evaluations of the operational effectiveness of our security controls. These consultants perform penetration testing on our cybersecurity practices and procedures on an annual basis.

Third-party risk is assessed as part of our information security program and includes risk-tiered criteria for due diligence. Contractually, data handling third parties are required to uphold all applicable rules, laws, and regulations in addition to, when applicable, notifying us of cybersecurity events that may negatively impact us or our data.

We also require all employees to perform annual cybersecurity training. We expect our employees to follow our company-wide policies and procedures relating to cybersecurity matters, which include policies related to IT security, remote access, multifactor authentication, use of the internet and social media, and handling of confidential information, among other items. Additionally, while we have insurance coverage in place designed to address certain aspects of cyber risks, such insurance coverage may be insufficient to cover all insured losses or all types of claims that may arise.

While we have not, as of the date of this Form 10-K, experienced a cybersecurity incident that has materially affected our business strategy, results of operations, or financial condition, we may not be successful in preventing or mitigating a cybersecurity incident that could have a material adverse effect on us in the future. See Item 1A. “Risk Factors” for information about our cybersecurity risks.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] To protect against and prevent cybersecurity incidents, we employ a comprehensive approach where our Board and management teams work together to oversee our cybersecurity program.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]

Our Board includes members with skills and experience in cybersecurity, technology, and innovation. The Board ultimately oversees cybersecurity risks and evaluates such risks as part of our ERM program. As part of our ERM processes, we utilize a formal corporate risk and governance structure that sets out the roles, responsibilities, and expectations of the various parties involved throughout our company in risk mitigation and management. The Risk Committee of the Board is responsible for approving and periodically reviewing and assessing the effectiveness of our ERM policies and procedures. The Risk Committee also assists the Board in its oversight of risks related to cybersecurity by regularly engaging with management and/or third-party consultants to assess the cyber threat landscape; evaluate our information security program; review the results of penetration testing; and analyze the design, effectiveness, and ongoing enhancement of our capabilities to monitor, prevent, and respond to cyber threats and events. The Risk Committee generally meets with management and/or third-party consultants regarding cybersecurity matters on a quarterly basis. Any material developments are reported by the Risk Committee to the Board. Further, any cybersecurity incidents deemed to have a high impact on our business are also generally reported to the Board, regardless of materiality.

Our SDIS, who holds a graduate degree in cybersecurity and several industry leading cybersecurity certifications, is the management position responsible for our overall information security program including strategy, security engineering, cyber threat detection, and response. The information security team managed by our SDIS contains certified cybersecurity professionals with broad experience and expertise in cybersecurity threat assessment and detection, mitigation technologies, cybersecurity training, incident response, cyber forensics, insider threats, and regulatory compliance, among other areas. The information security team continually evaluates our cybersecurity posture, which aligns with the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF) industry standard, and makes on-going investments in our networks, in addition to performing regular testing of our environment.

Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] The Risk Committee also assists the Board in its oversight of risks related to cybersecurity by regularly engaging with management and/or third-party consultants to assess the cyber threat landscape; evaluate our information security program; review the results of penetration testing; and analyze the design, effectiveness, and ongoing enhancement of our capabilities to monitor, prevent, and respond to cyber threats and events.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The Risk Committee generally meets with management and/or third-party consultants regarding cybersecurity matters on a quarterly basis. Any material developments are reported by the Risk Committee to the Board. Further, any cybersecurity incidents deemed to have a high impact on our business are also generally reported to the Board, regardless of materiality.
Cybersecurity Risk Role of Management [Text Block] Our Board includes members with skills and experience in cybersecurity, technology, and innovation. The Board ultimately oversees cybersecurity risks and evaluates such risks as part of our ERM program. As part of our ERM processes, we utilize a formal corporate risk and governance structure that sets out the roles, responsibilities, and expectations of the various parties involved throughout our company in risk mitigation and management.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Our SDIS, who holds a graduate degree in cybersecurity and several industry leading cybersecurity certifications, is the management position responsible for our overall information security program including strategy, security engineering, cyber threat detection, and response.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] The information security team managed by our SDIS contains certified cybersecurity professionals with broad experience and expertise in cybersecurity threat assessment and detection, mitigation technologies, cybersecurity training, incident response, cyber forensics, insider threats, and regulatory compliance, among other areas.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The information security team continually evaluates our cybersecurity posture, which aligns with the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF) industry standard, and makes on-going investments in our networks, in addition to performing regular testing of our environment.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure      
Net Income (Loss) $ 44,412 $ 41,227 $ 15,958
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2025
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement

Rule 10b5-1 Trading Arrangements

The following table lists each “Rule 10b5-1 trading arrangement” (as such term is defined in Item 408(a) of Regulation S-K) that was adopted by a Company officer or director for the sale of shares of Company common stock during the three months ended December 31, 2025. No Rule 10b5-1 trading arrangements were terminated by a Company officer or director during the period.

 

Name and Title

 

Date of Adoption

 

Termination Date

 

Maximum Aggregate Number of
Securities that may be Sold

Harpreet Rana,
EVP, Chief Financial and Administrative Officer

 

November 20, 2025

 

December 31, 2026

 

35,358 (1)(2)

Brian J. Fisher,
EVP, Chief Strategy & Development Officer

 

December 10, 2025

 

January 31, 2027

 

52,810 (1)(3)

Catherine R. Atwood,
SVP, General Counsel, and Secretary

 

November 14, 2025

 

December 31, 2026

 

9,000

Steven B. Barnette,
VP and Chief Accounting Officer

 

December 1, 2025

 

January 8, 2027

 

7,132 (1)(4)

(1) The maximum aggregate number of securities that may be sold includes shares of Company common stock that may be withheld by the Company to satisfy income tax withholding and remittance obligations in connection with the net settlement of certain equity awards granted to the officer.

(2) The amount includes (i) the potential sale of up to 17,987 shares of Company common stock plus (ii) the potential exercise of vested stock options and the associated sale of up to 17,371 shares of Company common stock.

(3) The amount includes (i) the potential exercise of vested stock options and the associated sale of up to 28,070 shares of Company common stock, plus (ii) the potential sale of up to 11,762 shares of Company common stock subject to RSAs that vest during the term of the trading arrangement, plus (iii) the potential sale of up to 12,978 PRSUs that vest during the term of the trading arrangement. PRSUs that have not vested and been settled as of February 20, 2026 are assumed to vest at 100% of the target award amount. The actual number of PRSUs that may vest can vary between 0% to 150% of the target award of PRSUs, subject to the achievement of certain performance conditions as set forth in the PRSU award agreement.

(4) The amount includes the potential sale of up to (i) 6,474 shares of Company common stock, plus (ii) 658 shares of Company common stock subject to RSAs that vest during the term of the trading arrangement.

During the three months ended December 31, 2025, none of the Company’s officers or directors adopted or terminated a “non-Rule 10b5-1 trading arrangement” (as such term is are defined in Item 408(a) of Regulation S-K).
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Harpreet Rana [Member]  
Trading Arrangements, by Individual  
Name Harpreet Rana
Title EVP, Chief Financial and Administrative Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date November 20, 2025
Expiration Date December 31, 2026
Aggregate Available 35,358
Brain J Fisher [Member]  
Trading Arrangements, by Individual  
Name Brian J. Fisher
Title EVP, Chief Strategy & Development Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date December 10, 2025
Expiration Date January 31, 2027
Aggregate Available 52,810
Catherine R Atwood [Member]  
Trading Arrangements, by Individual  
Name Catherine R. Atwood
Title SVP, General Counsel, and Secretary
Rule 10b5-1 Arrangement Adopted true
Adoption Date November 14, 2025
Expiration Date December 31, 2026
Aggregate Available 9,000
Steven B Barnette [Member]  
Trading Arrangements, by Individual  
Name Steven B. Barnette
Title VP and Chief Accounting Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date December 1, 2025
Expiration Date January 8, 2027
Aggregate Available 7,132
v3.25.4
Nature of Business
 12 Months Ended
Dec. 31, 2025
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. As of December 31, 2025, 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.

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, higher interest rates, and geopolitical conflict, have impacted the Company’s typical seasonal trends for loan volume and delinquency.
v3.25.4
Significant Accounting Policies
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Significant Accounting Policies

Note 2. 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.

Business segments: The Company has one reportable segment, which is the consumer finance segment.

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 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. The Company adopted and applied the update on a retrospective basis for all prior periods presented in the financial statements, and upon transition, the disaggregation of tax disclosures disclosed in the prior periods are based on the tax categories identified and disclosed in the period of adoption, if applicable. Implementation of the update did not have a financial effect on the Company’s consolidated financial statements. See Note 14, “Income Taxes,” for the Company’s enhanced disclosures to reflect the adoption of this update.

In November 2024, the FASB issued ASU 2024-03, enhancing the disclosures about a company’s expenses. The amendment, among other things, improves these disclosures by requiring disaggregated expense information about a company’s expense types. The amendments in this update are effective for annual periods beginning after December 15, 2026, and early adoption is permitted. The enhanced expense guidance can be applied on either a prospective (for financial statements issued during reporting periods after the effective date of this ASU) or retrospective (to any or all prior periods presented) basis. The Company is currently evaluating the impact of this update on its consolidated financial statements.

In September 2025, the FASB issued ASU 2025-06, amending the criteria for capitalization of internal-use software costs. The amendment, among other things, removes references to development stages and requires consideration of whether significant development uncertainty is present as part of the recognition threshold. The amendments in this update are effective for annual periods beginning after December 15, 2027, and early adoption is permitted as of the beginning of an annual reporting period. The amended guidance can be applied on a prospective, modified, or retrospective basis. The Company is currently evaluating the impact of this update on its consolidated financial statements.

Treasury stock: The Company records the repurchase of shares of its common stock at cost on the settlement date of the transaction. These shares are considered treasury stock, which is a reduction to stockholders’ equity. Treasury stock is included in authorized and issued shares but excluded from outstanding shares.

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.

Delinquency: The Company determines past due status using the contractual terms of the finance receivable. Delinquency is one of the primary credit quality indicators used to evaluate the allowance for credit losses for each class of finance receivables.

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 or renewed.

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. Generally, loans resume accruing interest when the past due status is brought below 90 days. Certain loan modification programs allow for past due status to be brought current but remain in nonaccrual status until payment activity is re-established. 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.

Property and equipment: Leasehold improvements are depreciated over the shorter of their useful lives or the remaining term of the lease. Furniture and equipment are depreciated on the straight-line method over their estimated useful lives, generally five to ten years. Maintenance and repairs are charged to expense as incurred.

Leases: The Company leases its current headquarters building. Branch offices are leased under non-cancellable leases of three to seven years with renewal options. The Company’s lease liability is based on the present value of the remaining minimum rental payments using a discount rate that is based on the Company’s incremental borrowing rate on its senior revolving credit facility. The Company’s lease asset includes right-of-use assets equaling the lease liability, net of prepaid rent and deferred rents that existed as

of the adoption of the current lease accounting standard. In addition to rent, the Company typically pays for all operating expenses, property taxes, and repairs and maintenance.

The Company assesses its leased assets for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. If a lease is impaired, the impairment loss is recognized in lease costs and the right-of-use asset is reduced to the impaired value.

Lease agreements with terms of twelve months or less are not capitalized as part of lease assets or liabilities and are expensed as incurred. The Company accounts for each separate lease component of a contract and its associated non-lease components as a single lease component for its branch leases. The Company has elected not to apply this policy in relation to the corporate headquarters lease. The Company has also determined that it is reasonably certain that the first option to extend lease contracts will be exercised for new branch locations; therefore, the first option to extend is included in the lease asset and liability calculation.

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 AFS investments: The Company classifies its investments in debt securities that were purchased with the Company’s restricted cash as restricted AFS 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 AFS investments are specifically identified and reclassified from accumulated other comprehensive income or loss and included within earnings on the consolidated statement of income.

Income recognition: Interest income is recognized using the interest method (constant yield method). Therefore, the Company recognizes revenue from interest at an equal rate over the term of the loan. Unearned finance charges on pre-compute contracts are rebated to customers utilizing statutory methods, which in many cases is the sum-of-the-years’ digits method. The difference between income recognized under the constant yield method and the statutory method is recognized as an adjustment to interest income at the time of rebate.

The Company recognizes income on credit life insurance, credit personal property insurance, and vehicle single interest insurance using the sum-of-the-years’ digits or straight-line methods over the terms of the policies. The Company recognizes income on credit accident and health insurance using the average of the sum-of-the-years’ digits and the straight-line methods over the terms of the policies. The Company recognizes income on credit involuntary unemployment insurance using the straight-line method over the terms of the policies. Rebates are computed using statutory methods, which in many cases match the GAAP method, and where it does not match, the difference between the GAAP method and the statutory method is recognized in income at the time of rebate. Fee income for non-file insurance is recognized using the sum-of-the-years’ digits method over the loan term.

Charges for late fees are recognized as income when collected.

Share-based compensation: The Company measures compensation expense for share-based awards at estimated fair value and recognizes compensation expense over the service period for awards expected to vest. In addition, compensation expense for certain performance awards may be impacted by the probability of certain financial goals being achieved over the relevant performance period. 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. When applicable, 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.

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.

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 relative total shareholder return, plus an additive 20% based on pre-provision return on assets over the performance period, resulting in a maximum payout of 170%. PRSUs granted prior to 2025 may earn 0% to 150% of target based on achievement of total shareholder return performance concluding at the end of the third calendar year.

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, an RSA was issued following the one-year performance period that vested ratably over a subsequent two-year period (subject to continued employment or as otherwise provided in the underlying award agreement).

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).

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 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.

Marketing costs: Marketing costs are expensed as incurred.

Income taxes: The Company records a tax provision for the anticipated tax consequences of its reported operating results. The provision for income taxes is computed using the asset and liability method, under which 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 effects of future tax rate changes are recognized in the period when the enactment of new rates occurs.

The Company recognizes the financial statement effects of a tax position when it is more likely than not, based on technical merits, the position will be sustained upon examination. The tax benefits of the position recognized in the consolidated financial statements are then measured based on the largest amount of benefit that is greater than 50% likely to be realized upon settlement with a taxing authority.

The Company recognizes the tax benefits or deficiencies from the exercise or vesting of share-based awards in the income tax line of the consolidated statements of comprehensive income, in the period of exercise or vesting.

Earnings per share: Earnings per share have been computed based on dividing net income by the weighted-average number of common shares outstanding during each reporting period presented. Common shares issuable upon the exercise of share-based compensation, which are computed using the treasury stock method, are included in the computation of diluted earnings per share. The Company uses the treasury stock method to calculate the effect of outstanding awards, by computing total employee proceeds as the sum of the amount employees must pay upon exercise of the awards and the amount of unearned share-based compensation costs attributable to future services.
v3.25.4
Concentrations of Credit Risk
 12 Months Ended
Dec. 31, 2025
Risks and Uncertainties [Abstract]  
Concentrations of Credit Risk

Note 3. Concentrations of Credit Risk

As of December 31, 2025, customers living in Texas and North Carolina accounted for 30% and 15%, respectively, of the Company’s net finance receivables. Customers living in Texas, North Carolina, and South Carolina accounted for 30%, 16%, and 10%, respectively, of the Company’s net finance receivables as of December 31, 2024. Given the primary concentration of the Company’s portfolio of finance receivables in these states, such customers’ ability to honor their installment contracts may be affected by economic conditions in these states.

The Company maintains amounts in bank accounts which, at times, may exceed federally insured limits. The Company has not experienced losses in such accounts, which are maintained with large domestic banks. Management believes the Company’s exposure to credit risk is minimal for these accounts.

v3.25.4
Finance Receivables, Credit Quality Information, and Allowance for Credit Losses
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Finance Receivables, Credit Quality Information, and Allowance for Credit Losses

Note 4. Finance Receivables, Credit Quality Information, and Allowance for Credit Losses

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

 

 

 

December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

Large loans

 

$

1,593,171

 

 

$

1,336,780

 

Small loans

 

 

547,028

 

 

 

555,755

 

Total

 

$

2,140,199

 

 

$

1,892,535

 

 

Net finance receivables included net deferred origination fees of $15.1 million and $15.7 million as of December 31, 2025 and 2024, 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 December 31, 2025 are as follows:

 

 

Net Finance Receivables by Origination Year

 

Dollars in thousands

2025

 

2024

 

2023

 

2022

 

2021

 

Prior

 

Total Net Finance Receivables

 

Large Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FICO Band

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

$

119,724

 

$

36,692

 

$

15,225

 

$

5,034

 

$

1,453

 

$

382

 

$

178,510

 

2

 

75,189

 

 

21,423

 

 

6,854

 

 

2,086

 

 

383

 

 

48

 

 

105,983

 

3

 

121,142

 

 

35,473

 

 

13,157

 

 

5,398

 

 

739

 

 

51

 

 

175,960

 

4

 

160,692

 

 

50,359

 

 

20,102

 

 

8,588

 

 

1,130

 

 

77

 

 

240,948

 

5

 

173,379

 

 

58,320

 

 

22,357

 

 

9,995

 

 

1,893

 

 

90

 

 

266,034

 

6

 

411,650

 

 

133,932

 

 

55,991

 

 

20,631

 

 

3,397

 

 

135

 

 

625,736

 

Total

$

1,061,776

 

$

336,199

 

$

133,686

 

$

51,732

 

$

8,995

 

$

783

 

$

1,593,171

 

Small Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FICO Band

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

$

82,635

 

$

12,526

 

$

1,937

 

$

267

 

$

56

 

$

13

 

$

97,434

 

2

 

36,601

 

 

6,164

 

 

783

 

 

62

 

 

2

 

 

—

 

 

43,612

 

3

 

53,879

 

 

9,494

 

 

1,042

 

 

97

 

 

8

 

 

—

 

 

64,520

 

4

 

62,360

 

 

12,597

 

 

1,428

 

 

76

 

 

4

 

 

3

 

 

76,468

 

5

 

63,637

 

 

16,817

 

 

1,732

 

 

91

 

 

5

 

 

1

 

 

82,283

 

6

 

136,833

 

 

42,405

 

 

3,365

 

 

98

 

 

9

 

 

1

 

 

182,711

 

Total

$

435,945

 

$

100,003

 

$

10,287

 

$

691

 

$

84

 

$

18

 

$

547,028

 

Total Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FICO Band

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

$

202,359

 

$

49,218

 

$

17,162

 

$

5,301

 

$

1,509

 

$

395

 

$

275,944

 

2

 

111,790

 

 

27,587

 

 

7,637

 

 

2,148

 

 

385

 

 

48

 

 

149,595

 

3

 

175,021

 

 

44,967

 

 

14,199

 

 

5,495

 

 

747

 

 

51

 

 

240,480

 

4

 

223,052

 

 

62,956

 

 

21,530

 

 

8,664

 

 

1,134

 

 

80

 

 

317,416

 

5

 

237,016

 

 

75,137

 

 

24,089

 

 

10,086

 

 

1,898

 

 

91

 

 

348,317

 

6

 

548,483

 

 

176,337

 

 

59,356

 

 

20,729

 

 

3,406

 

 

136

 

 

808,447

 

Total

$

1,497,721

 

$

436,202

 

$

143,973

 

$

52,423

 

$

9,079

 

$

801

 

$

2,140,199

 

 

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

$

86,776

 

$

37,750

 

$

12,457

 

$

3,950

 

$

793

 

$

373

 

$

142,099

 

2

 

55,211

 

 

19,464

 

 

6,171

 

 

1,602

 

 

173

 

 

92

 

 

82,713

 

3

 

90,642

 

 

35,777

 

 

16,579

 

 

4,224

 

 

339

 

 

59

 

 

147,620

 

4

 

125,867

 

 

52,564

 

 

25,521

 

 

6,140

 

 

570

 

 

100

 

 

210,762

 

5

 

137,243

 

 

58,604

 

 

28,564

 

 

8,148

 

 

784

 

 

36

 

 

233,379

 

6

 

300,714

 

 

140,149

 

 

62,303

 

 

15,514

 

 

1,464

 

 

63

 

 

520,207

 

Total

$

796,453

 

$

344,308

 

$

151,595

 

$

39,578

 

$

4,123

 

$

723

 

$

1,336,780

 

Small Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FICO Band

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

$

67,809

 

$

11,905

 

$

1,737

 

$

257

 

$

40

 

$

28

 

$

81,776

 

2

 

32,851

 

 

5,799

 

 

755

 

 

61

 

 

4

 

 

2

 

 

39,472

 

3

 

52,846

 

 

9,456

 

 

1,061

 

 

76

 

 

4

 

 

2

 

 

63,445

 

4

 

67,200

 

 

12,903

 

 

1,161

 

 

94

 

 

9

 

 

7

 

 

81,374

 

5

 

75,458

 

 

16,882

 

 

1,500

 

 

69

 

 

3

 

 

3

 

 

93,915

 

6

 

160,551

 

 

32,671

 

 

2,462

 

 

80

 

 

5

 

 

4

 

 

195,773

 

Total

$

456,715

 

$

89,616

 

$

8,676

 

$

637

 

$

65

 

$

46

 

$

555,755

 

Total Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FICO Band

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

$

154,585

 

$

49,655

 

$

14,194

 

$

4,207

 

$

833

 

$

401

 

$

223,875

 

2

 

88,062

 

 

25,263

 

 

6,926

 

 

1,663

 

 

177

 

 

94

 

 

122,185

 

3

 

143,488

 

 

45,233

 

 

17,640

 

 

4,300

 

 

343

 

 

61

 

 

211,065

 

4

 

193,067

 

 

65,467

 

 

26,682

 

 

6,234

 

 

579

 

 

107

 

 

292,136

 

5

 

212,701

 

 

75,486

 

 

30,064

 

 

8,217

 

 

787

 

 

39

 

 

327,294

 

6

 

461,265

 

 

172,820

 

 

64,765

 

 

15,594

 

 

1,469

 

 

67

 

 

715,980

 

Total

$

1,253,168

 

$

433,924

 

$

160,271

 

$

40,215

 

$

4,188

 

$

769

 

$

1,892,535

 

 

Credit losses by product and origination year for the periods indicated are as follows:

 

 

Year Ended December 31, 2025

 

Dollars in thousands

2025

 

2024

 

2023

 

2022

 

2021

 

Prior

 

Total Credit Losses

 

Large loans

$

12,624

 

$

67,939

 

$

38,427

 

$

14,126

 

$

3,435

 

$

547

 

$

137,098

 

Small loans

 

16,337

 

 

67,370

 

 

16,596

 

 

1,608

 

 

117

 

 

34

 

 

102,062

 

Total

$

28,961

 

$

135,309

 

$

55,023

 

$

15,734

 

$

3,552

 

$

581

 

$

239,160

 

 

 

Year Ended December 31, 2024

 

Dollars in thousands

2024

 

2023

 

2022

 

2021

 

2020

 

Prior

 

Total Credit Losses

 

Large loans

$

9,699

 

$

67,711

 

$

39,070

 

$

11,197

 

$

1,541

 

$

474

 

$

129,692

 

Small loans

 

13,156

 

 

55,584

 

 

11,757

 

 

1,054

 

 

56

 

 

43

 

 

81,650

 

Total

$

22,855

 

$

123,295

 

$

50,827

 

$

12,251

 

$

1,597

 

$

517

 

$

211,342

 

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

 

 

December 31, 2025

 

 

Large

 

Small

 

Total

 

Dollars in thousands

$

 

%

 

$

 

%

 

$

 

%

 

Current

$

1,372,102

 

 

86.1

%

$

437,005

 

 

79.9

%

$

1,809,107

 

 

84.5

%

1 to 29 days past due

 

121,113

 

 

7.6

%

 

48,745

 

 

8.9

%

 

169,858

 

 

8.0

%

Delinquent accounts:

 

 

 

 

 

 

 

 

 

 

 

 

30 to 59 days

 

26,940

 

 

1.7

%

 

14,295

 

 

2.6

%

 

41,235

 

 

1.9

%

60 to 89 days

 

23,576

 

 

1.5

%

 

13,582

 

 

2.5

%

 

37,158

 

 

1.7

%

90 to 119 days

 

18,957

 

 

1.2

%

 

11,861

 

 

2.2

%

 

30,818

 

 

1.5

%

120 to 149 days

 

16,715

 

 

1.0

%

 

11,050

 

 

2.0

%

 

27,765

 

 

1.3

%

150 to 179 days

 

13,768

 

 

0.9

%

 

10,490

 

 

1.9

%

 

24,258

 

 

1.1

%

Total delinquency

$

99,956

 

 

6.3

%

$

61,278

 

 

11.2

%

$

161,234

 

 

7.5

%

Total net finance receivables

$

1,593,171

 

 

100.0

%

$

547,028

 

 

100.0

%

$

2,140,199

 

 

100.0

%

Net finance receivables in nonaccrual status

$

62,351

 

 

3.9

%

$

38,269

 

 

7.0

%

$

100,620

 

 

4.7

%

 

 

December 31, 2024

 

 

Large

 

Small

 

Total

 

Dollars in thousands

$

 

%

 

$

 

%

 

$

 

%

 

Current

$

1,139,070

 

 

85.2

%

$

451,311

 

 

81.2

%

$

1,590,381

 

 

84.0

%

1 to 29 days past due

 

109,656

 

 

8.2

%

 

46,656

 

 

8.4

%

 

156,312

 

 

8.3

%

Delinquent accounts:

 

 

 

 

 

 

 

 

 

 

 

 

30 to 59 days

 

22,909

 

 

1.7

%

 

14,039

 

 

2.5

%

 

36,948

 

 

1.9

%

60 to 89 days

 

21,493

 

 

1.6

%

 

13,749

 

 

2.5

%

 

35,242

 

 

1.9

%

90 to 119 days

 

16,609

 

 

1.3

%

 

11,476

 

 

2.1

%

 

28,085

 

 

1.5

%

120 to 149 days

 

14,357

 

 

1.1

%

 

9,630

 

 

1.7

%

 

23,987

 

 

1.3

%

150 to 179 days

 

12,686

 

 

0.9

%

 

8,894

 

 

1.6

%

 

21,580

 

 

1.1

%

Total delinquency

$

88,054

 

 

6.6

%

$

57,788

 

 

10.4

%

$

145,842

 

 

7.7

%

Total net finance receivables

$

1,336,780

 

 

100.0

%

$

555,755

 

 

100.0

%

$

1,892,535

 

 

100.0

%

Net finance receivables in nonaccrual status

$

54,228

 

 

4.1

%

$

34,602

 

 

6.2

%

$

88,830

 

 

4.7

%

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. The Company reversed $27.6 million, $23.6 million, and $24.2 million of accrued interest as a reduction of interest and fee income for the years ended December 31, 2025, 2024, and 2023, respectively.

The following are changes in the allowance for credit losses by product for the periods indicated:

 

 

As of and For the Year Ended December 31, 2025

 

Dollars in thousands

Large

 

Small

 

Total

 

Beginning balance

$

133,506

 

$

65,994

 

$

199,500

 

Provision for credit losses

 

146,401

 

 

99,031

 

 

245,432

 

Credit losses

 

(137,098

)

 

(102,062

)

 

(239,160

)

Recoveries

 

9,491

 

 

5,637

 

 

15,128

 

Ending balance

$

152,300

 

$

68,600

 

$

220,900

 

Net finance receivables

$

1,593,171

 

$

547,028

 

$

2,140,199

 

Allowance as percentage of net finance receivables

 

9.6

%

 

12.5

%

 

10.3

%

 

 

As of and For the Year Ended December 31, 2024

 

Dollars in thousands

Large

 

Small

 

Total

 

Beginning balance

$

127,992

 

$

59,408

 

$

187,400

 

Provision for credit losses

 

128,190

 

 

84,010

 

 

212,200

 

Credit losses

 

(129,692

)

 

(81,650

)

 

(211,342

)

Recoveries

 

7,016

 

 

4,226

 

 

11,242

 

Ending balance

$

133,506

 

$

65,994

 

$

199,500

 

Net finance receivables

$

1,336,780

 

$

555,755

 

$

1,892,535

 

Allowance as percentage of net finance receivables

 

10.0

%

 

11.9

%

 

10.5

%

 

 

 

As of and For the Year Ended December 31, 2023

 

Dollars in thousands

Large

 

Small

 

Total

 

Beginning balance

$

119,592

 

$

59,208

 

$

178,800

 

Provision for credit losses

 

136,638

 

 

83,396

 

 

220,034

 

Credit losses

 

(133,918

)

 

(87,015

)

 

(220,933

)

Recoveries

 

5,680

 

 

3,819

 

 

9,499

 

Ending balance

$

127,992

 

$

59,408

 

$

187,400

 

Net finance receivables

$

1,274,137

 

$

497,273

 

$

1,771,410

 

Allowance as percentage of net finance receivables

 

10.0

%

 

11.9

%

 

10.6

%

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, refinancing, 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, unless the deferral exceeds three deferrals in a rolling twelve-month period.
•
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 and their related percentage of applicable net finance receivables for the periods indicated are as follows:

 

 

 

As of and for the Year Ended December 31, 2025

 

 

 

Large

 

 

Small

 

 

Total

 

Dollars in thousands

 

$

 

%

 

 

$

 

%

 

 

$

 

%

 

Interest rate reduction

 

$

16,328

 

 

1.0

%

 

$

4,968

 

 

1.0

%

 

$

21,296

 

 

1.0

%

Interest rate reduction & term extension

 

 

6,007

 

 

0.4

%

 

 

1,109

 

 

0.2

%

 

 

7,116

 

 

0.3

%

Term extension

 

 

1,030

 

 

0.1

%

 

 

215

 

 

—

 

 

 

1,245

 

 

0.1

%

Principal forgiveness, interest rate reduction, & term extension

 

 

699

 

 

—

 

 

 

23

 

 

—

 

 

 

722

 

 

—

 

Total

 

$

24,064

 

 

1.5

%

 

$

6,315

 

 

1.2

%

 

$

30,379

 

 

1.4

%

 

 

 

As of and for the Year Ended December 31, 2024

 

 

 

Large

 

 

Small

 

 

Total

 

Dollars in thousands

 

$

 

%

 

 

$

 

%

 

 

$

 

%

 

Interest rate reduction

 

$

5,729

 

 

0.4

%

 

$

2,545

 

 

0.5

%

 

$

8,274

 

 

0.4

%

Interest rate reduction & term extension

 

 

9,155

 

 

0.8

%

 

 

1,446

 

 

0.2

%

 

 

10,601

 

 

0.6

%

Term extension

 

 

1,792

 

 

0.1

%

 

 

386

 

 

0.1

%

 

 

2,178

 

 

0.1

%

Principal forgiveness, interest rate reduction, & term extension

 

 

586

 

 

—

 

 

 

28

 

 

—

 

 

 

614

 

 

—

 

Total

 

$

17,262

 

 

1.3

%

 

$

4,405

 

 

0.8

%

 

$

21,667

 

 

1.1

%

 

 

 

As of and for the Year Ended December 31, 2023

 

 

 

Large

 

 

Small

 

 

Total

 

Dollars in thousands

 

$

 

%

 

 

$

 

%

 

 

$

 

%

 

Interest rate reduction & term extension

 

$

12,687

 

 

1.0

%

 

$

2,112

 

 

0.4

%

 

$

14,799

 

 

0.8

%

Term extension

 

 

930

 

 

0.1

%

 

 

346

 

 

0.1

%

 

 

1,276

 

 

0.1

%

Principal forgiveness, interest rate reduction, & term extension

 

 

288

 

 

—

 

 

 

37

 

 

—

 

 

 

325

 

 

—

 

Total

 

$

13,905

 

 

1.1

%

 

$

2,495

 

 

0.5

%

 

$

16,400

 

 

0.9

%

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

 

 

 

Year Ended December 31, 2025

Loan Modification

 

Product

 

Financial Effect

Interest rate reduction

 

Large loans

 

Reduced the weighted-average contractual interest rate by 18.0%.

 

 

Small loans

 

Reduced the weighted-average contractual interest rate by 29.5%.

Term extension

 

Large loans

 

Added a weighted-average 1.5 years to the life of loans.

 

 

Small loans

 

Added a weighted-average 1.4 years to the life of loans.

Principal forgiveness

 

Large loans

 

Reduced the amortized cost basis of the loans by $1.1 million.

 

 

Small loans

 

Reduced the amortized cost basis of the loans by $0.4 million.

 

 

 

Year Ended December 31, 2024

Loan Modification

 

Product

 

Financial Effect

Interest rate reduction

 

Large loans

 

Reduced the weighted-average contractual interest rate by 12.6%.

 

 

Small loans

 

Reduced the weighted-average contractual interest rate by 24.4%.

Term extension

 

Large loans

 

Added a weighted-average 1.5 years to the life of loans.

 

 

Small loans

 

Added a weighted-average 1.4 years to the life of loans.

Principal forgiveness

 

Large loans

 

Reduced the amortized cost basis of the loans by $1.3 million.

 

 

Small loans

 

Reduced the amortized cost basis of the loans by $0.5 million.

 

 

 

 

Year Ended December 31, 2023

Loan Modification

 

Product

 

Financial Effect

Interest rate reduction

 

Large loans

 

Reduced the weighted-average contractual interest rate by 10.7%.

 

 

Small loans

 

Reduced the weighted-average contractual interest rate by 13.6%.

Term extension

 

Large loans

 

Added a weighted-average 1.5 years to the life of loans.

 

 

Small loans

 

Added a weighted-average 1.4 years to the life of loans.

Principal forgiveness

 

Large loans

 

Reduced the amortized cost basis of the loans by $1.0 million.

 

 

Small loans

 

Reduced the amortized cost basis of the loans by $0.5 million.

The following tables provide 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 Year Ended December 31, 2025

 

Dollars in thousands

 

Large

 

 

Small

 

 

Total

 

Interest rate reduction

 

$

4,420

 

 

$

1,358

 

 

$

5,778

 

Interest rate reduction & term extension

 

 

1,255

 

 

 

237

 

 

 

1,492

 

Term extension

 

 

162

 

 

 

38

 

 

 

200

 

Principal forgiveness, interest rate reduction, & term extension

 

 

87

 

 

 

—

 

 

 

87

 

Total

 

$

5,924

 

 

$

1,633

 

 

$

7,557

 

 

 

 

As of and for the Year Ended December 31, 2024

 

Dollars in thousands

 

Large

 

 

Small

 

 

Total

 

Interest rate reduction

 

$

858

 

 

$

280

 

 

$

1,138

 

Interest rate reduction & term extension

 

 

1,608

 

 

 

319

 

 

 

1,927

 

Term extension

 

 

231

 

 

 

52

 

 

 

283

 

Principal forgiveness, interest rate reduction, & term extension

 

 

30

 

 

 

6

 

 

 

36

 

Total

 

$

2,727

 

 

$

657

 

 

$

3,384

 

 

 

 

As of and for the Year Ended December 31, 2023

 

Dollars in thousands

 

Large

 

 

Small

 

 

Total

 

Interest rate reduction

 

$

—

 

 

$

—

 

 

$

—

 

Interest rate reduction & term extension

 

 

1,334

 

 

 

248

 

 

 

1,582

 

Term extension

 

 

27

 

 

 

3

 

 

 

30

 

Principal forgiveness, interest rate reduction, & term extension

 

 

16

 

 

 

3

 

 

 

19

 

Total

 

$

1,377

 

 

$

254

 

 

$

1,631

 

 

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

 

 

 

December 31, 2025

 

Dollars in thousands

 

Large

 

 

Small

 

 

Total

 

Current

 

$

17,453

 

 

$

4,266

 

 

$

21,719

 

30 - 89 days past due

 

 

3,570

 

 

 

1,081

 

 

 

4,651

 

90+ days past due

 

 

3,041

 

 

 

968

 

 

 

4,009

 

Total (1)

 

$

24,064

 

 

$

6,315

 

 

$

30,379

 

(1) Excludes modified finance receivables that subsequently charged off of $3.3 million and $1.3 million in large and small loans, respectively.

 

 

December 31, 2024

 

Dollars in thousands

 

Large

 

 

Small

 

 

Total

 

Current

 

$

13,207

 

 

$

3,138

 

 

$

16,345

 

30 - 89 days past due

 

 

2,410

 

 

 

799

 

 

 

3,209

 

90+ days past due

 

 

1,645

 

 

 

468

 

 

 

2,113

 

Total (1)

 

$

17,262

 

 

$

4,405

 

 

$

21,667

 

(1) Excludes modified finance receivables that subsequently charged off of $1.4 million and $0.2 million in large and small loans, respectively.
v3.25.4
Restricted Available-for-Sale Investments
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Restricted Available-for-Sale Investments

Note 5. 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 AFS investments as of the periods indicated:

 

 

 

December 31, 2025

 

Dollars in thousands

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Estimated Fair Value

 

Restricted investments

 

$

24,213

 

 

$

—

 

 

$

(2

)

 

$

24,211

 

 

 

 

December 31, 2024

 

Dollars in thousands

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Estimated Fair Value

 

Restricted investments

 

$

21,633

 

 

$

92

 

 

$

(13

)

 

$

21,712

 

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

 

 

 

December 31, 2025

 

 

 

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

 

$

22,000

 

 

$

(2

)

 

$

—

 

 

$

—

 

 

$

22,000

 

 

$

(2

)

 

 

 

December 31, 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

 

$

2,205

 

 

$

(13

)

 

$

—

 

 

$

—

 

 

$

2,205

 

 

$

(13

)

The restricted AFS investments consist of U.S. Treasuries which are measured at fair value and include accrued interest receivables of $13 thousand at December 31, 2025 and 2024. 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 AFS investments.

The following tables include the amortized cost and estimated fair values of restricted AFS investments by contractual maturity as of the period indicated:

 

 

 

December 31, 2025

 

Dollars in thousands

 

Amortized Cost

 

 

Estimated Fair Value

 

Due in one year

 

$

24,213

 

 

$

24,211

 

Due within one year to five years

 

 

—

 

 

 

—

 

Due within five years to ten years

 

 

—

 

 

 

—

 

Due after ten years

 

 

—

 

 

 

—

 

Total

 

$

24,213

 

 

$

24,211

 

 

The Company had no gross realized gains or losses for both the years ended December 31, 2025 and 2023. The Company had gross realized losses of $20 thousand for the year ended December 31, 2024. For additional information on the Company's restricted AFS investments, see Note 13, “Fair Value Measurements.”
v3.25.4
Property and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 6. Property and Equipment

For the periods indicated, property and equipment consisted of the following:

 

 

 

December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

Furniture, fixtures, and equipment

 

$

29,095

 

 

$

28,285

 

Leasehold improvements

 

 

18,658

 

 

 

18,033

 

Property and equipment cost

 

 

47,753

 

 

 

46,318

 

Less accumulated depreciation

 

 

34,597

 

 

 

32,641

 

Property and equipment, net

 

$

13,156

 

 

$

13,677

 

Depreciation expense for the years ended December 31, 2025, 2024, and 2023 totaled $5.0 million, $4.8 million, and $4.6 million, respectively.

v3.25.4
Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases

Note 7. Leases

The Company maintains lease agreements related to its branch network and for its corporate headquarters. The branch lease agreements range from three to seven years and generally contain options to extend from three to five years. The corporate headquarters lease agreement is for eleven years and contains options to extend for ten years. All of the Company’s lease agreements are considered operating leases. None of the Company’s lease payments are dependent on an index that may change after the commencement date.

The Company’s rent expense for the periods indicated is as follows:

 

 

 

Year Ended December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

 

2023

 

Operating leases

 

$

13,136

 

 

$

11,526

 

 

$

10,587

 

Short-term leases

 

 

186

 

 

 

221

 

 

 

447

 

Total

 

$

13,322

 

 

$

11,747

 

 

$

11,034

 

The Company’s weighted-average remaining lease term and discount rate for the periods indicated are as follows:

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Weighted-average remaining lease term (in years)

 

 

5.3

 

 

 

5.1

 

Weighted-average discount rate

 

 

6.5

%

 

 

6.2

%

 

Future minimum lease payments on the Company’s lease liabilities are as follows:

 

Dollars in thousands

 

December 31, 2025

 

2026

 

$

12,394

 

2027

 

 

11,677

 

2028

 

 

8,818

 

2029

 

 

6,830

 

2030

 

 

5,092

 

Thereafter

 

 

10,152

 

Total

 

 

54,963

 

Present value adjustment

 

 

(8,995

)

Lease liability

 

$

45,968

 
v3.25.4
Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 8. Intangible Assets

The following table provides the gross carrying amount and related accumulated amortization of intangible assets for the periods indicated:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Dollars in thousands

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Software

 

$

56,687

 

 

$

(25,622

)

 

$

31,065

 

 

$

43,869

 

 

$

(20,061

)

 

$

23,808

 

Other

 

 

950

 

 

 

(234

)

 

 

716

 

 

 

950

 

 

 

(234

)

 

 

716

 

Total

 

$

57,637

 

 

$

(25,856

)

 

$

31,781

 

 

$

44,819

 

 

$

(20,295

)

 

$

24,524

 

Intangible amortization expense for the years ended December 31, 2025, 2024, and 2023 totaled $5.6 million, $4.4 million, and $3.7 million, respectively. As of December 31, 2025, the Company’s weighted-average amortization period for software was 6.0 years. The following table sets forth the future amortization of software:

 

Dollars in thousands

 

Amount

 

2026

 

$

7,547

 

2027

 

 

6,814

 

2028

 

 

5,871

 

2029

 

 

3,999

 

2030

 

 

3,099

 

Thereafter

 

 

3,735

 

Total

 

$

31,065

 
v3.25.4
Other Assets
 12 Months Ended
Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets

Note 9. Other Assets

Other assets include the following as of the periods indicated:

 

 

 

December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

Prepaid expenses

 

$

8,776

 

 

$

8,690

 

Income tax receivable

 

 

7,055

 

 

 

1,708

 

Credit insurance receivable

 

 

3,555

 

 

 

2,840

 

Card payments receivable

 

 

3,522

 

 

 

2,587

 

Warehouse credit facilities debt issue costs

 

 

1,838

 

 

 

2,236

 

Other

 

 

1,808

 

 

 

2,805

 

Total

 

$

26,554

 

 

$

20,866

 
v3.25.4
Variable Interest Entities
 12 Months Ended
Dec. 31, 2025
Variable Interest Entities [Abstract]  
Variable Interest Entities

Note 10. Variable Interest Entities

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 Company’s revolving warehouse credit facilities and securitizations 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 $81.8 million and $117.1 million as of December 31, 2025 and December 31, 2024, 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 the Company’s consolidated VIEs:

 

Dollars in thousands

 

December 31, 2025

 

 

December 31, 2024

 

Assets

 

 

 

 

 

 

Cash

 

$

200

 

 

$

378

 

Net finance receivables

 

 

1,601,780

 

 

 

1,317,604

 

Allowance for credit losses

 

 

(160,971

)

 

 

(136,850

)

Restricted cash

 

 

93,966

 

 

 

130,970

 

Other assets

 

 

2,242

 

 

 

3,078

 

Total assets

 

$

1,537,217

 

 

$

1,315,180

 

Liabilities

 

 

 

 

 

 

Net debt

 

$

1,455,320

 

 

$

1,253,096

 

Accounts payable and accrued expenses

 

 

21

 

 

 

19

 

Total liabilities

 

$

1,455,341

 

 

$

1,253,115

 
v3.25.4
Debt
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Debt

Note 11. Debt

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

 

 

December 31, 2025

 

December 31, 2024

 

Dollars in thousands

Debt

 

Unamortized Debt Issuance Costs (1)

 

Net Debt

 

Debt

 

Unamortized Debt Issuance Costs (1)

 

Net Debt

 

Revolving credit facilities

$

270,186

 

$

(1,747

)

$

268,439

 

$

315,904

 

$

(437

)

$

315,467

 

Securitizations

 

1,380,578

 

 

(6,844

)

 

1,373,734

 

 

1,162,432

 

 

(5,901

)

 

1,156,531

 

Total

$

1,650,764

 

$

(8,591

)

$

1,642,173

 

$

1,478,336

 

$

(6,338

)

$

1,471,998

 

Unused amount of revolving credit facilities (subject to borrowing base)

$

511,420

 

 

 

 

 

$

466,164

 

 

 

 

 

(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 $1.8 million and $2.2 million in such costs as of December 31, 2025 and December 31, 2024, respectively.

Revolving Credit Facilities: The Company’s revolving credit facilities are secured by substantially all of the Company’s finance receivables and equity interests of the majority of its subsidiaries. The Company pays unused commitment fees on its revolving credit

facilities, generally based upon the average outstanding balance. As of December 31, 2025, the Company held $3.8 million in unrestricted cash. The Company had $145.3 million of immediate available liquidity to draw down cash under its revolving credit facilities as of December 31, 2025. Each of the Company’s revolving warehouse credit facilities holds restricted cash reserves to satisfy provisions of its respective credit agreement.

The following table includes the key terms under each of the Company’s revolving credit facilities as of December 31, 2025:

 

Dollars in thousands

Total Credit Facility

 

Debt Balance

 

Restricted Cash Reserves

 

Advance Rate Cap

 

Current Advance Rate

 

Unused Commitment Fee

 

Revolving Period End Date

 

Maturity Date

Senior (1) (2)

$

355,000

 

$

188,600

 

$

—

 

83%

 

73%

 

0.3% - 0.9%

 

N/A

 

Aug 2028

RMR IV warehouse (3)

 

125,000

 

 

20,596

 

 

259

 

79%

 

79%

 

0.5%

 

May 2026

 

May 2027

RMR V warehouse

 

100,000

 

 

19,358

 

 

120

 

80%

 

80%

 

0.4% - 0.7%

 

Nov 2026

 

Nov 2027

RMR VI warehouse (4)

 

75,000

 

 

21,162

 

 

141

 

75%

 

75%

 

0.5%

 

Feb 2027

 

Feb 2028

RMR VII warehouse

 

125,000

 

 

20,470

 

 

121

 

76%

 

76%

 

0.4% - 0.7%

 

N/A

 

Oct 2026

Total

$

780,000

 

$

270,186

 

$

641

 

 

 

 

 

 

 

 

 

 

(1) In August 2025, the Company entered into a loan agreement replacing the previous senior revolving credit facility of $355 million. In connection with the new facility, the Company terminated its senior revolving credit facility previously scheduled to mature in September 2025. The new agreement, among other things, (i) provides for a senior revolving credit facility of up to $355 million (with an accordion provision that can expand up to $420 million); (ii) has a maturity date scheduled in August 2028; and (iii) updates the unused commitment fee to range between 0.3% - 0.9% based on daily average outstanding balance (previously ranging between 0.5% - 1.0%).

(2) The senior revolving credit facility has an additional advance rate cap of 60% of eligible delinquent renewals. As of December 31, 2025, this advance rate was 50%.

(3) Following a May 2025 amendment, the revolving period end date is now May 2026 (previously May 2025), the maturity date is now May 2027 (previously May 2026), and the unused commitment fee is now 0.5% (previously ranging between 0.4% - 0.7%).

(4) Following a January 2025 amendment, the revolving period end date is now February 2027 (previously February 2025), and the maturity date is now February 2028 (previously February 2026).

Borrowings under the revolving credit facilities bear interest, payable monthly, at a rate equal to the sum of any applicable floor, benchmark adjustment, margin, and the market rate of each respective rate type that was effective as of December 31, 2025 (as follows):

 

 

Floor

 

Margin

 

Rate Type

 

Effective Interest Rate

Senior (1)

0.5%

 

2.8%

 

1-month SOFR

 

6.6%

RMR IV warehouse (2)

—

 

2.3%

 

1-month SOFR

 

6.1%

RMR V warehouse

—

 

2.1%

 

Conduit

 

6.2%

RMR VI warehouse (3)

—

 

2.1%

 

1-month SOFR

 

5.9%

RMR VII warehouse

—

 

2.4%

 

1-month SOFR

 

6.3%

(1) Following the August 2025 agreement for a new senior revolving credit facility, the benchmark adjustment has been removed (previously 0.1%), and the margin is now 2.8% (previously 3.0%).

(2) Following a May 2025 amendment, the benchmark adjustment has been removed (previously 0.1%), and the margin is now 2.3% (previously 2.8%).

(3) Following a January 2025 amendment, (i) the margin was reduced to 2.1% (previously 2.5%) and (ii) interest may accrue based on the daily or 1-month SOFR (previously only the 1-month SOFR).

Securitizations: From time to time, the Company and its SPE, RMR III, complete private offerings and sales of asset-backed notes through the Company’s Issuance Trusts. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sells and transfers to the Issuance Trusts. The Issuance Trusts hold restricted cash reserves to satisfy provisions of the transaction documents. Borrowings under the securitizations bear interest, payable monthly, and principal repayments begin the month subsequent to the end of the revolving period. Prior to maturity, the Company may redeem

the notes in full, but not in part, at its option on securitization-specific, designated dates. No payments of principal of the notes will be made during the revolving periods.

The following table includes the key terms under each of the Company’s securitizations as of December 31, 2025:

 

Dollars in thousands

Issue Date

 

Issue Amount

 

Debt Balance

 

Restricted Cash Reserves

 

Effective Interest Rate

 

Revolving Period End Date

 

Maturity Date

RMIT 2021-2

Jul 2021

 

 

200,000

 

 

200,192

 

 

2,083

 

2.3%

 

Jul 2026

 

Aug 2033

RMIT 2021-3

Oct 2021

 

 

125,000

 

 

125,202

 

 

1,471

 

3.9%

 

Sep 2026

 

Oct 2033

RMIT 2022-1

Feb 2022

 

 

250,000

 

 

97,936

 

 

2,646

 

4.4%

 

Feb 2025

 

Mar 2032

RMIT 2024-1

Jun 2024

 

 

187,305

 

 

187,788

 

 

1,078

 

6.2%

 

May 2027

 

Jul 2036

RMIT 2024-2

Nov 2024

 

 

250,000

 

 

250,557

 

 

1,418

 

5.3%

 

Nov 2026

 

Dec 2033

RMIT 2025-1 (1)

Mar 2025

 

 

265,000

 

 

265,585

 

 

1,489

 

5.3%

 

Mar 2027

 

Apr 2034

RMIT 2025-2 (2)

Oct 2025

 

 

252,810

 

 

253,318

 

 

1,389

 

4.8%

 

Oct 2027

 

Nov 2037

Total

 

 

$

1,530,115

 

$

1,380,578

 

$

11,574

 

 

 

 

 

 

(1) In March 2025, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2025-1, completed a private offering and sale of $265 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate, asset-backed notes by RMIT 2025-1. 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 2025-1. Prior to maturity in April 2034, 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 April 2027. No payments of principal of the notes will be made during the revolving period.

(2) In October 2025, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2025-2, completed a private offering and sale of $253 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate, asset-backed notes by RMIT 2025-2. 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 2025-2. Prior to maturity in November 2037, 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 2027. No payments of principal of the notes will be made during the revolving period.

RMIT 2020-1 Securitization: In September 2020, the Company, its SPE, RMR III, and its indirect SPE, RMIT 2020-1, completed a private offering and sale of $180 million of asset-backed notes. In March 2025, the Company and RMR III exercised the right to make an optional principal repayment in full and, in connection with such prepayment, the securitization terminated.

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. In October 2025, the Company and RMR III exercised the right to make an optional principal repayment in full and, in connection with such prepayment, the securitization terminated.

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 December 31, 2025, the Company was in compliance with all debt covenants.

The following is a summary of estimated future principal payments required on outstanding debt:

 

Dollars in thousands

 

Amount

 

2026

 

$

223,318

 

2027

 

 

644,843

 

2028

 

 

658,693

 

2029

 

 

119,597

 

2030

 

 

—

 

Thereafter

 

 

—

 

Total

 

$

1,646,451

 
v3.25.4
Stockholders' Equity
 12 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
Stockholders' Equity

Note 12. Stockholders’ Equity

Stock repurchase program: In December 2024, the Company announced that the Board had authorized a $30 million stock repurchase program. The authorization was effective immediately and extended through December 31, 2026. In November 2025, the Company announced that the Board had approved a $30 million increase in the amount authorized under the stock repurchase program announced in December 2024, from $30 million to $60 million. The authorization was effective immediately and extends through June 30, 2027. As of December 31, 2025, the Company had repurchased 807 thousand shares of common stock at a total cost of $27.7 million, including commissions and estimated excise taxes, over the life of the program.

Share repurchases under the stock repurchase program may be made in the open market at prevailing market prices, through privately negotiated transactions, or through other structures in accordance with applicable federal securities laws, at times and in amounts as the Company’s management deems appropriate. The timing and the amount of any common stock repurchases will be determined by the Company’s management based on its evaluation of market conditions, the Company’s liquidity needs, legal and contractual requirements and restrictions (including covenants in the Company’s credit agreements), share price, and other factors. Repurchases of common stock may be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program does not obligate the Company to purchase any particular number of shares and may be suspended, modified, or discontinued at any time without prior notice.

The Company repurchased 702 thousand and 105 thousand shares of common stock for the years ended December 31, 2025 and 2024, respectively. The Company did not repurchase any shares of common stock for the year ended December 31, 2023.

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:

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Dividends declared per common share

 

$

1.20

 

 

$

1.20

 

 

$

1.20

 

See Note 20, “Subsequent Events,” for information regarding the Company’s cash dividend following the end of the fiscal year.
v3.25.4
Fair Value Measurements
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements

Note 13. Fair Value Measurements

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 AFS 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 AFS investments, see Note 5, “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:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Dollars in thousands

 

Carrying
Amount

 

 

Estimated
Fair Value

 

 

Carrying
Amount

 

 

Estimated
Fair Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

3,823

 

 

$

3,823

 

 

$

3,951

 

 

$

3,951

 

Restricted cash

 

 

94,174

 

 

 

94,174

 

 

 

131,684

 

 

 

131,684

 

Level 3:

 

 

 

 

 

 

 

 

 

 

 

 

Net finance receivables, less unearned insurance
   premiums and allowance for credit losses

 

 

1,866,403

 

 

 

1,893,834

 

 

 

1,644,967

 

 

 

1,695,325

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Level 3:

 

 

 

 

 

 

 

 

 

 

 

 

Debt

 

 

1,650,764

 

 

 

1,636,727

 

 

 

1,478,336

 

 

 

1,428,607

 

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

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Dollars in thousands

 

Carrying
Amount

 

 

Estimated
Fair Value

 

 

Carrying
Amount

 

 

Estimated
Fair Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted AFS investments

 

$

24,211

 

 

$

24,211

 

 

$

21,712

 

 

$

21,712

 

As of the periods indicated above, there were no financial assets or liabilities measured at fair value on a non-recurring basis.
v3.25.4
Income Taxes
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

Note 14. Income Taxes

The Company and its subsidiaries file a consolidated federal income tax return. The Company files consolidated or separate state income tax returns as required by individual states in which it operates. The Company is generally no longer subject to federal, state, or local income tax examinations by taxing authorities before 2021.

Income tax expense attributable to total income before income taxes consists of the following for the periods indicated:

 

 

 

Year Ended December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

 

2023

 

Current:

 

 

 

 

 

 

 

 

 

Federal

 

$

444

 

 

$

7,886

 

 

$

3,567

 

State and local

 

 

273

 

 

 

724

 

 

 

1,146

 

 

 

717

 

 

 

8,610

 

 

 

4,713

 

Deferred:

 

 

 

 

 

 

 

 

 

Federal

 

 

12,106

 

 

 

3,821

 

 

 

289

 

State and local

 

 

542

 

 

 

417

 

 

 

(177

)

 

 

12,648

 

 

 

4,238

 

 

 

112

 

Total

 

$

13,365

 

 

$

12,848

 

 

$

4,825

 

 

Income tax expense differed from the amount computed by applying the federal income tax rate to total income before income taxes as a result of the following:

 

 

Year Ended December 31,

 

 

2025

 

2024

 

2023

 

Dollars in thousands

$

 

%

 

$

 

%

 

$

 

%

 

Federal tax expense at statutory rate

$

12,133

 

 

21.0

%

$

11,356

 

 

21.0

%

$

4,364

 

 

21.0

%

Increase (reduction) in income taxes resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

State and local income tax, net of federal income tax effect (1)

 

870

 

 

1.5

%

 

943

 

 

1.7

%

 

399

 

 

1.9

%

Tax credits:

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

(749

)

 

(1.3

)%

 

(999

)

 

(1.8

)%

 

(1,550

)

 

(7.5

)%

Other

 

(55

)

 

(0.1

)%

 

(257

)

 

(0.5

)%

 

(201

)

 

(1.0

)%

Nontaxable or nondeductible items:

 

 

 

 

 

 

 

 

 

 

 

 

Nondeductible compensation

 

1,240

 

 

2.1

%

 

1,334

 

 

2.5

%

 

1,106

 

 

5.3

%

Other

 

128

 

 

0.2

%

 

201

 

 

0.4

%

 

113

 

 

0.5

%

Unrecognized tax benefits

 

120

 

 

0.2

%

 

324

 

 

0.6

%

 

382

 

 

1.8

%

Other adjustments

 

(322

)

 

(0.5

)%

 

(54

)

 

(0.1

)%

 

212

 

 

1.2

%

Total

$

13,365

 

 

23.1

%

$

12,848

 

 

23.8

%

$

4,825

 

 

23.2

%

(1) In 2025, Texas, Illinois, and Virginia made up the majority of the tax effect in this category. In 2024, Texas, North Carolina, and South Carolina made up the majority of the tax effect in this category. In 2023, Texas made up the majority of the tax effect in this category.

Income taxes paid (net of refunds) consisted of the following jurisdictions for the periods indicated:

 

 

Year Ended December 31,

 

Dollars in thousands

2025

 

2024

 

2023

 

Federal

$

5,670

 

$

2,870

 

$

1,020

 

State:

 

 

 

 

 

 

Texas

 

579

 

 

661

 

 

320

 

South Carolina

 

151

 

 

(574

)

 

—

 

Illinois

 

72

 

 

137

 

 

132

 

Missouri

 

—

 

 

—

 

 

271

 

North Carolina

 

(67

)

 

(194

)

 

416

 

Alabama

 

(72

)

 

(161

)

 

603

 

Other

 

(222

)

 

(5

)

 

288

 

 

441

 

 

(136

)

 

2,030

 

Total

$

6,111

 

$

2,734

 

$

3,050

 

 

Net deferred tax assets and liabilities consist of the following as of the periods indicated:

 

 

 

December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

Deferred tax assets:

 

 

 

 

 

 

Allowance for credit losses

 

$

52,488

 

 

$

47,296

 

Lease liability

 

 

11,022

 

 

 

9,716

 

Unearned insurance commissions

 

 

8,522

 

 

 

7,760

 

Share-based compensation

 

 

2,843

 

 

 

3,011

 

Accrued expenses

 

 

2,414

 

 

 

2,444

 

State net operating loss carryforward

 

 

2,177

 

 

 

1,638

 

Research and experimental expenditures

 

 

—

 

 

 

4,408

 

Unearned premium reserves

 

 

—

 

 

 

234

 

Other

 

 

462

 

 

 

59

 

Deferred tax assets

 

 

79,928

 

 

 

76,566

 

 

 

 

 

 

 

 

Deferred tax liabilities:

 

 

 

 

 

 

Fair market value adjustment of net finance receivables

 

 

60,313

 

 

 

49,942

 

Lease assets

 

 

10,510

 

 

 

9,207

 

Deferred loan costs

 

 

5,215

 

 

 

4,162

 

Depreciation and software amortization

 

 

3,733

 

 

 

2,580

 

Research and experimental expenditures

 

 

1,995

 

 

 

—

 

Prepaid expenses

 

 

1,375

 

 

 

1,305

 

Unearned premium reserves

 

 

13

 

 

 

—

 

Other

 

 

119

 

 

 

84

 

Deferred tax liabilities

 

 

83,273

 

 

 

67,280

 

Deferred tax assets (liabilities), net

 

$

(3,345

)

 

$

9,286

 

The Company had a state net operating loss carryforward of approximately $66.0 million as of December 31, 2025. These carryforwards are available to offset future taxable income. If not used, the carryforward will expire beginning in 2032.

Companies are not permitted to recognize the tax benefit attributable to a tax position unless such position is more likely than not to be sustained upon examination by taxing authorities, based solely on the technical merits of the position. At December 31, 2025, the Company had $1.0 million of unrecognized tax benefits that, if recognized, would affect the effective tax rate. The Company recognizes interest and penalties accrued related to unrecognized tax benefits in the income tax line of the consolidated statements of comprehensive income. The Company recognized approximately $42 thousand, $0.1 million, and $0.1 million of interest and penalties for the years ended December 31, 2025, 2024, and 2023, respectively.

The following schedule reconciles unrecognized tax positions for the periods indicated:

 

 

 

As of and for the Year Ended December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

 

2023

 

Beginning balance

 

$

984

 

 

$

733

 

 

$

414

 

Additions based on tax positions related to the current year

 

 

206

 

 

 

247

 

 

 

268

 

Additions for tax positions of prior years

 

 

—

 

 

 

4

 

 

 

51

 

Reductions for tax positions of prior years

 

 

(175

)

 

 

—

 

 

 

—

 

Ending balance

 

$

1,015

 

 

$

984

 

 

$

733

 
v3.25.4
Earnings Per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share

Note 15. Earnings Per Share

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

 

 

 

Year Ended December 31,

 

Dollars in thousands, except per share amounts

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

44,412

 

 

$

41,227

 

 

$

15,958

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding for basic earnings per share

 

 

9,428

 

 

 

9,640

 

 

 

9,398

 

Effect of dilutive securities

 

 

556

 

 

 

317

 

 

 

195

 

Weighted-average shares adjusted for dilutive securities

 

 

9,984

 

 

 

9,957

 

 

 

9,593

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

4.71

 

 

$

4.28

 

 

$

1.70

 

Diluted

 

$

4.45

 

 

$

4.14

 

 

$

1.66

 

The Company excluded outstanding shares of common stock totaling 37 thousand, 0.2 million, and 0.4 million for the years ended December 31, 2025, 2024, and 2023, respectively, from the computation of diluted earnings per share because they were anti-dilutive.

v3.25.4
Share-Based Compensation
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation

Note 16. Share-Based Compensation

On May 16, 2024, the stockholders of the Company approved the 2024 Plan. As of December 31, 2025, 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 December 31, 2025, there were 0.5 million shares available for grant under the 2024 Plan.

For the years ended December 31, 2025, 2024, and 2023, the Company recorded share-based compensation expense of $11.9 million, $11.2 million, and $11.8 million, respectively. As of December 31, 2025, unrecognized share-based compensation expense to be recognized over future periods approximated $11.3 million. This amount will be recognized as expense over a weighted-average period of 1.6 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. For the years ended December 31, 2025 and 2024, share-based compensation of $0.5 million and $0.8 million, respectively, was capitalized as software. There was no capitalization of share-based compensation for the year ended December 31, 2023.

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

Nonqualified stock options: The following table summarizes the stock option activity for the year ended December 31, 2025:

 

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 beginning of period

 

 

444

 

 

$

23.65

 

 

 

 

 

 

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Exercised

 

 

(66

)

 

 

20.50

 

 

 

 

 

 

 

Forfeited

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Expired

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Options outstanding at end of period

 

 

378

 

 

$

24.20

 

 

 

3.8

 

 

$

5,506

 

Options exercisable at end of period

 

 

378

 

 

$

24.20

 

 

 

3.8

 

 

$

5,506

 

 

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

 

 

 

Year Ended December 31,

 

Dollars in thousands, except per share amounts

 

2025

 

 

2024

 

 

2023

 

Weighted-average grant date fair value per share

 

$

—

 

 

$

—

 

 

$

—

 

Intrinsic value of options exercised

 

$

1,158

 

 

$

718

 

 

$

277

 

Fair value of stock options that vested

 

$

—

 

 

$

—

 

 

$

544

 

Performance restricted stock units: The following are the weighted-average assumptions for the PRSU grants for the periods indicated:

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Expected volatility

 

 

42.0

%

 

 

42.5

%

 

 

40.2

%

Risk-free rate

 

 

4.0

%

 

 

5.2

%

 

 

5.2

%

Discount for post-vesting restrictions

 

 

11.8

%

 

 

9.2

%

 

 

8.5

%

The following table summarizes PRSU activity for the year ended December 31, 2025:

 

Dollars and units in thousands, except per unit amounts

 

Units

 

 

Weighted-Average
Grant Date
Fair Value Per Unit

 

Non-vested units at beginning of period

 

 

311

 

 

$

33.93

 

Granted

 

 

135

 

 

 

25.90

 

Performance adjustment

 

 

(24

)

 

 

52.07

 

Vested

 

 

(43

)

 

 

52.07

 

Forfeited

 

 

—

 

 

 

—

 

Non-vested units at end of period

 

 

379

 

 

$

27.86

 

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

 

 

 

Year Ended December 31,

 

Dollars in thousands, except per unit amounts

 

2025

 

 

2024

 

 

2023

 

Weighted-average grant date fair value per unit

 

$

25.90

 

 

$

26.21

 

 

$

32.40

 

Fair value of PRSUs that vested

 

$

2,237

 

 

$

—

 

 

$

—

 

Performance-contingent restricted stock units: There was no performance-contingent RSU balance or activity for the year ended December 31, 2025. The following table provides additional performance-contingent RSU information for the periods indicated:

 

 

 

Year Ended December 31,

 

Dollars in thousands, except per unit amounts

 

2025

 

 

2024

 

 

2023

 

Weighted-average grant date fair value per unit

 

$

—

 

 

$

—

 

 

$

—

 

Fair value of RSUs that vested

 

$

—

 

 

$

1,371

 

 

$

1,445

 

Restricted stock units: The following table summarizes service-based RSU activity for the year ended December 31, 2025:

 

Dollars and units in thousands, except per unit amounts

 

Units

 

 

Weighted-Average
Grant Date
Fair Value Per Unit

 

Non-vested units at beginning of period

 

 

35

 

 

$

28.20

 

Granted

 

 

51

 

 

 

29.74

 

Vested

 

 

(35

)

 

 

28.95

 

Forfeited

 

 

—

 

 

 

—

 

Non-vested units at end of period

 

 

51

 

 

$

29.21

 

 

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

 

 

 

Year Ended December 31,

 

Dollars in thousands, except per unit amounts

 

2025

 

 

2024

 

 

2023

 

Weighted-average grant date fair value per unit

 

$

29.74

 

 

$

28.20

 

 

$

—

 

Fair value of RSUs that vested

 

$

1,000

 

 

$

500

 

 

$

—

 

Restricted stock awards: The following table summarizes RSA activity for the year ended December 31, 2025:

 

Dollars and shares in thousands, except per share amounts

 

Shares

 

 

Weighted-Average
Grant Date
Fair Value Per Share

 

Non-vested shares at beginning of period

 

 

334

 

 

$

28.80

 

Granted

 

 

271

 

 

 

29.68

 

Vested

 

 

(258

)

 

 

29.16

 

Forfeited

 

 

(18

)

 

 

29.09

 

Non-vested shares at end of period

 

 

329

 

 

$

29.22

 

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

 

 

 

Year Ended December 31,

 

Dollars in thousands, except per share amounts

 

2025

 

 

2024

 

 

2023

 

Weighted-average grant date fair value per share

 

$

29.68

 

 

$

28.52

 

 

$

34.25

 

Fair value of RSAs that vested

 

$

7,534

 

 

$

7,467

 

 

$

8,787

 
v3.25.4
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 17. 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.

v3.25.4
Insurance Products and Reinsurance of Certain Risks
 12 Months Ended
Dec. 31, 2025
Insurance [Abstract]  
Insurance Products and Reinsurance of Certain Risks

Note 18. Insurance Products and Reinsurance of Certain Risks

RMC Reinsurance, Ltd. is a wholly owned insurance subsidiary of the Company. The Company sells optional insurance products to its customers in connection with its lending operations. These optional products include credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance. The type and terms of our optional insurance products vary from state to state based on applicable laws and regulations. Insurance premiums are remitted to an unaffiliated company that issues the policy to the customer. This unaffiliated company cedes the premiums to RMC Reinsurance, Ltd. Life insurance premiums are ceded to the Company as written and non-life products are ceded as earned. Unearned insurance premiums represent insurance premiums, net of premiums held by the unaffiliated insurance underwriter, that will be earned over the terms of the policies.

The Company maintains a restricted reserve comprised of restricted cash and restricted AFS investments for life insurance claims in an amount determined by the ceding company. At December 31, 2025 and 2024, the restricted reserves consisted of $23.1 million and $21.2 million of unearned premium reserves, respectively, and $1.4 million and $1.2 million of unpaid claim reserves, respectively. For non-life products, the Company had no unpaid claim reserves at both December 31, 2025 and 2024, as changes in claim reserves are settled between the Company and the unaffiliated insurance underwriter as they are incurred. For the year ended December 31, 2025, non-life unpaid claim reserves, included in insurance income, net as presented in the table below, decreased $1.0 million. For the year ended December 31, 2024, non-life unpaid claim reserves increased $0.8 million, and decreased $0.2 million for the year ended December 31, 2023.

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 the Company. Earned premiums are accounted for over the period of the underlying reinsured policies using assumptions consistent with the policy terms. Direct costs included in insurance income, net are claims paid, changes in claims reserves, ceding fees, and premium taxes paid. The Company does not allocate to insurance income, net, any other head office or branch administrative costs associated with managing its insurance operations, managing its captive insurance company, marketing and selling insurance products, legal and compliance review, or internal audits.

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

 

 

 

Year Ended December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

 

2023

 

Earned premiums

 

$

58,771

 

 

$

57,312

 

 

$

59,830

 

Claims, reserves, and certain direct expenses

 

 

(13,198

)

 

 

(16,617

)

 

 

(15,301

)

Insurance income, net

 

$

45,573

 

 

$

40,695

 

 

$

44,529

 

Apart from the various optional payment and collateral protection insurance products that the Company offers to customers, on certain loans, the Company also collects a fee from customers and, in turn, purchases non-file insurance from an unaffiliated insurance company for its benefit in lieu of recording and perfecting its security interest in personal property collateral. Non-file insurance protects the Company from credit losses where, following an event of default, it is unable to take possession of personal property collateral because its security interest is not perfected (for example, in certain instances where a customer files for bankruptcy). In such circumstances, non-file insurance generally will pay to the Company an amount equal to the lesser of the loan balance or the collateral value.

v3.25.4
Segment Reporting
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting

Note 19. Segment Reporting

The Company has one reportable segment: consumer finance. The Company allocates resources and assesses financial performance on a consolidated basis because its product offerings require similar technology and marketing strategies, and do not significantly

differ on the bases of geographic areas and/or related regulatory environments. The Company’s chief executive officer is the CODM and is responsible for allocating resources and assessing financial performance.

Consolidated net income is the measure used by the CODM in evaluating the segment profit or loss of the Company. The CODM either reviews or is otherwise regularly provided with amounts for the following measures in the Company’s financial results for the periods indicated:

 

 

 

Year Ended December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

 

2023

 

Interest income

 

$

537,555

 

 

$

491,308

 

 

$

454,856

 

Fee income

 

 

41,394

 

 

 

37,586

 

 

 

34,842

 

Insurance income, net

 

 

45,573

 

 

 

40,695

 

 

 

44,529

 

Other income

 

 

21,076

 

 

 

18,914

 

 

 

17,172

 

Provision for credit losses

 

 

245,432

 

 

 

212,200

 

 

 

220,034

 

Share-based compensation expense

 

 

11,867

 

 

 

11,171

 

 

 

11,755

 

Depreciation and amortization expense

 

 

10,517

 

 

 

9,186

 

 

 

8,218

 

Interest expense

 

 

84,814

 

 

 

74,530

 

 

 

67,463

 

Income tax expense

 

 

13,365

 

 

 

12,848

 

 

 

4,825

 

The following table presents the Company’s revenues from external customers for each significant product and service for the periods indicated:

 

 

 

Year Ended December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

 

2023

 

Large loans

 

$

382,938

 

 

$

337,708

 

 

$

323,898

 

Small loans

 

 

196,011

 

 

 

191,186

 

 

 

165,800

 

Interest and fee income

 

 

578,949

 

 

 

528,894

 

 

 

489,698

 

Insurance income, net

 

 

45,573

 

 

 

40,695

 

 

 

44,529

 

Other income

 

 

21,076

 

 

 

18,914

 

 

 

17,172

 

Total revenue

 

$

645,598

 

 

$

588,503

 

 

$

551,399

 

As part of the CODM’s review and evaluation process for allocating resources, the CODM is provided with consolidated expenses and total assets as noted on the face of the Company’s Consolidated Statements of Comprehensive Income and Consolidated Balance Sheets, respectively.

The Company’s balance sheet expenditures for long-lived assets either reviewed by the CODM or otherwise regularly provided to the CODM are included in the Company’s Consolidated Statements of Cash Flows. These expenditures are represented as “Purchases of intangible assets,” “Purchases of property and equipment,” and “Operating leases paid” within the referenced statements.

The Company operates in the consumer finance industry within the United States and, therefore, does not have any customer concentration or international operations. See Note 3, “Concentrations of Credit Risk,” for additional information regarding the risks relating to geographic concentration.
v3.25.4
Subsequent Events
 12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 20. Subsequent Events

Quarterly cash dividend: In February 2026, the Company announced that the Board declared a quarterly cash dividend of $0.30 per share. The dividend will be paid on March 12, 2026 to shareholders of record at the close of business on February 19, 2026. 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.
v3.25.4
Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Business segments

Business segments: The Company has one reportable segment, which is the consumer finance segment.

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 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. The Company adopted and applied the update on a retrospective basis for all prior periods presented in the financial statements, and upon transition, the disaggregation of tax disclosures disclosed in the prior periods are based on the tax categories identified and disclosed in the period of adoption, if applicable. Implementation of the update did not have a financial effect on the Company’s consolidated financial statements. See Note 14, “Income Taxes,” for the Company’s enhanced disclosures to reflect the adoption of this update.

In November 2024, the FASB issued ASU 2024-03, enhancing the disclosures about a company’s expenses. The amendment, among other things, improves these disclosures by requiring disaggregated expense information about a company’s expense types. The amendments in this update are effective for annual periods beginning after December 15, 2026, and early adoption is permitted. The enhanced expense guidance can be applied on either a prospective (for financial statements issued during reporting periods after the effective date of this ASU) or retrospective (to any or all prior periods presented) basis. The Company is currently evaluating the impact of this update on its consolidated financial statements.

In September 2025, the FASB issued ASU 2025-06, amending the criteria for capitalization of internal-use software costs. The amendment, among other things, removes references to development stages and requires consideration of whether significant development uncertainty is present as part of the recognition threshold. The amendments in this update are effective for annual periods beginning after December 15, 2027, and early adoption is permitted as of the beginning of an annual reporting period. The amended guidance can be applied on a prospective, modified, or retrospective basis. The Company is currently evaluating the impact of this update on its consolidated financial statements.
Treasury stock

Treasury stock: The Company records the repurchase of shares of its common stock at cost on the settlement date of the transaction. These shares are considered treasury stock, which is a reduction to stockholders’ equity. Treasury stock is included in authorized and issued shares but excluded from outstanding shares.

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.
Delinquency

Delinquency: The Company determines past due status using the contractual terms of the finance receivable. Delinquency is one of the primary credit quality indicators used to evaluate the allowance for credit losses for each class of finance receivables.

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 or renewed.
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. Generally, loans resume accruing interest when the past due status is brought below 90 days. Certain loan modification programs allow for past due status to be brought current but remain in nonaccrual status until payment activity is re-established. 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.
Property and equipment

Property and equipment: Leasehold improvements are depreciated over the shorter of their useful lives or the remaining term of the lease. Furniture and equipment are depreciated on the straight-line method over their estimated useful lives, generally five to ten years. Maintenance and repairs are charged to expense as incurred.

Leases

Leases: The Company leases its current headquarters building. Branch offices are leased under non-cancellable leases of three to seven years with renewal options. The Company’s lease liability is based on the present value of the remaining minimum rental payments using a discount rate that is based on the Company’s incremental borrowing rate on its senior revolving credit facility. The Company’s lease asset includes right-of-use assets equaling the lease liability, net of prepaid rent and deferred rents that existed as

of the adoption of the current lease accounting standard. In addition to rent, the Company typically pays for all operating expenses, property taxes, and repairs and maintenance.

The Company assesses its leased assets for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. If a lease is impaired, the impairment loss is recognized in lease costs and the right-of-use asset is reduced to the impaired value.

Lease agreements with terms of twelve months or less are not capitalized as part of lease assets or liabilities and are expensed as incurred. The Company accounts for each separate lease component of a contract and its associated non-lease components as a single lease component for its branch leases. The Company has elected not to apply this policy in relation to the corporate headquarters lease. The Company has also determined that it is reasonably certain that the first option to extend lease contracts will be exercised for new branch locations; therefore, the first option to extend is included in the lease asset and liability calculation.

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 AFS investments

Restricted AFS investments: The Company classifies its investments in debt securities that were purchased with the Company’s restricted cash as restricted AFS 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 AFS investments are specifically identified and reclassified from accumulated other comprehensive income or loss and included within earnings on the consolidated statement of income.
Income recognition

Income recognition: Interest income is recognized using the interest method (constant yield method). Therefore, the Company recognizes revenue from interest at an equal rate over the term of the loan. Unearned finance charges on pre-compute contracts are rebated to customers utilizing statutory methods, which in many cases is the sum-of-the-years’ digits method. The difference between income recognized under the constant yield method and the statutory method is recognized as an adjustment to interest income at the time of rebate.

The Company recognizes income on credit life insurance, credit personal property insurance, and vehicle single interest insurance using the sum-of-the-years’ digits or straight-line methods over the terms of the policies. The Company recognizes income on credit accident and health insurance using the average of the sum-of-the-years’ digits and the straight-line methods over the terms of the policies. The Company recognizes income on credit involuntary unemployment insurance using the straight-line method over the terms of the policies. Rebates are computed using statutory methods, which in many cases match the GAAP method, and where it does not match, the difference between the GAAP method and the statutory method is recognized in income at the time of rebate. Fee income for non-file insurance is recognized using the sum-of-the-years’ digits method over the loan term.

Charges for late fees are recognized as income when collected.
Share-based compensation

Share-based compensation: The Company measures compensation expense for share-based awards at estimated fair value and recognizes compensation expense over the service period for awards expected to vest. In addition, compensation expense for certain performance awards may be impacted by the probability of certain financial goals being achieved over the relevant performance period. 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. When applicable, 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.

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.

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 relative total shareholder return, plus an additive 20% based on pre-provision return on assets over the performance period, resulting in a maximum payout of 170%. PRSUs granted prior to 2025 may earn 0% to 150% of target based on achievement of total shareholder return performance concluding at the end of the third calendar year.

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, an RSA was issued following the one-year performance period that vested ratably over a subsequent two-year period (subject to continued employment or as otherwise provided in the underlying award agreement).

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).

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 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.
Marketing costs

Marketing costs: Marketing costs are expensed as incurred.

Income taxes

Income taxes: The Company records a tax provision for the anticipated tax consequences of its reported operating results. The provision for income taxes is computed using the asset and liability method, under which 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 effects of future tax rate changes are recognized in the period when the enactment of new rates occurs.

The Company recognizes the financial statement effects of a tax position when it is more likely than not, based on technical merits, the position will be sustained upon examination. The tax benefits of the position recognized in the consolidated financial statements are then measured based on the largest amount of benefit that is greater than 50% likely to be realized upon settlement with a taxing authority.

The Company recognizes the tax benefits or deficiencies from the exercise or vesting of share-based awards in the income tax line of the consolidated statements of comprehensive income, in the period of exercise or vesting.
Earnings per share

Earnings per share: Earnings per share have been computed based on dividing net income by the weighted-average number of common shares outstanding during each reporting period presented. Common shares issuable upon the exercise of share-based compensation, which are computed using the treasury stock method, are included in the computation of diluted earnings per share. The Company uses the treasury stock method to calculate the effect of outstanding awards, by computing total employee proceeds as the sum of the amount employees must pay upon exercise of the awards and the amount of unearned share-based compensation costs attributable to future services.
v3.25.4
Finance Receivables, Credit Quality Information, and Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Summary of Net Finance Receivables

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

 

 

 

December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

Large loans

 

$

1,593,171

 

 

$

1,336,780

 

Small loans

 

 

547,028

 

 

 

555,755

 

Total

 

$

2,140,199

 

 

$

1,892,535

 

 
Summary of Financing Receivable Credit Quality Indicators

Net finance receivables by product, FICO band at origination, and origination year as of December 31, 2025 are as follows:

 

 

Net Finance Receivables by Origination Year

 

Dollars in thousands

2025

 

2024

 

2023

 

2022

 

2021

 

Prior

 

Total Net Finance Receivables

 

Large Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FICO Band

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

$

119,724

 

$

36,692

 

$

15,225

 

$

5,034

 

$

1,453

 

$

382

 

$

178,510

 

2

 

75,189

 

 

21,423

 

 

6,854

 

 

2,086

 

 

383

 

 

48

 

 

105,983

 

3

 

121,142

 

 

35,473

 

 

13,157

 

 

5,398

 

 

739

 

 

51

 

 

175,960

 

4

 

160,692

 

 

50,359

 

 

20,102

 

 

8,588

 

 

1,130

 

 

77

 

 

240,948

 

5

 

173,379

 

 

58,320

 

 

22,357

 

 

9,995

 

 

1,893

 

 

90

 

 

266,034

 

6

 

411,650

 

 

133,932

 

 

55,991

 

 

20,631

 

 

3,397

 

 

135

 

 

625,736

 

Total

$

1,061,776

 

$

336,199

 

$

133,686

 

$

51,732

 

$

8,995

 

$

783

 

$

1,593,171

 

Small Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FICO Band

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

$

82,635

 

$

12,526

 

$

1,937

 

$

267

 

$

56

 

$

13

 

$

97,434

 

2

 

36,601

 

 

6,164

 

 

783

 

 

62

 

 

2

 

 

—

 

 

43,612

 

3

 

53,879

 

 

9,494

 

 

1,042

 

 

97

 

 

8

 

 

—

 

 

64,520

 

4

 

62,360

 

 

12,597

 

 

1,428

 

 

76

 

 

4

 

 

3

 

 

76,468

 

5

 

63,637

 

 

16,817

 

 

1,732

 

 

91

 

 

5

 

 

1

 

 

82,283

 

6

 

136,833

 

 

42,405

 

 

3,365

 

 

98

 

 

9

 

 

1

 

 

182,711

 

Total

$

435,945

 

$

100,003

 

$

10,287

 

$

691

 

$

84

 

$

18

 

$

547,028

 

Total Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FICO Band

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

$

202,359

 

$

49,218

 

$

17,162

 

$

5,301

 

$

1,509

 

$

395

 

$

275,944

 

2

 

111,790

 

 

27,587

 

 

7,637

 

 

2,148

 

 

385

 

 

48

 

 

149,595

 

3

 

175,021

 

 

44,967

 

 

14,199

 

 

5,495

 

 

747

 

 

51

 

 

240,480

 

4

 

223,052

 

 

62,956

 

 

21,530

 

 

8,664

 

 

1,134

 

 

80

 

 

317,416

 

5

 

237,016

 

 

75,137

 

 

24,089

 

 

10,086

 

 

1,898

 

 

91

 

 

348,317

 

6

 

548,483

 

 

176,337

 

 

59,356

 

 

20,729

 

 

3,406

 

 

136

 

 

808,447

 

Total

$

1,497,721

 

$

436,202

 

$

143,973

 

$

52,423

 

$

9,079

 

$

801

 

$

2,140,199

 

 

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

$

86,776

 

$

37,750

 

$

12,457

 

$

3,950

 

$

793

 

$

373

 

$

142,099

 

2

 

55,211

 

 

19,464

 

 

6,171

 

 

1,602

 

 

173

 

 

92

 

 

82,713

 

3

 

90,642

 

 

35,777

 

 

16,579

 

 

4,224

 

 

339

 

 

59

 

 

147,620

 

4

 

125,867

 

 

52,564

 

 

25,521

 

 

6,140

 

 

570

 

 

100

 

 

210,762

 

5

 

137,243

 

 

58,604

 

 

28,564

 

 

8,148

 

 

784

 

 

36

 

 

233,379

 

6

 

300,714

 

 

140,149

 

 

62,303

 

 

15,514

 

 

1,464

 

 

63

 

 

520,207

 

Total

$

796,453

 

$

344,308

 

$

151,595

 

$

39,578

 

$

4,123

 

$

723

 

$

1,336,780

 

Small Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FICO Band

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

$

67,809

 

$

11,905

 

$

1,737

 

$

257

 

$

40

 

$

28

 

$

81,776

 

2

 

32,851

 

 

5,799

 

 

755

 

 

61

 

 

4

 

 

2

 

 

39,472

 

3

 

52,846

 

 

9,456

 

 

1,061

 

 

76

 

 

4

 

 

2

 

 

63,445

 

4

 

67,200

 

 

12,903

 

 

1,161

 

 

94

 

 

9

 

 

7

 

 

81,374

 

5

 

75,458

 

 

16,882

 

 

1,500

 

 

69

 

 

3

 

 

3

 

 

93,915

 

6

 

160,551

 

 

32,671

 

 

2,462

 

 

80

 

 

5

 

 

4

 

 

195,773

 

Total

$

456,715

 

$

89,616

 

$

8,676

 

$

637

 

$

65

 

$

46

 

$

555,755

 

Total Loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FICO Band

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

$

154,585

 

$

49,655

 

$

14,194

 

$

4,207

 

$

833

 

$

401

 

$

223,875

 

2

 

88,062

 

 

25,263

 

 

6,926

 

 

1,663

 

 

177

 

 

94

 

 

122,185

 

3

 

143,488

 

 

45,233

 

 

17,640

 

 

4,300

 

 

343

 

 

61

 

 

211,065

 

4

 

193,067

 

 

65,467

 

 

26,682

 

 

6,234

 

 

579

 

 

107

 

 

292,136

 

5

 

212,701

 

 

75,486

 

 

30,064

 

 

8,217

 

 

787

 

 

39

 

 

327,294

 

6

 

461,265

 

 

172,820

 

 

64,765

 

 

15,594

 

 

1,469

 

 

67

 

 

715,980

 

Total

$

1,253,168

 

$

433,924

 

$

160,271

 

$

40,215

 

$

4,188

 

$

769

 

$

1,892,535

 

 

Credit losses by product and origination year for the periods indicated are as follows:

 

 

Year Ended December 31, 2025

 

Dollars in thousands

2025

 

2024

 

2023

 

2022

 

2021

 

Prior

 

Total Credit Losses

 

Large loans

$

12,624

 

$

67,939

 

$

38,427

 

$

14,126

 

$

3,435

 

$

547

 

$

137,098

 

Small loans

 

16,337

 

 

67,370

 

 

16,596

 

 

1,608

 

 

117

 

 

34

 

 

102,062

 

Total

$

28,961

 

$

135,309

 

$

55,023

 

$

15,734

 

$

3,552

 

$

581

 

$

239,160

 

 

 

Year Ended December 31, 2024

 

Dollars in thousands

2024

 

2023

 

2022

 

2021

 

2020

 

Prior

 

Total Credit Losses

 

Large loans

$

9,699

 

$

67,711

 

$

39,070

 

$

11,197

 

$

1,541

 

$

474

 

$

129,692

 

Small loans

 

13,156

 

 

55,584

 

 

11,757

 

 

1,054

 

 

56

 

 

43

 

 

81,650

 

Total

$

22,855

 

$

123,295

 

$

50,827

 

$

12,251

 

$

1,597

 

$

517

 

$

211,342

 
Amortized Cost Basis in Past-Due Loans

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

 

 

December 31, 2025

 

 

Large

 

Small

 

Total

 

Dollars in thousands

$

 

%

 

$

 

%

 

$

 

%

 

Current

$

1,372,102

 

 

86.1

%

$

437,005

 

 

79.9

%

$

1,809,107

 

 

84.5

%

1 to 29 days past due

 

121,113

 

 

7.6

%

 

48,745

 

 

8.9

%

 

169,858

 

 

8.0

%

Delinquent accounts:

 

 

 

 

 

 

 

 

 

 

 

 

30 to 59 days

 

26,940

 

 

1.7

%

 

14,295

 

 

2.6

%

 

41,235

 

 

1.9

%

60 to 89 days

 

23,576

 

 

1.5

%

 

13,582

 

 

2.5

%

 

37,158

 

 

1.7

%

90 to 119 days

 

18,957

 

 

1.2

%

 

11,861

 

 

2.2

%

 

30,818

 

 

1.5

%

120 to 149 days

 

16,715

 

 

1.0

%

 

11,050

 

 

2.0

%

 

27,765

 

 

1.3

%

150 to 179 days

 

13,768

 

 

0.9

%

 

10,490

 

 

1.9

%

 

24,258

 

 

1.1

%

Total delinquency

$

99,956

 

 

6.3

%

$

61,278

 

 

11.2

%

$

161,234

 

 

7.5

%

Total net finance receivables

$

1,593,171

 

 

100.0

%

$

547,028

 

 

100.0

%

$

2,140,199

 

 

100.0

%

Net finance receivables in nonaccrual status

$

62,351

 

 

3.9

%

$

38,269

 

 

7.0

%

$

100,620

 

 

4.7

%

 

 

December 31, 2024

 

 

Large

 

Small

 

Total

 

Dollars in thousands

$

 

%

 

$

 

%

 

$

 

%

 

Current

$

1,139,070

 

 

85.2

%

$

451,311

 

 

81.2

%

$

1,590,381

 

 

84.0

%

1 to 29 days past due

 

109,656

 

 

8.2

%

 

46,656

 

 

8.4

%

 

156,312

 

 

8.3

%

Delinquent accounts:

 

 

 

 

 

 

 

 

 

 

 

 

30 to 59 days

 

22,909

 

 

1.7

%

 

14,039

 

 

2.5

%

 

36,948

 

 

1.9

%

60 to 89 days

 

21,493

 

 

1.6

%

 

13,749

 

 

2.5

%

 

35,242

 

 

1.9

%

90 to 119 days

 

16,609

 

 

1.3

%

 

11,476

 

 

2.1

%

 

28,085

 

 

1.5

%

120 to 149 days

 

14,357

 

 

1.1

%

 

9,630

 

 

1.7

%

 

23,987

 

 

1.3

%

150 to 179 days

 

12,686

 

 

0.9

%

 

8,894

 

 

1.6

%

 

21,580

 

 

1.1

%

Total delinquency

$

88,054

 

 

6.6

%

$

57,788

 

 

10.4

%

$

145,842

 

 

7.7

%

Total net finance receivables

$

1,336,780

 

 

100.0

%

$

555,755

 

 

100.0

%

$

1,892,535

 

 

100.0

%

Net finance receivables in nonaccrual status

$

54,228

 

 

4.1

%

$

34,602

 

 

6.2

%

$

88,830

 

 

4.7

%
Reconciliations of Allowance for Credit Losses

The following are changes in the allowance for credit losses by product for the periods indicated:

 

 

As of and For the Year Ended December 31, 2025

 

Dollars in thousands

Large

 

Small

 

Total

 

Beginning balance

$

133,506

 

$

65,994

 

$

199,500

 

Provision for credit losses

 

146,401

 

 

99,031

 

 

245,432

 

Credit losses

 

(137,098

)

 

(102,062

)

 

(239,160

)

Recoveries

 

9,491

 

 

5,637

 

 

15,128

 

Ending balance

$

152,300

 

$

68,600

 

$

220,900

 

Net finance receivables

$

1,593,171

 

$

547,028

 

$

2,140,199

 

Allowance as percentage of net finance receivables

 

9.6

%

 

12.5

%

 

10.3

%

 

 

As of and For the Year Ended December 31, 2024

 

Dollars in thousands

Large

 

Small

 

Total

 

Beginning balance

$

127,992

 

$

59,408

 

$

187,400

 

Provision for credit losses

 

128,190

 

 

84,010

 

 

212,200

 

Credit losses

 

(129,692

)

 

(81,650

)

 

(211,342

)

Recoveries

 

7,016

 

 

4,226

 

 

11,242

 

Ending balance

$

133,506

 

$

65,994

 

$

199,500

 

Net finance receivables

$

1,336,780

 

$

555,755

 

$

1,892,535

 

Allowance as percentage of net finance receivables

 

10.0

%

 

11.9

%

 

10.5

%

 

 

 

As of and For the Year Ended December 31, 2023

 

Dollars in thousands

Large

 

Small

 

Total

 

Beginning balance

$

119,592

 

$

59,208

 

$

178,800

 

Provision for credit losses

 

136,638

 

 

83,396

 

 

220,034

 

Credit losses

 

(133,918

)

 

(87,015

)

 

(220,933

)

Recoveries

 

5,680

 

 

3,819

 

 

9,499

 

Ending balance

$

127,992

 

$

59,408

 

$

187,400

 

Net finance receivables

$

1,274,137

 

$

497,273

 

$

1,771,410

 

Allowance as percentage of net finance receivables

 

10.0

%

 

11.9

%

 

10.6

%

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, refinancing, 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 and their related percentage of applicable net finance receivables for the periods indicated are as follows:

 

 

 

As of and for the Year Ended December 31, 2025

 

 

 

Large

 

 

Small

 

 

Total

 

Dollars in thousands

 

$

 

%

 

 

$

 

%

 

 

$

 

%

 

Interest rate reduction

 

$

16,328

 

 

1.0

%

 

$

4,968

 

 

1.0

%

 

$

21,296

 

 

1.0

%

Interest rate reduction & term extension

 

 

6,007

 

 

0.4

%

 

 

1,109

 

 

0.2

%

 

 

7,116

 

 

0.3

%

Term extension

 

 

1,030

 

 

0.1

%

 

 

215

 

 

—

 

 

 

1,245

 

 

0.1

%

Principal forgiveness, interest rate reduction, & term extension

 

 

699

 

 

—

 

 

 

23

 

 

—

 

 

 

722

 

 

—

 

Total

 

$

24,064

 

 

1.5

%

 

$

6,315

 

 

1.2

%

 

$

30,379

 

 

1.4

%

 

 

 

As of and for the Year Ended December 31, 2024

 

 

 

Large

 

 

Small

 

 

Total

 

Dollars in thousands

 

$

 

%

 

 

$

 

%

 

 

$

 

%

 

Interest rate reduction

 

$

5,729

 

 

0.4

%

 

$

2,545

 

 

0.5

%

 

$

8,274

 

 

0.4

%

Interest rate reduction & term extension

 

 

9,155

 

 

0.8

%

 

 

1,446

 

 

0.2

%

 

 

10,601

 

 

0.6

%

Term extension

 

 

1,792

 

 

0.1

%

 

 

386

 

 

0.1

%

 

 

2,178

 

 

0.1

%

Principal forgiveness, interest rate reduction, & term extension

 

 

586

 

 

—

 

 

 

28

 

 

—

 

 

 

614

 

 

—

 

Total

 

$

17,262

 

 

1.3

%

 

$

4,405

 

 

0.8

%

 

$

21,667

 

 

1.1

%

 

 

 

As of and for the Year Ended December 31, 2023

 

 

 

Large

 

 

Small

 

 

Total

 

Dollars in thousands

 

$

 

%

 

 

$

 

%

 

 

$

 

%

 

Interest rate reduction & term extension

 

$

12,687

 

 

1.0

%

 

$

2,112

 

 

0.4

%

 

$

14,799

 

 

0.8

%

Term extension

 

 

930

 

 

0.1

%

 

 

346

 

 

0.1

%

 

 

1,276

 

 

0.1

%

Principal forgiveness, interest rate reduction, & term extension

 

 

288

 

 

—

 

 

 

37

 

 

—

 

 

 

325

 

 

—

 

Total

 

$

13,905

 

 

1.1

%

 

$

2,495

 

 

0.5

%

 

$

16,400

 

 

0.9

%
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:

 

 

 

Year Ended December 31, 2025

Loan Modification

 

Product

 

Financial Effect

Interest rate reduction

 

Large loans

 

Reduced the weighted-average contractual interest rate by 18.0%.

 

 

Small loans

 

Reduced the weighted-average contractual interest rate by 29.5%.

Term extension

 

Large loans

 

Added a weighted-average 1.5 years to the life of loans.

 

 

Small loans

 

Added a weighted-average 1.4 years to the life of loans.

Principal forgiveness

 

Large loans

 

Reduced the amortized cost basis of the loans by $1.1 million.

 

 

Small loans

 

Reduced the amortized cost basis of the loans by $0.4 million.

 

 

 

Year Ended December 31, 2024

Loan Modification

 

Product

 

Financial Effect

Interest rate reduction

 

Large loans

 

Reduced the weighted-average contractual interest rate by 12.6%.

 

 

Small loans

 

Reduced the weighted-average contractual interest rate by 24.4%.

Term extension

 

Large loans

 

Added a weighted-average 1.5 years to the life of loans.

 

 

Small loans

 

Added a weighted-average 1.4 years to the life of loans.

Principal forgiveness

 

Large loans

 

Reduced the amortized cost basis of the loans by $1.3 million.

 

 

Small loans

 

Reduced the amortized cost basis of the loans by $0.5 million.

 

 

 

 

Year Ended December 31, 2023

Loan Modification

 

Product

 

Financial Effect

Interest rate reduction

 

Large loans

 

Reduced the weighted-average contractual interest rate by 10.7%.

 

 

Small loans

 

Reduced the weighted-average contractual interest rate by 13.6%.

Term extension

 

Large loans

 

Added a weighted-average 1.5 years to the life of loans.

 

 

Small loans

 

Added a weighted-average 1.4 years to the life of loans.

Principal forgiveness

 

Large loans

 

Reduced the amortized cost basis of the loans by $1.0 million.

 

 

Small loans

 

Reduced the amortized cost basis of the loans by $0.5 million.
Summary of Amortized Cost Basis for Modifications Made to Borrowers Experiencing Financial Difficulty Subsequently Defaulted

The following tables provide 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 Year Ended December 31, 2025

 

Dollars in thousands

 

Large

 

 

Small

 

 

Total

 

Interest rate reduction

 

$

4,420

 

 

$

1,358

 

 

$

5,778

 

Interest rate reduction & term extension

 

 

1,255

 

 

 

237

 

 

 

1,492

 

Term extension

 

 

162

 

 

 

38

 

 

 

200

 

Principal forgiveness, interest rate reduction, & term extension

 

 

87

 

 

 

—

 

 

 

87

 

Total

 

$

5,924

 

 

$

1,633

 

 

$

7,557

 

 

 

 

As of and for the Year Ended December 31, 2024

 

Dollars in thousands

 

Large

 

 

Small

 

 

Total

 

Interest rate reduction

 

$

858

 

 

$

280

 

 

$

1,138

 

Interest rate reduction & term extension

 

 

1,608

 

 

 

319

 

 

 

1,927

 

Term extension

 

 

231

 

 

 

52

 

 

 

283

 

Principal forgiveness, interest rate reduction, & term extension

 

 

30

 

 

 

6

 

 

 

36

 

Total

 

$

2,727

 

 

$

657

 

 

$

3,384

 

 

 

 

As of and for the Year Ended December 31, 2023

 

Dollars in thousands

 

Large

 

 

Small

 

 

Total

 

Interest rate reduction

 

$

—

 

 

$

—

 

 

$

—

 

Interest rate reduction & term extension

 

 

1,334

 

 

 

248

 

 

 

1,582

 

Term extension

 

 

27

 

 

 

3

 

 

 

30

 

Principal forgiveness, interest rate reduction, & term extension

 

 

16

 

 

 

3

 

 

 

19

 

Total

 

$

1,377

 

 

$

254

 

 

$

1,631

 

 
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 periods indicated are as follows:

 

 

 

December 31, 2025

 

Dollars in thousands

 

Large

 

 

Small

 

 

Total

 

Current

 

$

17,453

 

 

$

4,266

 

 

$

21,719

 

30 - 89 days past due

 

 

3,570

 

 

 

1,081

 

 

 

4,651

 

90+ days past due

 

 

3,041

 

 

 

968

 

 

 

4,009

 

Total (1)

 

$

24,064

 

 

$

6,315

 

 

$

30,379

 

(1) Excludes modified finance receivables that subsequently charged off of $3.3 million and $1.3 million in large and small loans, respectively.

 

 

December 31, 2024

 

Dollars in thousands

 

Large

 

 

Small

 

 

Total

 

Current

 

$

13,207

 

 

$

3,138

 

 

$

16,345

 

30 - 89 days past due

 

 

2,410

 

 

 

799

 

 

 

3,209

 

90+ days past due

 

 

1,645

 

 

 

468

 

 

 

2,113

 

Total (1)

 

$

17,262

 

 

$

4,405

 

 

$

21,667

 

(1) Excludes modified finance receivables that subsequently charged off of $1.4 million and $0.2 million in large and small loans, respectively.
v3.25.4
Restricted Available-for-Sale Investments (Tables)
 12 Months Ended
Dec. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Reconciliation of Restricted AFS Investments

 

 

 

December 31, 2025

 

Dollars in thousands

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Estimated Fair Value

 

Restricted investments

 

$

24,213

 

 

$

—

 

 

$

(2

)

 

$

24,211

 

 

 

 

December 31, 2024

 

Dollars in thousands

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Estimated Fair Value

 

Restricted investments

 

$

21,633

 

 

$

92

 

 

$

(13

)

 

$

21,712

 
Summary of Gross Unrealized Losses And Estimated Fair Values of Restricted AFS Investments

 

 

December 31, 2025

 

 

 

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

 

$

22,000

 

 

$

(2

)

 

$

—

 

 

$

—

 

 

$

22,000

 

 

$

(2

)

 

 

 

December 31, 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

 

$

2,205

 

 

$

(13

)

 

$

—

 

 

$

—

 

 

$

2,205

 

 

$

(13

)
Summary of Amortized Cost And Estimated Fair Values of Restricted AFS Investments by Contractual Maturity

The following tables include the amortized cost and estimated fair values of restricted AFS investments by contractual maturity as of the period indicated:

 

 

 

December 31, 2025

 

Dollars in thousands

 

Amortized Cost

 

 

Estimated Fair Value

 

Due in one year

 

$

24,213

 

 

$

24,211

 

Due within one year to five years

 

 

—

 

 

 

—

 

Due within five years to ten years

 

 

—

 

 

 

—

 

Due after ten years

 

 

—

 

 

 

—

 

Total

 

$

24,213

 

 

$

24,211

 
v3.25.4
Property and Equipment (Tables)
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Summary of Property and Equipment

For the periods indicated, property and equipment consisted of the following:

 

 

 

December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

Furniture, fixtures, and equipment

 

$

29,095

 

 

$

28,285

 

Leasehold improvements

 

 

18,658

 

 

 

18,033

 

Property and equipment cost

 

 

47,753

 

 

 

46,318

 

Less accumulated depreciation

 

 

34,597

 

 

 

32,641

 

Property and equipment, net

 

$

13,156

 

 

$

13,677

 
v3.25.4
Leases (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Summary of Rent Expenses

The Company’s rent expense for the periods indicated is as follows:

 

 

 

Year Ended December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

 

2023

 

Operating leases

 

$

13,136

 

 

$

11,526

 

 

$

10,587

 

Short-term leases

 

 

186

 

 

 

221

 

 

 

447

 

Total

 

$

13,322

 

 

$

11,747

 

 

$

11,034

 
Summary of Weighted-average Remaining Lease Term and Discount Rate

The Company’s weighted-average remaining lease term and discount rate for the periods indicated are as follows:

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Weighted-average remaining lease term (in years)

 

 

5.3

 

 

 

5.1

 

Weighted-average discount rate

 

 

6.5

%

 

 

6.2

%

 
Future Minimum Lease Payments on Lease Liabilities

Future minimum lease payments on the Company’s lease liabilities are as follows:

 

Dollars in thousands

 

December 31, 2025

 

2026

 

$

12,394

 

2027

 

 

11,677

 

2028

 

 

8,818

 

2029

 

 

6,830

 

2030

 

 

5,092

 

Thereafter

 

 

10,152

 

Total

 

 

54,963

 

Present value adjustment

 

 

(8,995

)

Lease liability

 

$

45,968

 
v3.25.4
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Gross Carrying Amount and Related Accumulated Amortization of Intangible Assets

The following table provides the gross carrying amount and related accumulated amortization of intangible assets for the periods indicated:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Dollars in thousands

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Software

 

$

56,687

 

 

$

(25,622

)

 

$

31,065

 

 

$

43,869

 

 

$

(20,061

)

 

$

23,808

 

Other

 

 

950

 

 

 

(234

)

 

 

716

 

 

 

950

 

 

 

(234

)

 

 

716

 

Total

 

$

57,637

 

 

$

(25,856

)

 

$

31,781

 

 

$

44,819

 

 

$

(20,295

)

 

$

24,524

 
Summary of Future Amortization of Intangible Assets

Intangible amortization expense for the years ended December 31, 2025, 2024, and 2023 totaled $5.6 million, $4.4 million, and $3.7 million, respectively. As of December 31, 2025, the Company’s weighted-average amortization period for software was 6.0 years. The following table sets forth the future amortization of software:

 

Dollars in thousands

 

Amount

 

2026

 

$

7,547

 

2027

 

 

6,814

 

2028

 

 

5,871

 

2029

 

 

3,999

 

2030

 

 

3,099

 

Thereafter

 

 

3,735

 

Total

 

$

31,065

 
v3.25.4
Other Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Summary of Other Assets

Other assets include the following as of the periods indicated:

 

 

 

December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

Prepaid expenses

 

$

8,776

 

 

$

8,690

 

Income tax receivable

 

 

7,055

 

 

 

1,708

 

Credit insurance receivable

 

 

3,555

 

 

 

2,840

 

Card payments receivable

 

 

3,522

 

 

 

2,587

 

Warehouse credit facilities debt issue costs

 

 

1,838

 

 

 

2,236

 

Other

 

 

1,808

 

 

 

2,805

 

Total

 

$

26,554

 

 

$

20,866

 
v3.25.4
Variable Interest Entities (Tables)
 12 Months Ended
Dec. 31, 2025
Variable Interest Entities [Abstract]  
Summary of Presents the Assets and Liabilities

The following table presents the assets and liabilities of the Company’s consolidated VIEs:

 

Dollars in thousands

 

December 31, 2025

 

 

December 31, 2024

 

Assets

 

 

 

 

 

 

Cash

 

$

200

 

 

$

378

 

Net finance receivables

 

 

1,601,780

 

 

 

1,317,604

 

Allowance for credit losses

 

 

(160,971

)

 

 

(136,850

)

Restricted cash

 

 

93,966

 

 

 

130,970

 

Other assets

 

 

2,242

 

 

 

3,078

 

Total assets

 

$

1,537,217

 

 

$

1,315,180

 

Liabilities

 

 

 

 

 

 

Net debt

 

$

1,455,320

 

 

$

1,253,096

 

Accounts payable and accrued expenses

 

 

21

 

 

 

19

 

Total liabilities

 

$

1,455,341

 

 

$

1,253,115

 
v3.25.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Summary of the Company's Debt

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

 

 

December 31, 2025

 

December 31, 2024

 

Dollars in thousands

Debt

 

Unamortized Debt Issuance Costs (1)

 

Net Debt

 

Debt

 

Unamortized Debt Issuance Costs (1)

 

Net Debt

 

Revolving credit facilities

$

270,186

 

$

(1,747

)

$

268,439

 

$

315,904

 

$

(437

)

$

315,467

 

Securitizations

 

1,380,578

 

 

(6,844

)

 

1,373,734

 

 

1,162,432

 

 

(5,901

)

 

1,156,531

 

Total

$

1,650,764

 

$

(8,591

)

$

1,642,173

 

$

1,478,336

 

$

(6,338

)

$

1,471,998

 

Unused amount of revolving credit facilities (subject to borrowing base)

$

511,420

 

 

 

 

 

$

466,164

 

 

 

 

 

(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 $1.8 million and $2.2 million in such costs as of December 31, 2025 and December 31, 2024, respectively.
Summary of Company's Credit Facilities

The following table includes the key terms under each of the Company’s revolving credit facilities as of December 31, 2025:

 

Dollars in thousands

Total Credit Facility

 

Debt Balance

 

Restricted Cash Reserves

 

Advance Rate Cap

 

Current Advance Rate

 

Unused Commitment Fee

 

Revolving Period End Date

 

Maturity Date

Senior (1) (2)

$

355,000

 

$

188,600

 

$

—

 

83%

 

73%

 

0.3% - 0.9%

 

N/A

 

Aug 2028

RMR IV warehouse (3)

 

125,000

 

 

20,596

 

 

259

 

79%

 

79%

 

0.5%

 

May 2026

 

May 2027

RMR V warehouse

 

100,000

 

 

19,358

 

 

120

 

80%

 

80%

 

0.4% - 0.7%

 

Nov 2026

 

Nov 2027

RMR VI warehouse (4)

 

75,000

 

 

21,162

 

 

141

 

75%

 

75%

 

0.5%

 

Feb 2027

 

Feb 2028

RMR VII warehouse

 

125,000

 

 

20,470

 

 

121

 

76%

 

76%

 

0.4% - 0.7%

 

N/A

 

Oct 2026

Total

$

780,000

 

$

270,186

 

$

641

 

 

 

 

 

 

 

 

 

 

(1) In August 2025, the Company entered into a loan agreement replacing the previous senior revolving credit facility of $355 million. In connection with the new facility, the Company terminated its senior revolving credit facility previously scheduled to mature in September 2025. The new agreement, among other things, (i) provides for a senior revolving credit facility of up to $355 million (with an accordion provision that can expand up to $420 million); (ii) has a maturity date scheduled in August 2028; and (iii) updates the unused commitment fee to range between 0.3% - 0.9% based on daily average outstanding balance (previously ranging between 0.5% - 1.0%).

(2) The senior revolving credit facility has an additional advance rate cap of 60% of eligible delinquent renewals. As of December 31, 2025, this advance rate was 50%.

(3) Following a May 2025 amendment, the revolving period end date is now May 2026 (previously May 2025), the maturity date is now May 2027 (previously May 2026), and the unused commitment fee is now 0.5% (previously ranging between 0.4% - 0.7%).

(4) Following a January 2025 amendment, the revolving period end date is now February 2027 (previously February 2025), and the maturity date is now February 2028 (previously February 2026).

Borrowings under the revolving credit facilities bear interest, payable monthly, at a rate equal to the sum of any applicable floor, benchmark adjustment, margin, and the market rate of each respective rate type that was effective as of December 31, 2025 (as follows):

 

 

Floor

 

Margin

 

Rate Type

 

Effective Interest Rate

Senior (1)

0.5%

 

2.8%

 

1-month SOFR

 

6.6%

RMR IV warehouse (2)

—

 

2.3%

 

1-month SOFR

 

6.1%

RMR V warehouse

—

 

2.1%

 

Conduit

 

6.2%

RMR VI warehouse (3)

—

 

2.1%

 

1-month SOFR

 

5.9%

RMR VII warehouse

—

 

2.4%

 

1-month SOFR

 

6.3%

(1) Following the August 2025 agreement for a new senior revolving credit facility, the benchmark adjustment has been removed (previously 0.1%), and the margin is now 2.8% (previously 3.0%).

(2) Following a May 2025 amendment, the benchmark adjustment has been removed (previously 0.1%), and the margin is now 2.3% (previously 2.8%).

(3) Following a January 2025 amendment, (i) the margin was reduced to 2.1% (previously 2.5%) and (ii) interest may accrue based on the daily or 1-month SOFR (previously only the 1-month SOFR).
Summary Of Company's securitizations

The following table includes the key terms under each of the Company’s securitizations as of December 31, 2025:

 

Dollars in thousands

Issue Date

 

Issue Amount

 

Debt Balance

 

Restricted Cash Reserves

 

Effective Interest Rate

 

Revolving Period End Date

 

Maturity Date

RMIT 2021-2

Jul 2021

 

 

200,000

 

 

200,192

 

 

2,083

 

2.3%

 

Jul 2026

 

Aug 2033

RMIT 2021-3

Oct 2021

 

 

125,000

 

 

125,202

 

 

1,471

 

3.9%

 

Sep 2026

 

Oct 2033

RMIT 2022-1

Feb 2022

 

 

250,000

 

 

97,936

 

 

2,646

 

4.4%

 

Feb 2025

 

Mar 2032

RMIT 2024-1

Jun 2024

 

 

187,305

 

 

187,788

 

 

1,078

 

6.2%

 

May 2027

 

Jul 2036

RMIT 2024-2

Nov 2024

 

 

250,000

 

 

250,557

 

 

1,418

 

5.3%

 

Nov 2026

 

Dec 2033

RMIT 2025-1 (1)

Mar 2025

 

 

265,000

 

 

265,585

 

 

1,489

 

5.3%

 

Mar 2027

 

Apr 2034

RMIT 2025-2 (2)

Oct 2025

 

 

252,810

 

 

253,318

 

 

1,389

 

4.8%

 

Oct 2027

 

Nov 2037

Total

 

 

$

1,530,115

 

$

1,380,578

 

$

11,574

 

 

 

 

 

 

(1) In March 2025, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2025-1, completed a private offering and sale of $265 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate, asset-backed notes by RMIT 2025-1. 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 2025-1. Prior to maturity in April 2034, 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 April 2027. No payments of principal of the notes will be made during the revolving period.

(2) In October 2025, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2025-2, completed a private offering and sale of $253 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate, asset-backed notes by RMIT 2025-2. 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 2025-2. Prior to maturity in November 2037, 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 2027. No payments of principal of the notes will be made during the revolving period.

Summary of Estimated Principal Payments Required on Outstanding Debt

The following is a summary of estimated future principal payments required on outstanding debt:

 

Dollars in thousands

 

Amount

 

2026

 

$

223,318

 

2027

 

 

644,843

 

2028

 

 

658,693

 

2029

 

 

119,597

 

2030

 

 

—

 

Thereafter

 

 

—

 

Total

 

$

1,646,451

 
v3.25.4
Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2025
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:

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Dividends declared per common share

 

$

1.20

 

 

$

1.20

 

 

$

1.20

 
v3.25.4
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
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:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Dollars in thousands

 

Carrying
Amount

 

 

Estimated
Fair Value

 

 

Carrying
Amount

 

 

Estimated
Fair Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Level 1:

 

 

 

 

 

 

 

 

 

 

 

 

Cash

 

$

3,823

 

 

$

3,823

 

 

$

3,951

 

 

$

3,951

 

Restricted cash

 

 

94,174

 

 

 

94,174

 

 

 

131,684

 

 

 

131,684

 

Level 3:

 

 

 

 

 

 

 

 

 

 

 

 

Net finance receivables, less unearned insurance
   premiums and allowance for credit losses

 

 

1,866,403

 

 

 

1,893,834

 

 

 

1,644,967

 

 

 

1,695,325

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Level 3:

 

 

 

 

 

 

 

 

 

 

 

 

Debt

 

 

1,650,764

 

 

 

1,636,727

 

 

 

1,478,336

 

 

 

1,428,607

 
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:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Dollars in thousands

 

Carrying
Amount

 

 

Estimated
Fair Value

 

 

Carrying
Amount

 

 

Estimated
Fair Value

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Level 2:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted AFS investments

 

$

24,211

 

 

$

24,211

 

 

$

21,712

 

 

$

21,712

 
v3.25.4
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Tax Expense Attributable to Total Income Before Income Taxes

Income tax expense attributable to total income before income taxes consists of the following for the periods indicated:

 

 

 

Year Ended December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

 

2023

 

Current:

 

 

 

 

 

 

 

 

 

Federal

 

$

444

 

 

$

7,886

 

 

$

3,567

 

State and local

 

 

273

 

 

 

724

 

 

 

1,146

 

 

 

717

 

 

 

8,610

 

 

 

4,713

 

Deferred:

 

 

 

 

 

 

 

 

 

Federal

 

 

12,106

 

 

 

3,821

 

 

 

289

 

State and local

 

 

542

 

 

 

417

 

 

 

(177

)

 

 

12,648

 

 

 

4,238

 

 

 

112

 

Total

 

$

13,365

 

 

$

12,848

 

 

$

4,825

 

 
Schedule of Effective Income Tax Reconciliation

Income tax expense differed from the amount computed by applying the federal income tax rate to total income before income taxes as a result of the following:

 

 

Year Ended December 31,

 

 

2025

 

2024

 

2023

 

Dollars in thousands

$

 

%

 

$

 

%

 

$

 

%

 

Federal tax expense at statutory rate

$

12,133

 

 

21.0

%

$

11,356

 

 

21.0

%

$

4,364

 

 

21.0

%

Increase (reduction) in income taxes resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

State and local income tax, net of federal income tax effect (1)

 

870

 

 

1.5

%

 

943

 

 

1.7

%

 

399

 

 

1.9

%

Tax credits:

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

(749

)

 

(1.3

)%

 

(999

)

 

(1.8

)%

 

(1,550

)

 

(7.5

)%

Other

 

(55

)

 

(0.1

)%

 

(257

)

 

(0.5

)%

 

(201

)

 

(1.0

)%

Nontaxable or nondeductible items:

 

 

 

 

 

 

 

 

 

 

 

 

Nondeductible compensation

 

1,240

 

 

2.1

%

 

1,334

 

 

2.5

%

 

1,106

 

 

5.3

%

Other

 

128

 

 

0.2

%

 

201

 

 

0.4

%

 

113

 

 

0.5

%

Unrecognized tax benefits

 

120

 

 

0.2

%

 

324

 

 

0.6

%

 

382

 

 

1.8

%

Other adjustments

 

(322

)

 

(0.5

)%

 

(54

)

 

(0.1

)%

 

212

 

 

1.2

%

Total

$

13,365

 

 

23.1

%

$

12,848

 

 

23.8

%

$

4,825

 

 

23.2

%

(1) In 2025, Texas, Illinois, and Virginia made up the majority of the tax effect in this category. In 2024, Texas, North Carolina, and South Carolina made up the majority of the tax effect in this category. In 2023, Texas made up the majority of the tax effect in this category.
Summary of Income Taxes Paid (Net of Refunds)

Income taxes paid (net of refunds) consisted of the following jurisdictions for the periods indicated:

 

 

Year Ended December 31,

 

Dollars in thousands

2025

 

2024

 

2023

 

Federal

$

5,670

 

$

2,870

 

$

1,020

 

State:

 

 

 

 

 

 

Texas

 

579

 

 

661

 

 

320

 

South Carolina

 

151

 

 

(574

)

 

—

 

Illinois

 

72

 

 

137

 

 

132

 

Missouri

 

—

 

 

—

 

 

271

 

North Carolina

 

(67

)

 

(194

)

 

416

 

Alabama

 

(72

)

 

(161

)

 

603

 

Other

 

(222

)

 

(5

)

 

288

 

 

441

 

 

(136

)

 

2,030

 

Total

$

6,111

 

$

2,734

 

$

3,050

 

 
Schedule of Net Deferred Tax Assets and Liabilities

Net deferred tax assets and liabilities consist of the following as of the periods indicated:

 

 

 

December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

Deferred tax assets:

 

 

 

 

 

 

Allowance for credit losses

 

$

52,488

 

 

$

47,296

 

Lease liability

 

 

11,022

 

 

 

9,716

 

Unearned insurance commissions

 

 

8,522

 

 

 

7,760

 

Share-based compensation

 

 

2,843

 

 

 

3,011

 

Accrued expenses

 

 

2,414

 

 

 

2,444

 

State net operating loss carryforward

 

 

2,177

 

 

 

1,638

 

Research and experimental expenditures

 

 

—

 

 

 

4,408

 

Unearned premium reserves

 

 

—

 

 

 

234

 

Other

 

 

462

 

 

 

59

 

Deferred tax assets

 

 

79,928

 

 

 

76,566

 

 

 

 

 

 

 

 

Deferred tax liabilities:

 

 

 

 

 

 

Fair market value adjustment of net finance receivables

 

 

60,313

 

 

 

49,942

 

Lease assets

 

 

10,510

 

 

 

9,207

 

Deferred loan costs

 

 

5,215

 

 

 

4,162

 

Depreciation and software amortization

 

 

3,733

 

 

 

2,580

 

Research and experimental expenditures

 

 

1,995

 

 

 

—

 

Prepaid expenses

 

 

1,375

 

 

 

1,305

 

Unearned premium reserves

 

 

13

 

 

 

—

 

Other

 

 

119

 

 

 

84

 

Deferred tax liabilities

 

 

83,273

 

 

 

67,280

 

Deferred tax assets (liabilities), net

 

$

(3,345

)

 

$

9,286

 
Schedule of Unrecognized Tax Positions Reconciliation

The following schedule reconciles unrecognized tax positions for the periods indicated:

 

 

 

As of and for the Year Ended December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

 

2023

 

Beginning balance

 

$

984

 

 

$

733

 

 

$

414

 

Additions based on tax positions related to the current year

 

 

206

 

 

 

247

 

 

 

268

 

Additions for tax positions of prior years

 

 

—

 

 

 

4

 

 

 

51

 

Reductions for tax positions of prior years

 

 

(175

)

 

 

—

 

 

 

—

 

Ending balance

 

$

1,015

 

 

$

984

 

 

$

733

 
v3.25.4
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2025
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:

 

 

 

Year Ended December 31,

 

Dollars in thousands, except per share amounts

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

44,412

 

 

$

41,227

 

 

$

15,958

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding for basic earnings per share

 

 

9,428

 

 

 

9,640

 

 

 

9,398

 

Effect of dilutive securities

 

 

556

 

 

 

317

 

 

 

195

 

Weighted-average shares adjusted for dilutive securities

 

 

9,984

 

 

 

9,957

 

 

 

9,593

 

Earnings per share:

 

 

 

 

 

 

 

 

 

Basic

 

$

4.71

 

 

$

4.28

 

 

$

1.70

 

Diluted

 

$

4.45

 

 

$

4.14

 

 

$

1.66

 
v3.25.4
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Company's Stock Option Plan Activity The following table summarizes the stock option activity for the year ended December 31, 2025:

 

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 beginning of period

 

 

444

 

 

$

23.65

 

 

 

 

 

 

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Exercised

 

 

(66

)

 

 

20.50

 

 

 

 

 

 

 

Forfeited

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Expired

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Options outstanding at end of period

 

 

378

 

 

$

24.20

 

 

 

3.8

 

 

$

5,506

 

Options exercisable at end of period

 

 

378

 

 

$

24.20

 

 

 

3.8

 

 

$

5,506

 

 
Summary of Additional Stock Option Information

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

 

 

 

Year Ended December 31,

 

Dollars in thousands, except per share amounts

 

2025

 

 

2024

 

 

2023

 

Weighted-average grant date fair value per share

 

$

—

 

 

$

—

 

 

$

—

 

Intrinsic value of options exercised

 

$

1,158

 

 

$

718

 

 

$

277

 

Fair value of stock options that vested

 

$

—

 

 

$

—

 

 

$

544

 
Summary of Award Grant Fair Value Assumptions The following are the weighted-average assumptions for the PRSU grants for the periods indicated:

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Expected volatility

 

 

42.0

%

 

 

42.5

%

 

 

40.2

%

Risk-free rate

 

 

4.0

%

 

 

5.2

%

 

 

5.2

%

Discount for post-vesting restrictions

 

 

11.8

%

 

 

9.2

%

 

 

8.5

%
Summary of PRSU Activity

The following table summarizes PRSU activity for the year ended December 31, 2025:

 

Dollars and units in thousands, except per unit amounts

 

Units

 

 

Weighted-Average
Grant Date
Fair Value Per Unit

 

Non-vested units at beginning of period

 

 

311

 

 

$

33.93

 

Granted

 

 

135

 

 

 

25.90

 

Performance adjustment

 

 

(24

)

 

 

52.07

 

Vested

 

 

(43

)

 

 

52.07

 

Forfeited

 

 

—

 

 

 

—

 

Non-vested units at end of period

 

 

379

 

 

$

27.86

 
Summary of Additional PRSU Information

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

 

 

 

Year Ended December 31,

 

Dollars in thousands, except per unit amounts

 

2025

 

 

2024

 

 

2023

 

Weighted-average grant date fair value per unit

 

$

25.90

 

 

$

26.21

 

 

$

32.40

 

Fair value of PRSUs that vested

 

$

2,237

 

 

$

—

 

 

$

—

 
Summary of Additional Performance-contingent Restricted Stock Units Information The following table provides additional performance-contingent RSU information for the periods indicated:

 

 

 

Year Ended December 31,

 

Dollars in thousands, except per unit amounts

 

2025

 

 

2024

 

 

2023

 

Weighted-average grant date fair value per unit

 

$

—

 

 

$

—

 

 

$

—

 

Fair value of RSUs that vested

 

$

—

 

 

$

1,371

 

 

$

1,445

 
Summary of Service-based RSU Activity The following table summarizes service-based RSU activity for the year ended December 31, 2025:

 

Dollars and units in thousands, except per unit amounts

 

Units

 

 

Weighted-Average
Grant Date
Fair Value Per Unit

 

Non-vested units at beginning of period

 

 

35

 

 

$

28.20

 

Granted

 

 

51

 

 

 

29.74

 

Vested

 

 

(35

)

 

 

28.95

 

Forfeited

 

 

—

 

 

 

—

 

Non-vested units at end of period

 

 

51

 

 

$

29.21

 

 
Summary of Additional Service-based RSU Information

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

 

 

 

Year Ended December 31,

 

Dollars in thousands, except per unit amounts

 

2025

 

 

2024

 

 

2023

 

Weighted-average grant date fair value per unit

 

$

29.74

 

 

$

28.20

 

 

$

—

 

Fair value of RSUs that vested

 

$

1,000

 

 

$

500

 

 

$

—

 
Summary of RSA Activity The following table summarizes RSA activity for the year ended December 31, 2025:

 

Dollars and shares in thousands, except per share amounts

 

Shares

 

 

Weighted-Average
Grant Date
Fair Value Per Share

 

Non-vested shares at beginning of period

 

 

334

 

 

$

28.80

 

Granted

 

 

271

 

 

 

29.68

 

Vested

 

 

(258

)

 

 

29.16

 

Forfeited

 

 

(18

)

 

 

29.09

 

Non-vested shares at end of period

 

 

329

 

 

$

29.22

 
Summary of Additional RSA Information

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

 

 

 

Year Ended December 31,

 

Dollars in thousands, except per share amounts

 

2025

 

 

2024

 

 

2023

 

Weighted-average grant date fair value per share

 

$

29.68

 

 

$

28.52

 

 

$

34.25

 

Fair value of RSAs that vested

 

$

7,534

 

 

$

7,467

 

 

$

8,787

 
v3.25.4
Insurance Products and Reinsurance of Certain Risks (Tables)
 12 Months Ended
Dec. 31, 2025
Insurance [Abstract]  
Schedule of Components of Insurance Income, Net

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

 

 

 

Year Ended December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

 

2023

 

Earned premiums

 

$

58,771

 

 

$

57,312

 

 

$

59,830

 

Claims, reserves, and certain direct expenses

 

 

(13,198

)

 

 

(16,617

)

 

 

(15,301

)

Insurance income, net

 

$

45,573

 

 

$

40,695

 

 

$

44,529

 
v3.25.4
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Summary of Segment Profit or Loss The CODM either reviews or is otherwise regularly provided with amounts for the following measures in the Company’s financial results for the periods indicated:

 

 

 

Year Ended December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

 

2023

 

Interest income

 

$

537,555

 

 

$

491,308

 

 

$

454,856

 

Fee income

 

 

41,394

 

 

 

37,586

 

 

 

34,842

 

Insurance income, net

 

 

45,573

 

 

 

40,695

 

 

 

44,529

 

Other income

 

 

21,076

 

 

 

18,914

 

 

 

17,172

 

Provision for credit losses

 

 

245,432

 

 

 

212,200

 

 

 

220,034

 

Share-based compensation expense

 

 

11,867

 

 

 

11,171

 

 

 

11,755

 

Depreciation and amortization expense

 

 

10,517

 

 

 

9,186

 

 

 

8,218

 

Interest expense

 

 

84,814

 

 

 

74,530

 

 

 

67,463

 

Income tax expense

 

 

13,365

 

 

 

12,848

 

 

 

4,825

 
Summary of Revenues from External Customers Product and Service

The following table presents the Company’s revenues from external customers for each significant product and service for the periods indicated:

 

 

 

Year Ended December 31,

 

Dollars in thousands

 

2025

 

 

2024

 

 

2023

 

Large loans

 

$

382,938

 

 

$

337,708

 

 

$

323,898

 

Small loans

 

 

196,011

 

 

 

191,186

 

 

 

165,800

 

Interest and fee income

 

 

578,949

 

 

 

528,894

 

 

 

489,698

 

Insurance income, net

 

 

45,573

 

 

 

40,695

 

 

 

44,529

 

Other income

 

 

21,076

 

 

 

18,914

 

 

 

17,172

 

Total revenue

 

$

645,598

 

 

$

588,503

 

 

$

551,399

 
v3.25.4
Nature of Business - Additional Information (Detail)
Dec. 31, 2025
State
Accounting Policies [Abstract]  
Number of states 19
v3.25.4
Significant Accounting Policies - Additional Information (Detail) - Segment
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Significant Accounting Policies [Line Items]      
Number of reportable segment 1    
Contractual delinquent period of loans 180 days    
Bankruptcy delinquency threshold 60 days    
Delinquency interest accrual cessation 90 days    
Exercise period of options 10 years    
Threshold period to write off financing receivable 90 days    
Non-Employee Directors [Member]      
Significant Accounting Policies [Line Items]      
Non-employee director compensation grant period 5 days    
Long Term Incentive Plan [Member]      
Significant Accounting Policies [Line Items]      
Holding period post vesting date 1 year    
Pre provision return on assets percentage 20.00%    
Maximum payout percentage 170.00%    
Performance target for achievement period 3 years    
Key Team Member Incentive Plan [Member] | Restricted Stock [Member]      
Significant Accounting Policies [Line Items]      
Deferred compensation arrangement with individual, description     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).
Performance target for achievement period     1 year
Vesting period of options     2 years
Minimum [Member]      
Significant Accounting Policies [Line Items]      
Lease agreement term 3 years    
Minimum [Member] | Long Term Incentive Plan [Member]      
Significant Accounting Policies [Line Items]      
Percentage of performance target for achievement 0.00%    
Percentage of performance target for achievement based on cumulative total shareholder return 0.00%    
Minimum [Member] | Long Term Incentive Plan [Member] | Restricted Stock [Member]      
Significant Accounting Policies [Line Items]      
Percentage of performance target for achievement     0.00%
Maximum [Member]      
Significant Accounting Policies [Line Items]      
Lease agreement term 7 years    
Maximum [Member] | Graded And Cliff Vesting [Member]      
Significant Accounting Policies [Line Items]      
Vesting period of options 5 years    
Maximum [Member] | Long Term Incentive Plan [Member]      
Significant Accounting Policies [Line Items]      
Percentage of performance target for achievement   150.00%  
Percentage of performance target for achievement based on cumulative total shareholder return 150.00%    
Maximum [Member] | Long Term Incentive Plan [Member] | Restricted Stock [Member]      
Significant Accounting Policies [Line Items]      
Percentage of performance target for achievement     150.00%
Furniture and Equipment [Member] | Minimum [Member]      
Significant Accounting Policies [Line Items]      
Estimated useful lives 5 years    
Furniture and Equipment [Member] | Maximum [Member]      
Significant Accounting Policies [Line Items]      
Estimated useful lives 10 years    
v3.25.4
Concentrations of Credit Risk - Additional Information (Detail)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Concentration Risk [Line Items]    
Concentration risk, geographic As of December 31, 2025, customers living in Texas and North Carolina accounted for 30% and 15%, respectively, of the Company’s net finance receivables. Customers living in Texas, North Carolina, and South Carolina accounted for 30%, 16%, and 10%, respectively, of the Company’s net finance receivables as of December 31, 2024.
Finance Receivables [Member] | Credit Concentration Risk [Member] | South Carolina [Member]    
Concentration Risk [Line Items]    
Concentration risk, percentage   10.00%
Finance Receivables [Member] | Credit Concentration Risk [Member] | Texas [Member]    
Concentration Risk [Line Items]    
Concentration risk, percentage 30.00% 30.00%
Finance Receivables [Member] | Credit Concentration Risk [Member] | North Carolina [Member]    
Concentration Risk [Line Items]    
Concentration risk, percentage 15.00% 16.00%
v3.25.4
Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Finance Receivables (Detail) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total $ 2,140,199 $ 1,892,535 $ 1,771,410
Large Loans [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total 1,593,171 1,336,780 1,274,137
Small Loans [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Total $ 547,028 $ 555,755 $ 497,273
v3.25.4
Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Additional Information (Detail)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
Rating
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Net finance receivables included net deferred origination fees $ 15.1 $ 15.7  
Number of FICO band categories | Rating 6    
Accrued interest reversed as a reduction of interest and fee income $ 27.6 $ 23.6 $ 24.2
v3.25.4
Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Financing Receivable Credit Quality Indicators (Detail) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 $ 1,497,721 $ 1,253,168  
2024 436,202 433,924  
2023 143,973 160,271  
2022 52,423 40,215  
2021 9,079 4,188  
Prior 801 769  
Total Net Finance Receivables 2,140,199 1,892,535 $ 1,771,410
FICO Band 1 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 202,359 154,585  
2024 49,218 49,655  
2023 17,162 14,194  
2022 5,301 4,207  
2021 1,509 833  
Prior 395 401  
Total Net Finance Receivables 275,944 223,875  
FICO Band 2 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 111,790 88,062  
2024 27,587 25,263  
2023 7,637 6,926  
2022 2,148 1,663  
2021 385 177  
Prior 48 94  
Total Net Finance Receivables 149,595 122,185  
FICO Band 3 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 175,021 143,488  
2024 44,967 45,233  
2023 14,199 17,640  
2022 5,495 4,300  
2021 747 343  
Prior 51 61  
Total Net Finance Receivables 240,480 211,065  
FICO Band 4 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 223,052 193,067  
2024 62,956 65,467  
2023 21,530 26,682  
2022 8,664 6,234  
2021 1,134 579  
Prior 80 107  
Total Net Finance Receivables 317,416 292,136  
FICO Band 5 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 237,016 212,701  
2024 75,137 75,486  
2023 24,089 30,064  
2022 10,086 8,217  
2021 1,898 787  
Prior 91 39  
Total Net Finance Receivables 348,317 327,294  
FICO Band 6 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 548,483 461,265  
2024 176,337 172,820  
2023 59,356 64,765  
2022 20,729 15,594  
2021 3,406 1,469  
Prior 136 67  
Total Net Finance Receivables 808,447 715,980  
Large Loans [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 1,061,776 796,453  
2024 336,199 344,308  
2023 133,686 151,595  
2022 51,732 39,578  
2021 8,995 4,123  
Prior 783 723  
Total Net Finance Receivables 1,593,171 1,336,780 1,274,137
Large Loans [Member] | FICO Band 1 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 119,724 86,776  
2024 36,692 37,750  
2023 15,225 12,457  
2022 5,034 3,950  
2021 1,453 793  
Prior 382 373  
Total Net Finance Receivables 178,510 142,099  
Large Loans [Member] | FICO Band 2 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 75,189 55,211  
2024 21,423 19,464  
2023 6,854 6,171  
2022 2,086 1,602  
2021 383 173  
Prior 48 92  
Total Net Finance Receivables 105,983 82,713  
Large Loans [Member] | FICO Band 3 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 121,142 90,642  
2024 35,473 35,777  
2023 13,157 16,579  
2022 5,398 4,224  
2021 739 339  
Prior 51 59  
Total Net Finance Receivables 175,960 147,620  
Large Loans [Member] | FICO Band 4 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 160,692 125,867  
2024 50,359 52,564  
2023 20,102 25,521  
2022 8,588 6,140  
2021 1,130 570  
Prior 77 100  
Total Net Finance Receivables 240,948 210,762  
Large Loans [Member] | FICO Band 5 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 173,379 137,243  
2024 58,320 58,604  
2023 22,357 28,564  
2022 9,995 8,148  
2021 1,893 784  
Prior 90 36  
Total Net Finance Receivables 266,034 233,379  
Large Loans [Member] | FICO Band 6 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 411,650 300,714  
2024 133,932 140,149  
2023 55,991 62,303  
2022 20,631 15,514  
2021 3,397 1,464  
Prior 135 63  
Total Net Finance Receivables 625,736 520,207  
Small Loans [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 435,945 456,715  
2024 100,003 89,616  
2023 10,287 8,676  
2022 691 637  
2021 84 65  
Prior 18 46  
Total Net Finance Receivables 547,028 555,755 $ 497,273
Small Loans [Member] | FICO Band 1 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 82,635 67,809  
2024 12,526 11,905  
2023 1,937 1,737  
2022 267 257  
2021 56 40  
Prior 13 28  
Total Net Finance Receivables 97,434 81,776  
Small Loans [Member] | FICO Band 2 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 36,601 32,851  
2024 6,164 5,799  
2023 783 755  
2022 62 61  
2021 2 4  
Prior 0 2  
Total Net Finance Receivables 43,612 39,472  
Small Loans [Member] | FICO Band 3 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 53,879 52,846  
2024 9,494 9,456  
2023 1,042 1,061  
2022 97 76  
2021 8 4  
Prior 0 2  
Total Net Finance Receivables 64,520 63,445  
Small Loans [Member] | FICO Band 4 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 62,360 67,200  
2024 12,597 12,903  
2023 1,428 1,161  
2022 76 94  
2021 4 9  
Prior 3 7  
Total Net Finance Receivables 76,468 81,374  
Small Loans [Member] | FICO Band 5 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 63,637 75,458  
2024 16,817 16,882  
2023 1,732 1,500  
2022 91 69  
2021 5 3  
Prior 1 3  
Total Net Finance Receivables 82,283 93,915  
Small Loans [Member] | FICO Band 6 [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
2025 136,833 160,551  
2024 42,405 32,671  
2023 3,365 2,462  
2022 98 80  
2021 9 5  
Prior 1 4  
Total Net Finance Receivables $ 182,711 $ 195,773  
v3.25.4
Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Credit Losses by Product and Origination Year (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Credit losses, 2025 $ 28,961 $ 22,855  
Credit losses, 2024 135,309 123,295  
Credit losses, 2023 55,023 50,827  
Credit losses, 2022 15,734 12,251  
Credit losses, 2021 3,552 1,597  
Credit losses, prior 581 517  
Credit losses, Total Credit Losses 239,160 211,342 $ 220,933
Large Loans [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Credit losses, 2025 12,624 9,699  
Credit losses, 2024 67,939 67,711  
Credit losses, 2023 38,427 39,070  
Credit losses, 2022 14,126 11,197  
Credit losses, 2021 3,435 1,541  
Credit losses, prior 547 474  
Credit losses, Total Credit Losses 137,098 129,692 133,918
Small Loans [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Credit losses, 2025 16,337 13,156  
Credit losses, 2024 67,370 55,584  
Credit losses, 2023 16,596 11,757  
Credit losses, 2022 1,608 1,054  
Credit losses, 2021 117 56  
Credit losses, prior 34 43  
Credit losses, Total Credit Losses $ 102,062 $ 81,650 $ 87,015
v3.25.4
Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Amortized Cost Basis in Past-Due Loans (Detail) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 2,140,199 $ 1,892,535 $ 1,771,410
Net finance receivables in nonaccrual status $ 100,620 $ 88,830  
Total net finance receivables 100.00% 100.00%  
Net finance receivables in nonaccrual status 4.70% 4.70%  
Financing Receivables, Current [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 1,809,107 $ 1,590,381  
Current,Percent 84.50% 84.00%  
1 to 29 Days Past Due [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 169,858 $ 156,312  
Past due, Percent 8.00% 8.30%  
Delinquent Accounts 30 to 59 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 41,235 $ 36,948  
Past due, Percent 1.90% 1.90%  
Delinquent Accounts 60 to 89 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 37,158 $ 35,242  
Past due, Percent 1.70% 1.90%  
Delinquent Accounts 90 to 119 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 30,818 $ 28,085  
Past due, Percent 1.50% 1.50%  
Delinquent Accounts 120 to 149 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 27,765 $ 23,987  
Past due, Percent 1.30% 1.30%  
Delinquent Accounts 150 to 179 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 24,258 $ 21,580  
Past due, Percent 1.10% 1.10%  
Total Delinquency Accounts [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 161,234 $ 145,842  
Past due, Percent 7.50% 7.70%  
Large Loans [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 1,593,171 $ 1,336,780 1,274,137
Net finance receivables in nonaccrual status $ 62,351 $ 54,228  
Total net finance receivables 100.00% 100.00%  
Net finance receivables in nonaccrual status 3.90% 4.10%  
Large Loans [Member] | Financing Receivables, Current [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 1,372,102 $ 1,139,070  
Current,Percent 86.10% 85.20%  
Large Loans [Member] | 1 to 29 Days Past Due [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 121,113 $ 109,656  
Past due, Percent 7.60% 8.20%  
Large Loans [Member] | Delinquent Accounts 30 to 59 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 26,940 $ 22,909  
Past due, Percent 1.70% 1.70%  
Large Loans [Member] | Delinquent Accounts 60 to 89 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 23,576 $ 21,493  
Past due, Percent 1.50% 1.60%  
Large Loans [Member] | Delinquent Accounts 90 to 119 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 18,957 $ 16,609  
Past due, Percent 1.20% 1.30%  
Large Loans [Member] | Delinquent Accounts 120 to 149 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 16,715 $ 14,357  
Past due, Percent 1.00% 1.10%  
Large Loans [Member] | Delinquent Accounts 150 to 179 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 13,768 $ 12,686  
Past due, Percent 0.90% 0.90%  
Large Loans [Member] | Total Delinquency Accounts [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 99,956 $ 88,054  
Past due, Percent 6.30% 6.60%  
Small Loans [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 547,028 $ 555,755 $ 497,273
Net finance receivables in nonaccrual status $ 38,269 $ 34,602  
Total net finance receivables 100.00% 100.00%  
Net finance receivables in nonaccrual status 7.00% 6.20%  
Small Loans [Member] | Financing Receivables, Current [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 437,005 $ 451,311  
Current,Percent 79.90% 81.20%  
Small Loans [Member] | 1 to 29 Days Past Due [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 48,745 $ 46,656  
Past due, Percent 8.90% 8.40%  
Small Loans [Member] | Delinquent Accounts 30 to 59 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 14,295 $ 14,039  
Past due, Percent 2.60% 2.50%  
Small Loans [Member] | Delinquent Accounts 60 to 89 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 13,582 $ 13,749  
Past due, Percent 2.50% 2.50%  
Small Loans [Member] | Delinquent Accounts 90 to 119 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 11,861 $ 11,476  
Past due, Percent 2.20% 2.10%  
Small Loans [Member] | Delinquent Accounts 120 to 149 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 11,050 $ 9,630  
Past due, Percent 2.00% 1.70%  
Small Loans [Member] | Delinquent Accounts 150 to 179 Days [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 10,490 $ 8,894  
Past due, Percent 1.90% 1.60%  
Small Loans [Member] | Total Delinquency Accounts [Member]      
Financing Receivable Recorded Investment [Line Items]      
Net finance receivables $ 61,278 $ 57,788  
Past due, Percent 11.20% 10.40%  
v3.25.4
Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Reconciliations of Allowance for Credit Losses (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance $ 199,500 $ 187,400 $ 178,800
Provision for credit losses 245,432 212,200 220,034
Credit losses (239,160) (211,342) (220,933)
Recoveries 15,128 11,242 9,499
Ending balance 220,900 199,500 187,400
Net finance receivables $ 2,140,199 $ 1,892,535 $ 1,771,410
Allowance as Percentage of Finance Receivables 10.30% 10.50% 10.60%
Large [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance $ 133,506 $ 127,992 $ 119,592
Provision for credit losses 146,401 128,190 136,638
Credit losses (137,098) (129,692) (133,918)
Recoveries 9,491 7,016 5,680
Ending balance 152,300 133,506 127,992
Net finance receivables $ 1,593,171 $ 1,336,780 $ 1,274,137
Allowance as Percentage of Finance Receivables 9.60% 10.00% 10.00%
Small [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Beginning balance $ 65,994 $ 59,408 $ 59,208
Provision for credit losses 99,031 84,010 83,396
Credit losses (102,062) (81,650) (87,015)
Recoveries 5,637 4,226 3,819
Ending balance 68,600 65,994 59,408
Net finance receivables $ 547,028 $ 555,755 $ 497,273
Allowance as Percentage of Finance Receivables 12.50% 11.90% 11.90%
v3.25.4
Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Modification Made to Borrowers Experiencing Financial Difficulty (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 30,379 $ 21,667 $ 16,400
% of Net finance receivables 1.40% 1.10% 0.90%
Principal Forgiveness, Interest Rate Reduction, & Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 722 $ 614 $ 325
Interest Rate Reduction and Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 7,116 $ 10,601 $ 14,799
% of Net finance receivables 0.30% 0.60% 0.80%
Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 1,245 $ 2,178 $ 1,276
% of Net finance receivables 0.10% 0.10% 0.10%
Interest Rate Reduction [Member]      
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 21,296 $ 8,274  
% of Net finance receivables 1.00% 0.40%  
Large Loans [Member]      
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 24,064 $ 17,262 $ 13,905
% of Net finance receivables 1.50% 1.30% 1.10%
Large Loans [Member] | Principal Forgiveness, Interest Rate Reduction, & Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 699 $ 586 $ 288
Large Loans [Member] | Interest Rate Reduction and Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 6,007 $ 9,155 $ 12,687
% of Net finance receivables 0.40% 0.80% 1.00%
Large Loans [Member] | Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 1,030 $ 1,792 $ 930
% of Net finance receivables 0.10% 0.10% 0.10%
Large Loans [Member] | Interest Rate Reduction [Member]      
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 16,328 $ 5,729  
% of Net finance receivables 1.00% 0.40%  
Small Loans [Member]      
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 6,315 $ 4,405 $ 2,495
% of Net finance receivables 1.20% 0.80% 0.50%
Small Loans [Member] | Principal Forgiveness, Interest Rate Reduction, & Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 23 $ 28 $ 37
Small Loans [Member] | Interest Rate Reduction and Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 1,109 $ 1,446 $ 2,112
% of Net finance receivables 0.20% 0.20% 0.40%
Small Loans [Member] | Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 215 $ 386 $ 346
% of Net finance receivables   0.10% 0.10%
Small Loans [Member] | Interest Rate Reduction [Member]      
Financing Receivable, Modified [Line Items]      
Amortized cost basis $ 4,968 $ 2,545  
% of Net finance receivables 1.00% 0.50%  
v3.25.4
Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Financial Effects of Borrowers Experiencing Financial Difficulty (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Large Loans [Member] | Principal Forgiveness [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Reduced amortized cost basis $ 1.1 $ 1.3 $ 1.0
Large Loans [Member] | Interest Rate Reduction [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Reduced weighted-average contractual interest 18.00% 12.60% 10.70%
Large Loans [Member] | Term Extension [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Added weighted-average period to loans 1 year 6 months 1 year 6 months 1 year 6 months
Small Loans [Member] | Principal Forgiveness [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Reduced amortized cost basis $ 0.4 $ 0.5 $ 0.5
Small Loans [Member] | Interest Rate Reduction [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Reduced weighted-average contractual interest 29.50% 24.40% 13.60%
Small Loans [Member] | Term Extension [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Added weighted-average period to loans 1 year 4 months 24 days 1 year 4 months 24 days 1 year 4 months 24 days
v3.25.4
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 (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financing Receivable, Modified [Line Items]      
Financial receivable subsequent default $ 7,557 $ 3,384 $ 1,631
Principal forgiveness, interest rate reduction, & term extension 87 36 19
Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Financial receivable subsequent default 200 283 30
Interest Rate Reduction and Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Financial receivable subsequent default 1,492 1,927 1,582
Interest Rate Reduction [Member]      
Financing Receivable, Modified [Line Items]      
Financial receivable subsequent default 5,778 1,138  
Large Loans [Member]      
Financing Receivable, Modified [Line Items]      
Financial receivable subsequent default 5,924 2,727 1,377
Principal forgiveness, interest rate reduction, & term extension 87 30 16
Large Loans [Member] | Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Financial receivable subsequent default 162 231 27
Large Loans [Member] | Interest Rate Reduction and Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Financial receivable subsequent default 1,255 1,608 1,334
Large Loans [Member] | Interest Rate Reduction [Member]      
Financing Receivable, Modified [Line Items]      
Financial receivable subsequent default 4,420 858  
Small Loans [Member]      
Financing Receivable, Modified [Line Items]      
Financial receivable subsequent default 1,633 657 254
Principal forgiveness, interest rate reduction, & term extension   6 3
Small Loans [Member] | Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Financial receivable subsequent default 38 52 3
Small Loans [Member] | Interest Rate Reduction and Term Extension [Member]      
Financing Receivable, Modified [Line Items]      
Financial receivable subsequent default 237 319 $ 248
Small Loans [Member] | Interest Rate Reduction [Member]      
Financing Receivable, Modified [Line Items]      
Financial receivable subsequent default $ 1,358 $ 280  
v3.25.4
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) - Contractual Delinquencies of Loans that were Modified to Borrowers [Member] - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Financing Receivable, Credit Quality Indicator [Line Items]    
Contractual delinquencies of loans $ 30,379 [1] $ 21,667 [2]
Financing Receivables, Current [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Contractual delinquencies of loans 21,719 16,345
Financing Receivables, 30 - 89 Days Past Due [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Contractual delinquencies of loans 4,651 3,209
Financing Receivables, 90+ Days Past Due [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Contractual delinquencies of loans 4,009 2,113
Small Loans [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Contractual delinquencies of loans 6,315 [1] 4,405 [2]
Small Loans [Member] | Financing Receivables, Current [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Contractual delinquencies of loans 4,266 3,138
Small Loans [Member] | Financing Receivables, 30 - 89 Days Past Due [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Contractual delinquencies of loans 1,081 799
Small Loans [Member] | Financing Receivables, 90+ Days Past Due [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Contractual delinquencies of loans 968 468
Large Loans [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Contractual delinquencies of loans 24,064 [1] 17,262 [2]
Large Loans [Member] | Financing Receivables, Current [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Contractual delinquencies of loans 17,453 13,207
Large Loans [Member] | Financing Receivables, 30 - 89 Days Past Due [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Contractual delinquencies of loans 3,570 2,410
Large Loans [Member] | Financing Receivables, 90+ Days Past Due [Member]    
Financing Receivable, Credit Quality Indicator [Line Items]    
Contractual delinquencies of loans $ 3,041 $ 1,645
[1] Excludes modified finance receivables that subsequently charged off of $3.3 million and $1.3 million in large and small loans, respectively.
[2] Excludes modified finance receivables that subsequently charged off of $1.4 million and $0.2 million in large and small loans, respectively.
v3.25.4
Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Contractual Delinquencies of Loans that were Modified to Borrowers Experiencing Financial Difficulty (Parenthetical) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]      
Modified finance receivables charged off $ 239,160 $ 211,342 $ 220,933
Small Loans [Member]      
Financing Receivable, Credit Quality Indicator [Line Items]      
Modified finance receivables charged off 102,062 81,650 87,015
Small Loans [Member] | Contractual Delinquencies of Loans that were Modified to Borrowers [Member]      
Financing Receivable, Credit Quality Indicator [Line Items]      
Modified finance receivables charged off 1,300 200  
Large Loans [Member]      
Financing Receivable, Credit Quality Indicator [Line Items]      
Modified finance receivables charged off 137,098 129,692 $ 133,918
Large Loans [Member] | Contractual Delinquencies of Loans that were Modified to Borrowers [Member]      
Financing Receivable, Credit Quality Indicator [Line Items]      
Modified finance receivables charged off $ 3,300 $ 1,400  
v3.25.4
Finance Receivables, Credit Quality Information, and Allowance for Credit Losses - Summary of Net Finance Receivables Modified And Classified As TDRs (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]      
TDR Net Finance Receivables $ 7,557 $ 3,384 $ 1,631
Small Loans [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
TDR Net Finance Receivables 1,633 657 254
Large Loans [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
TDR Net Finance Receivables $ 5,924 $ 2,727 $ 1,377
v3.25.4
Restricted Available-for-Sale Investments - Reconciliation of Restricted AFS Investments (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Schedule Of Available For Sale Securities [Line Items]    
Estimated Fair Value $ 24,211 $ 21,712
Restricted Investments    
Schedule Of Available For Sale Securities [Line Items]    
Amortized Cost 24,213 21,633
Gross Unrealized Gains 0 92
Gross Unrealized Losses (2) (13)
Estimated Fair Value $ 24,211 $ 21,712
v3.25.4
Restricted Available-for-Sale Investments - Summary of Gross Unrealized Losses And Estimated Fair Values of Restricted AFS Investments (Details) - Restricted Investments - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Schedule Of Available For Sale Securities [Line Items]    
Less than 12 Months, Estimated Fair Value $ 22,000 $ 2,205
Less than 12 Months, Gross Unrealized Losses (2) (13)
12 Months or Longer, Estimated Fair Value 0 0
12 Months or Longer, Gross Unrealized Losses 0 0
Total Estimated Fair Value 22,000 2,205
Total Gross Unrealized Losses $ (2) $ (13)
v3.25.4
Restricted Available-for-Sale Investments - Additional Information (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Schedule Of Available For Sale Securities [Line Items]      
Accrued interest receivable $ 13,000 $ 13,000  
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 $ (20,000) $ 0
v3.25.4
Restricted Available-for-Sale Investments - Summary of Amortized Cost And Estimated Fair Values of Restricted AFS Investments by Contractual Maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Estimated Fair Value    
Total restricted available-for-sale investments $ 24,211 $ 21,712
Restricted Investments    
Amortized Cost    
Due in one year 24,213  
Due within one year to five years 0  
Due within five years to ten years 0  
Due after ten years 0  
Total restricted available-for-sale investments 24,213 21,633
Estimated Fair Value    
Due in one year 24,211  
Due within one year to five years 0  
Due within five years to ten years 0  
Due after ten years 0  
Total restricted available-for-sale investments $ 24,211 $ 21,712
v3.25.4
Property and Equipment - Summary of Property and Equipment (Detail) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Property Plant And Equipment [Line Items]    
Property and equipment, gross $ 47,753 $ 46,318
Less accumulated depreciation 34,597 32,641
Property and equipment, net 13,156 13,677
Furniture, Fixtures and Equipment [Member]    
Property Plant And Equipment [Line Items]    
Property and equipment, gross 29,095 28,285
Leasehold Improvements [Member]    
Property Plant And Equipment [Line Items]    
Property and equipment, gross $ 18,658 $ 18,033
v3.25.4
Property and Equipment - Additional Information (Detail) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Property, Plant and Equipment [Abstract]      
Depreciation expense $ 5.0 $ 4.8 $ 4.6
v3.25.4
Leases - Additional Information (Detail)
Dec. 31, 2025
Minimum [Member]  
Operating Leased Assets [Line Items]  
Lease agreement term 3 years
Maximum [Member]  
Operating Leased Assets [Line Items]  
Lease agreement term 7 years
Branch [Member] | Minimum [Member]  
Operating Leased Assets [Line Items]  
Lease agreement term 3 years
Extend lease agreement term 3 years
Branch [Member] | Maximum [Member]  
Operating Leased Assets [Line Items]  
Lease agreement term 7 years
Extend lease agreement term 5 years
Corporate Headquarters [Member]  
Operating Leased Assets [Line Items]  
Lease agreement term 11 years
Extend lease agreement term 10 years
v3.25.4
Leases - Summary of Rent Expenses (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Lease, Cost [Abstract]      
Operating leases $ 13,136 $ 11,526 $ 10,587
Short-term leases 186 221 447
Total $ 13,322 $ 11,747 $ 11,034
v3.25.4
Leases - Summary of Weighted-average Remaining Lease Term and Discount Rate (Detail)
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
Weighted-average remaining lease term (in years) 5 years 3 months 18 days 5 years 1 month 6 days
Weighted-average discount rate 6.50% 6.20%
v3.25.4
Leases - Future Minimum Lease Payments on Lease Liabilities (Detail) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]    
2026 $ 12,394  
2027 11,677  
2028 8,818  
2029 6,830  
2030 5,092  
Thereafter 10,152  
Total 54,963  
Present value adjustment (8,995)  
Lease liability $ 45,968 $ 40,579
v3.25.4
Intangible Assets - Summary of Gross Carrying Amount and Related Accumulated Amortization of Intangible Assets (Detail) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Intangible Assets Including Goodwill [Line Items]    
Total intangible assets, Gross Carrying Amount $ 57,637 $ 44,819
Total intangible assets, Accumulated Amortization (25,856) (20,295)
Total intangible assets, Net Carrying Amount 31,781 24,524
Software [Member]    
Intangible Assets Including Goodwill [Line Items]    
Total intangible assets, Gross Carrying Amount 56,687 43,869
Total intangible assets, Accumulated Amortization (25,622) (20,061)
Total intangible assets, Net Carrying Amount 31,065 23,808
Other [Member]    
Intangible Assets Including Goodwill [Line Items]    
Total intangible assets, Gross Carrying Amount 950 950
Total intangible assets, Accumulated Amortization (234) (234)
Total intangible assets, Net Carrying Amount $ 716 $ 716
v3.25.4
Intangible Assets - Additional Information (Detail) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Intangible Assets Including Goodwill [Line Items]      
Amortization expense for intangible assets $ 5.6 $ 4.4 $ 3.7
Software [Member]      
Intangible Assets Including Goodwill [Line Items]      
Weighted-average amortization period 6 years    
v3.25.4
Intangible Assets - Summary of Future Amortization of Intangible Assets (Detail) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]    
Total intangible assets, Net Carrying Amount $ 31,781 $ 24,524
Software [Member]    
Finite-Lived Intangible Assets [Line Items]    
2026 7,547  
2027 6,814  
2028 5,871  
2029 3,999  
2030 3,099  
Thereafter 3,735  
Total intangible assets, Net Carrying Amount $ 31,065 $ 23,808
v3.25.4
Other Assets - Summary of Other Assets (Detail) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Prepaid expenses $ 8,776 $ 8,690
Income tax receivable 7,055 1,708
Credit insurance receivable 3,555 2,840
Card payments receivable 3,522 2,587
Warehouse credit facilities debt issue costs 1,838 2,236
Other 1,808 2,805
Total $ 26,554 $ 20,866
v3.25.4
Variable Interest Entities - Additional Information (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Variable Interest Entity [Line Items]      
Cash deposited to restricted cash reserve account $ 94,174 $ 131,684 $ 124,164
Contractual Priority Payments [Member]      
Variable Interest Entity [Line Items]      
Cash deposited to restricted cash reserve account $ 81,800 $ 117,100  
v3.25.4
Variable Interest Entities - Summary of Presents the Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Assets        
Cash $ 3,823 $ 3,951 $ 4,509  
Net finance receivables 2,140,199 1,892,535 1,771,410  
Allowance for credit losses (220,900) (199,500) (187,400) $ (178,800)
Restricted cash 94,174 131,684 $ 124,164  
Other assets 26,554 20,866    
Total assets 2,103,930 1,909,109    
Liabilities        
Net debt 1,642,173 1,471,998    
Accounts payable and accrued expenses 39,352 39,454    
Total liabilities 1,730,838 1,552,031    
VIEs [Member]        
Assets        
Cash 200 378    
Net finance receivables 1,601,780 1,317,604    
Allowance for credit losses (160,971) (136,850)    
Restricted cash 93,966 130,970    
Other assets 2,242 3,078    
Total assets 1,537,217 1,315,180    
Liabilities        
Net debt 1,455,320 1,253,096    
Accounts payable and accrued expenses 21 19    
Total liabilities $ 1,455,341 $ 1,253,115    
v3.25.4
Debt - Summary of the Company's Debt (Detail) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Debt $ 1,650,764 $ 1,478,336
Unamortized debt issuance costs [1] (8,591) (6,338)
Net debt 1,642,173 1,471,998
Unused amount of revolving credit facilities (subject to borrowing base) 511,420 466,164
Revolving credit facilities    
Debt Instrument [Line Items]    
Debt 270,186 315,904
Unamortized debt issuance costs [1] (1,747) (437)
Net debt 268,439 315,467
Securitizations    
Debt Instrument [Line Items]    
Debt 1,380,578 1,162,432
Unamortized debt issuance costs [1] (6,844) (5,901)
Net debt $ 1,373,734 $ 1,156,531
[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 $1.8 million and $2.2 million in such costs as of December 31, 2025 and December 31, 2024, respectively.
v3.25.4
Debt - Summary of the Company's Debt (Parenthetical) (Detail) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Unamortized debt issuance costs [1] $ 8,591 $ 6,338
Revolving warehouse credit facilities    
Debt Instrument [Line Items]    
Unamortized debt issuance costs $ 1,800 $ 2,200
[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 $1.8 million and $2.2 million in such costs as of December 31, 2025 and December 31, 2024, respectively.
v3.25.4
Debt - Additional Information (Detail) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
Feb. 28, 2021
Sep. 30, 2020
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Line of Credit Facility [Line Items]          
Cash     $ 3,823 $ 3,951 $ 4,509
Advances on securitizations     $ 517,810 $ 437,305  
RMIT 2020-1 securitization          
Line of Credit Facility [Line Items]          
Advances on securitizations   $ 180,000      
Debt Instrument, Payment Terms     In March 2025, the Company and RMR III exercised the right to make an optional principal repayment in full and, in connection with such prepayment, the securitization terminated.    
RMIT 2021-1 securitization          
Line of Credit Facility [Line Items]          
Advances on securitizations $ 249,000        
Debt Instrument, Payment Terms     In October 2025, the Company and RMR III exercised the right to make an optional principal repayment in full and, in connection with such prepayment, the securitization terminated.    
Unrestricted Cash [Member]          
Line of Credit Facility [Line Items]          
Cash     $ 3,800    
Revolving credit facilities | Senior          
Line of Credit Facility [Line Items]          
Credit facility, eligible borrowing capacity     $ 145,300    
v3.25.4
Debt - Summary of Company's Revolving Credit Facilities (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
May 31, 2025
Apr. 30, 2025
Dec. 31, 2025
Jan. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Line of Credit Facility [Line Items]            
Debt Balance     $ 1,650,764   $ 1,478,336  
Restricted Cash Reserves     94,174   $ 131,684 $ 124,164
RMR IV warehouse            
Line of Credit Facility [Line Items]            
Total Credit Facility [1]     125,000      
Debt Balance [1]     20,596      
Restricted Cash Reserves [1]     $ 259      
Advance Rate Cap [1]     79.00%      
Current Advance Rate [1]     79.00%      
Unused Commitment Fee 0.50%   0.50% [1]      
Revolving Period End Date 2026-05 2025-05 2026-05 [1]      
Maturity Date 2027-05 2026-05 2027-05 [1]      
RMR IV warehouse | Maximum [Member]            
Line of Credit Facility [Line Items]            
Unused Commitment Fee   0.70%        
RMR IV warehouse | Minimum [Member]            
Line of Credit Facility [Line Items]            
Unused Commitment Fee   0.40%        
RMR V warehouse            
Line of Credit Facility [Line Items]            
Total Credit Facility     $ 100,000      
Debt Balance     19,358      
Restricted Cash Reserves     $ 120      
Advance Rate Cap     80.00%      
Current Advance Rate     80.00%      
Revolving Period End Date     2026-11      
Maturity Date     2027-11      
RMR V warehouse | Maximum [Member]            
Line of Credit Facility [Line Items]            
Unused Commitment Fee     0.70%      
RMR V warehouse | Minimum [Member]            
Line of Credit Facility [Line Items]            
Unused Commitment Fee     0.40%      
RMR VI warehouse            
Line of Credit Facility [Line Items]            
Total Credit Facility [2]     $ 75,000      
Debt Balance [2]     21,162      
Restricted Cash Reserves [2]     $ 141      
Advance Rate Cap [2]     75.00%      
Current Advance Rate [2]     75.00%      
Unused Commitment Fee [2]     0.50%      
Revolving Period End Date     2027-02 [2] 2027-02 2025-02  
Maturity Date     2028-02 [2] 2028-02 2026-02  
RMR VII warehouse            
Line of Credit Facility [Line Items]            
Total Credit Facility     $ 125,000      
Debt Balance     20,470      
Restricted Cash Reserves     $ 121      
Advance Rate Cap     76.00%      
Current Advance Rate     76.00%      
Maturity Date     2026-10      
RMR VII warehouse | Maximum [Member]            
Line of Credit Facility [Line Items]            
Unused Commitment Fee     0.70%      
RMR VII warehouse | Minimum [Member]            
Line of Credit Facility [Line Items]            
Unused Commitment Fee     0.40%      
Senior            
Line of Credit Facility [Line Items]            
Total Credit Facility [3],[4]     $ 355,000      
Debt Balance [3],[4]     $ 188,600      
Advance Rate Cap [3],[4]     83.00%      
Current Advance Rate [3],[4]     73.00%      
Maturity Date [3],[4]     2028-08      
Senior | Maximum [Member]            
Line of Credit Facility [Line Items]            
Unused Commitment Fee [3],[4]     0.90%      
Senior | Minimum [Member]            
Line of Credit Facility [Line Items]            
Unused Commitment Fee [3],[4]     0.30%      
Revolving credit facilities            
Line of Credit Facility [Line Items]            
Total Credit Facility     $ 780,000      
Debt Balance     270,186   $ 315,904  
Restricted Cash Reserves     $ 641      
[1] Following a May 2025 amendment, the revolving period end date is now May 2026 (previously May 2025), the maturity date is now May 2027 (previously May 2026), and the unused commitment fee is now 0.5% (previously ranging between 0.4% - 0.7%).
[2] Following a January 2025 amendment, the revolving period end date is now February 2027 (previously February 2025), and the maturity date is now February 2028 (previously February 2026).
[3] In August 2025, the Company entered into a loan agreement replacing the previous senior revolving credit facility of $355 million. In connection with the new facility, the Company terminated its senior revolving credit facility previously scheduled to mature in September 2025. The new agreement, among other things, (i) provides for a senior revolving credit facility of up to $355 million (with an accordion provision that can expand up to $420 million); (ii) has a maturity date scheduled in August 2028; and (iii) updates the unused commitment fee to range between 0.3% - 0.9% based on daily average outstanding balance (previously ranging between 0.5% - 1.0%).
[4] The senior revolving credit facility has an additional advance rate cap of 60% of eligible delinquent renewals. As of December 31, 2025, this advance rate was 50%.
v3.25.4
Debt - Summary of Company's Revolving Credit Facilities (Parenthetical) (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
Aug. 31, 2025
Jul. 31, 2025
May 31, 2025
Apr. 30, 2025
Dec. 31, 2025
Jan. 31, 2025
Dec. 31, 2024
Senior Revolving Credit Facility              
Line of Credit Facility [Line Items]              
Advance rate cap of eligible delinquent renewals         60.00%    
Current advance rate on eligible delinguent renewals         50.00%    
Senior Revolving Credit Facility | Minimum              
Line of Credit Facility [Line Items]              
Unused commitment fee rate 0.30% 0.50%          
Senior Revolving Credit Facility | Maximum              
Line of Credit Facility [Line Items]              
Unused commitment fee rate 0.90% 1.00%          
RMR IV warehouse              
Line of Credit Facility [Line Items]              
Line of credit facility aggregate commitments [1]         $ 125,000    
Maturity Date     2027-05 2026-05 2027-05 [1]    
Unused commitment fee rate     0.50%   0.50% [1]    
Revolving period end date     2026-05 2025-05 2026-05 [1]    
RMR IV warehouse | Minimum              
Line of Credit Facility [Line Items]              
Unused commitment fee rate       0.40%      
RMR IV warehouse | Maximum              
Line of Credit Facility [Line Items]              
Unused commitment fee rate       0.70%      
RMR VI warehouse              
Line of Credit Facility [Line Items]              
Line of credit facility aggregate commitments [2]         $ 75,000    
Maturity Date         2028-02 [2] 2028-02 2026-02
Unused commitment fee rate [2]         0.50%    
Revolving period end date         2027-02 [2] 2027-02 2025-02
Revolving credit facilities              
Line of Credit Facility [Line Items]              
Line of credit facility aggregate commitments         $ 780,000    
Revolving credit facilities | Previous Senior Revolving Credit Facility              
Line of Credit Facility [Line Items]              
Line of credit facility aggregate commitments   $ 355,000          
Maturity Date   2025-09          
Revolving credit facilities | Senior Revolving Credit Facility              
Line of Credit Facility [Line Items]              
Line of credit facility aggregate commitments $ 355,000            
Maturity Date 2028-08            
Line of credit facility accordion provision feature $ 420,000            
[1] Following a May 2025 amendment, the revolving period end date is now May 2026 (previously May 2025), the maturity date is now May 2027 (previously May 2026), and the unused commitment fee is now 0.5% (previously ranging between 0.4% - 0.7%).
[2] Following a January 2025 amendment, the revolving period end date is now February 2027 (previously February 2025), and the maturity date is now February 2028 (previously February 2026).
v3.25.4
Debt - Summary of Borrowings Under the Revolving Credit Facilities (Details)
 1 Months Ended 12 Months Ended
May 31, 2025
Apr. 30, 2025
Jan. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
RMR IV warehouse          
Debt Instrument [Line Items]          
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]       us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember  
Effective interest rate [1]       6.10%  
RMR IV warehouse | Benchmark Adjustment          
Debt Instrument [Line Items]          
Interest rate, basis spread   0.10%      
RMR IV warehouse | Margin          
Debt Instrument [Line Items]          
Interest rate, basis spread 2.30% 2.80%   2.30% [1]  
RMR V warehouse          
Debt Instrument [Line Items]          
Effective interest rate       6.20%  
RMR V warehouse | Margin          
Debt Instrument [Line Items]          
Interest rate, basis spread       2.10%  
RMR VI warehouse          
Debt Instrument [Line Items]          
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]       us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember  
Effective interest rate [2]       5.90%  
RMR VI warehouse | Margin          
Debt Instrument [Line Items]          
Interest rate, basis spread     2.10% 2.10% [2] 2.50%
RMR VII warehouse          
Debt Instrument [Line Items]          
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]       us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember  
Effective interest rate       6.30%  
RMR VII warehouse | Margin          
Debt Instrument [Line Items]          
Interest rate, basis spread       2.40%  
Senior          
Debt Instrument [Line Items]          
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]       us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember  
Effective interest rate [3]       6.60%  
Senior | Margin          
Debt Instrument [Line Items]          
Interest rate, basis spread [3]       2.80%  
Senior | Minimum          
Debt Instrument [Line Items]          
Effective interest rate [3]       0.50%  
[1] Following a May 2025 amendment, the benchmark adjustment has been removed (previously 0.1%), and the margin is now 2.3% (previously 2.8%).
[2] Following a January 2025 amendment, (i) the margin was reduced to 2.1% (previously 2.5%) and (ii) interest may accrue based on the daily or 1-month SOFR (previously only the 1-month SOFR).
[3] Following the August 2025 agreement for a new senior revolving credit facility, the benchmark adjustment has been removed (previously 0.1%), and the margin is now 2.8% (previously 3.0%).
v3.25.4
Debt - Summary of Borrowings Under the Revolving Credit Facilities (Parenthetical) (Details)
 1 Months Ended 12 Months Ended
Aug. 31, 2025
Jul. 31, 2025
May 31, 2025
Apr. 30, 2025
Jan. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
RMR VI warehouse              
Debt Instrument [Line Items]              
Interest accrual basis         daily or 1-month SOFR   1-month SOFR
Benchmark Adjustment | Senior              
Debt Instrument [Line Items]              
Interest rate, basis spread   0.10%          
Benchmark Adjustment | RMR IV warehouse              
Debt Instrument [Line Items]              
Interest rate, basis spread       0.10%      
Margin [Member] | Senior              
Debt Instrument [Line Items]              
Interest rate, basis spread 2.80% 3.00%          
Margin [Member] | RMR IV warehouse              
Debt Instrument [Line Items]              
Interest rate, basis spread     2.30% 2.80%   2.30% [1]  
Margin [Member] | RMR VI warehouse              
Debt Instrument [Line Items]              
Interest rate, basis spread         2.10% 2.10% [2] 2.50%
[1] Following a May 2025 amendment, the benchmark adjustment has been removed (previously 0.1%), and the margin is now 2.3% (previously 2.8%).
[2] Following a January 2025 amendment, (i) the margin was reduced to 2.1% (previously 2.5%) and (ii) interest may accrue based on the daily or 1-month SOFR (previously only the 1-month SOFR).
v3.25.4
Debt - Summary of Company's securitizations (Details) - USD ($)
$ in Thousands
 1 Months Ended
Oct. 31, 2025
Mar. 31, 2025
Nov. 30, 2024
Jun. 30, 2024
Feb. 28, 2022
Oct. 31, 2021
Jul. 31, 2021
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Line of Credit Facility [Line Items]                    
Debt Balance               $ 1,650,764 $ 1,478,336  
Restricted Cash Reserves               94,174 $ 131,684 $ 124,164
RMIT 2021-2                    
Line of Credit Facility [Line Items]                    
Issue Date             2021-07      
Issue Amount             $ 200,000      
Debt Balance               200,192    
Restricted Cash Reserves               $ 2,083    
Effective interest rate               2.30%    
Revolving Period End Date               2026-07    
Maturity Date               2033-08    
RMIT 2021-3                    
Line of Credit Facility [Line Items]                    
Issue Date           2021-10        
Issue Amount           $ 125,000        
Debt Balance               $ 125,202    
Restricted Cash Reserves               $ 1,471    
Effective interest rate               3.90%    
Revolving Period End Date               2026-09    
Maturity Date               2033-10    
RMIT 2022-1                    
Line of Credit Facility [Line Items]                    
Issue Date         2022-02          
Issue Amount         $ 250,000          
Debt Balance               $ 97,936    
Restricted Cash Reserves               $ 2,646    
Effective interest rate               4.40%    
Revolving Period End Date               2025-02    
Maturity Date               2032-03    
RMIT 2024-1                    
Line of Credit Facility [Line Items]                    
Issue Date       2024-06            
Issue Amount       $ 187,305            
Debt Balance               $ 187,788    
Restricted Cash Reserves               $ 1,078    
Effective interest rate               6.20%    
Revolving Period End Date               2027-05    
Maturity Date               2036-07    
RMIT 2024-2                    
Line of Credit Facility [Line Items]                    
Issue Date     2024-11              
Issue Amount     $ 250,000              
Debt Balance               $ 250,557    
Restricted Cash Reserves               $ 1,418    
Effective interest rate               5.30%    
Revolving Period End Date               2026-11    
Maturity Date               2033-12    
RMIT 2025-1                    
Line of Credit Facility [Line Items]                    
Issue Date [1]   2025-03                
Issue Amount [1]   $ 265,000                
Debt Balance [1]               $ 265,585    
Restricted Cash Reserves [1]               $ 1,489    
Effective interest rate [1]               5.30%    
Revolving Period End Date [1]               2027-03    
Maturity Date [1]               2034-04    
RMIT 2025-2                    
Line of Credit Facility [Line Items]                    
Issue Date [2] 2025-10                  
Issue Amount [2] $ 252,810                  
Debt Balance [2]               $ 253,318    
Restricted Cash Reserves [2]               $ 1,389    
Effective interest rate [2]               4.80%    
Revolving Period End Date [2]               2027-10    
Maturity Date [2]               2037-11    
Securitizations                    
Line of Credit Facility [Line Items]                    
Issue Amount               $ 1,530,115    
Debt Balance               1,380,578    
Restricted Cash Reserves               $ 11,574    
[1] In March 2025, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2025-1, completed a private offering and sale of $265 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate, asset-backed notes by RMIT 2025-1. 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 2025-1. Prior to maturity in April 2034, 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 April 2027. No payments of principal of the notes will be made during the revolving period.
[2] In October 2025, the Company, its SPE, RMR III, and the Company’s indirect SPE, RMIT 2025-2, completed a private offering and sale of $253 million of asset-backed notes. The transaction consisted of the issuance of four classes of fixed-rate, asset-backed notes by RMIT 2025-2. The asset-backed notes are secured by finance receivables and other related assets that RMR III purchased from the Company, which RMR III then sold and transferred to RMIT 2025-2. Prior to maturity in November 2037, the Company may redeem the notes in full, but not in part, at its option on any note payment date on or after the payment date occurring in November 2027. No payments of principal of the notes will be made during the revolving period.
v3.25.4
Debt - Summary of Company's securitizations (Parenthetical) (Details) - USD ($)
$ in Thousands
 1 Months Ended 12 Months Ended
Oct. 31, 2025
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Line of Credit Facility [Line Items]        
Advances on securitizations     $ 517,810 $ 437,305
RMIT 2025-1        
Line of Credit Facility [Line Items]        
Advances on securitizations   $ 265,000    
RMIT 2025-2        
Line of Credit Facility [Line Items]        
Advances on securitizations $ 253,000      
v3.25.4
Debt - Summary of Estimated Principal Payments Required on Outstanding Debt (Detail) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Total $ 1,650,764 $ 1,478,336
Payments Of Principal Of Gross Debt Excludes Interest    
Debt Instrument [Line Items]    
2026 223,318  
2027 644,843  
2028 658,693  
2029 119,597  
2030 0  
Thereafter 0  
Total $ 1,646,451  
v3.25.4
Stockholders' Equity - Additional information (Detail) - USD ($)
 1 Months Ended 12 Months Ended
Nov. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Stockholders' Equity Note [Abstract]        
Repurchase shares of common stock $ 60,000,000   $ 30,000,000  
Increase in share repurchase program, authorized, amount $ 30,000,000      
Stock repurchase program expiration date   Dec. 31, 2026    
Number of common shares repurchased   807,000    
Total cost of common stock repurchased including commissions and estimated excise taxes   $ 27,700,000    
Stock repurchased, shares   702,000 105,000 0
v3.25.4
Stockholders' Equity - Schedule of Repurchased Shares of Common Stock (Detail) - shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Stockholders' Equity Note [Abstract]      
Common stock repurchased 702,000 105,000 0
v3.25.4
Stockholders' Equity - Schedule of Dividends Declared Per Share of Common Stock (Detail) - $ / shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Stockholders' Equity Note [Abstract]      
Dividends declared per common share $ 1.20 $ 1.20 $ 1.20
v3.25.4
Fair Value Measurements - Carrying Amount and Estimated Fair Values of Company's Financial Instruments (Detail) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Restricted AFS investments $ 24,211 $ 21,712
Net finance receivables, less unearned insurance premiums and allowance for credit losses 1,866,403 1,644,967
Level 1 [Member] | Carrying Amount [Member]    
Assets    
Cash 3,823 3,951
Restricted cash 94,174 131,684
Level 1 [Member] | Estimated Fair Value [Member]    
Assets    
Cash 3,823 3,951
Restricted cash 94,174 131,684
Level 3 [Member] | Carrying Amount [Member]    
Assets    
Net finance receivables, less unearned insurance premiums and allowance for credit losses 1,866,403 1,644,967
Liabilities:    
Debt 1,650,764 1,478,336
Level 3 [Member] | Estimated Fair Value [Member]    
Assets    
Net finance receivables, less unearned insurance premiums and allowance for credit losses 1,893,834 1,695,325
Liabilities:    
Debt 1,636,727 1,428,607
Level 2 [Member] | Carrying Amount [Member] | Fair Value, Recurring    
Assets    
Restricted AFS investments 24,211 21,712
Level 2 [Member] | Estimated Fair Value [Member] | Fair Value, Recurring    
Assets    
Restricted AFS investments $ 24,211 $ 21,712
v3.25.4
Income Taxes - Income Tax Expense Attributable to Total Income Before Income Taxes (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current:      
Federal $ 444 $ 7,886 $ 3,567
State and local 273 724 1,146
Current total 717 8,610 4,713
Deferred:      
Federal 12,106 3,821 289
State and local 542 417 (177)
Deferred total 12,648 4,238 112
Total $ 13,365 $ 12,848 $ 4,825
v3.25.4
Income Taxes - Schedule of Effective Income Tax Reconciliation (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
Federal tax expense at statutory rate $ 12,133 $ 11,356 $ 4,364
Increase (reduction) in income taxes resulting from:      
State and local income tax, net of federal income tax effect 870 943 399
Tax credits:      
Research and development (749) (999) (1,550)
Other (55) (257) (201)
Nontaxable or nondeductible items:      
Non-deductible compensation 1,240 1,334 1,106
Other 128 201 113
Unrecognized tax benefits 120 324 382
Other (322) (54) 212
Total $ 13,365 $ 12,848 $ 4,825
Federal tax expense at statutory rate 21.00% 21.00% 21.00%
Increase (reduction) in income taxes resulting from:      
State and local income tax, net of federal income tax effect 1.50% 1.70% 1.90%
Effective Income Tax Rate Reconciliation, State and Local Jurisdiction, Contribution Greater than 50 Percent, Tax Effect [Extensible Enumeration] ILLINOIS, TEXAS, stpr:VA NORTH CAROLINA, SOUTH CAROLINA, TEXAS TEXAS
Tax credits:      
Research and development (1.30%) (1.80%) (7.50%)
Other (0.10%) (0.50%) (1.00%)
Nontaxable or nondeductible items:      
Non-deductible compensation 2.10% 2.50% 5.30%
Other 0.20% 0.40% 0.50%
Unrecognized tax benefits 0.20% 0.60% 1.80%
Other (0.50%) (0.10%) 1.20%
Total tax expense 23.10% 23.80% 23.20%
v3.25.4
Income Taxes - Summary of Income Taxes Paid (Net of Refunds) (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Effective Income Tax Rate Reconciliation [Line Items]      
Federal $ 5,670 $ 2,870 $ 1,020
State 441 (136) 2,030
Income Taxes Paid, Net, Total 6,111 2,734 3,050
Texas [Member]      
Effective Income Tax Rate Reconciliation [Line Items]      
State 579 661 320
South Carolina [Member]      
Effective Income Tax Rate Reconciliation [Line Items]      
State 151 (574)  
Illinois [Member]      
Effective Income Tax Rate Reconciliation [Line Items]      
State 72 137 132
Missouri [Member]      
Effective Income Tax Rate Reconciliation [Line Items]      
State     271
North Carolina [Member]      
Effective Income Tax Rate Reconciliation [Line Items]      
State (67) (194) 416
Alabama [Member]      
Effective Income Tax Rate Reconciliation [Line Items]      
State (72) (161) 603
Other [Member]      
Effective Income Tax Rate Reconciliation [Line Items]      
State $ (222) $ (5) $ 288
v3.25.4
Income Taxes - Net Deferred Tax Assets and Liabilities (Detail) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Allowance for credit losses $ 52,488 $ 47,296
Lease liability 11,022 9,716
Unearned insurance commissions 8,522 7,760
Share-based compensation 2,843 3,011
Accrued expenses 2,414 2,444
State net operating loss carryforward 2,177 1,638
Research and experimental expenditures   4,408
Unearned premium reserves   234
Other 462 59
Deferred tax assets 79,928 76,566
Deferred tax liabilities:    
Fair market value adjustment of net finance receivables 60,313 49,942
Lease assets 10,510 9,207
Deferred loan costs 5,215 4,162
Depreciation and software amortization 3,733 2,580
Research and experimental expenditures 1,995  
Prepaid expenses 1,375 1,305
Unearned premium reserves 13  
Other 119 84
Deferred tax liabilities 83,273 67,280
Deferred tax assets, net   $ 9,286
Deferred tax liabilities, net $ (3,345)  
v3.25.4
Income Taxes - Additional Information (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]        
State net operating loss carryforward $ 66,000      
State net operating loss carryforwards expiration year 2032      
Unrecognized tax benefits $ 1,015 $ 984 $ 733 $ 414
Interest and penalties, recognized tax benefits $ 42 $ 100 $ 100  
v3.25.4
Income Taxes - Schedule of Unrecognized Tax Positions Reconciliation (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Beginning balance $ 984 $ 733 $ 414
Additions based on tax positions related to the current year 206 247 268
Additions for tax positions of prior years   4 51
Reductions for tax positions of prior years (175)    
Ending balance $ 1,015 $ 984 $ 733
v3.25.4
Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Numerator:      
Net income $ 44,412 $ 41,227 $ 15,958
Denominator:      
Weighted-average shares outstanding for basic earnings per share 9,428 9,640 9,398
Effect of dilutive securities 556 317 195
Weighted-average shares adjusted for dilutive securities 9,984 9,957 9,593
Earnings per share:      
Basic $ 4.71 $ 4.28 $ 1.70
Diluted $ 4.45 $ 4.14 $ 1.66
v3.25.4
Earnings Per Share - Additional Information (Detail) - shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Stock Compensation Plans [Member]      
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]      
Options to purchase common stock, Shares 37,000 200,000 400,000
v3.25.4
Share-based Compensation - Additional Information (Detail) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Share-based compensation expense $ 11,867,000 $ 11,171,000 $ 11,755,000
2024 Plan [Member]      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Shares available for grant 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    
Stock Options [Member]      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Share-based compensation expense $ 11,900,000 11,200,000 11,800,000
Unrecognized share-based compensation expense $ 11,300,000    
Capitalization of share-based compensation     $ 0
Period of recognition of share-based compensation expense 1 year 7 months 6 days    
Stock Options [Member] | Software [Member]      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Capitalization of share-based compensation $ 500,000 $ 800,000  
Stock Options [Member] | 2024 Plan [Member]      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Maximum aggregate number of additional shares 381,000    
Plan description As of December 31, 2025, 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).    
Stock Options [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    
Performance-contingent Restricted Stock Units [Member]      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Non-vested units 0    
Restricted Stock [Member]      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Non-vested units 329,000 334,000  
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
v3.25.4
Share-based Compensation - Summary of Company's Stock Option Plan Activity (Detail)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
shares
Share-Based Payment Arrangement [Abstract]  
Number of Shares, Options outstanding, Beginning balance | shares 444,000
Number of Shares, Exercised | shares (66,000)
Number of Shares, Options outstanding, Ending balance | shares 378,000
Number of Shares, Options exercisable | shares 378,000
Weighted Average Exercise Price Per Share, Options outstanding, Beginning balance | $ / shares $ 23.65
Weighted Average Exercise Price Per Share, Exercised | $ / shares 20.5
Weighted Average Exercise Price Per Share, Options outstanding, Ending balance | $ / shares 24.2
Weighted Average Exercise Price Per Share, Options exercisable | $ / shares $ 24.2
Weighted Average Remaining Contractual Life (Years), Options outstanding 3 years 9 months 18 days
Weighted Average Remaining Contractual Life (Years), Options exercisable 3 years 9 months 18 days
Aggregate Intrinsic Value, Options outstanding | $ $ 5,506
Aggregate Intrinsic Value, Options exercisable | $ $ 5,506
v3.25.4
Share-based Compensation - Summary of Additional Stock Option Information (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award Options Additional Disclosures [Abstract]      
Intrinsic value of options exercised $ 1,158 $ 718 $ 277
Fair value of stock options that vested     $ 544
v3.25.4
Share-based Compensation - Summary of Award Grant Fair Value Assumptions (Detail) - Performance Restricted Stock Units [Member] - Monte Carlo Valuation Model [Member]
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Expected volatility 42.00% 42.50% 40.20%
Risk-free rate 4.00% 5.20% 5.20%
Discount for post-vesting restrictions 11.80% 9.20% 8.50%
v3.25.4
Share-based Compensation - Summary of PRSU Activity (Detail) - Performance Restricted Stock Units [Member] - $ / shares
shares in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Non-vested shares at beginning of period 311    
Granted 135    
Performance adjustment (24)    
Vested (43)    
Forfeited 0    
Non-vested shares at at end of period 379 311  
Weighted Average Grant Date Fair Value, Non-vested units beginning of period $ 33.93    
Weighted Average Grant Date Fair Value per Unit, Granted 25.9 $ 26.21 $ 32.4
Weighted Average Grant Date Fair Value Per Unit, Performance adjustment 52.07    
Weighted Average Grant Date Fair Value Per Unit, Vested 52.07    
Weighted Average Grant Date Fair Value Per Unit, Forfeited 0    
Weighted Average Grant Date Fair Value Non-vested units end of period $ 27.86 $ 33.93  
v3.25.4
Share-based Compensation - Summary of Additional PRSU Information (Detail) - Performance Restricted Stock Units [Member] - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Weighted Average Grant Date Fair Value per Unit, Granted $ 25.9 $ 26.21 $ 32.4
Fair value of PRSUs that vested $ 2,237 $ 0 $ 0
v3.25.4
Share-based Compensation - Summary of Additional Performance-contingent RSU Information (Detail) - Performance-contingent Restricted Stock Units [Member] - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Weighted Average Grant Date Fair Value per Unit, Granted $ 0 $ 0 $ 0
Fair value of RSUs that vested $ 0 $ 1,371 $ 1,445
v3.25.4
Share-based Compensation - Summary of Service-based RSU Activity (Detail) - Restricted Stock Units (RSUs) [Member] - $ / shares
shares in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Non-vested shares at beginning of period 35    
Granted 51    
Vested (35)    
Forfeited 0    
Non-vested shares at at end of period 51 35  
Weighted Average Grant Date Fair Value, Non-vested units beginning of period $ 28.2    
Weighted Average Grant Date Fair Value per Unit, Granted 29.74 $ 28.2 $ 0
Weighted Average Grant Date Fair Value Per Unit, Vested 28.95    
Weighted Average Grant Date Fair Value Per Unit, Forfeited 0    
Weighted Average Grant Date Fair Value Non-vested units end of period $ 29.21 $ 28.2  
v3.25.4
Share-based Compensation - Summary of Additional Service-based RSU Information (Detail) - Service-based Restricted Stock Units [Member] - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]      
Weighted Average Grant Date Fair Value per Unit, Granted $ 29.74 $ 28.2 $ 0
Fair value of RSUs that vested $ 1,000,000 $ 500,000 $ 0
v3.25.4
Share-based Compensation - Summary of RSA Activity (Detail) - Restricted Stock [Member] - $ / shares
shares in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Non-vested shares at beginning of period 334    
Granted 271    
Vested (258)    
Forfeited (18)    
Non-vested shares at at end of period 329 334  
Weighted Average Grant Date Fair Value, Non-vested units beginning of period $ 28.8    
Weighted Average Grant Date Fair Value, Granted 29.68 $ 28.52 $ 34.25
Weighted Average Grant Date Fair Value, Vested 29.16    
Weighted Average Grant Date Fair Value, Forfeited 29.09    
Weighted Average Grant Date Fair Value Non-vested units end of period $ 29.22 $ 28.8  
v3.25.4
Share-based Compensation - Summary of Additional RSA Information (Detail) - Restricted Stock [Member] - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Weighted-average grant date fair value per share $ 29.68 $ 28.52 $ 34.25
Fair value of RSAs that vested $ 7,534 $ 7,467 $ 8,787
v3.25.4
Insurance Products and Reinsurance of Certain Risks - Additional Information (Detail) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Non-life Insurance [Member]      
Insurance [Line Items]      
Unpaid claim reserves $ 0 $ 0  
Increase (decrease) in unpaid claim reserves (1,000,000) 800,000 $ (200,000)
Unearned Premium Reserves [Member] | Life Insurance [Member]      
Insurance [Line Items]      
Restricted cash and restricted available-for-sale investments 23,100,000 21,200,000  
Unpaid Claim Reserves [Member] | Life Insurance [Member]      
Insurance [Line Items]      
Restricted cash and restricted available-for-sale investments $ 1,400,000 $ 1,200,000  
v3.25.4
Insurance Products and Reinsurance of Certain Risks - Schedule of Components of Insurance Income, Net (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Insurance [Abstract]      
Earned premiums $ 58,771 $ 57,312 $ 59,830
Claims, reserves, and certain direct expenses (13,198) (16,617) (15,301)
Insurance income, net $ 45,573 $ 40,695 $ 44,529
v3.25.4
Segment Reporting - Additional Information (Details)
 12 Months Ended
Dec. 31, 2025
Segment
Segment Reporting, Asset Reconciling Item [Line Items]  
Number of reportable segment 1
Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description Consolidated net income is the measure used by the CODM in evaluating the segment profit or loss of the Company.
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration] Chief Executive Officer [Member]
v3.25.4
Segment Reporting - Summary of Segment Profit or Loss (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Interest income $ 537,555 $ 491,308 $ 454,856
Fee income 41,394 37,586 34,842
Insurance income, net 45,573 40,695 44,529
Other income 21,076 18,914 17,172
Provision for credit losses 245,432 212,200 220,034
Share-based compensation expense 11,867 11,171 11,755
Depreciation and amortization expense 10,517 9,186 8,218
Interest expense 84,814 74,530 67,463
Income tax expense $ 13,365 $ 12,848 $ 4,825
v3.25.4
Segment Reporting - Summary of Revenues from External Customers Product and Service (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue from External Customer [Line Items]      
Interest and fee income $ 578,949 $ 528,894 $ 489,698
Insurance income, net 45,573 40,695 44,529
Other income 21,076 18,914 17,172
Total revenue 645,598 588,503 551,399
Large Loans [Member]      
Revenue from External Customer [Line Items]      
Interest and fee income 382,938 337,708 323,898
Small Loans [Member]      
Revenue from External Customer [Line Items]      
Interest and fee income $ 196,011 $ 191,186 $ 165,800
v3.25.4
Subsequent Events - Additional Information (Detail) - Forecast - Quarterly Cash Dividend
 1 Months Ended
Feb. 28, 2026
$ / shares
Subsequent Event [Line Items]  
Dividend date of declaration 2026-02
Cash dividend per share $ 0.3
Dividends payable, date to be paid Mar. 12, 2026
Dividend date of record Feb. 19, 2026