Regional Management (RM) Declines 2.5% Despite Q2 Earnings Beat
RMRegional Management(RM) ZACKS·2024-08-15 00:51

Shares of Regional Management Corp. (RM) have declined 2.5% since it reported second-quarter 2024 results on Jul 31, after the closing bell. The strong second-quarter earnings were supported by an increase in interest and fee income and improved efficiency in its branches. However, the positives were partly offset by higher expenses and lower insurance income.It reported second-quarter 2024 adjusted earnings per share (EPS) of 86 cents, which beat the Zacks Consensus Estimate by 45.8%. The bottom line incre ...