Encore Capital Group’s (ECPG) shares gained 11.2% since it reported first-quarter 2024 results on May 8, 2024. The strong first-quarter earnings benefited from improving portfolio supply in the United States and rising collections. Continued growth in lending, coupled with higher delinquencies and charge-offs, supported the company’s record supply of non-performing loans in the quarter. However, slow growth in the U.K. and European markets partially offset the results. ECPG reported first-quarter 2024 adjus ...