Regional Management Shares Plunge 9.3% Despite Q3 Earnings Beat

Shares of Regional Management Corp. (RM) have lost 9.3% since it reported third-quarter 2024 results on Nov. 6, after the closing bell. Despite an earnings beat, investors might be concerned about the impact of Hurricane Helene and rising provision for credit losses on the company’s earnings. Higher interest and fee income and net financial receivables partially offset the negatives.It reported third-quarter 2024 adjusted earnings per share (EPS) of $1.18, which beat the Zacks Consensus Estimate by 12.4%. T ...