An upbeat earnings report did not appear to reassure investors about Resource Bancshares Mortgage Group's plan to buy a subprime lender.

Shares of the Columbia, S.C., conventional mortgage lender slipped 12.5 cents Monday despite the disclosure late Friday that its acquisition target, Walsh Holding Co., earned $18.4 million for the quarter.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.