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PRA Group Inc

PRA Group, Inc. is a financial services company that purchases, collects, and manages nonperforming loan portfolios across the United States, Europe, the United Kingdom, South America, Canada, and Australia. It buys loans from credit originators that have chosen not to pursue or have been unsuccessful in collecting the full balance owed, including loans in bankruptcy or similar proceedings. The company also provides fee-based services for class action claims recoveries. Its nonperforming loans include general purpose and private label credit cards, consumer loans, auto loans, overdrafts, and small business loans. Formerly known as Portfolio Recovery Associates, Inc., it changed its name to PRA Group, Inc. in October 2014. Founded in 1996, it is headquartered in Norfolk, Virginia.

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PRA Group Q2 Earnings Beat Estimates on Strong Portfolio Income

PRA Group reported second-quarter 2026 earnings per share of $1.51, beating the Zacks Consensus Estimate of 52 cents and rising 39.8% year over year. Total revenues were $372.2 million, surpassing the consensus mark of $313 million and increasing 29.4% from a year ago, driven by stronger cash collections across geographies and strong portfolio income. Cash collections grew 14% to $558.5 million, with U.S. Core collections of $269.7 million and Europe Core collections of $200.4 million, while portfolio income rose 7% to $267.8 million. Operating expenses increased to $218.9 million, largely due to higher legal collection costs, though compensation and benefits declined $5 million from workforce reductions. The company purchased $296.6 million of nonperforming loan portfolios, down 14.4% year over year, and ended the quarter with estimated remaining collections of $8.9 billion and total availability under credit facilities of $998 million.
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Zacks Investment Research·39dRead more →
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Encore Capital Posts Record Collections as Tech Gains Face Cost and Margin Test

Encore Capital Group reported record global collections of $718.4 million in the first quarter of 2026, up 19% year over year, driven by technology improvements and strong U.S. portfolio supply. U.S. collections rose 23% to $556 million, and the company's Midland Credit Management platform recorded $315.8 million in portfolio purchases, one of its strongest U.S. quarters. However, rising legal collection costs, $4.03 billion in borrowings, and projected interest expense of about $300 million in 2026 are pressuring margins, even as the cash efficiency margin improved to 60.9% from 58.3% a year earlier. The European business, Cabot, delivered $161 million in collections, up 7%, but remains in a slower market with subdued lending and strong competition. Encore Capital shares have rallied 58.1% year to date, and the stock carries a Zacks Rank #1 (Strong Buy), though its Growth Score of D and Momentum Score of F suggest investors should monitor execution closely.
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