Quarterly ResultAug 7, 2026, 04:21 PM
PRA Group Q2 Net Income +36.7% to $57.9M; EPS $1.52; Credit Facility Extended
AI Summary
PRA Group reported strong financial results for the second quarter of 2026, with net income attributable to the company increasing by 36.7% to $57.9 million and basic earnings per share rising to $1.52. Total revenues grew by 29.4% to $372.2 million, driven by significant positive adjustments in expected recoveries. The company also amended and extended its European revolving credit facility, pushing its maturity to April 2031 and reducing the maximum ERC ratio.
Key Highlights
- Net income attributable to PRA Group, Inc. increased 36.7% to $57.9 million in Q2 2026.
- Basic EPS rose 40.7% to $1.52 for Q2 2026 compared to $1.08 in Q2 2025.
- Total revenues for Q2 2026 increased 29.4% to $372.2 million.
- Changes in expected recoveries were a positive $96.9 million in Q2 2026.
- European revolving credit facility maturity extended from November 2027 to April 2031.
- Company repurchased $20.0 million of common stock year-to-date June 30, 2026.
- Total assets increased to $5.24 billion as of June 30, 2026.
Price Impact
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