Encore Q4 2021 Earnings Report
Key Takeaways
Encore Capital Group reported consolidated financial results for Q4 and full year ended December 31, 2021. The company achieved new highs for collections, earnings, and returns in 2021.
Collections decreased by 3% compared to the same quarter last year.
Revenues decreased by 7% compared to the same quarter last year.
GAAP net income attributable to Encore increased by 104% compared to the same quarter last year.
GAAP earnings per share increased by 116% compared to the same quarter last year.
Encore
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Forward Guidance
Priorities in 2022 remain consistent with the fundamental objectives that have driven financial performance and created shareholder value over the past several years. Encore is well positioned to capitalize on the opportunities that will emerge as portfolio supply rises.