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Jun 30, 2021
Pra Group Q2 2021 Earnings Report
Reported net income of $56.0 million, total revenues of $285.6 million, and total cash collections of $543.8 million.
Key Takeaways
PRA Group reported a strong second quarter with increased total cash collections and revenues. The company's performance in Europe was particularly strong, and portfolio purchases increased on a sequential basis. The Board of Directors approved a $150 million share repurchase program.
Total cash collections increased 7% to $543.8 million.
Total revenues increased 5% to $285.6 million.
Diluted earnings per share were $1.22.
Total portfolio purchases of $219.7 million, an increase of $61 million, or 38%, from the first quarter of 2021.
Revenue by Segment
Forward Guidance
PRA Group did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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