PRA Group reported a strong third quarter with record global cash collections of $519.3 million, a 15% increase year-over-year. Total revenues increased by 7% to $267.9 million, and net income attributable to PRA Group, Inc. rose by 70% to $42.5 million, or $0.92 per diluted share.
Record global cash collections of $519.3 million, up 15% year-over-year.
Total revenues increased 7% to $267.9 million compared to Q3 2019.
Income from operations increased 37% to $88.7 million compared to Q3 2019.
Net income attributable to PRA Group, Inc. increased 70% to $42.5 million compared to Q3 2019.
Company anticipates charge-off rates will rise increasing supply globally.
Visualization of income flow from segment revenue to net income
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