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Dec 31, 2019
Pra Group Q4 2019 Earnings Report
PRA Group reported an increase in net income and global cash collections.
Key Takeaways
PRA Group reported a net income attributable to PRA Group, Inc. of $27.3 million, an increase from $14.9 million in Q4 2018. Global cash collections increased by 13% to $456.6 million. The company's income from operations increased by 120% compared to the fourth quarter of 2018.
Global cash collections reached $456.6 million, a 13% increase compared to Q4 2018.
Record Estimated Remaining Collections (ERC) increased by 10% to $6.8 billion compared to Q4 2018.
Total portfolio purchases for the quarter amounted to $402.3 million.
Income recognized on finance receivables increased by 14% to $262.8 million compared to Q4 2018.
Forward Guidance
PRA Group did not provide quantitative forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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