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Dec 31, 2022
Pra Group Q4 2022 Earnings Report
Reported a decrease in total cash collections and portfolio revenue, but operating expenses also decreased.
Key Takeaways
PRA Group's Q4 2022 saw a decrease in total cash collections and portfolio revenue compared to Q4 2021. However, the company's portfolio purchases increased, and operating expenses decreased.
Total portfolio purchases reached $288.1 million.
Total cash collections amounted to $391.7 million.
Diluted earnings per share were reported at $0.41.
The company's estimated remaining collections (ERC) stood at $5.7 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company anticipates increased portfolio supply due to rising U.S. card balances, delinquency rates, and charge-off rates, and expects to continue purchasing at healthy levels in Europe.
Positive Outlook
- Increasing U.S. card balances
- Rising delinquency rates
- Increasing charge-off rates
- Growing bank loan loss reserves
- Continued healthy purchase levels in Europe
Historical Earnings Impact
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Avg. Return Before/After Earnings
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