Jefferson Capital Q4 Collections Climb 41% to $245.3 M; Pre-Tax Income Up 50%
Jefferson Capital’s fourth-quarter collections rose 41% to $245.3 million and deployments increased 6% to $380.5 million, driving pre-tax income up 50% to $44.1 million with net income of $37.7 million. The company declared a $0.24 per share quarterly dividend.
1. Fourth Quarter 2025 Results
Jefferson Capital delivered record quarterly collections of $245.3 million, up 41%, and record deployments of $380.5 million, up 6% year-over-year. Revenue jumped 30% to $154.8 million, while pre-tax income rose 50% to $44.1 million, net income reached $37.7 million and EPS came in at $0.58.
2. Portfolio Acquisition and ERC Growth
The Conn’s and Bluestem portfolio purchases contributed $50.6 million of collections in the quarter, bolstering estimated remaining collections (ERC) to $3.38 billion, a 23% increase. ERC from Bluestem alone totaled $295.6 million as of December 31, 2025, reflecting strong performance of newly acquired assets.
3. Dividend and Capital Structure Changes
The board declared a $0.24 per share quarterly cash dividend and repurchased $58.9 million of stock following a follow-on equity offering that reduced J.C. Flowers’ stake to 53%. Leverage improved to 1.82x after an amended revolving credit facility increased commitments to $1 billion and lowered borrowing costs.