PRA Group posts investor presentation on acquiring and collecting nonperforming loans
PRAA•Liquidity and share repurchases
Liquidity was $998 million; share repurchases were $10 million in Q2, with a new authorization of up to $150 million.
Collections, portfolio purchases and leverage
Estimated remaining collections reached a record $8.9 billion, up 7% year over year; Europe ERC rose $349 million following a portfolio review.
Portfolio purchases totaled $297 million; net leverage fell to 2.67x from 2.81x a year earlier.
Investor presentation highlights Q2 2026 results
PRA Group highlighted Q2 2026 cash collections of $559 million, up 4% year over year; cash efficiency ratio improved to 61% from 62%.
Net income was $58 million, up $16 million year over year; LTM adjusted EBITDA rose 10% to $1.4 billion.
