PRA Group (PRAA) Tops Q1 EPS by 52c, Revenues Beat

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PRA Group Reports First Quarter 2021 Results

May 6, 2021 4:05 PM EDT

NORFOLK, Va., May 6, 2021 /PRNewswire/ -- PRA Group (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the first quarter of 2021.  The Company reported net income attributable to PRA Group Inc. of $58.4 million in the first quarter, compared with $19.1 million in the prior year period. Diluted earnings per share were $1.27 versus $0.42 in the first quarter of 2020.

First Quarter Highlights (compared to the first quarter of 2020, unless otherwise indicated)

Record total cash collections which increased 12% to $555.9 million. Record total revenues which... More