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

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

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