Encore Capital Group (ECPG) Tops Q1 EPS by $4.37

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Go back to Encore Capital Group (ECPG) Tops Q1 EPS by $4.37

Encore Capital Group Announces First Quarter 2022 Financial Results

May 4, 2022 4:06 PM EDT

GAAP net income of $176 million, 86% higher than Q1 2021 GAAP EPS of $6.40, 115% higher than Q1 2021 Better-than-expected collections of $519 million leads to increased collection expectations

SAN DIEGO, May 04, 2022 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the first quarter ended March 31, 2022.

In the first quarter, we continued to execute our strategy and deliver on our financial objectives, said Ashish Masih, President and Chief Executive Officer. Our exceptional financial performance in... More