Encore Capital Group (ECPG) Tops Q2 EPS by 26c

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Go back to Encore Capital Group (ECPG) Tops Q2 EPS by 26c

Encore Capital Group Announces Second Quarter 2022 Financial Results

August 3, 2022 4:05 PM EDT

GAAP net income of $60 million GAAP EPS of $2.29 Global collections of $498 millionPortfolio purchases of $173 million at attractive returns

SAN DIEGO, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the second quarter ended June 30, 2022.

Encore delivered another quarter of strong operating performance in Q2, said Ashish Masih, President and Chief Executive Officer. Our financial results in the period were again driven primarily by collections within our MCM... More