Core Viewpoint - PRA Group, Inc. is set to report its second quarter 2024 financial results on August 5, 2024, after market close, followed by a conference call and webcast [1] Financial Reporting - The second quarter 2024 results will be announced after market close on August 5, 2024 [1] - The third quarter 2024 results are planned to be reported after market close on November 4, 2024 [3] Company Overview - PRA Group, Inc. is a global leader in acquiring and collecting nonperforming loans, aiming to return capital to banks and creditors to enhance financial services for consumers across the Americas, Europe, and Australia [4] - The company employs thousands of individuals worldwide and collaborates with customers to assist in debt resolution [4]

It's been a while since I've updated my thoughts on PRA Group (NASDAQ:PRAA), and a lot has been going on at this underperforming debt collector in the meantime. When I last wrote about PRA, I thought the company was in for a rough 2023 ahead of better results in 2024 and 2025. As it turned out, "rough" didn't really cover it, and the company's 2023 results (and share price) were hammered by operational inefficiencies and poor collections performance. The shares are down about 40% since that last article, re ...

Core Points - PRA Group, Inc. launched its Pride Alliance Employee Resource Group (ERG) to support LGBTQ+ employees and promote inclusivity within the workplace [1][5] - The Pride Alliance is the fifth ERG in the U.S. and the third to be launched globally, with executive co-sponsors Kim Carr and Leigh Bates leading the initiative [5][7] - The virtual launch event included over 70 employees and focused on fostering community and inclusivity through volunteer opportunities and educational resources [6] Company Overview - PRA Group, Inc. is a global leader in acquiring and collecting nonperforming loans, helping to return capital to banks and creditors while expanding financial services for consumers in the Americas, Europe, and Australia [4] - The company has a diverse workforce and also supports other ERGs such as Women in Business Advocates, Well-Being, Black Excellence, and ¡Hola!, which aim to provide mentorship and community engagement [8]

Core Points - PRA Group has launched the ¡Hola! Employee Resource Group (ERG) to support Hispanic and Latino employees, promoting a community that celebrates Hispanic culture globally [1][2] - The ¡Hola! ERG is the fourth ERG in PRA Group's U.S. business and the second to be launched globally, co-sponsored by Giovanna Genard and Victor Andrade [2][5] - The launch event included over 60 employees and featured discussions on Hispanic history and culture to foster a sense of community [4] Company Overview - PRA Group is a global leader in acquiring and collecting nonperforming loans, helping to return capital to banks and creditors, thereby expanding financial services for consumers in the Americas, Europe, and Australia [7] - The company has multiple ERGs, including Women in Business Advocates, Well-Being, and Black Excellence, which have successfully developed mentorship networks and coordinated philanthropic initiatives [6]

Seasoned Acquisitions Leader Takes on Expanded Role within PRA Group NORFOLK, Va., May 21, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced the appointment of Dr. Marcel Köchling as European Investments Officer, effective immediately. Köchling, who holds a doctorate in business administration, is based in Germany and has been with PRA Group for over 12 years. He will continue as managing director of PRA Group Deutschland Gm ...

NORFOLK, Va., May 15, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today the pricing on May 15, 2024 of its offering of $400.0 million aggregate principal amount of 8.875% Senior Notes due 2030 (the "notes"), in a private transaction that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The offering of the notes is expected to close on or about May ...

NORFOLK, Va., May 15, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today that it plans, subject to market and other conditions, to offer $400.0 million aggregate principal amount of senior notes due 2030 (the "notes") in a private transaction that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The notes will be guaranteed on a senior unsecured bas ...

The former Virgin Money CEO is one of Britain's most prominent businesswomen Investor Contact: Najim Mostamand, CFA Vice President, Investor Relations (757) 431-7913 [email protected] In recognition of Gadhia's extraordinary achievements and service, the U.K. government awarded her the titles of Commander of the Most Excellent Order of the British Empire (CBE) in the 2014 New Year's Honours list; Dame in the 2019 Honours list; and Commander of the Royal Victorian Order (CVO) in the 2022 Queen's Birthday Pla ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 PRA Group, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 75-3078675 (I.R.S. Employer Identification No.) 120 Corporate Boulevard Norfolk, Virginia 23502 (Address of principal executive offices) FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 ☐ Transition R ...

PRA Group Q1 2024 Conference Call Presentation Forward-Looking Statements You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this presentation and are qualified in their entirety by these cautionary statements. 1 Nasdaq: PRAA Drive the Turnaround Stabilize Performance 2023 2024 Roadmap to Enhanced Profitability Value Creation from Higher Cash Collections While Reducing Marginal Costs Increase ERC and portfolio returns Deepening seller relationship ...