PRA Group Reports Second Quarter 2024 Results Executing Successful Turnaround in U.S. Business NORFOLK, Va., August 5, 2024 - PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the second quarter of 2024 ("Q2 2024"). Q2 2024 Highlights • Net income attributable to PRA Group, Inc. of $21.5 million, or diluted earnings per share of $0.54. • Total portfolio purchases of $379.4 million. • Total cash collection ...

About PRA Group "One of the things I am most proud of is how well we integrated the two companies, not only by sharing knowledge, but also by leveraging the incredible talent PRA Group gained in 2014," said Chair of the Board Steve Fredrickson, one of PRA Group's co-founders. "That talent continues to be an asset to our teams, not to mention our global leadership." Members of the PRA Group Board of Directors and senior leaders gathered in London to commence the company's milestone celebration of global expa ...

NORFOLK, Va., July 15, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its second quarter 2024 results after market close on Monday, August 5, 2024, followed by a webcast and conference call at 5 p.m. E.T. To listen to PRA Group's webcast and view the corresponding slides, visit https://ir.pragroup.com/events-andpresentations. To listen by phone on August 5, call 646-357-8785 in the U.S. or 1-800-836-8184 outside the U.S. and ...

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 ...

NORFOLK, Va., June 27, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, yesterday celebrated the launch of its Pride Alliance Employee Resource Group (ERG). Pride Alliance is designed to serve LGBTQ+ employees, allies and advocates, and will provide a space that celebrates and embraces the LGBTQ+ community. "I'm excited to help PRA Group foster an inclusive and supportive workplace where all of our colleagues feel simultaneously comfortabl ...

NORFOLK, Va., May 22, 2024 /PRNewswire/ -- This month, PRA Group (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, celebrated the launch of its ¡Hola! Employee Resource Group (ERG). ¡Hola! is designed to serve Hispanic and Latino employees and advocates and will provide a space where PRA Group colleagues can engage in a community that celebrates and embraces Hispanic culture around the globe. ¡Hola! ERG Executive Co-Sponsors Giovanna Genard and Victor Andrade¡Hola! ERG Executi ...

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 ...