PRA Group, Inc. reported second quarter 2026 results featuring net income of $58 million and diluted earnings per share of $1.51. Total cash collections rose 4% to $559 million, while estimated remaining collections increased 7% to $8.9 billion following a comprehensive European portfolio review that added approximately $349 million to European ERC. Adjusted EBITDA grew 10% to $1.4 billion and the company purchased $297 million in nonperforming loan portfolios. Concurrently, the Board of Directors authorized a new share repurchase program allowing for up to $150 million in buybacks. PRA Group operates in the debt collection industry, specializing in acquiring and collecting nonperforming loans.
