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.

At its 2026 Annual Meeting of Stockholders held on June 16, 2026, PRA Group, Inc. stockholders approved an amendment to the 2022 Omnibus Incentive Plan to increase the share limit by 3,500,000 shares of common stock. Additionally, shareholders elected nine directors to serve until the 2027 Annual Meeting, ratified the appointment of Ernst & Young LLP as the independent auditor, and approved the advisory Say-on-Pay compensation proposal. PRA Group, Inc. is an insurance company.