secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001185348-22-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PRA Group Q3 net income $24.7M ($0.63 EPS); cash collections down 15.6% YoY
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- Diluted EPS $0.63 vs $0.76 in Q3 2021; net income $24.7M, down 28%.
- Total cash collections $412.3M, down 15.6% (or 10.7% constant currency) from $488.4M a year ago.
- Portfolio purchases $183.1M, down from $391.9M Q3 2021; forward flow commitments $1.0B.
- U.S. call center collections fell 29.3% due to lower purchases; Europe cash collections up 4.2% constant currency.
- Repurchased $25M of common stock (0.7M shares); $67.7M remaining under buyback plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000118534822000029/0001185348-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000118534822000029/praa-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001185348-22-000029

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