PRA Group Q2 net income $58M, EPS $1.51; European ERC up $349M; new $150M buyback

PRA GROUP INC

Net income $58M ($1.51 diluted EPS); total cash collections $559M (+4% YoY); ERC $8.9B (+7%).
European ERC increased ~$349M after comprehensive review reflecting sustained overperformance; changes in expected recoveries $97M.
Portfolio purchases $297M; new $150M share repurchase program authorized Aug 3, 2026; $10M repurchased in Q2.
Operating expenses $219M (+$16M) driven by legal collection costs; compensation down $5M on cost actions.
Adjusted EBITDA (TTM) $1.4B (+10%); cash efficiency ratio 61%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.