PRA Group Reports Third Quarter 2026 Financial Results
PRA Group, Inc. (Nasdaq: PRAA) has announced its financial results for the third quarter of 2026, highlighting steady progress under its 'PRA 3.0' strategic initiative. The company reported net income attributable to PRA Group of $15 million, with diluted earnings per share of $0.39. Key operational metrics showed strength, including total cash collections of $536 million and a 5% increase in portfolio income compared to the previous year. The company demonstrated improved cost management, evidenced by an adjusted cash efficiency ratio of 63%, which represents an improvement of over 200 basis points year-over-year. Management noted that these gains reflect operating leverage from ongoing cost reduction actions and technology modernization efforts. To support long-term growth and funding flexibility, the company also issued $400 million in senior notes due 2033 following the close of the quarter.
Tickers: $PRAA
Topics: earnings per share financial results net income nonperforming loans