Welcome to our dedicated page for Pra Group news (Ticker: PRAA), a resource for investors and traders seeking the latest updates and insights on Pra Group stock.
PRA Group, Inc. (NASDAQ: PRAA) is a collection agency company that focuses on acquiring and collecting nonperforming loans. The company describes itself as a global leader in this area, returning capital to banks and other creditors and helping expand financial services for consumers in the Americas, Europe and Australia. This news page aggregates company announcements, earnings updates and other disclosures that PRA Group releases to the market.
Investors following PRAA news will see regular quarterly results updates, where the company reports portfolio income, total portfolio revenue, cash collections by region and segment, and metrics such as estimated remaining collections (ERC), cash efficiency ratio and adjusted EBITDA. These earnings releases also discuss portfolio purchases in the Americas, Europe and Australia and provide context on how recent investments in nonperforming loan portfolios are performing.
News for PRA Group also includes capital markets activities, such as the 2025 announcements and related SEC filings about the proposed, priced and completed offering of €300 million of 6.250% senior notes due 2032 by its European subsidiary. These items describe the structure of the notes, related guarantees and the intended use of proceeds to repay borrowings under the company’s revolving credit facilities.
In addition, PRA Group issues news about corporate governance and leadership, including the appointment of a new president and chief executive officer, promotions within its European business and participation in investor conferences and webinars. Together, these updates help investors and analysts track PRA Group’s operational performance, financing decisions and leadership developments over time.
Bookmark this page to access a consolidated view of PRAA press releases and related updates as they are issued and referenced in the company’s SEC filings.
PRA Group, Inc. (PRAA) President and CEO Kevin Stevenson delivered a keynote at the Virginia Chamber's 2022 Education and Workforce Conference, attended by over 400 leaders. Stevenson emphasized the need for private sector investment in education to strengthen Virginia's workforce. He proposed three key initiatives: enhancing pathways to in-demand careers, creating equitable philanthropic partnerships, and collaborating with higher education institutions. PRA Group, headquartered in Norfolk, has been committed to Virginia's economic growth for over 25 years, supporting local organizations and promoting work-based learning opportunities.
PRA Group, Inc. (Nasdaq: PRAA) announced the release of a new investor presentation, detailing its business, financials, and role in the nonperforming loans (NPL) industry. Highlights include insights into the NPL market, financial performance, and strategies for increasing portfolio supply. The company emphasizes shareholder value growth and communication with investors. Access the full presentation on their investor relations website for more information.
PRA Group's CEO, Kevin Stevenson, has been recognized for the third consecutive year in the Virginia 500 Power List for 2022-23, highlighting influential leaders in various sectors. The recognition emphasizes Stevenson's role in the nonperforming loan industry and the company's commitment to improving consumer financial futures. PRA Group aims to contribute positively to communities and the economy through its efforts in debt resolution and employee development. The announcement reflects PRA Group's prominence in the financial sector.
Summary not available.
PRA Group, Inc. (Nasdaq: PRAA) reported Q2 2022 financial results, highlighting total portfolio purchases of $231.3 million and cash collections of $444.1 million. Net income was $36.5 million, with diluted earnings per share at $0.91, a decrease from $1.22 in Q2 2021. The company noted a strong balance sheet, with $1.6 billion available under credit facilities. However, cash collections fell 18.3% from the previous year, primarily due to lower U.S. collections. Despite these challenges, PRAA remains committed to disciplined capital allocation and share repurchases.
PRA Group (Nasdaq: PRAA) has appointed LaTisha Tarrant as its new Chief Human Resources Officer, effective Aug. 15, 2022. Tarrant brings over 20 years of public company experience and has held various leadership roles at PRA Group since 2016. Her focus will be on talent recruitment, employee engagement, and diversity initiatives. Tarrant previously served as senior vice president and deputy general counsel, managing corporate legal matters and ESG initiatives. This leadership change aims to enhance the company's human resources operations.
PRA Group, Inc. (NASDAQ: PRAA) has appointed Giovanna Genard as the new Vice President of External Affairs and Marketing Leader. Genard's role will focus on developing PRA Group's global communication, public relations, and brand strategy, enhancing the company's international reputation. With extensive experience in public and media relations, she has previously served at Old Dominion University as Assistant Vice President for Public Relations. Genard aims to further advance PRA Group's growth since its inception in 1996, reinforcing its commitment to improving customers' financial futures.
PRA Group, Inc. (Nasdaq: PRAA) has appointed Najim Mostamand, CFA, as the new vice president of investor relations. Mostamand, who brings nearly a decade of experience from managing investor relations at over 20 small-cap companies, aims to enhance PRA Group's investor engagement strategies. Senior executives expressed optimism about his ability to further develop the company's investor relations roadmap and deepen relationships with stakeholders. Mostamand's appointment is seen as a strategic move to fortify the company’s long-term shareholder value.
PRA Group, Inc. (Nasdaq: PRAA), a leader in acquiring and collecting nonperforming loans, will report its second quarter 2022 results after market close on August 8, 2022. A webcast and conference call is scheduled for 5 p.m. E.T. on the same day. Investors can access the call via phone or online at the company's investor relations site. Additionally, PRA Group plans to report third quarter 2022 results on November 3, 2022.
PRA Group, Inc. (PRAA), a leader in acquiring nonperforming loans, announced a partnership with Truist to launch a financial wellness program for U.S. employees, aiming to enhance financial literacy and confidence. The program, which will be fully funded by PRA Group for employees and their families, offers online modules and coaching covering topics such as home budgeting, retirement investing, and credit building. The initiative responds to a decline in financial literacy in the U.S., as reported by the 2018 National Financial Capability Study, which noted that 72% of Americans experience financial stress.