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Stock impact report

Encore Capital Group Announces Fourth Quarter and Full-Year 2024 Financial Results [Yahoo! Finance]

Encore Capital Group Inc (ECPG) 
Last encore capital group inc earnings: 2/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.encorecapital.com
Company Research Source: Yahoo! Finance
Global collections in 2024 up 16% to $2.16 billion Actions taken to resolve Cabot issues resulted in a loss for the quarter and the year SAN DIEGO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the fourth quarter and full year ended December 31, 2024. “2024 was a year of significant growth for Encore,” said Ashish Masih, Encore's President and Chief Executive Officer. “Our global portfolio purchases increased by 26% to an all-time high for us and global collections increased by 16% compared to 2023. Higher portfolio purchasing in recent years is a key driver of our growth in collections and ultimately cash generation growth of 20% for the year.” “In the U.S. in 2024, continued growth in bank lending, coupled with rising delinquencies and charge-offs, led to record supply for non-performing loan portfolios and a continuation of the favorable purchasing e Show less Read more
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