Encore Capital Group ( (ECPG) ) has released its Q1 earnings. Here is a breakdown of the information Encore Capital Group presented to its investors.
Encore Capital Group, Inc. is an international specialty finance company that provides debt recovery solutions and related services, primarily operating in the consumer finance sector with a unique commitment to a Consumer Bill of Rights. The company reported strong financial results for the first quarter of 2025, showcasing significant growth in portfolio purchases and collections. Encore Capital Group’s global portfolio purchases increased by 24% to $368 million, with U.S. purchases reaching a record $316 million. Global collections rose by 18% to $605 million, contributing to a 103% increase in earnings per share to $1.93. The company’s U.S. business, MCM, achieved record portfolio purchases and collections, while its European business, Cabot, maintained steady performance with a 7% increase in collections. Looking forward, Encore Capital Group remains optimistic about its growth prospects for 2025, expecting to exceed last year’s portfolio purchases and achieve an 11% increase in collections, reflecting its continued commitment to the consumer credit ecosystem.