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Stock impact report

Encore Capital Group Announces Fourth Quarter and Full-Year 2023 Financial Results

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: GlobeNewswire
U.S. market for portfolio supply continues strong growthGlobal portfolio purchases in 2023 up 34% to $1,074 million with a record $815 million in the U.S.Encore expects portfolio purchases and collections to grow in 2024 SAN DIEGO, Feb. 21, 2024 (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, 2023. “For the debt buying industry as a whole, 2023 was a year characterized by continued rapid growth of portfolio supply in the U.S. contrasted by slower growth in the U.K. and Europe. In addition, all debt buyers now face higher funding costs,” said Ashish Masih, Encore’s President and Chief Executive Officer. “Our disciplined approach to purchasing portfolios and the flexibility of our global balance sheet have allowed us to redirect our capital deployment to higher return opportunities in the U.S., consistent with our well-estab Show less Read more
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