ENCORE CAPITAL GROUP INC
For the period ended Mar 31, 2024. Filed May 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
ECPG$108.02-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Income
(In Thousands, Except Per Share Amounts)
(Unaudited)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | ||
| Revenue from receivable portfolios | $315,852 | $295,674 |
| Changes in recoveries | (12,409) | (9,501) |
| Total debt purchasing revenue | 303,443 | 286,173 |
| Servicing revenue | 20,379 | 22,585 |
| Other revenues | 4,564 | 3,872 |
| Total revenues | 328,386 | 312,630 |
| Operating expenses | ||
| Salaries and employee benefits | 104,184 | 103,850 |
| Cost of legal collections | 58,721 | 54,101 |
| General and administrative expenses | 36,241 | 37,965 |
| Other operating expenses | 30,367 | 27,556 |
| Collection agency commissions | 7,434 | 8,150 |
| Depreciation and amortization | 7,848 | 10,870 |
| Total operating expenses | 244,795 | 242,492 |
| Income from operations | 83,591 | 70,138 |
| Other expense | ||
| Interest expense | (55,765) | (46,835) |
| Other income, net | 2,666 | 1,732 |
| Total other expense | (53,099) | (45,103) |
| Income before income taxes | 30,492 | 25,035 |
| Provision for income taxes | (7,253) | (6,409) |
| Net income | $23,239 | $18,626 |
| Earnings per share: | ||
| Basic | $0.98 | $0.79 |
| Diluted | $0.95 | $0.75 |
| Weighted average shares outstanding: | ||
| Basic | 23,784 | 23,548 |
| Diluted | 24,468 | 24,942 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.