Trade Encore Capital Group Inc - ECPG CFD

Encore Capital Company profile

About Encore Capital Group, Inc.

Encore Capital Group, Inc., through its subsidiaries, is a specialty finance company providing debt recovery solutions and other related services for consumers across a broad range of financial assets. The Company operates through portfolio purchasing and recovery segment. The Company primarily purchase portfolios of defaulted consumer receivables at discounts to face value and manage them by working with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers’ unpaid financial obligations to credit originators, including banks, credit unions, consumer finance companies and commercial retailers. Defaulted receivables also include receivables subject to bankruptcy proceedings. It also provides debt servicing and other portfolio management services to credit originators for non-performing loans. The Company through its subsidiaries provides credit management services in Europe, United Kingdom and Ireland.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Encore Capital Group, Inc. revenues decreased 5% to $1.42B. Net income increased 66% to $350.8M. Revenues reflect Other Geographies segment decrease of 32% to $12.4M, Europe (Region) segment decrease of 1% to $486.5M. Net income reflects Changes in expected current and future r increase from $7.2M to $199.1M (income), Interest Expense - Balancing value decrease of 19% to $169.2M (expense).

Equity composition

Common Stock $.01 Par, 10/11 50M auth., 24,500,522 issd. insiders & strategic holders own 1.67%. IPO: 7/99, 2,250,000 shares @ $10 byCIBC World Markets Corp. *Note: FY'03 jump shs. due to the conversion of 1K preferred stock.