$ECPG (Encore Capital Group, Inc.)

$ECPG {{ '2016-03-31T20:38:01+0000' | timeago}} • Announcement

Specialty finance company $ECPG said it has completed the previously announced sale of its wholly owned subsidiary Propel Financial Services to Austin, Texas-based registered investment adviser, Prophet Capital Asset Management. The deal generated more than $150MM in after-tax proceeds for Encore.

$PBCT {{ '2018-01-19T18:50:01+0000' | timeago}} • Webcast

During 4Q17, $PBCT reported an increase for the second consecutive quarter in both return on average assets and return of average tangible common equity that were 96Bps and 13.8% respectively.

$PBCT {{ '2018-01-19T18:45:06+0000' | timeago}} • Webcast

$PBCT's period end loans during 4Q17  increased 2%, driven by strong results from equipment financing units and solid production in middle market commercial and industrial lending. Period end deposits came in at 33.1Bil, up 6%. This increase was mainly due to higher non-interest bearing balances of 347MM.

$PBCT {{ '2018-01-19T18:39:43+0000' | timeago}} • Webcast

For FY18, $PBCT expects to grow loan portfolio to about 4-6% on both a period end and average balance basis. Deposits growth is expected to be about 3-5% on both a period end and average balance basis and net interest income is expected to increase to the range of 10-12%. The bank expects its net interest margin to be in the range of 3.05-3.15%.

$PBCT {{ '2018-01-18T21:58:01+0000' | timeago}} • Announcement

During 4Q17, $PBCT's BoD declared a $0.1725 per common share quarterly dividend payable February 15, 2018 to shareholders of record on February 1, 2018.

$PBCT {{ '2018-01-18T21:56:41+0000' | timeago}} • Announcement

$PBCT reported a rise in its 4Q17 earnings, helped by increased net income and a tax benefit related with the tax reform. Net income rose 40% to $106.2MM, or $0.30 per share from $75.9MM, or $0.24 per share during 4Q16. Net interest income grew to $292.3MM during the quarter from $246.8MM in the previous year.

$PBCT {{ '2018-01-18T21:47:48+0000' | timeago}} • Infographic

$PBCT People's United Financial, Inc. Earnings AlphaGraphic: Q4 2017 Highlights

$PBCT {{ '2017-11-17T12:35:18+0000' | timeago}} • Infographic

$PBCT People's United Financial, Inc. Earnings AlphaGraphic: Q3 2017 Highlights

$ECPG {{ '2017-08-24T12:54:56+0000' | timeago}} • Announcement

$ECPG's subsidiary U.K.-based Cabot Credit Management agreed to buy Wescot Credit Services Ltd., a U.K. contingency debt collection and business process outsourcing (BPO) services company. $ECPG acquired a controlling stake in Cabot in July 2013, and preparation for a potential Cabot IPO, announced in February, remains on track.

$PRAA {{ '2017-05-22T11:51:42+0000' | timeago}} • Announcement

$PRAA announced its intention to offer $300MM aggregate principal amount of convertible senior notes due 2023. PRA Group intends to use a portion of the net proceeds from the offering to repurchase between approximately $30 to $45MM of shares of its common stock concurrently with the pricing of the offering in privately negotiated transactions.

$ECPG {{ '2017-05-16T12:14:28+0000' | timeago}} • Announcement

$ECPG said its subsidiary Midland Funding prevailed in the case Midland Funding, LLC v. Johnson. The high court reversed the U.S. Court of Appeals for the Eleventh Circuit, holding that the filing of an accurate proof of claim on an unextinguished time-barred debt does not violate the Fair Debt Collection Practices Act (FDCPA).

$PRAA {{ '2017-05-15T15:15:40+0000' | timeago}} • Announcement

$PRAA reached a settlement with the Internal Revenue Service in regards to the Notices of Deficiency for tax years ended Dec. 31, 2005 to Dec. 31, 2012. $PRAA will utilize a new tax methodology to recognize net finance receivable (NFR) revenue effective tax year 2017.

$PRAA {{ '2017-05-08T20:54:56+0000' | timeago}} • Announcement

$PRAA amended and restated its North American credit facility on May 5, 2017. The expanded facility has a 5-year term and total facility size of $1.2Bil consisting of a $450MM term loan facility and a $755MM revolving loan facility.

$ECPG {{ '2017-05-04T20:53:30+0000' | timeago}} • Announcement

$ECPG said CEO Ken Vecchione will be leaving the company and will not stand for re-election to the Board at upcoming 2017 annual meeting. Ashish Masih will be appointed as a director following the meeting. Also, Paul Grinberg will be appointed as President, International, and will become the Chairman of Cabot Credit Management, its U.K. subsidiary.

$ECPG {{ '2017-05-04T20:51:49+0000' | timeago}} • Announcement

$ECPG said  President and CEO Ken Vecchione will be leaving the company to become the President of $WAL. Ashish Masih will become its President and CEO, which follows his recent appointment as President of its subsidiary Midland Credit Management. Vecchione will remain in his role until 2017 annual meeting to ensure smooth transition of his duties

$PBCT {{ '2017-04-20T12:54:44+0000' | timeago}} • Webcast

On the mortgage warehouse business, $PBCT commented that the split of purchase and refinancing was close to 50-50. The company added that what it's seeing generally in its banks and in the business is that there is more talk about purchase activity and the refinancing applications have dropped considerably.

$PBCT {{ '2017-04-20T12:48:26+0000' | timeago}} • Webcast

$PBCT stated that on the fee guide, the company is still comfortable with the guidance provided. From both a loan origination and a fee income perspective, 1Q17 was slow. So the company expects to see a ramp in most of the line items as the year progresses.

$PBCT {{ '2017-04-20T12:45:05+0000' | timeago}} • Webcast

$PBCT said the overall yield at the securities portfolio was about 3 BP. Additionally, the company added that the utilization on the mortgage warehouse lines have dropped to the mid 40% range, which is a low point. $PBCT expects it to be somewhere in the range that it is now.

$PBCT {{ '2017-04-20T12:12:23+0000' | timeago}} • Announcement

$PBCT's BoD voted to increase the common stock dividend to an annual rate of $0.69 per share.  Based on the closing stock price on April 19, 2017, the dividend yield on its common stock is 3.9%. The quarterly dividend of $0.1725 per share is payable on May 15, 2017 to shareholders of record on May 1, 2017.

$PBCT {{ '2017-04-20T12:11:05+0000' | timeago}} • Announcement

$PBCT reported a rise in 1Q17 earnings driven by higher net interest income and a rise in non-interest income. Net income rose to $70.8MM or $0.22 per share from $62.9MM or $0.21 per share last year. Net interest income grew to $248.6MM from $240.1MM and non-interest income increased to $84.7MM from $82.3MM.

$PRAA {{ '2017-03-01T17:16:41+0000' | timeago}} • Announcement

Debt buyer $PRAA names CAO Kevin Stevenson as new CEO. Following the annual meeting of stockholders scheduled on June 1, 2017, Mr. Stevenson will succeed Steve Fredrickson, who will transition to the role of executive chairman of the PRA Group BoD.

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