Encore Capital Group Announces Third Quarter 2023 Financial Results
Portfolio supply growth and pricing improvement continues in U.S. market
- Portfolio supply growth and pricing improvement continues in U.S. market
SAN DIEGO, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the third quarter ended September 30, 2023. - “The continued growth in U.S. portfolio supply, driven by credit card lending growth and rising charge off rates, has led to improved portfolio pricing and returns.
- We also remain committed to the critical role we play in the consumer credit ecosystem and to helping consumers restore their financial health," said Masih.
- Financial Highlights for the Third Quarter of 2023:
Three Months Ended September 30,