Every material Form 8-K Encore Capital Group has filed with the SEC since February 26, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Encore Capital Group reported third-quarter 2026 results, with diluted earnings per share of $5.57, up 76% from $3.17 a year earlier, and net income of $124.0 million, up 66%. The company raised its full-year 2026 guidance, now expecting EPS of $15.50 to $16.00, which shows stronger expected profit for shareholders.
Q3 2026 revenues were $544.5 million, up 18% from $460.4 million a year earlier.
Full-year 2026 guidance: EPS of $15.50 to $16.00, global portfolio purchases of $1.50 billion to $1.55 billion, and global collections of $2.90 billion to $2.95 billion.
Q3 2026 global collections were $753.8 million, up 14%; U.S. unit MCM collected $589 million, up 17%.
The company repurchased about $27 million of its shares in Q3 and about $73 million in the first nine months of 2026.
Encore Capital Group increased its board from eight to nine directors and appointed Robert Beck as an independent director effective August 19, 2026. Beck, former President and CEO of Regional Management Corporation, will serve on the Audit and Risk Committees, and the filing states there are no related party transactions requiring disclosure.
Board size increased from 8 to 9 directors, effective August 19, 2026.
Robert Beck was previously President and CEO of Regional Management Corporation, an NYSE-listed consumer finance company.
The Board determined Beck is independent under Nasdaq listing standards and appointed him to the Audit and Risk Committees.
Beck will receive the standard non-employee director compensation program previously approved by the Board.
Encore Capital reported second-quarter 2026 net income of $64 million, or $2.81 per diluted share, up from $2.49 a year earlier, after $1.00 per share of refinancing costs tied to a $1 billion debt refinancing in May. The company revised its full-year 2026 collections guidance to $2.80 billion to $2.85 billion and now expects 2026 EPS of $13.00 to $14.00.
Q2 2026 net income $64 million ($2.81 diluted EPS) vs. $59 million ($2.49) in Q2 2025; results include $30.5 million of refinancing costs
Global collections rose 13% to $737 million; U.S. portfolio purchases of $372 million were the company's strongest purchasing quarter
Full-year 2026 collections now expected at $2.80 billion to $2.85 billion; EPS expected at $13.00 to $14.00
About $27 million of common stock repurchased in the second quarter
At its June 12, 2026 annual meeting, Encore Capital stockholders approved an amended and restated 2017 Incentive Award Plan that adds 650,000 shares to the reserve, and approved an amendment to exculpate officers from liability. All eight director nominees were elected, and stockholders voted for annual non-binding say-on-pay votes. The filing reports routine annual meeting results with no financial figures.
Amended and restated 2017 Incentive Award Plan approved: 650,000 more shares reserved, one-for-one share counting, and no fixed expiration date.
All eight directors elected, including Michael P. Monaco and Ashish Masih; William C. Goings had the most withheld votes at 1,705,209.
Officer exculpation charter amendment approved, with 16,593,440 votes for and 1,758,739 against; effective upon Delaware filing on June 12, 2026.
Stockholders voted for annual say-on-pay votes; BDO USA, P.C. ratified as independent auditor for fiscal 2026.
Encore Capital Group issued €325.0 million of senior secured floating rate notes due July 15, 2033, under an indenture dated May 28, 2026. The notes are secured by substantially all of the company's and guarantors' assets and bear interest at three-month EURIBOR (0% floor) plus 3.250% per annum. The filing describes new debt financing and does not report any use of proceeds or effect on earnings.
Principal: €325.0 million aggregate principal amount, issued May 28, 2026
Interest: three-month EURIBOR (0% floor) plus 3.250% per annum, reset quarterly
First interest payment July 15, 2026; maturity July 15, 2033
Trustee GLAS Trust Company LLC; security agent Truist Bank; secured by substantially all company and guarantor assets
Encore Capital Group issued $750.0 million of 6.625% senior secured notes due June 1, 2032, under an indenture dated May 22, 2026. The notes are guaranteed by substantially all material subsidiaries and secured by substantially all of the company's and guarantors' assets, adding to the company's secured debt.
Principal amount: $750.0 million, issued May 22, 2026
Interest rate 6.625% per year, paid semi-annually on June 1 and December 1, starting December 1, 2026
Maturity June 1, 2032, unless repurchased or redeemed earlier
Indenture names GLAS Trust Company LLC as trustee and Truist Bank as security agent; full indenture filed as Exhibit 4.1
Encore Capital reported first quarter 2026 net income of $86.2 million, up 84% from a year earlier, on revenue of $475.4 million, up 21%. The company raised its full-year 2026 collections guidance to approximately $2.8 billion and its earnings per share guidance to $13.00, an increase of 19%, while keeping its portfolio purchase outlook unchanged at $1.4 billion to $1.5 billion.
Q1 2026 diluted EPS was $3.86, up from $1.93 in Q1 2025; net income was $86.2 million.
Q1 collections were a record $718.4 million, up 19%; U.S. MCM collections were $556 million, up 23%.
Full-year 2026 guidance: collections of approximately $2.8 billion (up 8%) and EPS of $13.00 (up 19%).
The company repurchased $20 million of its common stock in the first quarter.
Encore Capital Group's board adopted amended and restated bylaws on March 18, 2026, tightening disclosure and procedural requirements for stockholder director nominations and business proposals. Director Wendy Hannam also said she will not stand for re-election at the 2026 Annual Meeting, though she remains on the board until then and the filing says her decision was not due to a disagreement with the company.
Board approved and adopted amended and restated bylaws on March 18, 2026, effective the same day
Bylaw changes expand disclosure for stockholder nominations, including beneficial ownership and derivative holdings, and let the board rule out improperly brought business before a meeting
Wendy Hannam notified the company on March 18, 2026 that she will not stand for re-election; she serves until the 2026 Annual Meeting
The filing states her decision was not the result of any disagreement with the company
Encore Capital Group reported fourth-quarter and full-year 2025 results, with full-year net income of $256.8 million, or $10.91 per diluted share, compared with a net loss of $139.2 million in 2024. The company projects 2026 earnings per share of $12.00, an increase of 10%, and global collections of $2.7 billion, up 5%.
Full-year 2025 revenues were $1.77 billion, up 34% from $1.32 billion in 2024.
Fourth-quarter 2025 net income was $76.7 million, or $3.37 per diluted share, versus a net loss of $225.3 million, or $9.42 per share, in the same quarter of 2024.
The company repurchased about 9% of its shares outstanding in 2025 for $89.5 million.
For 2026, the company expects global portfolio purchases of $1.4 billion to $1.5 billion.
Encore Capital Group reported third quarter 2025 results on November 5, 2025, with diluted earnings per share of $3.17, up from $1.26 a year earlier, and total revenues of $460.4 million, up 25%. The company raised its full-year 2025 collections guidance to approximately $2.55 billion, which it says reflects 18% growth, and its board added $300 million to its share repurchase program.
Diluted EPS was $3.17 versus $1.26 a year earlier; net income was $74.7 million, up 144%.
Collections were a record $663 million, up 20%, including $502 million in the U.S.
Full-year 2025 collections guidance was raised to approximately $2.55 billion; portfolio purchasing guidance was unchanged.
About $60 million of shares were repurchased year-to-date, and the board added $300 million to the repurchase program.
On October 1, 2025, Encore Capital Group issued $500.0 million of 6.625% senior secured notes maturing April 15, 2031. The company used the proceeds to repay drawings under its revolving credit facility and to pay transaction fees and expenses. The new debt is secured by substantially all company and guarantor assets, which adds a senior secured claim ahead of unsecured creditors and is a fixed obligation shareholders should weigh.
Principal amount of $500.0 million; interest at 6.625% per year, paid semi-annually on April 15 and October 15, starting April 15, 2026
Notes mature April 15, 2031, unless repurchased or redeemed earlier
Proceeds used to repay revolving credit facility (Global Senior Facility) drawings and pay offering fees and expenses
Indenture dated October 1, 2025 with GLAS Trust Company LLC as trustee and Truist Bank as security agent, filed as Exhibit 4.1
Encore Capital Group reported second-quarter 2025 results on August 6, 2025, with diluted earnings per share of $2.49, up 86% from $1.34 a year earlier, and net income of $58.7 million, up 82%. The company raised its full-year 2025 global collections guidance to approximately $2.5 billion, from a prior expectation of $2.4 billion, while leaving its portfolio purchasing guidance unchanged.
Q2 2025 diluted EPS $2.49 vs. $1.34 in Q2 2024; net income $58.7 million vs. $32.2 million
Total revenues $442.1 million, up 24%; collections $655.0 million, up 20%
Full-year 2025 collections guidance raised to approximately $2.5 billion (15.5% growth) from $2.4 billion (11% growth)
Company repurchased $15 million of shares in Q2, $25 million in the first half of 2025
Encore Capital Group amended its global senior secured revolving credit facility on May 22, 2025, increasing the facility by $190 million, from $1,295 million to $1,485 million. The amendment also extends the termination date from September 2028 to September 2029, except for a $69.5 million tranche that still terminates in September 2028, giving the company more borrowing capacity and a longer maturity profile.
Facility upsized by $190 million, from $1,295 million to $1,485 million
Termination date extended from September 2028 to September 2029
A $69.5 million tranche continues to terminate in September 2028
Amendment letter filed as Exhibit 10.1; agent is Truist Bank
Encore Capital Group reported first quarter 2025 results for the period ended March 31, 2025, with revenue of $392.8 million, up 20%, and net income of $46.8 million, up 101%. The company reiterated its full-year 2025 guidance, which calls for global portfolio purchases above the $1.35 billion made in 2024 and collections growth of 11% to $2.4 billion.
Diluted earnings per share were $1.93, up from $0.95 a year earlier.
Global collections rose 18% to $605 million, including a record $454 million in the U.S.
Global portfolio purchases rose 24% to $368 million, including a record $316 million in the U.S.
The company repurchased $10 million of its common stock in the quarter and reiterated 2025 guidance.
Encore Capital Group appointed Tomas Hernanz, currently CFO of its European unit Cabot Credit Management, as Executive Vice President, Chief Financial Officer and Treasurer, effective April 1, 2025, as part of a previously announced transition. Jonathan Clark, the former CFO, will serve as a senior advisor under a consulting agreement, and his outstanding equity awards will continue to vest.
Tomas Hernanz, 46, succeeds Jonathan Clark as CFO and Treasurer effective April 1, 2025; he will be principal financial and accounting officer
Hernanz's base salary is $500,000 with a target annual bonus of 85% of salary
2025 long-term incentive awards have a target grant date value of approximately $950,000, split equally between restricted stock units and performance stock units
Clark's consulting agreement, signed March 28, 2025, covers up to 30 hours per month for 24 months starting April 1, 2025
Encore Capital Group reported a full-year 2024 GAAP net loss of $139.2 million, or $5.83 per share, compared with a loss of $206.5 million in 2023, while full-year revenue rose 8% to $1.32 billion. Fourth-quarter results included a $100.6 million goodwill impairment and other Cabot-related charges tied to exiting Spanish and Italian non-performing loan markets, and the company said it expects 2025 collections to rise 11% to $2.4 billion and plans to resume share repurchases in 2025.
Full-year 2024 revenue of $1.32 billion, up 8% from 2023; fourth-quarter revenue of $265.6 million, down 4%
Fourth-quarter GAAP net loss of $225.3 million, or $9.42 per share, including $262.2 million in Cabot-related and other charges
Full-year 2024 collections rose 16% to $2.16 billion; 2025 collections are expected to increase 11% to $2.4 billion
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