Business
Jefferson Capital Reports First Quarter 2026 Results
Record Quarterly Collections Grow 19% to $309.9 MillionEstimated Remaining Collections (“ERC”) up 18% to $3.4 BillionPre-tax Income of $51.1 Million with Net
About this update from Jefferson Capital, Inc.
[{"type":"text","content":"Record Quarterly Collections Grow 19% to $309.9 MillionEstimated Remaining Collections (“ERC”) up 18% to $3.4 BillionPre-tax Income of $51.1 Million with Net Income of $37.6 Million and EPS of $0.61Adjusted Pre-tax Income of $58.4 Million with Adjusted Net Income of $44.9 Million and Adjusted EPS of $0.73Board of Directors Declares Quarterly Cash Dividend of $0.24 per Share MINNEAPOLIS, May 14, 2026 (GLOBE NEWSWIRE) -- Jefferson Capital, Inc. (“Jefferson Capital”), a leading analytically driven purchaser and manager of charged-off, insolvency and active consumer accounts, today announced its first quarter 2026 financial results. “Jefferson Capital delivered excellent performance for the quarter with record collections and record revenue,” said David Burton, Chairman and Chief Executive Officer. “The strength of our business model with a differentiated investment strategy, disciplined underwriting and best-in-class efficiency positions us well to drive shareholder value now and in the future.” “The investment environment remains favorable: consumer credit is at near record levels across all asset classes with elevated delinquencies and charge-offs, which create a long runway for portfolio supply. At the same time, the unemployment rate remains low which supports collection performance on our existing book and allows us to confidently deploy capital. We have never been better positioned to take advantage of the opportunities ahead with low leverage and ample capital resources.” First Quarter 2026 Highlights (vs. First Quarter 2025) Record collections grew 19% to $309.9 millionERC rose 18% to $3.4 billionRecord revenue up 14% to $176.4 millionSector-leading Cash Efficiency Ratio of 73.0%Leverage ratio* improved to 1.79x as compared to 2.17xPre-tax Income of $51.1 million with Net Income of $37.6 million and EPS of $0.61Adjusted Pre-tax Income* of $58.4 millionwith Adjusted Net Income* of $44.9 million and Adjusted EPS of $0.73 CollectionsThe following table summarizes total collections by geographic area: Three Months Ended March 31, Increase % (in Millions) 2026 2025 (Decrease) Change United States $250.6 $214.3 $36.3 16.9%Canada 32.2 25.8 6.4 24.8%United Kingdom 10.8 10.2 0.6 5.9%Latin America 16.3 10.6 5.7 53.8%Total Collections $ 309.9 $ 260.9 $ 49.0 18.8% Collections from purchased receivables increased 18.8% or $49.0 million ...