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PRA Group to present at the 2026 Midwest IDEAS Conference on Wednesday, August 26. Aug 20, 2026, 16:05 ET NORFOLK, Va., Aug. 20, 2026 /PRNewswire/ - PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loan portfolios, announced today that management is scheduled to present to investors attending the 2026 Midwest IDEAS Conference in Chicago, Illinois, on Wednesday, August 26, 2026 at 11:15 a.m. Central time. A webcast of the presentation and the accompanying slides will also be available at PRA's investor relations website, https://ir.pragroup.com/events-and-presentations. To schedule a one-on-one meeting, request an invitation or receive additional information, please contact PRA Group's investor relations at [email protected] or 757-431-7913. About PRA Group As a global industry leader with more than 30 years of experience, PRA Group, Inc. (Nasdaq: PRAA) specializes in acquiring and collecting nonperforming loans. PRA Group purchases portfolios from banks and other creditors and, through its subsidiaries, collaborates with customers to help them resolve their debt. Headquartered in Norfolk, Virginia, PRA Group has operations in the U.S., Europe, and other markets. For more information, please visit www.pragroup.com. Investor Contact: Najim Mostamand, CFA Vice President, Investor Relations (757) 431-7913 [email protected] SOURCE PRA Group, Inc.

Power Moves: Newmark, Rocktop, BankSouth and others make newsworthy announcements. The summer season has seen its fair share of hires, promotions, board appointments and retirements * August 14, 2026 After nearly 50 years, Barry Gosin is calling it a career at Newmark Group. The CEO of the commercial real estate advisory will step down on Dec. 31 after serving in that capacity since 1979. Gosin has agreed to continue as chairman of affiliated operating company Newmark & Co. through 2029. Newmark's board of directors hasn't named a CEO successor but expects to do so by year-end. Mortgage intelligence company Rocktop Technologies has appointed Jason Vinar as chief investment officer and head of Rocktop Capital Advisors, the firm's capital markets business. Formerly chief operating officer at Two Harbors Investment Corp., where he actively managed the portfolio of RoundPoint Mortgage Servicing, Vinar will assume responsibilities for Rocktop Capital Advisors' mortgage servicing rights valuation, hedge advisory services and strategic focus. Erin Dee has joined BankSouth Mortgage as senior vice president and chief innovation officer, where she will focus on initiatives related to artificial intelligence adoption and workflow modernization. Most recently the chief operating officer of InterLinc Mortgage, Dee previously served as president of the Texas Mortgage Bankers Association. She is a current member of the MBA's Residential/Single Family Board of Governors (RESBOG) and also serves on the boards of The Mortgage Collaborative and the American Valuation Society. Farmer Mac, a secondary market provider for agricultural real estate and housing loans, has appointed Nader Pasdar as executive vice president and chief business officer, effective Aug. 17. Pasdar was previously CEO of Rabo Securities and served as managing director and head of North American markets for Rabobank. Varun Krishna, who has served as CEO of Rocket Companies since 2023, has joined the board of Southwest Airlines. Southwest cited Krishna's "deep expertise in digital products, innovation and customer engagement" in its announcement. Prior to joining Rocket, he held senior roles at Intuit, PayPal, Groupon and Microsoft. Invesco Mortgage Capital announced that Peter Graham has joined its board of directors. Graham is co-president and chief financial officer of student loan provider Sallie Mae and formerly held senior finance roles at PRA Group and General Electric. Sandler Law Group, a provider of legal and support services to residential mortgage lenders, announced that Peter Idziak has joined the firm as partner-in-charge. Idziak, who specializes in regulatory compliance and consumer financial law, previously spent seven years at Polunsky Beitel Green LLP, where he was promoted to principal in May. Equity Prime Mortgage announced the return of David Abrahamson as chief risk officer. Abrahamson previously served as chief operating officer at EPM from 2010 to 2020. Since then, he has held senior roles at American Bancshares Mortgage, First Option Mortgage, Mortgage Equity Partners and Mortgage Solutions of Georgia. In his new role, he will strengthen EPM's risk management framework and provide oversight of its credit, underwriting, regulatory and investor-related functions. Get these articles in your inbox. Planet has hired Greg Thomas as an area sales manager in Fort Wayne, Ind., where he will be tasked with leading retail growth across Indiana, Ohio and Michigan. Thomas has 20 years of originating experience under his belt - including specialties in government lending, renovation financing, new construction and self-employed borrower loans. He will operate under the GO Home Mortgage banner. Certainty Home Lending has hired Bryan Ingenito as executive vice president and national operations executive. A nearly 30-year mortgage industry veteran, Ingenito is based in the Charlotte, N.C., metro area. New American Funding has added originators Shane Masterman and Christian Johnson, whose jointly run venture is called Cantera Home Lending. Based in the Dallas-Fort Worth area, the pair have nearly 50 years of combined industry experience. Atlantic Coast Mortgage has added Keith Cross as senior vice president of builder relations. A former sales and operations leader at Beazer Homes, Cross will work with the company's loan officers to develop builder resources and collaborations with home building partners. Potomac Bank Residential Lending has hired Gail Moxley as senior vice president and senior mortgage loan officer. Moxley brings 25 years of experience from her career at CNB Bank, where she worked in commercial lending, residential lending, retail and collections. Argyle, a provider of automated income and employment verifications for lenders, has promoted John Hardesty to chief revenue officer and Daniel Esquibel to vice president of mortgage. Hardesty previously served as senior vice president of revenue and Esquibel was the company's director of strategic sales and partnerships. Correspondent warehouse funder FirstFunding Inc., a subsidiary of title insurance giant First American Financial Corp., announced the retirement of Jim Dunkerley after 23 years of service. Dunkerley founded FirstFunding in 2003 and stewarded the company through its acquisition by First American in 2018.

One call center left: inside PRA Group's Q2 transformation. PRA Group reported second quarter revenue of $372 million, up 29% year over year, and net income of $58 million, or $1.51 per diluted share, in results announced yesterday. The company announced that its physical footprint is nearly gone. PRA now runs a single U.S. call center, down from seven in 2023, after closing two more sites during the quarter and moving those operations to a work-from-home model. The company also consolidated its two offshore third-party collection sites into one location, which executives said is performing at target levels. A second wave of cost cuts eliminated 100 U.S. corporate and overhead roles plus 35 offshore positions, expected to generate roughly $20 million in annualized net savings. Since the start of 2025, PRA has cut more than 215 corporate and overhead roles, a reduction of more than 25%, along with more than 575 call center positions. Cash collections and earnings grew throughout. Where did the work go? Two places. First, digital: nearly half of new payment plans created during the quarter came through the digital channel, and communication expense dropped 19% as the company pulled back on letters. PRA launched its cloud-based omnichannel contact platform in the U.S. last month, unifying voice, digital, chat, and email in a single system for agents. A dedicated AI team based in Charlotte now oversees global AI initiatives targeting automation, analytics, and back-office productivity. Second, legal. U.S. legal cash collections grew 26% to $150 million and now represent more than half of all U.S. core cash collections, the payoff from court cost investments made in prior periods. Executives stressed that legal is not the preferred channel and comes only after extended outreach through other channels for consumers with an ability to pay. Legal cost growth is expected to moderate in 2026 after running at 40% in 2024 and 30% in 2025. Total U.S. cash collections grew 6%, outpacing the company's overall 4% growth to $559 million. On the buying side, U.S. core purchases came in at $90 million for the quarter, and CEO Martin Sjolund described the U.S. supply environment as stable and competitive, with the company holding to its return hurdles rather than volume targets. U.S. purchase price multiples ticked up to 2.17 in the quarter, which Sjolund characterized as a normalization after Q1 buying skewed toward lower-multiple, lower-cost segments.