• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    World Acceptance Corporation Reports Fiscal 2025 Second Quarter Results

    10/25/24 7:30:00 AM ET
    $WRLD
    Finance: Consumer Services
    Finance
    Get the next $WRLD alert in real time by email

    World Acceptance Corporation (NASDAQ:WRLD) today reported financial results for its second quarter of fiscal 2025.

    Second fiscal quarter highlights

    During its second fiscal quarter, World Acceptance Corporation achieved improved loan growth while continuing to focus on credit quality. Management believes that continuing to carefully invest in our best customers and closely monitoring performance has strengthened the Company's financial position and positioned us well for the remainder of the fiscal year.

    Highlights from the second quarter include:

    • Net income of $22.1 million
    • Diluted net income per share of $3.99
    • Recency delinquency on accounts 90+ days past due improved to 3.4% at September 30, 2024, from 3.7% at September 30, 2023
    • Total revenues of $131.4 million, including a 113 basis point yield increase compared to the same quarter in the prior year

    Portfolio results

    Gross loans outstanding were $1.30 billion as of September 30, 2024, a 6.1% decrease from the $1.38 billion of gross loans outstanding as of September 30, 2023. During the most recent quarter, gross loans outstanding increased sequentially 1.7%, or $21.1 million, from $1.28 billion as of June 30, 2024, compared to a decrease of 1.3%, or $18.5 million, in the comparable quarter of the prior year.

    During the most recent quarter, we saw improvement in borrowing from new, former and existing customers compared to the same quarter of fiscal year 2024. Specifically, new, former and refinance loan customer volume during the quarter increased 20.8%, 11.5% and 2.9%, respectively, compared to the same quarter of fiscal year 2024. Our customer base decreased by 0.1% during the twelve-month period ended September 30, 2024, compared to a decrease of 9.4% for the comparable period ended September 30, 2023. During the quarter ended September 30, 2024, the number of unique borrowers in the portfolio increased by 3.6% compared to an increase of 1.0% during the quarter ended September 30, 2023. We continued to improve the gross yield to expected loss ratio for all new, former and refinance customer originations and will continue to monitor performance indicators and intend to adjust underwriting accordingly.

    The following table includes the volume of gross loan origination balances by customer type for the following comparative quarterly periods:

     

    Q2 FY 2025

    Q2 FY 2024

    Q2 FY 2023

    New Customers

    $44,479,349

    $36,822,744

    $36,638,094

    Former Customers

    $100,630,514

    $90,227,607

    $98,701,899

    Refinance Customers

    $557,020,707

    $541,181,690

    $621,138,738

    As of September 30, 2024, the Company had 1,045 open branches. For branches open at least twelve months, same store gross loans decreased 5.6% in the twelve-month period ended September 30, 2024, compared to a decrease of 10.9% for the twelve-month period ended September 30, 2023. For branches open throughout both periods, the customer base over the twelve-month period ended September 30, 2024, increased 0.3% compared to a decrease of 6.7% for the twelve-month period ended September 30, 2023.

    Three-month financial results

    Net income for the second quarter of fiscal 2025 increased to $22.1 million compared to $16.1 million for the same quarter of the prior year. Net income per diluted share increased to $3.99 per share in the second quarter of fiscal 2025 compared to $2.71 per share for the same quarter of the prior year. Net income in the current and prior year quarter benefited from lower incentive expense as a result of the reversal of the expense associated with our performance-based share plan.

    Total revenues for the second quarter of fiscal 2025 decreased to $131.4 million, a 4.0% decrease from $136.9 million for the same quarter of the prior year. Interest and fee income declined 2.6%, from $117.0 million in the second quarter of fiscal 2024 to $113.9 million in the second quarter of fiscal 2025. Insurance income decreased by 20.5% to $12.3 million in the second quarter of fiscal 2025 compared to $15.5 million in the second quarter of fiscal 2024. The large loan portfolio decreased from 56.7% of the overall portfolio as of September 30, 2023, to 52.1% as of September 30, 2024. Interest and insurance yields for the quarter ended September 30, 2024 increased 191 and 113 basis points compared to the quarters ended March 31, 2024 and September 30, 2023, respectively. Other income increased by 17.5% to $5.2 million in the second quarter of fiscal 2025 compared to $4.4 million in the second quarter of fiscal 2024.

    The Company accrues for expected losses with a current expected credit loss ("CECL") methodology, which requires us to create a provision for credit losses on the day we originate the loan. The provision for credit losses increased $6.2 million to $46.7 million from $40.5 million when comparing the second quarter of fiscal 2025 to the second quarter of fiscal 2024. The table below itemizes the key components of the CECL allowance and provision impact during the quarter.

    CECL Allowance and Provision (Dollars in millions)

     

    Q2 FY 2025

     

    Q2 FY 2024

     

    Difference

     

    Reconciliation

    Beginning Allowance - June 30

     

    $109.7

     

    $129.3

     

    $(19.6)

     

     

    Change due to Growth

     

    $1.8

     

    $(1.6)

     

    $3.4

     

    $3.4

    Change due to Expected Loss Rate on Performing Loans

     

    $0.8

     

    $(1.2)

     

    $2.0

     

    $2.0

    Change due to 90 day past due

     

    $2.2

     

    $2.4

     

    $(0.2)

     

    $(0.2)

    Ending Allowance - September 30

     

    $114.5

     

    $128.9

     

    $(14.4)

     

    $5.2

    Net Charge-offs

     

    $41.9

     

    $40.9

     

    $1.0

     

    $1.0

    Provision

     

    $46.7

     

    $40.5

     

    $6.2

     

    $6.2

    Note: The change in allowance for the quarter plus net charge-offs for the quarter equals the provision for the quarter (see above reconciliation).

    The provision was negatively impacted by growth and an increase in expected loss rates during the quarter. Specifically, expected loss rates were negatively impacted by an increase in our 0-5 month customers, our riskiest customers, during the current quarter.

    Net charge-offs for the quarter increased $1.0 million, from $40.9 million in the second quarter of fiscal 2024 to $41.9 million in the second quarter of fiscal 2025. Net charge-offs as a percentage of average net loan receivables on an annualized basis increased to 17.6% in the second quarter of fiscal 2025 from 16.1% in the second quarter of fiscal 2024. The prior year quarter's net charge-offs benefited from a $4.9 million bulk sale of charge-offs from prior periods.

    Accounts 61 days or more past due decreased to 5.6% on a recency basis at September 30, 2024, compared to 5.9% at September 30, 2023. Our allowance for credit losses as a percent of net loans receivable was 12.0% at September 30, 2024, compared to 12.8% at September 30, 2023. We also experienced improvement in recency delinquency on accounts at least 90 days past due, improving from 3.7% at September 30, 2023, to 3.4% at September 30, 2024.

    The table below is updated to use the customer tenure-based methodology that aligns with our CECL methodology. After experiencing rapid portfolio growth during fiscal years 2019 and 2020, primarily in new customers, our gross loan balance experienced pandemic related declines in fiscal 2021 before rebounding during fiscal 2022. Over the last two and a half years we have tightened our lending to new customers substantially. The tables below illustrate the changes in the portfolio weighting.

    Gross Loan Balance By Customer Tenure at Origination

    As of

    Less Than 2 Years

    More Than 2 Years

    Total

    09/30/2019

    $457,720,143

    $816,488,354

    $1,274,208,497

    09/30/2020

    $365,242,591

    $744,182,305

    $1,109,424,896

    09/30/2021

    $455,201,848

    $939,669,804

    $1,394,871,652

    09/30/2022

    $481,374,232

    $1,117,025,275

    $1,598,399,507

    09/30/2023

    $324,731,250

    $1,054,823,272

    $1,379,554,522

    09/30/2024

    $259,160,389

    $1,036,732,429

    $1,295,892,818

     

    Year-Over-Year Growth (Decline) in Gross Loan Balance by Customer Tenure at Origination

    12 Month Period Ended

    Less Than 2 Years

    More Than 2 Years

    Total

    09/30/2019

    $97,211,268

    $50,207,090

    $147,418,358

    09/30/2020

    $(92,477,552)

    $(72,306,049)

    $(164,783,601)

    09/30/2021

    $89,959,257

    $195,487,499

    $285,446,756

    09/30/2022

    $26,172,384

    $177,355,471

    $203,527,855

    09/30/2023

    $(156,642,982)

    $(62,202,003)

    $(218,844,985)

    09/30/2024

    $(65,570,861)

    $(18,090,843)

    $(83,661,704)

    Portfolio Mix by Customer Tenure at Origination

    As of

    Less Than 2 Years

    More Than 2 Years

    09/30/2019

    35.9%

    64.1%

    09/30/2020

    32.9%

    67.1%

    09/30/2021

    32.6%

    67.4%

    09/30/2022

    30.1%

    69.9%

    09/30/2023

    23.5%

    76.5%

    09/30/2024

    20.0%

    80.0%

    General and administrative ("G&A") expenses decreased $16.6 million, or 26.4%, to $46.4 million in the second quarter of fiscal 2025 compared to $62.9 million in the same quarter of the prior fiscal year. As a percentage of revenues, G&A expenses decreased from 46.0% during the second quarter of fiscal 2024 to 35.3% during the second quarter of fiscal 2025. G&A expenses per average open branch decreased by 25.9% when comparing the second quarter of fiscal 2025 to the second quarter of fiscal 2024.

    Personnel expense decreased $16.7 million, or 43.4%, during the second quarter of fiscal 2025 as compared to the second quarter of fiscal 2024. Salary expense decreased approximately $0.5 million, or 1.7%, during the quarter ended September 30, 2024, compared to the quarter ended September 30, 2023. Our headcount as of September 30, 2024, decreased 6.7% compared to September 30, 2023. Benefit expense decreased approximately $1.1 million, or 12.2%, when comparing the quarterly periods ended September 30, 2024 and 2023. Incentive expense decreased $14.6 million, in the second quarter of fiscal 2025 compared to the second quarter of fiscal 2024. The decrease in incentive expense is mostly due to a decrease in share-based compensation as a result of an $18.5 million reversal of the expense associated with the second tranche of our performance-based share plan since the Company is no longer expected to achieve the target required for the second tranche to vest. The target was set at earnings per share of $20.45 over four consecutive quarters, and the final measurement date for this target is March 31, 2025.

    Occupancy and equipment expense decreased $0.1 million, or 0.7%, when comparing the quarterly periods ended September 30, 2024 and 2023.

    Advertising expense increased $0.6 million, or 25.9%, in the second quarter of fiscal 2025 compared to the second quarter of fiscal 2024 due to increased spending on customer acquisition programs.

    Interest expense for the quarter ended September 30, 2024, decreased by $2.1 million, or 16.6%, from the corresponding quarter of the previous year. Interest expense decreased due to a 14.5% decrease in average debt outstanding for the quarter and a 0.6% decrease in the effective interest rate from 8.71% to 8.66%. The average debt outstanding decreased from $580.4 million to $496.0 million when comparing the quarters ended September 30, 2024 and 2023. The Company's debt to equity ratio decreased to 1.2:1 at September 30, 2024, compared to 1.4:1 at September 30, 2023. As of September 30, 2024, the Company had $504.9 million of debt outstanding, net of unamortized debt issuance costs related to the unsecured senior notes payable. The Company repurchased and canceled $12.0 million of its previously issued bonds for a purchase price of $11.5 million during the second quarter of fiscal 2025.

    Other key return ratios for the second quarter of fiscal 2025 included a 7.8% return on average assets and a return on average equity of 20.1% (both on a trailing twelve-month basis).

    The Company repurchased 85,843 shares of its common stock on the open market at an aggregate purchase price of approximately $10.0 million during the second quarter of fiscal 2025. This is in addition to repurchases of 79,324 shares during the first quarter of fiscal 2025 at an aggregate purchase price of approximately $11.1 million. As of September 30, 2024, the Company had $10.0 million in aggregate remaining repurchase capacity under its current share repurchase program and approximately $24.7 million under the terms of our debt facilities. The Company repurchased 295,201 shares during fiscal 2024 at an aggregate purchase price of approximately $36.2 million. The Company had approximately 5.4 million common shares outstanding, excluding approximately 367,500 unvested restricted shares, as of September 30, 2024.

    Six-Month Results

    Net income for the six-months ended September 30, 2024, increased $6.5 million to $32.1 million compared to $25.6 million for the same period of the prior year. This resulted in a net income of $5.77 per diluted share for the six months ended September 30, 2024, compared to $4.33 per diluted share in the prior-year period. Total revenues for the first six-months of fiscal 2025 decreased 5.5% to $260.9 million, compared to $276.2 million during the corresponding period of the previous year due to a decrease in loans outstanding. Annualized net charge-offs as a percent of average net loans increased from 16.5% during the first six-months of fiscal 2024 to 17.0% for the first six-months of fiscal 2025.

    About World Acceptance Corporation (World Finance)

    Founded in 1962, World Acceptance Corporation (NASDAQ:WRLD), is a people-focused finance company that provides personal installment loan solutions and personal tax preparation and filing services to over one million customers each year. Headquartered in Greenville, South Carolina, the Company operates more than 1,000 community-based World Finance branches across 16 states. The Company primarily serves a segment of the population that does not have ready access to credit; however, unlike many other lenders in this segment, we strive to work with our customers to understand their broader financial pictures, ensure they have the ability and stability to make payments, and help them achieve their financial goals. For more information, visit www.loansbyworld.com.

    Second quarter conference call

    The senior management of World Acceptance Corporation will be discussing these results in its quarterly conference call to be held at 10:00 a.m. Eastern Time today. A simulcast of the conference call will be available on the Internet at https://event.choruscall.com/mediaframe/webcast.html?webcastid=Lh4m14ro. The call will be available for replay on the Internet for approximately 30 days.

    During the conference call, the Company may discuss and answer questions concerning business and financial developments and trends that have occurred after quarter-end. The Company's responses to questions, as well as other matters discussed during the conference call, may contain or constitute information that has not been disclosed previously.

    Cautionary Note Regarding Forward-looking Information

    This press release may contain various "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, that represent the Company's current expectations or beliefs concerning future events. Statements other than those of historical fact, as well as those identified by words such as "anticipate," "estimate," intend," "plan," "expect," "project," "believe," "may," "will," "should," "would," "could," "probable" and any variation of the foregoing and similar expressions are forward-looking statements. Such forward-looking statements are inherently subject to risks and uncertainties. The Company's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include the following: recently enacted, proposed or future legislation and the manner in which it is implemented; changes in the U.S. tax code; the nature and scope of regulatory authority, particularly discretionary authority, that is or may be exercised by regulators, including, but not limited to, U.S. Consumer Financial Protection Bureau, and individual state regulators having jurisdiction over the Company; the unpredictable nature of regulatory examinations, proceedings and litigation; employee misconduct or misconduct by third parties; uncertainties associated with management turnover and the effective succession of senior management; media and public characterization of consumer installment loans; labor unrest; the impact of changes in accounting rules and regulations, or their interpretation or application, which could materially and adversely affect the Company's reported consolidated financial statements or necessitate material delays or changes in the issuance of the Company's audited consolidated financial statements; the Company's assessment of its internal control over financial reporting; changes in interest rates; the impact of inflation; risks relating to the acquisition or sale of assets or businesses or other strategic initiatives, including increased loan delinquencies or net charge-offs, the loss of key personnel, integration or migration issues, the failure to achieve anticipated synergies, increased costs of servicing, incomplete records, and retention of customers; risks inherent in making loans, including repayment risks and value of collateral; cybersecurity threats or incidents, including the potential or actual misappropriation of assets or sensitive information, corruption of data or operational disruption and the cost of the associated response thereto; our dependence on debt and the potential impact of limitations in the Company's amended revolving credit facility or other impacts on the Company's ability to borrow money on favorable terms, or at all; the timing and amount of revenues that may be recognized by the Company; changes in current revenue and expense trends (including trends affecting delinquency and charge-offs); the impact of extreme weather events and natural disasters; changes in the Company's markets and general changes in the economy (particularly in the markets served by the Company).

    These and other factors are discussed in greater detail in Part I, Item 1A,"Risk Factors" in the Company's most recent annual report on Form 10-K for the fiscal year ended March 31, 2024, as filed with the SEC and the Company's other reports filed with, or furnished to, the SEC from time to time. World Acceptance Corporation does not undertake any obligation to update any forward-looking statements it makes. The Company is also not responsible for updating the information contained in this press release beyond the publication date, or for changes made to this document by wire services or Internet services.

     

    WORLD ACCEPTANCE CORPORATION AND SUBSIDIARIES

     

    CONSOLIDATED STATEMENTS OF OPERATIONS

    (unaudited and in thousands, except per share amounts)

     

     

    Three months ended September 30,

     

    Six months ended September 30,

     

    2024

     

    2023

     

    2024

     

    2023

    Revenues:

     

     

     

     

     

     

     

    Interest and fee income

    $

    113,905

     

    $

    116,953

     

    $

    225,066

     

    $

    233,572

    Insurance and other income, net

     

    17,504

     

     

    19,922

     

     

    35,870

     

     

    42,627

    Total revenues

     

    131,409

     

     

    136,875

     

     

    260,936

     

     

    276,199

     

     

     

     

     

     

     

     

    Expenses:

     

     

     

     

     

     

     

    Provision for credit losses

     

    46,669

     

     

    40,463

     

     

    92,088

     

     

    87,065

    General and administrative expenses:

     

     

     

     

     

     

     

    Personnel

     

    21,754

     

     

    38,437

     

     

    58,730

     

     

    80,229

    Occupancy and equipment

     

    12,337

     

     

    12,429

     

     

    24,500

     

     

    25,048

    Advertising

     

    2,821

     

     

    2,242

     

     

    4,478

     

     

    4,991

    Amortization of intangible assets

     

    959

     

     

    1,063

     

     

    1,965

     

     

    2,132

    Other

     

    8,484

     

     

    8,776

     

     

    18,093

     

     

    18,672

    Total general and administrative expenses

     

    46,355

     

     

    62,947

     

     

    107,766

     

     

    131,072

     

     

     

     

     

     

     

     

    Interest expense

     

    10,457

     

     

    12,543

     

     

    20,226

     

     

    24,785

    Total expenses

     

    103,481

     

     

    115,953

     

     

    220,080

     

     

    242,922

     

     

     

     

     

     

     

     

    Income before income taxes

     

    27,928

     

     

    20,922

     

     

    40,856

     

     

    33,277

     

     

     

     

     

     

     

     

    Income tax expense

     

    5,800

     

     

    4,839

     

     

    8,780

     

     

    7,655

     

     

     

     

     

     

     

     

    Net income

    $

    22,128

     

    $

    16,083

     

    $

    32,076

     

    $

    25,622

     

     

     

     

     

     

     

     

    Net income per common share, diluted

    $

    3.99

     

    $

    2.71

     

    $

    5.77

     

    $

    4.33

     

     

     

     

     

     

     

     

    Weighted average diluted shares outstanding

     

    5,549

     

     

    5,939

     

     

    5,558

     

     

    5,915

     
     

    WORLD ACCEPTANCE CORPORATION AND SUBSIDIARIES

     

    CONSOLIDATED BALANCE SHEETS

    (unaudited and in thousands)

     

     

    September 30, 2024

     

    March 31, 2024

     

    September 30, 2023

    ASSETS

     

     

     

     

     

    Cash and cash equivalents

    $

    9,746

     

     

    $

    11,839

     

     

    $

    18,786

     

    Gross loans receivable

     

    1,295,870

     

     

     

    1,277,149

     

     

     

    1,379,514

     

    Less:

     

     

     

     

     

    Unearned interest, insurance and fees

     

    (338,708

    )

     

     

    (326,746

    )

     

     

    (370,312

    )

    Allowance for credit losses

     

    (114,455

    )

     

     

    (102,963

    )

     

     

    (128,892

    )

    Loans receivable, net

     

    842,707

     

     

     

    847,440

     

     

     

    880,310

     

    Income taxes receivable

     

    4,769

     

     

     

    3,091

     

     

     

    —

     

    Operating lease right-of-use assets, net

     

    80,604

     

     

     

    79,501

     

     

     

    80,397

     

    Property and equipment, net

     

    21,445

     

     

     

    22,897

     

     

     

    23,696

     

    Deferred income taxes, net

     

    32,231

     

     

     

    30,943

     

     

     

    41,858

     

    Other assets, net

     

    41,183

     

     

     

    42,199

     

     

     

    40,124

     

    Goodwill

     

    7,371

     

     

     

    7,371

     

     

     

    7,371

     

    Intangible assets, net

     

    9,107

     

     

     

    11,070

     

     

     

    13,158

     

    Total assets

    $

    1,049,163

     

     

    $

    1,056,351

     

     

    $

    1,105,700

     

     

     

     

     

     

     

    LIABILITIES & SHAREHOLDERS' EQUITY

     

     

     

     

     

    Liabilities:

     

     

     

     

     

    Senior notes payable

    $

    265,630

     

     

    $

    223,419

     

     

    $

    276,556

     

    Senior unsecured notes payable, net

     

    239,311

     

     

     

    272,610

     

     

     

    284,379

     

    Income taxes payable

     

    —

     

     

     

    —

     

     

     

    1,947

     

    Operating lease liability

     

    82,860

     

     

     

    81,921

     

     

     

    82,948

     

    Accounts payable and accrued expenses

     

    43,898

     

     

     

    53,974

     

     

     

    49,847

     

    Total liabilities

     

    631,699

     

     

     

    631,924

     

     

     

    695,677

     

     

     

     

     

     

     

    Shareholders' equity

     

    417,464

     

     

     

    424,427

     

     

     

    410,023

     

    Total liabilities and shareholders' equity

    $

    1,049,163

     

     

    $

    1,056,351

     

     

    $

    1,105,700

     

     
     

    WORLD ACCEPTANCE CORPORATION AND SUBSIDIARIES

     

    SELECTED CONSOLIDATED STATISTICS

    (unaudited and in thousands, except percentages and branches)

     

     

     

    Three months ended September 30,

    Six months ended September 30,

     

     

    2024

     

    2023

    2024

     

    2023

     

     

     

     

     

     

     

     

    Gross loans receivable

     

    $

    1,295,870

     

     

    $

    1,379,514

     

    $

    1,295,870

     

     

    $

    1,379,514

     

    Average gross loans receivable (1)

     

     

    1,284,326

     

     

     

    1,394,395

     

     

    1,277,911

     

     

     

    1,390,609

     

    Net loans receivable (2)

     

     

    957,162

     

     

     

    1,009,202

     

     

    957,162

     

     

     

    1,009,202

     

    Average net loans receivable (3)

     

     

    949,302

     

     

     

    1,017,773

     

     

    946,188

     

     

     

    1,015,017

     

     

     

     

     

     

     

     

     

    Expenses as a percentage of total revenue:

     

     

     

     

     

     

     

    Provision for credit losses

     

     

    35.5

    %

     

     

    29.6

    %

     

    35.3

    %

     

     

    31.5

    %

    General and administrative

     

     

    35.3

    %

     

     

    46.0

    %

     

    41.3

    %

     

     

    47.5

    %

    Interest expense

     

     

    8.0

    %

     

     

    9.2

    %

     

    7.8

    %

     

     

    9.0

    %

    Operating income as a % of total revenue (4)

     

     

    29.2

    %

     

     

    24.4

    %

     

    23.4

    %

     

     

    21.0

    %

     

     

     

     

     

     

     

     

    Loan volume (5)

     

     

    702,238

     

     

     

    668,215

     

     

    1,384,435

     

     

     

    1,389,449

     

     

     

     

     

     

     

     

     

    Net charge-offs as percent of average net loans receivable on an annualized basis

     

     

    17.6

    %

     

     

    16.1

    %

     

    17.0

    %

     

     

    16.5

    %

     

     

     

     

     

     

     

     

    Return on average assets (trailing 12 months)

     

     

    7.8

    %

     

     

    5.0

    %

     

    7.8

    %

     

     

    5.0

    %

     

     

     

     

     

     

     

     

    Return on average equity (trailing 12 months)

     

     

    20.1

    %

     

     

    15.2

    %

     

    20.1

    %

     

     

    15.2

    %

     

     

     

     

     

     

     

     

    Branches opened or acquired (merged or closed), net

     

     

    (2

    )

     

     

    (2

    )

     

    (3

    )

     

     

    (20

    )

     

     

     

     

     

     

     

     

    Branches open (at period end)

     

     

    1,045

     

     

     

    1,053

     

     

    1,045

     

     

     

    1,053

     

     

    _______________________________________________________

    (1) Average gross loans receivable is determined by averaging month-end gross loans receivable over the indicated period, excluding tax advances.

    (2) Net loans receivable is defined as gross loans receivable less unearned interest and deferred fees.

    (3) Average net loans receivable is determined by averaging month-end gross loans receivable less unearned interest and deferred fees over the indicated period, excluding tax advances.

    (4) Operating income is computed as total revenues less provision for credit losses and general and administrative expenses.

    (5) Loan volume includes all loan balances originated by the Company. It does not include loans purchased through acquisitions.

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241025905980/en/

    Get the next $WRLD alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $WRLD

    DatePrice TargetRatingAnalyst
    11/13/2024$10.00Equal-Weight
    Stephens
    6/29/2022$159.00Equal-Weight → Underweight
    Stephens
    7/22/2021$112.00 → $140.00Underweight → Equal-Weight
    Stephens
    More analyst ratings

    $WRLD
    SEC Filings

    See more
    • SEC Form 10-K filed by World Acceptance Corporation

      10-K - WORLD ACCEPTANCE CORP (0000108385) (Filer)

      5/22/25 4:10:40 PM ET
      $WRLD
      Finance: Consumer Services
      Finance
    • World Acceptance Corporation filed SEC Form 8-K: Other Events

      8-K - WORLD ACCEPTANCE CORP (0000108385) (Filer)

      5/1/25 1:32:04 PM ET
      $WRLD
      Finance: Consumer Services
      Finance
    • World Acceptance Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - WORLD ACCEPTANCE CORP (0000108385) (Filer)

      4/29/25 7:35:11 AM ET
      $WRLD
      Finance: Consumer Services
      Finance

    $WRLD
    Leadership Updates

    Live Leadership Updates

    See more
    • World Acceptance Corporation Expands Its Board

      Welcomes Two New Independent Directors World Acceptance Corporation (NASDAQ:WRLD) today announced the appointment of two new independent directors, Elizabeth Russell Neuhoff and Benjamin Robinson III to its Board of Directors, effective immediately. "World's strategic focus on the financial wellness of its customers received significant interest from a number of talented individuals during our Board search process," said Ken Bramlett, Board chairman. "We believe the skillsets and perspectives of our new Board members will enable them to make an immediate impact. We welcome Beth and Ben to the Board and I look forward to serving alongside them." Both Ms. Neuhoff and Mr. Robinson bring a w

      6/28/21 4:05:00 PM ET
      $WRLD
      Finance: Consumer Services
      Finance

    $WRLD
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Stephens initiated coverage on World Acceptance with a new price target

      Stephens initiated coverage of World Acceptance with a rating of Equal-Weight and set a new price target of $10.00

      11/13/24 8:27:58 AM ET
      $WRLD
      Finance: Consumer Services
      Finance
    • World Acceptance downgraded by Stephens with a new price target

      Stephens downgraded World Acceptance from Equal-Weight to Underweight and set a new price target of $159.00

      6/29/22 9:32:32 AM ET
      $WRLD
      Finance: Consumer Services
      Finance
    • World Acceptance upgraded by Stephens with a new price target

      Stephens upgraded World Acceptance from Underweight to Equal-Weight and set a new price target of $140.00 from $112.00 previously

      7/22/21 7:22:12 AM ET
      $WRLD
      Finance: Consumer Services
      Finance

    $WRLD
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by World Acceptance Corporation

      SC 13G/A - WORLD ACCEPTANCE CORP (0000108385) (Subject)

      11/14/24 9:39:10 AM ET
      $WRLD
      Finance: Consumer Services
      Finance
    • SEC Form SC 13G/A filed by World Acceptance Corporation (Amendment)

      SC 13G/A - WORLD ACCEPTANCE CORP (0000108385) (Subject)

      2/14/24 4:32:36 PM ET
      $WRLD
      Finance: Consumer Services
      Finance
    • SEC Form SC 13G/A filed by World Acceptance Corporation (Amendment)

      SC 13G/A - WORLD ACCEPTANCE CORP (0000108385) (Subject)

      2/13/24 5:17:33 PM ET
      $WRLD
      Finance: Consumer Services
      Finance

    $WRLD
    Financials

    Live finance-specific insights

    See more
    • World Acceptance Corporation Reports Fiscal 2025 Fourth Quarter Results

      World Acceptance Corporation (NASDAQ:WRLD) today reported financial results for its fourth quarter of fiscal 2025. Fourth fiscal quarter highlights During its fourth fiscal quarter, World Acceptance Corporation achieved improved earnings driven by an increase in our tax preparation revenue. The quarter also benefited from a partial forfeiture of our performance-based restricted shares granted in 2018 that had a $16.35 earnings per share (EPS) performance target (the $16.35 Performance Shares). The forfeiture of such shares resulted in a $2.8 million after tax release of share based compensation expense, resulting in EPS of $16.36 per diluted share on a rolling four-quarter basis. Prior to

      4/29/25 7:30:00 AM ET
      $WRLD
      Finance: Consumer Services
      Finance
    • World Acceptance Corporation Announces Fourth Quarter 2025 Conference Call on the Internet

      World Acceptance Corporation (NASDAQ:WRLD) will provide an online, real-time webcast and rebroadcast of its fourth quarter conference call to be held on Tuesday, April 29. The earnings release will be issued prior to the call. The live broadcast of World Acceptance Corporation's conference call will be available online at WRLD 4Q25 Webcast on April 29 beginning at 10:00 a.m. (Eastern Time). The online replay will follow immediately and continue for 30 days. About World Acceptance Corporation (World Finance) Founded in 1962, World Acceptance Corporation (NASDAQ:WRLD), is a people-focused finance company that provides personal installment loan solutions and personal tax preparation and fil

      4/22/25 11:00:00 AM ET
      $WRLD
      Finance: Consumer Services
      Finance
    • World Acceptance Corporation Reports Fiscal 2025 Third Quarter Results

      World Acceptance Corporation (NASDAQ:WRLD) today reported financial results for its third quarter of fiscal 2025. Third fiscal quarter highlights During its third fiscal quarter, World Acceptance Corporation achieved improved loan growth while continuing to focus on credit quality. Management believes that continuing to carefully invest in our best customers and closely monitoring performance has strengthened the Company's financial position and positioned us well for the remainder of the fiscal year. Highlights from the third quarter include: Increase in total revenues to $138.6 million, including a 208 basis point yield increase compared to the same quarter in the prior year

      1/28/25 7:30:00 AM ET
      $WRLD
      Finance: Consumer Services
      Finance

    $WRLD
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • World Acceptance Corporation Reports Fiscal 2025 Fourth Quarter Results

      World Acceptance Corporation (NASDAQ:WRLD) today reported financial results for its fourth quarter of fiscal 2025. Fourth fiscal quarter highlights During its fourth fiscal quarter, World Acceptance Corporation achieved improved earnings driven by an increase in our tax preparation revenue. The quarter also benefited from a partial forfeiture of our performance-based restricted shares granted in 2018 that had a $16.35 earnings per share (EPS) performance target (the $16.35 Performance Shares). The forfeiture of such shares resulted in a $2.8 million after tax release of share based compensation expense, resulting in EPS of $16.36 per diluted share on a rolling four-quarter basis. Prior to

      4/29/25 7:30:00 AM ET
      $WRLD
      Finance: Consumer Services
      Finance
    • World Acceptance Corporation Announces Fourth Quarter 2025 Conference Call on the Internet

      World Acceptance Corporation (NASDAQ:WRLD) will provide an online, real-time webcast and rebroadcast of its fourth quarter conference call to be held on Tuesday, April 29. The earnings release will be issued prior to the call. The live broadcast of World Acceptance Corporation's conference call will be available online at WRLD 4Q25 Webcast on April 29 beginning at 10:00 a.m. (Eastern Time). The online replay will follow immediately and continue for 30 days. About World Acceptance Corporation (World Finance) Founded in 1962, World Acceptance Corporation (NASDAQ:WRLD), is a people-focused finance company that provides personal installment loan solutions and personal tax preparation and fil

      4/22/25 11:00:00 AM ET
      $WRLD
      Finance: Consumer Services
      Finance
    • World Acceptance Corporation Reports Fiscal 2025 Third Quarter Results

      World Acceptance Corporation (NASDAQ:WRLD) today reported financial results for its third quarter of fiscal 2025. Third fiscal quarter highlights During its third fiscal quarter, World Acceptance Corporation achieved improved loan growth while continuing to focus on credit quality. Management believes that continuing to carefully invest in our best customers and closely monitoring performance has strengthened the Company's financial position and positioned us well for the remainder of the fiscal year. Highlights from the third quarter include: Increase in total revenues to $138.6 million, including a 208 basis point yield increase compared to the same quarter in the prior year

      1/28/25 7:30:00 AM ET
      $WRLD
      Finance: Consumer Services
      Finance

    $WRLD
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SVP, Human Resources Caulder Alice Lindsay sold $151,500 worth of shares (1,010 units at $150.00), decreasing direct ownership by 9% to 10,315 units (SEC Form 4)

      4 - WORLD ACCEPTANCE CORP (0000108385) (Issuer)

      5/22/25 11:15:10 AM ET
      $WRLD
      Finance: Consumer Services
      Finance
    • Officer Umstetter Luke J. was granted 8,640 shares and covered exercise/tax liability with 3,953 shares, increasing direct ownership by 32% to 19,285 units (SEC Form 4)

      4 - WORLD ACCEPTANCE CORP (0000108385) (Issuer)

      4/29/25 4:01:18 PM ET
      $WRLD
      Finance: Consumer Services
      Finance
    • President and CEO Prashad R Chad was granted 22,464 shares and covered exercise/tax liability with 6,863 shares, increasing direct ownership by 37% to 57,584 units (SEC Form 4)

      4 - WORLD ACCEPTANCE CORP (0000108385) (Issuer)

      4/29/25 3:59:47 PM ET
      $WRLD
      Finance: Consumer Services
      Finance