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Jun 30, 2021
World Acceptance Q1 2022 Earnings Report
Reported an increase in revenue and net income compared to the same quarter of the prior year, driven by growth in loan portfolio and insurance income.
Key Takeaways
World Acceptance Corporation reported a 4.7% increase in total revenues to $129.7 million and a slight increase in net income to $15.8 million for the first quarter of fiscal year 2022. The company experienced significant loan growth and a decrease in net charge-off rate and delinquency compared to the same quarter of the prior year.
Loans outstanding increased by 14.5% year-over-year, reaching $1.22 billion.
Total revenues grew by 4.7% compared to the same quarter of the previous year, amounting to $129.7 million.
Net income saw a slight increase of $0.3 million, totaling $15.8 million.
Net charge-off rate and delinquency decreased significantly from the same quarter in the prior year.
World Acceptance
World Acceptance
World Acceptance Revenue by Segment
Revenue by Segment
Interest and Fee Income Revenue
CapyFin.com Forward Guidance
This press release does not contain any forward guidance. It only discusses the results for the first quarter of fiscal year 2022.