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Jun 30, 2023
World Acceptance Q1 2024 Earnings Report
World Acceptance Corporation's financial performance improved, marked by increased net income and strategic focus on credit quality.
Key Takeaways
World Acceptance Corporation reported a net income of $9.5 million, a significant increase from the prior year's net loss of $8.6 million. The company focused on credit quality and conservative lending, while total revenues decreased by 11.8% to $139.3 million.
Net income increased to $9.5 million compared to a net loss in the same quarter last year.
Diluted net income per share reached $1.62, up from a net loss per share.
Recency delinquency on accounts 90+ days past due improved to 3.5% from 4.1% in the prior year.
Gross loans outstanding increased slightly from the previous quarter but decreased year-over-year.
World Acceptance
World Acceptance
World Acceptance Revenue by Segment
Revenue by Segment
Interest and Fee Income Revenue
CapyFin.com Forward Guidance
The company did not provide any forward guidance in the earnings report.