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Sep 30, 2021
World Acceptance Q2 2022 Earnings Report
Second quarter results for fiscal year 2022 were reported, marked by increased revenues and loan growth but a slight decrease in net income.
Key Takeaways
World Acceptance Corporation reported an increase in total revenues and gross loans outstanding, driven by increased borrowing from new, current, and former customers. However, net income and net income per diluted share decreased compared to the same quarter of the prior year, primarily due to an increase in the provision for credit losses.
Gross loans outstanding increased by 25.7% year-over-year, reaching $1.39 billion.
Total revenues increased by 10.8% year-over-year to $137.8 million.
Net income decreased to $12.4 million, compared to $13.4 million in the same quarter of the prior year.
Net income per diluted share decreased to $1.94, compared to $1.96 per share in the same quarter of the prior year.
World Acceptance
World Acceptance
World Acceptance Revenue by Segment
Revenue by Segment
Interest and Fee Income Revenue
CapyFin.comInsurance and Other Income, Net Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income