Loading...
•
Sep 30, 2023
World Acceptance Q2 2024 Earnings Report
Net income increased and delinquency rates improved due to focus on credit quality and conservative lending approach.
Key Takeaways
World Acceptance Corporation reported a net income of $16.1 million for the second quarter of fiscal year 2024, a significant improvement from the net loss of $0.6 million in the same quarter of the previous year. Total revenues amounted to $136.9 million, reflecting a decrease of 9.5% compared to the previous year. The company continued its focus on credit quality and conservative lending operations, which management believes will position the company strongly throughout the fiscal year.
Net income increased to $16.1 million.
Diluted net income per share was $2.71.
Recency delinquency on accounts 90+ days past due improved to 3.7% from 5.0% in the prior year.
Total revenues reached $136.9 million, with a 240 basis point yield increase 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 specific forward guidance in this earnings report.