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Dec 31, 2020
World Acceptance Q3 2021 Earnings Report
Net income and EPS increased significantly, while revenues decreased due to lower loan volume.
Key Takeaways
World Acceptance Corporation reported a net income of $14.5 million for the third quarter of fiscal year 2021, a significant increase compared to the loss of $6.3 million in the same quarter of the previous year. EPS increased to $2.25 from a loss of $0.87 per share. Total revenues decreased by 10.9% to $130.9 million. The company's performance benefited from an improved operating environment and a decrease in the provision for credit losses.
Net income increased by $20.8 million to $14.5 million compared to a loss of $6.3 million in the same quarter of the prior year.
Net income per diluted share increased to $2.25 compared to a loss of $0.87 per share for the same quarter of the prior year.
Total revenues decreased by 10.9% to $130.9 million from $147.0 million in the same quarter of the prior year.
Gross loans outstanding decreased to $1.26 billion, a 7.9% decrease from the $1.37 billion of gross loans outstanding as of December 31, 2019.
World Acceptance
World Acceptance
World Acceptance Revenue by Segment
Revenue by Segment
Interest and Fee Income Revenue
CapyFin.com Forward Guidance
The press release does not contain any forward guidance.