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Dec 31, 2021
World Acceptance Q3 2022 Earnings Report
Experienced exceptional growth in loan balances and customer base, but net income decreased due to increased provision for credit losses.
Key Takeaways
World Acceptance Corporation reported a 13.5% increase in total revenues to $148.6 million for the third quarter of fiscal year 2022. However, net income decreased by $7.2 million to $7.3 million, primarily due to a significant increase in the provision for credit losses related to loan growth and increased delinquency.
Gross loans outstanding increased by $211.3 million, or 15.1%, to $1.61 billion.
Total revenues increased by 13.5% to $148.6 million.
Net income decreased by $7.2 million to $7.3 million.
Net income per diluted share decreased to $1.14.
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.com Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income