Loading...
•
Dec 31, 2023
World Acceptance Q3 2024 Earnings Report
World Acceptance Corporation reported an increase in net income and diluted net income per share, but a decrease in total revenues for Q3 2024.
Key Takeaways
World Acceptance Corporation reported a net income of $16.7 million, a diluted net income per share of $2.84, and total revenues of $137.7 million for the third quarter of fiscal year 2024. The company focused on credit quality and conservative lending, which management believes will position the company strongly, despite the uncertain economic environment.
Net income increased to $16.7 million compared to $5.8 million for the same quarter of the prior year.
Diluted net income per share increased to $2.84 compared to $0.99 for the same quarter of the prior year.
Total revenues decreased to $137.7 million, a 6.0% decrease from $146.5 million for the same quarter of the prior year.
Recency delinquency on accounts 90+ days past due improved from 4.9% to 3.7%.
World Acceptance
World Acceptance
World Acceptance Revenue by Segment
Revenue by Segment
Interest and Fee Income Revenue
CapyFin.com