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Mar 31, 2021
World Acceptance Q4 2021 Earnings Report
World Acceptance Corporation's Q4 earnings increased due to decreased expenses and reduced charge-offs, despite lower revenues impacted by federal stimulus.
Key Takeaways
World Acceptance Corporation reported a significant increase in net income for the fourth quarter of fiscal year 2021, driven by reduced operating expenses and lower provision for credit losses. However, total revenues decreased due to the impact of federal stimulus on loan demand and customer behavior.
Net income increased by $21.6 million to $44.9 million compared to the same quarter of the prior year.
Net income per diluted share increased to $6.96 compared to $3.18 in the same quarter of the prior year.
Total revenues decreased by 10.3% to $146.3 million from $163.0 million in the same quarter of the prior year.
Gross loans outstanding decreased to $1.10 billion as of March 31, 2021, an 8.7% decrease from the same quarter prior year.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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