World Acceptance Corporation reported a net income of $25.6 million and diluted net income per share of $4.37 for the fourth quarter of fiscal year 2023. Total revenues decreased by 4.6% to $160.8 million compared to the same quarter of the prior year. The company continued to focus on credit quality and carefully invest in its best customers.
Net income increased to $25.6 million.
Diluted net income per share rose to $4.37.
Accounts 90+ days past due significantly decreased to 3.5%.
Total revenues decreased to $160.8 million.
World Acceptance Corporation did not provide specific forward guidance in this earnings report. The company will continue to monitor performance indicators and intends to adjust underwriting accordingly.
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