Quarterly ResultJul 24, 2026, 07:41 AM
World Acceptance Q1 Adjusted EPS $2.12; Revenue $139.2M, up 4.8%
AI Summary
World Acceptance Corporation reported its first quarter fiscal 2027 results, with adjusted net income of $9.7 million, or $2.12 per diluted share, and total revenues increasing 4.8% to $139.2 million. Gross loans outstanding grew 2.3% to $1.29 billion, and delinquency rates improved. The quarter included $4.6 million in CEO transition-related expenses, impacting GAAP net income, and the company noted a decrease in new customer loan volume due to tightened underwriting, with plans to carefully increase new customer lending in coming quarters.
Key Highlights
- Adjusted net income was $9.7 million, or $2.12 per diluted share.
- Net income increased to $6.1 million, or $1.33 per diluted share.
- Total revenues rose 4.8% to $139.2 million from $132.8 million.
- Gross loans outstanding increased 2.3% to $1.29 billion.
- Loans 0-60 days past due decreased from 19.2% to 18.1%.
- Provision for credit losses decreased $6.7 million to $43.8 million.
- Net charge-offs decreased $1.5 million to $43.3 million.
- Company repurchased 15,858 shares for approximately $2.2 million.
Price Impact
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