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World Acceptance Corporation - WRLD STOCK NEWS

Welcome to our dedicated page for World Acceptance Corporation news (Ticker: WRLD), a resource for investors and traders seeking the latest updates and insights on World Acceptance Corporation stock.

World Acceptance Corp (symbol: WRLD) is headquartered at 113 E 4th St, Ocilla, Georgia, United States. The company operates a comprehensive small-loan consumer finance business, specializing in providing financial solutions tailored to individuals' needs. Their core offerings include short-term small installment loans, medium-term larger installment loans, as well as related credit insurance and ancillary products and services.

World Acceptance Corp also extends its expertise to offer income tax return preparation services to both its loan customers and other clients. The company's mission is to provide accessible financial services that address the immediate and long-term needs of their clientele.

Recent achievements at World Acceptance Corp include a focus on enhancing their product portfolio and expanding their service offerings. Current projects involve developing new customer-friendly financial products and improving the digital experience for users.

Financially, the company maintains a robust position with steady growth in revenue reflecting their strategic initiatives and customer-centric approach. Through effective partnerships and continuous innovation, World Acceptance Corp strives to meet the evolving financial needs of individuals across diverse demographics.

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World Acceptance (NASDAQ:WRLD) has announced its upcoming first quarter 2025 conference call, scheduled for Friday, July 26. The company will provide a real-time webcast and rebroadcast of the call, with the earnings release to be issued prior to the event. The live broadcast will begin at 10:00 a.m. Eastern Time and will be available online. An online replay will be accessible immediately following the call and will remain available for 30 days.

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World Acceptance (NASDAQ: WRLD) reported strong financial results for the fourth quarter of fiscal 2024, showcasing net income of $35.1 million and diluted net income per share of $6.09. The company focused on credit quality and conservative lending practices, resulting in improved recency delinquency rates and total revenues of $159.3 million. Gross loans outstanding decreased by 8.1% to $1.28 billion compared to the prior year. Despite a decrease in the customer base, the company saw an increase in unique borrowers and improved gross loan origination balances. CECL allowance and provision impact decreased, leading to lower net charge-offs and improved recency delinquency rates. G&A expenses and personnel expenses decreased, while the company's debt to equity ratio improved. World Acceptance also repurchased shares and reported a return on average assets and equity of 7.0% and 19.1%, respectively.

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World Acceptance (NASDAQ:WRLD) will host an online webcast of its fourth-quarter conference call on May 2, providing investors with real-time access to the event. The webcast will start at 10:00 a.m. (Eastern Time) and will be available for replay for 30 days.
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World Finance, the parent company of World Acceptance , has been recognized as one of the Most Trustworthy Companies in America 2024 by Newsweek and Statista Inc. The award, announced on March 27, 2024, is based on customer, investor, and employee trust, with companies over $500 million in revenue considered.
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World Acceptance Corporation (NASDAQ: WRLD) reported financial results for its third quarter of fiscal 2024 and nine months ended December 31, 2023. The company focused on credit quality and a conservative approach to lending operations. Net income was $16.7 million with diluted net income per share of $2.84. Recency delinquency on accounts 90+ days past due improved from 4.9% to 3.7%. Total revenues were $137.7 million, including a 180 basis point yield increase. Gross loans outstanding were $1.40 billion, a 9.9% decrease from the prior year. Net income for the third quarter of fiscal 2024 increased to $16.7 million from $5.8 million in the same quarter of the prior year. Total revenues decreased by 6.0% to $137.7 million. Interest and insurance yields increased by 160-180 basis points. G&A expenses increased by 1.5% to $65.91 million. Net income for the nine months ended December 31, 2023, increased to $42.3 million compared to a loss of $3.4 million for the same period of the prior year.
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World Acceptance Corporation (WRLD) will host an online, real-time webcast of its third-quarter conference call on January 19, with the earnings release preceding the call. The live broadcast will be available at WRLD 3Q24 Webcast, starting at 10:00 a.m. (Eastern Time), and the online replay will be accessible for 30 days.
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World Acceptance Corporation reports financial results for Q2 FY 2024 and six months ended September 30, 2023.
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World Acceptance Corporation to provide online webcast of second quarter conference call on October 20
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FAQ

What does World Acceptance Corp specialize in?

World Acceptance Corp specializes in providing short-term and medium-term installment loans, credit insurance, and ancillary services.

Where is World Acceptance Corp located?

The company is headquartered at 113 E 4th St, Ocilla, Georgia, United States.

What additional services does World Acceptance Corp offer?

Apart from loans, the company offers income tax return preparation services to its customers and other individuals.

How does World Acceptance Corp support its customers' financial needs?

The company offers a range of tailored financial products including installment loans and credit insurance to meet immediate and long-term needs.

What recent achievements has World Acceptance Corp made?

Recent achievements include product portfolio enhancement, service expansion, and advancements in digital user experience.

What ongoing projects is World Acceptance Corp involved in?

The company is currently focused on developing new financial products and improving the digital experience for its users.

How does World Acceptance Corp ensure its financial stability?

World Acceptance Corp maintains financial stability through strategic initiatives, customer-centric approaches, and effective partnerships.

Who are the primary customers of World Acceptance Corp?

The company's primary customers include individuals seeking small and medium-term installment loans and related financial services.

What is the mission of World Acceptance Corp?

The mission of World Acceptance Corp is to provide accessible financial services that address the immediate and long-term needs of their clientele.

How does World Acceptance Corp's service portfolio benefit customers?

The company's service portfolio benefits customers by offering financial products that are tailored to their specific needs, ensuring customer satisfaction and support.

World Acceptance Corporation

Nasdaq:WRLD

WRLD Rankings

WRLD Stock Data

807.41M
6.08M
8.22%
87.16%
9.84%
Credit Card Issuing
Finance and Insurance
Link
United States of America
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