Welcome to our dedicated page for World Accep Corporation news (Ticker: WRLD), a resource for investors and traders seeking the latest updates and insights on World Accep Corporation stock.
World Acceptance Corporation (WRLD) provides accessible consumer finance solutions through installment loans, credit insurance, and tax preparation services. This news hub offers investors and financial professionals a centralized source for official corporate communications and market developments.
Track WRLD's latest financial announcements, regulatory updates, and service expansions through verified press releases and earnings reports. Our curated collection includes updates on loan portfolio performance, strategic partnerships, and compliance matters specific to the consumer lending sector.
Key content categories feature quarterly earnings disclosures, leadership changes, product innovations in short-term financing, and operational updates across WRLD's regional markets. Bookmark this page for streamlined access to materials that impact investment decisions in the specialty finance sector.
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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