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 (NASDAQ: WRLD), also known as World Finance, is a consumer finance company that reports regularly on its lending, credit performance, and capital decisions. This news page aggregates press releases and market updates that the company issues about its personal installment loan business, credit insurance activities, and personal tax preparation and filing services.
Readers can follow announcements on quarterly and annual financial results, where World Acceptance details trends in gross loans outstanding, customer base changes, delinquency metrics, and net charge-offs under its current expected credit loss (CECL) methodology. These releases often discuss shifts in portfolio mix between large and smaller installment loans, growth among new and former customers, and the performance of customers with different tenure levels.
News items also cover funding and balance sheet developments, such as the entry into a senior secured asset-based revolving credit facility, the establishment of a warehouse facility secured by consumer loan receivables, and redemptions of senior secured notes. The company uses press releases and Form 8-K filings to describe how these arrangements affect its borrowing capacity, interest expense, and capital structure.
Investors can also track capital allocation and governance updates, including share repurchase authorizations and activity, adoption of stock incentive plans, and outcomes of annual shareholder meetings. Management frequently highlights the company’s community-based branch network, its focus on customers who lack ready access to credit, and its approach to assessing customers’ ability to make payments.
By reviewing the WRLD news feed, users can see how World Acceptance communicates changes in its loan portfolio, credit quality, funding arrangements, and shareholder programs over time. This page provides a centralized view of the company’s official announcements and financial commentary.
World Acceptance Corporation (NASDAQ: WRLD) reported its financial results for the fourth quarter and fiscal year ending March 31, 2022. Key highlights include a 37.8% increase in gross loans outstanding, totaling $1.52 billion, and total revenues of $166.3 million, a 13.7% year-over-year rise. However, net income fell to $18.4 million, down $26.5 million from the prior year, reflecting increased provisions for credit losses. Despite these challenges, the customer base grew by 10.1%, indicating strong future growth potential.
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World Acceptance Corporation (NASDAQ: WRLD) will host a fourth quarter conference call on May 5, beginning at 10:00 a.m. Eastern Time. An earnings release will precede the call. The live webcast will be accessible online, and a replay will be available for 30 days thereafter. Founded in 1962, the company is a major player in North America's small-loan consumer finance sector, providing short and medium-term installment loans and financial services, especially to individuals with limited credit access.
Lindsay Caulder, Senior Vice President of Human Resources at World Finance, has been named a finalist for the 2022 CHRO of the Year Award by HRO Today. This recognition highlights her leadership in cultivating a positive workplace culture and promoting employee development. Under her guidance, World Finance has received national accolades as a top workplace in 2021 and 2022. Caulder, a pivotal figure since joining in 2016, played a significant role in aligning the company’s mission and values to its evolving identity. The award winner will be revealed at the HRO Today Forum in May.
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World Acceptance Corporation (NASDAQ: WRLD) reported strong growth in loan balances and customer base for Q3 FY2022, with gross loans outstanding reaching $1.61 billion, a 15.1% quarter-over-quarter increase. Total revenues rose 13.5% year-over-year to $148.6 million. However, net income fell to $7.3 million, a decline of $7.2 million from last year, primarily due to a significant increase in provisions for credit losses. The company also repurchased 93,722 shares during the quarter, reflecting its commitment to shareholder value.
World Acceptance Corporation (NASDAQ: WRLD) will host an online, real-time webcast of its third-quarter conference call on January 25 at 10:00 a.m. Eastern Time. The earnings release will be issued before the call, with an online replay available for 30 days afterward. Founded in 1962 and based in Greenville, S.C., World Acceptance is among North America's largest small-loan consumer finance companies, providing installment loans and related financial products.
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World Finance has been awarded national recognition as a Top Workplace, excelling in Cultural Excellence categories including Empowering Employees and Professional Development. The honors stemmed from anonymous employee surveys evaluating company culture. Additionally, World Finance's Oklahoma branches received the regional Top Workplaces award for the second consecutive year. With over 67 branches and a commitment to enhancing employee experience, World Finance emphasizes competitive benefits and community engagement. The company serves over one million customers annually and has over 1,200 branches across 16 states.
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