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 second quarter fiscal 2022 results, showing a 25.7% increase in loans outstanding to $1.39 billion. Total revenues rose by 10.8% to $137.8 million, driven by an 8.5% increase in interest and fee income. However, net income decreased by $1.0 million to $12.4 million, with earnings per diluted share dropping to $1.94. The company experienced a significant rise in new customer applications, with an 88% increase year-over-year.
World Acceptance Corporation (NASDAQ: WRLD) announced that it will host a second quarter conference call on October 26 at 10:00 a.m. Eastern Time. The call will be available for live streaming, with a replay accessible for 30 days afterwards. The earnings release will precede the call, providing financial insights into the company's performance. World Acceptance, based in Greenville, S.C., is a significant player in the consumer finance sector, offering small loans and related services, particularly to customers with limited access to credit.
World Acceptance Corporation (NASDAQ: WRLD) has priced $300 million in senior notes due 2026 with a 7.0% annual interest rate. The offering will close on or about September 27, 2021, subject to customary conditions. Proceeds will be used to repay outstanding borrowings under its revolving credit facility. The notes are offered to qualified institutional buyers and non-U.S. persons under Securities Act exemptions. This release emphasizes that the offer is not a public solicitation and is issued in accordance with relevant regulations.
World Acceptance Corporation (NASDAQ: WRLD) plans to offer $300 million in senior notes due 2026 through a private offering. The notes will be guaranteed by certain subsidiaries under the existing revolving credit facility. Proceeds will partly be used to repay borrowings under this facility and cover related fees. This offering is limited to qualified institutional buyers and non-U.S. persons, relying on exemptions from the Securities Act. This move reflects the company's strategy to manage its debt effectively.
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World Acceptance Corporation (NASDAQ: WRLD) reported its first fiscal quarter 2022 financial results, showcasing a significant 14.5% increase in loans outstanding at $1.22 billion. Total revenues rose 4.7% to $129.7 million, with net income of $15.8 million, or $2.44 per diluted share, up $0.20 from the previous year. The company also noted a remarkable decrease in net charge-off rate and delinquency. Cash flow from operations reached $197.2 million. Despite a 6.5% decline in the customer base, borrowing demand from existing customers increased significantly as the economy reopened.
World Acceptance Corporation (NASDAQ: WRLD) will host a real-time webcast of its first quarter conference call on July 21 at 10:00 a.m. Eastern Time. An earnings release will precede the call. The live broadcast can be accessed through the company's website, with a replay available for 30 days.
Founded in 1962 and headquartered in Greenville, S.C., World Acceptance is a major small-loan consumer finance provider in North America, offering various financial products to individuals who may struggle to access credit.
World Acceptance Corporation (NASDAQ: WRLD) announced the immediate appointment of two independent directors, Elizabeth Russell Neuhoff and Benjamin Robinson III, expanding its board from five to seven members. Both new directors bring significant expertise in marketing, strategy, and risk management, enhancing the board's capability as the company focuses on improving customer financial wellness. The board search was conducted by Find Great People, a talent acquisition firm. CEO Chad Prashad expressed optimism about the impact of the new members on the company's strategic development.
World Acceptance Corporation (NASDAQ: WRLD) reported its fiscal Q4 results, indicating significant challenges due to the pandemic. Gross loans decreased to $1.10 billion, an 8.7% drop year-over-year. Net income rose to $44.9 million with EPS at $6.96, benefiting from share repurchases. Total revenues fell 10.3% to $146.3 million, with interest income down 9% and tax preparation revenue dropping 20.1%. Operating expenses were reduced significantly, with G&A expenses down 20%. The company noted a 18.8% decrease in its customer base, highlighting ongoing impacts from federal stimulus initiatives.
World Acceptance Corporation (NASDAQ: WRLD) will host a fourth quarter conference call on May 6, 2021, at 10:00 a.m. Eastern Time. The earnings release will precede the call. Investors can access the live broadcast online at this link, with replays available for 30 days after the event. Established in 1962 and based in Greenville, S.C., World Acceptance is a leading provider of small-loan consumer finance solutions, catering to individuals with limited access to credit.