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 third quarter of fiscal 2021, ending December 31, 2020. Gross loans outstanding decreased 7.9% year-over-year to $1.26 billion, despite a sequential increase of 14.0%. Net income rose to $14.5 million, compared to a loss of $6.3 million in the same quarter last year, resulting in earnings per share of $2.25. However, total revenues fell 10.9% to $130.9 million. General and administrative expenses decreased by 14.0% to $77.9 million, reflecting improved operational efficiency.
World Acceptance Corporation (NASDAQ: WRLD) will host a third quarter conference call on January 22, 2021, at 10:00 a.m. ET. The earnings release will precede the call. Interested parties can access the live webcast at this link and the replay will be 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 credit-related products.
World Acceptance Corporation (NASDAQ: WRLD) reported its financial results for Q2 and six months ended September 30, 2020. Gross loans outstanding fell to $1.11 billion, a 12.9% decline from $1.27 billion in the prior year, reflecting COVID-19's impact. Net income surged to $13.4 million, up 433.1% year-over-year, resulting in earnings per share of $1.96. Total revenues dropped to $124.4 million, a decrease of 12.1%. Despite challenges, G&A expenses decreased by 4%, and the company generated $174.6 million in free cash flow over the past year.
World Acceptance Corporation (NASDAQ:WRLD) is set to host a second quarter conference call on October 22, 2020, starting at 10:00 a.m. ET. An earnings release will be issued prior to the call, which will be available through a live online webcast. The replay will be accessible for 30 days following the event. Founded in 1962 and based in Greenville, SC, World Acceptance is one of North America's largest small-loan consumer finance companies, providing short and medium-term installment loans along with related financial products.
Motley Rice LLC is investigating potential breaches of fiduciary duty by officers and directors of World Acceptance Corp. (NASDAQ: WRLD). This follows the company's agreement to pay $21.7 million to resolve SEC claims linked to bribery allegations involving its former Mexican subsidiary. The SEC reported that World Acceptance's management undermined internal audit and compliance functions. Shareholders may be concerned about potential legal ramifications and management accountability.
World Acceptance Corporation (NASDAQ: WRLD) will host a conference call on July 30 at 10:00 a.m. ET to discuss its first quarter earnings. The call will be available via a live online webcast, with a replay accessible for 30 days. Founded in 1962 and based in Greenville, S.C., World Acceptance is a major player in the small-loan consumer finance sector in North America, providing short to medium-term loans and related financial products to consumers with limited credit options.