---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-21-001253"
form_type: "8-K"
ticker: "WRLD"
cik: "0000108385"
company_name: "WORLD ACCEPTANCE CORP"
filed_at: "2021-10-26T23:59:59+00:00"
generated_at: "2026-06-28T17:51:35.067745+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# World Acceptance reports Q2 FY2022: loans +25.7% to $1.39B, revenue +10.8% but net income down to $12.4M

## Summary
- Gross loans outstanding rose 25.7% YoY to $1.39B; new customer applications up 88% YoY and 19% above pre-pandemic Q2 2020.
- Net income $12.4M ($1.94 diluted EPS) vs $13.4M ($1.96) a year ago; provision for credit losses increased 61.1% to $42.0M due to loan growth under CECL.
- Net charge-off rate improved to 10.5% annualized from 14.5% a year ago; delinquency (61+ days) rose to 5.0% from 4.5%.
- G&A expenses as % of revenue improved to 54.4% from 60.5%; share repurchases of $10M in Q2 and $100.1M remaining authorization.
- Debt/equity ratio 1.4:1; return on equity (TTM) 22.4%; return on assets 8.6%.

## SEC filing metadata
- accession: 0001157523-21-001253
- form_type: 8-K
- ticker: WRLD
- cik: 0000108385
- company_name: WORLD ACCEPTANCE CORP
- filed_at: 2021-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/108385/000115752321001253/0001157523-21-001253-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/108385/000115752321001253/a52514855.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-21-001253
- JSON: https://secwatch.observer/filing/0001157523-21-001253.json
- Plain text: https://secwatch.observer/filing/0001157523-21-001253.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.