secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2021-10-26T23:59:59+00:00
Accession:  0001157523-21-001253
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000115752321001253/0001157523-21-001253-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000115752321001253/a52514855.htm
  HTML page:      https://secwatch.observer/filing/0001157523-21-001253

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