secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2022-01-25T23:59:59+00:00
Accession:  0001157523-22-000085
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WRLD Q3 net income falls 50% to $7.3M ($1.14 EPS) on provision surge; loan growth 27%
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- Net income $7.3M ($1.14 diluted EPS) vs $14.5M ($2.25) prior year; revenue up 13.5% to $148.6M.
- Gross loans outstanding at Dec 31 $1.61B, up 27% YoY and 15.1% QoQ.
- Provision for credit losses $56.5M, up 95.6% from $28.9M, driven by loan growth and higher delinquency.
- Delinquency (61+ days) rose to 6.4% from 5.2% a year ago; net charge-offs annualized 13.8% vs 11.6%.
- Repurchased 93,722 shares for $19.3M; remaining repurchase capacity $46.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000115752322000085/0001157523-22-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000115752322000085/a52567766.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000085

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