earnings
confidence high
sentiment negative
materiality 0.75
WRLD Q4 FY2022 EPS $2.97 vs $6.96 YoY; net income $18.4M down $26.5M
WORLD ACCEPTANCE CORP
2022-FY EPS reported
$8.47
revenue$582,387,545
- Revenue rose 13.7% to $166.3M on loan growth; gross loans up 37.8% to $1.52B.
- Provision for credit losses surged $51.8M to $57.4M, driving net income decline.
- Net charge-offs annualized 19.4% vs 12.3% YoY; 61+ day delinquency 6.9% vs 4.9%.
- G&A expenses fell 3.6% to $74.6M; G&A/revenue improved to 44.9% from 52.9%.
- Repurchased 300,375 shares for $60.7M in Q4; remaining repurchase capacity ~$48.3M.