secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001157523-22-000565
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WRLD Q4 FY2022 EPS $2.97 vs $6.96 YoY; net income $18.4M down $26.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000115752322000565/0001157523-22-000565-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000115752322000565/a52708776.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000565

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