secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2023-07-21T23:59:59+00:00
Accession:  0001157523-23-001121
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 Q1 FY2024 net income $9.5M, EPS $1.62; revenue down 11.8% YoY
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- Net income of $9.5M vs net loss $8.6M in Q1 FY2023; diluted EPS $1.62 vs ($1.49).
- Total revenues $139.3M, down 11.8% from $157.9M; interest/fee income down 10.4%.
- Gross loans $1.40B, down 14.9% YoY but up 0.6% sequentially from March 2023.
- Provision for credit losses $46.6M vs $85.8M; net charge-offs $42.8M vs $64.4M, annualized NCO rate 16.9% vs 22.3%.
- Recency delinquency 90+ days improved to 3.5% from 4.1% YoY; 61+ days improved to 5.6% from 6.9%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000115752323001121/0001157523-23-001121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000115752323001121/a53471336.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001121

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