secwatch.observer — SEC 8-K summary
======================================

Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001157523-23-001511
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WRLD Q2 FY2024 net income $16.1M, EPS $2.71; credit quality improves
--------------------------------------------------------------------

- Net income of $16.1M vs. net loss of $0.6M in Q2 FY2023; diluted EPS $2.71 vs. ($0.11).
- Total revenues down 9.5% to $136.9M; interest and fee income declined 10.4%.
- Gross loans $1.38B, down 13.7% YoY; same-store loans decreased 10.9% over 12 months.
- Net charge-offs as % of avg net loans improved to 16.1% from 23.0% (annualized).
- Recency delinquency 90+ days improved to 3.7% from 5.0%; allowance at 12.8% of net loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000115752323001511/0001157523-23-001511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000115752323001511/a53643736.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001511

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer