secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001437749-24-014252
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

World Acceptance Q4 net income $35.1M ($6.09 diluted); FY net income $77.3M vs $21.2M
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- Net income Q4 $35.1M ($6.09 diluted EPS) vs $24.6M ($4.20) a year ago; FY net income $77.3M ($13.19) vs $21.2M ($3.60).
- Total revenues Q4 $159.3M (-1% YoY); FY revenues $573.2M (-7% YoY) reflecting lower loan balances.
- Provision for credit losses fell to $29.3M from $45.4M; net charge-offs dropped to $47.4M from $64.4M.
- Gross loans outstanding $1.28B (-8.1% YoY); recency delinquency 90+ days improved to 3.1% from 3.5%.
- Repurchased 146,436 shares for $19M in Q4; debt-to-equity improved to 1.2:1 from 1.6:1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000143774924014252/0001437749-24-014252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000143774924014252/wrld20240501_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014252

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