World Acceptance Q1 net income rises to $9.9M ($1.79 EPS); revenue falls 7% to $129.5M

WORLD ACCEPTANCE CORP

2024-Q1 EPS reported $1.79 revenue$129,527,266

Net income $9.9M vs $9.5M YoY; diluted EPS $1.79 vs $1.62.
Total revenues $129.5M, down 7.0% from $139.3M; interest & fee income $111.2M (-4.7%).
Gross loans $1.275B, down 8.8% YoY; customer base decreased 2.6% (vs 14.8% decline prior year).
Net charge-offs $38.7M, down from $42.8M; provision $45.4M vs $46.6M.
G&A expenses $61.4M, down 9.9% YoY; debt/equity improved to 1.2:1; repurchased $11.1M stock.

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