secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0001437749-24-023512
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000143774924023512/0001437749-24-023512-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000143774924023512/wrld20240724_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023512

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