secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0001437749-24-032063
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WRLD Q2 fiscal 2025 net income $22.1M ($3.99 EPS) vs $16.1M ($2.71 EPS) YoY
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- Total revenues $131.4M, down 4% YoY; interest & fee income $113.9M vs $117.0M.
- Provision for credit losses increased to $46.7M from $40.5M; net charge-offs $41.9M (17.6% annualized).
- G&A expenses fell 26.4% to $46.4M, driven by $18.5M reversal of performance-based share plan expense.
- Gross loans $1.30B, down 6.1% YoY but up 1.7% sequentially; new loan volume up 20.8%.
- Repurchased 85,843 shares for $10M in Q2; debt-to-equity improved to 1.2:1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000143774924032063/0001437749-24-032063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000143774924032063/wrld20241024_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-032063

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