secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0001437749-25-001945
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

World Acceptance Q3 net income falls to $13.4M ($2.45 EPS) from $16.7M; revenue up 0.6%
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- Total revenues $138.6M (+0.6% YoY); net income $13.4M vs $16.7M prior year.
- Provision for credit losses rose to $44.1M from $40.6M; net charge-offs improved to 17.2% of avg loans from 19.1%.
- Gross loans $1.38B (-1.4% YoY) but up 6.6% sequentially; 90+ day delinquency improved to 3.4% from 3.7%.
- G&A expenses $67.2M (+2.0% YoY); interest expense down 3.4%; debt/equity ratio 1.3:1 vs 1.4:1.
- Nine-month net income $45.5M ($8.23 diluted EPS) vs $42.3M ($7.17) prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000143774925001945/0001437749-25-001945-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000143774925001945/wrld20250127_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-001945

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