WRLD News & Events

Reports Q4 revenue $177.6M vs. $165.3M last year. The company said, "Following a period of economic uncertainty and elevated inflation, the Company took decisive action to tighten underwriting standards dramatically in an effort to manage conservatively through the lending environment and focus on improvement to overall portfolio credit quality. As a result, outstanding balances declined each year from fiscal 2023 to fiscal 2025. During fiscal 2025, however, we shifted strategy to reintroduce targeted portfolio growth. We are pleased to report that for the third consecutive quarter, outstanding loans increased year over year. Excluding acquisitions, organic growth increased 4.9% and our unique customer base grew 3.5% compared to the same quarter last fiscal year. To reverse the prior trend of declining balances while maintaining high credit quality, we had been focused on new customers with higher credit quality and, during the third quarter of fiscal 2026, we increased new customers as a percentage of the portfolio from 6.4% as of September 30, 2024 to 9.9% as of December 31, 2025. While these new customers continue to perform well, new customers carry a substantially higher reserve for loan losses under our allowance methodology than existing customers. Having increased the new customer funnel for several consecutive quarters, we are now in a position to decelerate new customer growth and focus on overall portfolio health while allowing these new customers to season. As of March 31, 2026, new customers decreased to 8.2% as the portfolio begins to mature. We expect that our portfolio will continue to deliver results in the coming fiscal year as we pursue growth with a lower proportion of new customers. As the customer base matures and growth becomes more broadly distributed across customer types, we anticipate lower charge-offs, reduced reserve rates, and improved profitability."

World Acceptance Corporation announced that its board of directors has appointed former CEO Janet Matricciani as interim president and CEO. Ms. Matricciani's hiring follows the resignation of R. Chad Prashad as president and CEO and a member of the board to pursue other opportunities. The board has initiated a search to identify a permanent replacement.

In a regulatory filing, World Acceptance Corporation disclosed that the board of directors of the company approved a share repurchase program authorizing the company to repurchase up to $50.0M of its outstanding common stock inclusive of any amount that remains available for repurchase under prior repurchase authorizations. "The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements, available funds, alternative uses of capital, restrictions under the Revolving Credit Agreement, and other market and economic conditions. The company's stock repurchase program may be suspended or discontinued at any time," the filing noted.

Reports Q3 revenue $141.25M vs. $138.63M last year. The company said, "Following the pandemic, the Company made the strategic decision to tighten underwriting standards dramatically in an effort to manage conservatively through the uncertainty and improve the credit quality of our portfolio. One consequence of this decision was that our outstanding balances decreased each year from fiscal 2023 to fiscal 2025. During fiscal 2025, we made the decision to resume a strategy of targeted growth in the portfolio."