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Stock impact report

World Acceptance Corporation Reports Fiscal 2024 Fourth Quarter Results

World Acceptance Corporation (WRLD) 
Last world acceptance corporation earnings: 1/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: loansbyworld.com/about-us/investors
Company Research Source: Business Wire
GREENVILLE, S.C.--(BUSINESS WIRE)--World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its fourth quarter of fiscal 2024 and twelve months ended March 31, 2024.Fourth fiscal quarter highlightsDuring its fourth fiscal quarter, World Acceptance Corporation continued to focus on credit quality and a conservative approach to its lending operations. Management believes that continuing to carefully invest in our best customers and closely monitoring performance has put the Company in a strong position throughout the fiscal year and should continue to well-position the Company for fiscal 2025.Highlights from the fourth quarter include:Net income of $35.1 millionDiluted net income per share of $6.09Recency delinquency on accounts 90+ days past due improved to 3.1% at March 31, 2024, from 3.5% at March 31, 2023Total revenues of $159.3 million, including a 34 basis point yield increase compared to the same quarter in the prior yearPortfolio resultsGross loans ou Show less Read more
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