Oct 23, 7:35 AM ET
World Acceptance Corporation reported fiscal 2027 second quarter results for the three months ended September 30, 2026, swinging to net income of $8.8 million, or $1.92 per diluted share, from a net loss of $1.7 million a year earlier. Total revenues rose 3.2% to $139.2 million, and the provision for credit losses fell to $46.0 million, while gross loans were roughly flat year over year at $1.319 billion.
- Q2 net income of $8.8 million, or $1.92 per diluted share, versus a net loss of $1.7 million, or $0.33 per diluted share, a year earlier
- Total revenues increased 3.2% to $139.2 million; net charge-offs rose to 17.6% of average net loans on an annualized basis from 17.1%
- Company repurchased 133,199 shares for approximately $25.0 million in the quarter; about $25.0 million remained under the current repurchase program as of September 30, 2026
- Six-month results included $4.8 million in expense related to the CEO transition; adjusted net income was $18.5 million, or $4.05 per diluted share
Read the filing on SEC.gov ↗
Sep 21, 7:35 AM ET
World Acceptance Corporation appointed John L. Calmes Jr., its executive vice president, chief financial and strategy officer and treasurer, as president and chief executive officer effective September 21, 2026. The filing sets his employment terms, including a $600,000 base salary and a guaranteed $300,000 bonus for fiscal 2027, and designates Scott McIntyre as principal financial officer for SEC reporting. The company said business through two and a half months of the second fiscal quarter is producing results similar to the first quarter.
- Calmes succeeds the prior leadership effective September 21, 2026; he joined the company in December 2013 and has served as CFO and Treasurer since then, with the title of executive vice president since October 2018.
- Employment agreement: $600,000 base salary, annual bonus opportunity up to 100% of base salary, guaranteed $300,000 bonus for fiscal 2027, and an additional long-term equity grant valued at $500,000.
- Scott McIntyre, senior vice president of accounting, is designated principal financial officer for SEC reporting effective September 21, 2026, with no change to his compensation.
- J. Tobin Turner, executive vice president and chief operating officer, is replaced as principal executive officer for SEC reporting purposes.
Read the filing on SEC.gov ↗
Jul 24, 7:35 AM ET
World Acceptance reported fiscal 2027 first-quarter results for the period ended June 30, 2026. Net income rose to $6.1 million, or $1.33 per diluted share, from $1.6 million, or $0.30, a year earlier, after a $4.6 million CEO transition expense, and revenue grew 4.8% to $139.2 million.
- Total revenues rose 4.8% to $139.2 million from $132.8 million a year earlier.
- Provision for credit losses fell to $43.8 million from $50.5 million; new customer loan volume fell 40.1%.
- Adjusted net income, which excludes the after-tax CEO transition expense, was $9.7 million, or $2.12 per diluted share.
- Debt outstanding was $572.8 million at June 30, 2026; the company repurchased $2.2 million of stock in the quarter.
Read the filing on SEC.gov ↗
Jul 1, 4:05 PM ET
World Acceptance Corporation entered into an accordion increase under its revolving credit agreement on June 29, 2026, adding a $15.0 million commitment from Investar Bank, National Association. Aggregate lender commitments rose from $640.0 million to $655.0 million, giving the company more borrowing capacity under a routine financing arrangement.
- Accordion increase of $15.0 million from Investar Bank, National Association, dated June 29, 2026
- Aggregate commitments under the revolving credit agreement rose from $640.0 million to $655.0 million
- Company agreed to pay an upfront fee of 0.15% of the Increasing Lender's commitment and issued a $15.0 million revolving credit note
Read the filing on SEC.gov ↗
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