World Acceptance Corporation (NASDAQ:WRLD) Q1 2025 Earnings Conference Call July 26, 2024 10:00 AM ET Company Participants Chad Prashad - President and CEO Johnny Calmes - Chief Financial and Strategy Officer Conference Call Participants John Rowan - Janney Guy Riegel - Ingalls & Snyder Operator Good morning, and welcome to World Acceptance Corporation's First Quarter 2025 Earnings Conference Call. This call is being recorded. At this time, all participants have been placed in a listen-only mode. Before we ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. World Acceptance (WRLD) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.62 per share a year ago. These figures are adjusted for non-recurring items. World Acceptance, which belongs to the Zacks Financial - Consumer Loans industry, posted revenues of $129.53 million for the quarter ended June 2024, missing the Zacks Consensus ...

Exhibit 99.1 NEWS RELEASE For Immediate Release Contact:John L. Calmes, Jr. Executive VP, Chief Financial & Strategy Officer, and Treasurer (864) 298-9800 GREENVILLE, S.C. (July 26, 2024) - World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its first quarter of fiscal 2025. WORLD ACCEPTANCE CORPORATION REPORTS FISCAL 2025 FIRST QUARTER RESULTS First fiscal quarter highlights During its first fiscal quarter, World Acceptance Corporation continued to focus on credit quality and a ...

Branch Operations - As of March 31, 2024, the company had 1,048 branches across 16 states, having opened 3 new branches and merged 28 branches during fiscal 2024[17] - The company may merge branches on a case-by-case basis based on profitability and operational efficiency[17] - The company plans to continue expanding operations in existing markets and potentially enter new states based on demographic profiles and regulatory environments[17] - The company’s ability to expand is contingent upon obtaining necessary regulatory approvals and identifying suitable locations for new branches[19] - As of March 31, 2024, the company had 1,048 branches across 16 states, with over 100 branches located in Texas and Georgia[17] - In fiscal 2024, the company opened 3 new branches and merged 28 branches into existing ones due to insufficient returns or for efficiency reasons[17] Financial Performance - Interest and fee income from installment loans accounted for 81.7% of total revenues in fiscal 2024, with an average annual percentage rate of 47.5% for the loan portfolio[20] - The company prepared approximately 83,000 tax returns in fiscal 2024, generating net revenue of approximately $29.5 million from tax preparation services[27] - The captive insurance subsidiary reinsured approximately 12.6% of the credit insurance sold, contributing approximately $2.9 million to total revenue in fiscal 2024[24] - The Company reported a total of 670,160 loans with an average gross loan balance of $1,906, resulting in a total gross loan balance of $1,277,149,000 as of March 31, 2024[29] - Loan originations for fiscal 2024 included 67.3% refinancings of existing loans, compared to 71.4% in fiscal 2023 and 63.9% in fiscal 2022[33] - Approximately 18.8% of the Company's loans in fiscal 2024 were generated through new loans to previous customers, up from 16.9% in fiscal 2023[35] - The Company experienced significant seasonal fluctuations, with the highest loan demand typically occurring from October to December[30] - Advertising expenses as a percentage of revenue were approximately 1.7% in fiscal 2024, compared to 1.0% in fiscal 2023 and 3.1% in fiscal 2022[40] Loan Portfolio - The company offers small loans with amounts ranging from $250 to $2,450 and large loans from $2,500 to $32,400, with terms generally from 6 to 14 months[21] - As of March 31, 2024, 46.5% of gross loans receivable had annual percentage rates of 0 to 36%, while 53.5% had rates greater than 36%[21] - The Company operates in states where it can garnish wages for loan repayment, but generally does not resort to litigation for collections[36] - The Company has a proprietary credit score system to evaluate potential customers, focusing on attributes like payment history and outstanding debt[31] - The total number of loans and average gross loan balance varied by state, with Texas having the highest number of loans at 162,542 and an average balance of $1,586[29] Regulatory Environment - The company is subject to extensive regulation, which includes state laws that impose constraints on lending activities and require annual license renewals for branches[54][57] - Regulatory changes, including potential federal legislation, could significantly impact the company's ability to operate profitably, particularly if a national interest rate cap is imposed[66] - The company actively participates in trade associations and lobbying efforts to address changes in consumer credit regulations that could affect its operations[61] - The company faces challenges related to compliance with both state and federal regulations, which could lead to penalties or operational restrictions if not adhered to[62][64] Employee Relations and Diversity - As of March 31, 2024, the company employed 2,872 full and part-time employees, with approximately 2,600 branch-based team members across 16 states[48] - The gender demographics of the team members show 85.38% female and 14.59% male, while the racial demographics include 55.27% White, 20.71% Hispanic or Latino, and 16.08% Black or African American[50] - The company offers a comprehensive suite of benefits, including healthcare, a 401(k) plan with employer matching, and various paid time off programs[51] - The company maintains strong employee relations, with a focus on promoting from within for field leadership positions[47] - The company has a commitment to workplace diversity and inclusion, recognizing the value of different perspectives[49] - The company has a diverse executive team with extensive experience in various financial and operational roles, enhancing its strategic capabilities[52][53] - The company is focused on training and development to increase internal talent pools, which is key to its future success[50] Technology and Operations - The Company has invested in technology for workforce management to enhance operational agility and meet changing business needs[47] - The company maintains an online platform for stakeholders to access financial reports and other relevant information[67]

World Acceptance Corporation (NASDAQ:WRLD) Q4 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Chad Prashad - President and CEO Johnny Calmes - Chief Financial and Strategy Officer Conference Call Participants John Rowan - Janney Operator Good morning, and welcome to the World Acceptance Corporation Fourth Quarter 2024 Earnings Conference Call. This call is being recorded. At this time, all participants have been placed in a listen-only mode. Before we begin, the corporation has re ...

NEWS RELEASE For Immediate Release Contact: John L. Calmes, Jr. Executive VP, Chief Financial & Strategy Officer, and Treasurer (864) 298-9800 GREENVILLE, S.C. (May 2, 2024) - World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its fourth quarter of fiscal 2024 and twelve months ended March 31, 2024. WORLD ACCEPTANCE CORPORATION REPORTS FISCAL 2024 FOURTH QUARTER RESULTS Fourth fiscal quarter highlights During its fourth fiscal quarter, World Acceptance Corporation continued to ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________ Form 10-Q __________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT of 1934 For the transition period from ______________ to ______________ Commission File Number: 000-19599 WORLD ACCEPTANCE C ...

Financial Data and Key Metrics Changes - New customer loan volume increased approximately 22% sequentially from the prior quarter and about 56% compared to last year's third quarter [4] - First pay defaults remain at or below historical norms, indicating improved credit quality performance [5] - Overall new customer application volume has returned to within 1% of pre-COVID levels, with a 30% increase compared to last year's third quarter [6] Business Line Data and Key Metrics Changes - Approval and booking rates have significantly improved from lows in August, with a 22% increase in booked new customer lines sequentially [5] - Return of former customers increased around 6% sequentially and 17% compared to last year's third quarter [6] - Yields for new customers and the overall portfolio continue to improve due to better gross yields and reduced delinquency [7] Market Data and Key Metrics Changes - The company has seen a seasonal adjustment in expected loss rates, with December being the lowest risk quarter historically [10] - The impact of tax refund season on customer behavior remains uncertain, as it is still early in the tax filing process [15] Company Strategy and Development Direction - The company has been tightening credit since April 2021, focusing on improving underwriting and marketing strategies without sacrificing credit quality for growth [20] - Management is cautious about macroeconomic conditions and is not considering loosening credit standards for growth [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the improved credit quality and operating conditions, with expectations of economic stability increasing [7] - The company aims to transition from a conservative growth approach to a more aggressive growth strategy while maintaining prudent credit standards [20] Other Important Information - The company continues to accrue for long-term incentive plans with earnings per share targets of $16.35 and $20.45 by the end of fiscal year 2025 [12] Q&A Session Summary Question: What change in assumptions drove the $10 million provision release? - The reduction is primarily due to seasonal factors, as December is historically the lowest risk quarter [10] Question: How does lifetime loss accounting factor into seasonal trends? - Seasonal factors still influence expected losses at a point in time, affecting reserve levels [11] Question: What are the expectations for tax refund season this year? - It is too early to determine the impact of tax refunds on the customer base [15] Question: What does the future look like for loan metrics in fiscal 2025? - The company expects continued improvement in credit quality and portfolio yields, treating current metrics as the norm going forward [18] Question: What macro trends are being monitored before significant portfolio growth? - The company remains conservative and is focused on maintaining credit quality while cautiously considering growth opportunities [20]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________________ Form 10-Q __________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT of 1934 For the transition period from ______________ to ______________ Commission File Number: 000-19599 WORLD ACCEPTANCE ...

World Acceptance Corporation (NASDAQ:WRLD) Q2 2024 Earnings Conference Call October 20, 2023 10:00 AM ET Company Participants Chad Prashad - President and Chief Executive Officer John Calmes - Executive Vice President, Chief Financial and Strategy Officer Conference Call Participants Vincent Caintic - Stephens Inc. John Rowan - Janney Montgomery Scott LLC Operator Good morning, and welcome to World Acceptance Corporation's Second Quarter 2024 Earnings Conference Call. This call is being recorded. At this ti ...