WORLD ACCEPTANCE CORP — Form 8-K
Filed October 23, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
World Acceptance Corporation reported Q2 FY2027 net income of $8.8M ($1.92/diluted share) versus a net loss of $1.7M ($0.33 loss/share) in Q2 FY2026. Total revenues increased 3.2% to $139.2M; interest and fee income rose 3.6% to $123.3M. The company repurchased 133,199 shares (3.0% of outstanding) for $25.0M in the quarter. Loan portfolio remained relatively flat at $1.319B (+0.3% YoY); delinquency metrics improved (0-60 days past due: 20.0% to 18.9%; 61+ days: 5.8% to 5.4%). Provision for credit losses decreased $3.8M to $46.0M. Six-month net income was $14.9M versus prior-year loss of $0.1M; adjusted net income excluding $3.6M after-tax CEO transition costs was $18.5M.
Why this rating
Turnaround from loss to profit is positive, but loan growth flat/customer base down 5.4% YoY signals headwinds. 3% share repurchase is meaningful (material cash use), yet portfolio stagnation and tightened underwriting offset gains.
See more from October 23, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.