The following is a summary of the World Acceptance Corporation (WRLD) Q4 2024 Earnings Call Transcript:

Financial Performance:

• World Acceptance Corporation experienced an 8.1% decrease in portfolio size for the fiscal year.

• Improvement was seen in delinquency rates with a 9% drop in 60-day rates and an 11% decrease in 90-day rates.

• Net charge-off rate improved by over 500 basis points in comparison to the previous fiscal year, signaling strong financial behavior.

• Despite a smaller portfolio, the company witnessed increased loan volumes by 7% this quarter relative to Q4 of the previous year and maintained a conservative 1.2 to 1 debt-to-equity ratio at year end.

• Lower interest expenses were recorded for this final quarter compared to fiscal year 2023.

Business Progress:

• The company has aimed to build a sturdy portfolio base with enhanced credit quality.

• Despite a portfolio reduction performed, the customer base consistency was largely maintained with just a 1.5% decrease.

• Improved credit quality brought better performance in first payment defaults.

• The company plans for long-term incentive plans with vesting tiers of $16.35 and $20.45 earnings per share.

• Plans are to return to modest growth while continuing to lower delinquency and net charge-offs, with close monitoring of these aspects in the first several quarters of fiscal year 2025.

More details: World Acceptance IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.