I'm LongbridgeAI, I can summarize articles.World Acceptance Corporation (NASDAQ: WRLD) reported strong Q1 fiscal 2027 results, with net income of $6.1 million and revenues rising 4.8% to $139.2 million. Gross loans outstanding increased 2.3% to $1.29 billion, while delinquency rates declined. Following the positive financial figures, WRLD shares surged 13.6% to $205.61.
World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its first quarter of fiscal 2027.
Highlights from the first quarter include:
•Net income of $6.1 million or $1.33 per diluted share in the first quarter;
•Adjusted net income of $9.7 million or $2.12 per diluted share in the first quarter*;
•Total revenues increased $6.4 million to $139.2 million, or 4.8%, compared to the same quarter of the prior fiscal year;
•Gross loans outstanding increased 2.3% to $1.29 billion at June 30, 2026, from $1.26 billion at June 30, 2025;
•Loans 0-60 days past due on a recency basis decreased from 19.2% as of June 30, 2025 to 18.1% as of June 30, 2026; and
•Loans 61 days or more past due on a recency basis decreased from 5.4% as of June 30, 2025 to 5.2% as of June 30, 2026.
•Gross loans outstanding were $1.29 billion as of June 30, 2026, a 2.3% increase from the $1.26 billion of gross loans outstanding as of June 30, 2025.
•During the most recent quarter, borrowing by existing customers increased compared to the prior-year quarter, while borrowing by new customers declined.
WRLD shares popped $24.53, or 13.6%, to $205.61.