World Acceptance swings to Q2 FY27 net income of $8.8 million
Bitget2026/10/23 11:34- World Acceptance swung to net income of $8.8 million in its second quarter of FY27 from a year-earlier loss.
- Total revenues rose to $139.2 million from a year earlier, while the provision for credit losses fell 8% to $46 million.
- New-customer loan volume dropped 18% to $51.15 million from a year earlier following tighter underwriting for those borrowers.
- The company has since loosened underwriting and expects to carefully increase new-customer lending in coming quarters.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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