World Acceptance Corporation

World Acceptance reported fiscal 2027 first-quarter adjusted earnings per share of $2.12, supported by higher revenue, lower provision expense, and improved credit metrics. Revenue increased 4.8% year over year, driven by loan portfolio growth and a 91-basis-point rise in interest and insurance yields, while provision expense declined 13.4%. The annualized net charge-off rate improved to 18.2% from 19.2% a year earlier, and front-end delinquency fell to 18.1% from 19.2%. The company tightened credit standards about six months ago and began modestly loosening them about a month ago, but management said its underwriting posture remains conservative amid rising gasoline prices.