World Acceptance Corporation reported financial results for its second quarter of fiscal 2027, which ended on September 30, 2026. The company announced a net income of $8.8 million, or $1.92 per diluted share, for the quarter. This figure represents a significant increase compared to the prior fiscal year, where the company recorded a net loss of $1.7 million, or $0.33 per diluted share.
Total revenues for the quarter increased to $139.2 million, a 3.2% rise from the $134.8 million reported in the same period of the prior year. This revenue growth was driven by a 3.6% increase in interest and fee income to $123.3 million. However, insurance income saw a slight decrease to $11.6 million from $11.9 million in the prior year.
The company also noted improvements in its loan portfolio quality. Loans that were 0 to 60 days past due decreased to 18.9% as of September 30, 2026, down from 20.0% in the prior year. Similarly, loans that were 61 days or more past due decreased to 5.4% from 5.8% in the prior year.
World Acceptance Corporation repurchased 133,199 shares of its common stock during the quarter, representing 3.0% of its outstanding shares, at an aggregate purchase price of approximately $25.0 million. The company reported that it has approximately $25.0 million in remaining repurchase capacity under its current program.
For the six-month period ended September 30, 2026, the company reported net income of $14.9 million, or $3.25 per diluted share, compared to a net loss of $0.1 million in the prior year. Total revenues for the first six months of fiscal 2027 increased 4.0% to $278.4 million.
