World Acceptance Shares Rise After 1Q Profit Jumps

Dow Jones
Jul 24
 

Shares of World Acceptance rose after the consumer-finance company posted sharply higher first-quarter profit and said that it has expanded underwriting standards that will boost customer lending.

The stock was up over 14% to $207.07 in recent trading, and is up more than 48% since the start of the year.

The company on Friday posted net income of $6.1 million, or $1.33 a share, compared with $1.6 million, or 30 cents a share, a year earlier.

Revenue rose 4.8% to $139.2 million.

The company said that it expanded underwriting and expects to carefully increase new customer lending in the coming quarters.

At the end of its prior fiscal year, World Acceptance tightening underwriting of new customers at the end of the prior fiscal year, citing macroeconomic uncertainty and the proportion of new customers already in its portfolio. As a result, its customer base decreased 1.9% .

 

Write to Grace Yoon at grace.yoon@wsj.com

 

(END) Dow Jones Newswires

July 24, 2026 11:58 ET (15:58 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10