World Acceptance Corp (FRA:WOA)
€ 111 -1 (-0.89%) Market Cap: 659.84 Mil Enterprise Value: 1.21 Bil PE Ratio: 8.33 PB Ratio: 1.67 GF Score: 73/100
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Q2 2022 World Acceptance Corp Earnings Call Transcript

Oct 26, 2021 / 02:00PM GMT
Release Date Price: €178 (+2.89%)
Operator

Good morning, and welcome to the World Acceptance Fiscal 2022 Second Quarter Earnings Call. (Operator Instructions) Please note, this event is being recorded.

I would now like to turn the conference over to Chad Prashad, President and Chief Executive Officer. Please go ahead.

Ravin Chad Prashad
World Acceptance Corporation - President, CEO & Director

Good morning, and thank you for joining our fiscal second quarter 2022 earnings call.

Before we open up to questions, there are a few areas that I'd like to highlight.

First of all, I'm pleased to report that we experienced record originations growth in this most recent quarter. The overall portfolio grew $170 million or 25.7% year-over-year. In fact, it was the largest single quarter growth on record. Further, we experienced this broad growth across all customer types on the strength of a record number of customer applications for credit. In particular, we saw tremendous increases in new and returning customer loan volume when compared to last year or even pre-pandemic levels,

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