World Acceptance reported total revenues of $141.3 million in Q3 fiscal 2026, up 1.9% from $138.6 million a year earlier. Interest and fee income rose 2.9% year-over-year to $126.0 million, driven by an 84 basis-point improvement in gross yields. Insurance income held steady at $12.5 million, while other income declined by $1.0 million, or 25.5%, to $2.8 million. The company’s focus on higher-yielding new‐customer loans contributed materially to the yield expansion, even as the share of large-loan accounts in the portfolio fell to 43.5% from 48.2% a year prior.

Gross loans outstanding increased 1.5% year-over-year to $1.40 billion, marking the second consecutive quarter of growth after a multi-year contraction. Excluding acquisitions, organic growth was 2.5%, and the unique customer base expanded by 4.1% over the twelve months ended December 31, 2025—the largest increase since fiscal 2022. New-customer originations jumped 16.6%, and refinancings rose 8.0%. Delinquencies improved modestly: balances 0–60 days past due declined to 18.1% from 20.0%, and 60+ days past due edged down to 5.6% from 5.7%. The company opened 1,013 branches by quarter-end, with same-store loan growth of 2.5% for mature locations.

The resumption of targeted portfolio growth required an additional $8.0 million provision for credit losses, bringing the Q3 provision to $51.4 million—up $7.3 million versus the prior year. Net charge-offs increased by $4.2 million to $46.6 million, reflecting growth in early-stage accounts. Under CECL, the allowance for credit losses rose to $122.6 million, or 11.8% of net loans receivable, compared with 11.4% twelve months earlier. Management noted that as the newer customer cohort matures, reserve rates and charge-off trends should moderate, supporting improved profitability in fiscal 2027.

During the quarter, the company repurchased shares equivalent to an 11% reduction in its outstanding share count, returning capital to shareholders and bolstering per-share metrics. Incentive compensation expense increased by $5.0 million year-over-year to $5.4 million, reflecting temporary staffing adjustments. Management expects those expenses to decline in upcoming quarters as headcount normalizes, supporting operating leverage as loan yields remain elevated and credit trends stabilize.