World Acceptance Corporation delivered robust growth in its customer portfolio during Q3 fiscal 2026, reporting a 25% year-over-year increase in new customer outstanding ledger and a 5.4% expansion in its organic customer base. The company resumed its targeted growth strategy by selectively onboarding higher-quality borrowers, lifting new customers’ share of the portfolio from 6.4% to 9.9% over the past 15 months. Gross loans outstanding climbed 1.5% to $1.40 billion, while same-store loan balances at branches open at least one year rose 2.5%. Loan origination volume for new customers jumped 16.6%, and refinance volume was up 8.0% compared with the prior-year quarter.

Interest, fee and insurance income grew by $3.6 million, or 2.7%, driven by an 84 basis-point improvement in gross yield. Total revenues reached $141.3 million, up 1.9% from Q3 of fiscal 2025. Insurance income held steady at $12.5 million, while interest and fee income increased to $126.0 million. Other income declined 25.5% to $2.8 million, reflecting lower ancillary service fees. The large-loan segment’s share of the portfolio contracted from 48.2% to 43.5%, underscoring the shift toward higher-yield, smaller balance credits.

The company recorded a net loss of $0.9 million, or $0.19 per diluted share, versus net income of $13.4 million, or $2.45 per share, in the year-ago quarter. The loss reflected a $7.3 million increase in the CECL provision for credit losses—primarily to support the influx of newly underwritten loans—and a $5.0 million rise in share-based compensation expense. Net charge-offs rose by $4.2 million to $46.6 million, equal to an 18.7% annualized rate. World Acceptance reduced its share count by 11% through ongoing repurchases and expects incentive compensation expenses to moderate in coming quarters as temporary staffing adjustments reverse.