First quarter new customer loan volume decreased 74.1% over the same quarter of the prior year, compared to a 4.7% increase in the first quarter of fiscal 2019 over the same quarter of the prior year.Īs of June 30, 2020, we had 1,240 branches open. First quarter former customer loan volume decreased 58.1% over the same quarter of the prior year, compared to a 6.7% increase in the first quarter of fiscal 2019 over the same quarter of the prior year. During the quarter ended June 30, 2020, the number of unique borrowers in the portfolio decreased by 14.0% compared to an increase of 5.6% during the quarter ended June 30, 2019.įirst quarter refinance loan volume decreased 34.2% over the same quarter of the prior year, compared to a 9.8% increase in the first quarter of fiscal 2019 over the prior same period. Our customer base decreased by 14.4% year-over-year as of June 30, 2020, compared to 12.5% growth for the twelve months ended June 30, 2019. While gross loans outstanding decreased during the months of both April and May 2020, it increased in June 2020 as customer demand began to stabilize. This is compared to a 15.1% increase for the comparable period ended June 30, 2019. Gross loans outstanding in the US, decreased to $1.07 billion as of June 30, 2020, a 12.7% decrease from the $1.22 billion of gross loans outstanding as of June 30, 2019. GREENVILLE, S.C.-( BUSINESS WIRE)-World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its first fiscal quarter and three months ended June 30, 2020.įirst quarter results and loan volumes continued to be impacted by the spread of COVID-19 and its related effects, including school and business closures and stay-at-home orders across many states in which we operate.
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