Date of Report (Date of earliest event reported) |
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(Exact name of registrant as specified in its charter)
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code | ( |
n/a
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(Former name or former address, if changed since last report.)
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Emerging growth company
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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☐
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•
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Loan book growth in the two months ended August 31, 2021 was approximately $130.5 million, resulting in an ending consumer loan receivable of
$1.35 billion. For comparison, loan growth in the two months ended August 31, 2019, the comparable period preceding the pandemic, was approximately $44.6 million.
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•
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The annualized net charge-off rate for the two months ended August 31, 2021 was 10.0%, down from 15.2% during the corresponding period in 2020.
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•
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As of August 31, 2021 the average APR of our portfolio declined to 49.7%.
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Exhibit
Number
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Description
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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WORLD ACCEPTANCE CORPORATION
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(Registrant)
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Date: September 21, 2021
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By:
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/s/ John Calmes, Jr.
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John Calmes, Jr.
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Chief Financial and Strategy Officer
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