World Acceptance (NASDAQ: WRLD) reported Q1 EPS of $2.24, $2.32 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $123.9 million versus the consensus estimate of $140.67 million.

First quarter highlights:

• Net income of $15.5 million, an 80.2% increase from $8.6 million in Q1 of the prior year
• Net income per diluted share of $2.24, a 130.6% increase from $0.97 per share in Q1 of the prior year
• Gross loans outstanding of $1.07 billion, a 12.7% decrease from $1.22 billion at the end of Q1 of the prior year
• Total revenues of $123.9 million, a 10.5% decrease from $138.4 million in Q1 of the prior year
• COVID-19 related allowance build of $12.9 million, or 13.0%
• Increased demand and loan growth in June
• Amended credit facility to allow more repurchase flexibility

For earnings history and earnings-related data on World Acceptance (WRLD) click here.