World Acceptance Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported total revenues of $153,647,000 compared to $160,493,000 a year ago. Income before income taxes was $28,734,000 compared to $36,533,000 a year ago. Net income was $10,245,000 or $2.01 diluted per share compared to $22,954,000 or $2.10 diluted per share a year ago. Return on average assets was 11.2% compared to 12.1% a year ago. Return on average equity was 33.2% compared to 30.0% a year ago. The third quarter's growth rate in loans reflected lower loan demand from U.S. operations and continued the trend seen during the first half of the year. The results for the third fiscal quarter were negatively affected by a change in the exchange rate with the Mexican peso and an increase in delinquencies in the Guerrero region of Mexico where offer payroll deduct product.

For the nine months, the company reported total revenues of $456,514,000 compared to $455,722,000 a year ago. Income before income taxes was $99,199,000 compared to $107,689,000 a year ago. Net income was $62,139,000 or $6.64 diluted per share compared to $67,631,000 or $5.98 diluted per share a year ago. Return on average assets was 11.1% compared to 12.1% a year ago. Return on average equity was 33.2% compared to 30.0% a year ago.

The net charge-off rate for the third quarter of fiscal 2015 decreased slightly as a percent of net loans on an annualized basis from 15.7% for the three-months ended December 31, 2013 to 15.5% for the three-months ended December 31, 2014.