Q2 2022 World Acceptance Corp Earnings Call Transcript
Good morning, and welcome to the World Acceptance Fiscal 2022 Second Quarter Earnings Call. (Operator Instructions) Please note, this event is being recorded.
I would now like to turn the conference over to Chad Prashad, President and Chief Executive Officer. Please go ahead.
Good morning, and thank you for joining our fiscal second quarter 2022 earnings call.
Before we open up to questions, there are a few areas that I'd like to highlight.
First of all, I'm pleased to report that we experienced record originations growth in this most recent quarter. The overall portfolio grew $170 million or 25.7% year-over-year. In fact, it was the largest single quarter growth on record. Further, we experienced this broad growth across all customer types on the strength of a record number of customer applications for credit. In particular, we saw tremendous increases in new and returning customer loan volume when compared to last year or even pre-pandemic levels,
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