World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its third fiscal quarter and nine months ended December 31, 2012. The Company’s results highlight the strong demand for its loan product, its ongoing focus on expense control, its close management of credit risks and the contribution from new offices. Net income for the third quarter rose 5.6% to $20.7 million compared to $19.6 million for the same quarter of the prior year. Net income per diluted share increased 21.5% to $1.58 in the third quarter of fiscal 2013 compared to $1.30 in the prior year’s third quarter. This was the Company’s 48 th consecutive year-over-year quarterly increase in diluted earnings per share. Total revenues increased to $149.6 million in the third quarter of fiscal 2013, a 10.1% increase over the $135.9 million reported in the third quarter last year. The primary driver for the growth in revenue was an 11.3% increase in average net loans and the associated growth in interest and fees. Gross loans outstanding increased 11.0% to $1.2 billion at December 31, 2012, up from $1.1 billion at December 31, 2011. Interest and fees rose 11.3% to $130.3 million in the third quarter of fiscal 2013 compared to $117.1 million in the third quarter of fiscal 2012. Sandy McLean, CEO, stated, “The Company’s growth in earnings per share has also benefitted from our ongoing share repurchase program during the current fiscal year. We continue to use our excellent cash flow and strong financial position to fund our growth while repurchasing shares.” Over the past nine months, the Company has repurchased 2,017,677 shares of its common stock, representing a 13.1% decrease in diluted weighted average shares outstanding compared with the third quarter of last fiscal year. Mr. McLean stated, “Our net charge-offs as a percentage of average net loans remained near historical levels at 15.6% on an annualized basis during the latest quarter compared to 15.9% in the third quarter of the prior year.” The Company’s past due loans, as measured by those that are 61+ days delinquent on a contractual basis, remained constant at 4.3% when comparing the two quarterly periods.