Good earnings our thank for XXXX call. third you morning, fiscal and quarter joining
up like are that there to to open a areas highlight. few we Before questions, I'd
policy the are trends We are pleased with emerging changes. from that recent
growing the a As inflationary concerns. as delinquency and period flow, drivers, underwriting economic we most and our three uncertainty toward was after we and discussed increasing. due last recent on portfolio our to year during was of call, began growth customers' the our normalization adjusting recessionary our quarterly earnings stimulus, fiscal end primarily pressures of extraordinary cash macroeconomic This
trending. The first positive is trend, delinquency showing
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first-pay Second default quarter rates customer lower originations XX% were year-over-year. new
most comparisons fiscal reduction low rates recent COVID stimulus. performance pre-pandemic has the still XXXX. default rates While third most early, recent our have two been, show third as the first-pay year quarter the first-pay some to of lowest strong vintage how recent of XX%-plus underscore of quarter To rates first-pay positively credit well compared vintages including as default the default quarters impacted by a
delinquency credit the of across the second of calendar industries the accomplishment of half during proud rates and especially default increasing We're several XXXX. reports considering
the of indications steadily these for in dramatic early to we improvements to continue gross addition In improve performance vintages, yields.
time while higher, in again to yields first-pay reduction originations compared of the in the gross at when default second customer higher X% gross XX%-plus New year-over-year year fiscal second over XX% XXXX yields rates. are a quarter of over our XXXX, quarter third had at the same quarter
operations team teams. from and support, HR been our outcome well. incredibly branch made analytics, refinance for as have members hard work a as IT, performance customers are as adjustments their supporting Similar well well and marketing as result and leaders of as trainers returning These corporate
rates and marketing in and gross increasing to of us high our volume delinquency loan the to As low yields performance, the allowed our mentioned, approval indications towards quarter. begin our confidence early the increasing new end of third customers,
XXXX XX% third were of reference, third the originations XXXX quarter originations new XX% the customer the quarter in of and of XXXX. in and For fiscal years
new to and XXXX XX% volumes XXXX in of December month each XX% This prior quarter, fiscal December. year originations subsequent comparable with of customer year's increased and the
We expect to the and continue in during year. the fourth customer new increasing acquisition and quarter our investments into fiscal next marketing
opportunities Finally, I leaders not fun and accomplishments with our level mentioned grace. of and they I'm world our great earlier, incredibly the every finance but team proud that the company is outstanding. just at that in embrace positivity,
John this and you Officer, I time, questions up would any to Chief Strategy Calmes, and At have. to Financial like our open
