thank quarter and joining morning, XXXX for first Good fiscal earnings our you call.
the XX experienced growth to questions, of quarter moderate year we a returning to base over In highlight. derisking or we few good and as there We've X year. our well points. moderate bit up Before last of growth open customer areas the to portfolio around XXXX, the talked a as are I'd like this basis about in first rightsizing
towards G&A loan yields, of in from improved the average all June has year we've average Along has with declined was Currently, average decrease XX, size, slightly decreased expenses. XX% and gross delinquency which the fiscal almost and average balance that across customer Year-over-year, types. our from balance balance over loan XXXX. end Their XXXX. our X% decreased significantly loan size, gross yields peak average our improved
maturing As portfolio. the have reserves with of the our year-over-year in-step improves, underlying portfolio loss also declined
We through each are our high modest quality credit for customer strategies this types. year on of single-digit focused growth specific
new channels new X.X% down while loan and also the our the acquisition within losses. rates first increasing average customer in approval minimizing year-over-year. customer new in For customers quarter while our dollars balance only about year-over-year, In and volume loan adjusted we've are declined quarter, the X% customers, our by already number of decreased new the was quarter
an for acquisition our of also also as we those acquisition are indication of default customer. strategy the for total part a of XX-year in a cost which of of We're -- customers. success cost the improved upfront performing This rates, early as growth both is terms first well pay low-cost
performing we've off quality and up a As credit we've portfolio, customer a as regrouped a paid that to of large percent and continues non-refinance population loans. former to make our larger customer return higher grown a
improve. As the yields we portfolio, net their in our and naturally income weighting increase
as well improvement customers the Within performance average had lower returning similar yield a trend as both and in quarter, refinance balances. and in
While volume year-over-year. last by versus X.X% dollars former the the year, quarter declined of increased X.X% customers customer in this loan actually former first number quarter
decreased number within increased while average non-refinance of first pay customers, dollars quarter the those refinances originations. lowest rates Similarly, average and decreased the quarter, balance the and the of originations XX%, originations significantly our in the former returning X% average For higher, have of and XX%. was they year-over-year, volume refinance default yield those the decreased X% loan in balance actually the of
date, we've we're leading seen delinquency us see and already same of XX quality, second all had continued second customer and quarter, low into trends To great weighting continue income the quarter, the delinquency. customers back in in we expect expect the revenue we're that these higher yields and in shifts year. convert we've continuing at credit With the portfolio trends base. yields that years, the to at and to seeing Currently, number makeup to this going our in highest growth former July least lower former the average balances, into
total as towards improved in invest year. performing prior single-digit date acquisition focus new continue ledger over moderate to and quality growth on To July, X as a of wisely our high customers remains credit well, customers, we has years the work we'll but growth of this low for cost
compared year. G&A portfolio to prolonged in the expenses addition is prudent in of last this period first important our quarter to quarter performance, a increasing especially has nationwide. expenses It management X.X% reduction In also resulted during
quarter accrue With operating the conditions $XX.XX I've targets, portfolio on fiscal discussed, to for vesting long-term performance, yield for earnings of the per improved Even economic much target. quality and with $XX.XX with especially plan stability improved these the continue the and year throughout second and continues incentive build share. the achieving $XX.XX credit confidence management full to tiers increasing we'll
any may team establish up to They credit, Finally, as Officer, needs. our we to grateful amazing immediate every to and have. day customers rebuild well are time, their that credit customers I absolutely have Johnny Calmes, open helping Strategy an commitment to for at as very Chief I'm World, financial and their here like each other. and you our meet Financial questions this At their and would