morning, joining XXXX call. quarter earnings our thank for Good second fiscal you and
Before highlight. there few are we I'd like up open for areas questions, to a
few I a bit portfolio, our portfolio have rightsizing Johnny the good yields the years, are and and throughout talked derisking showing results most of Over about the improved last performance and and today.
increase for this in In XX and the point of second the of customer quarter during the base, our XXX increase is compares quarter fourth of experienced which a basis sequentially points we improvement last of basis year-over-year XXXX, second basis an to XXX points year. a year quarter
customer decreasing over profitability. and our September year has quality improve This almost our risk-reward the ensure high base We decreased right the while customer overall yields long-term profile customers diligently customer across XX, actually with base to is X% increased balance our balance average and while to average credit last XX, our our to Year-over-year, XXXX. from customer worked regrow XXXX. compared has base our September
Our and low, stronger fiscal second in has prior comparable default actually quarter, lower in especially and year August and even non-refinance in of September, second growth the periods quarter recent -- the rebounded remain pre-pandemic. XXXX has making payment volume first exception with all rates the than non-refi years year-over-year gains, surpassed
in second applications. adjustments For new increasing Approval of around have an customers, rate marketing and an hit quality around norm channel particular, XXXX fiscal back payment increased been from historical dramatically quarter historical norms acquisitional marketing new and we for acquisition to before the defaults -- all-time In approval rates historically nearly the in and XX%. high, show continue channel with year underwriting. our XX% first of XX%, in customers cut
returned we are new defaults exceeded second default historical year, while XX% norms. customers This rates low or in maintaining first the rates XX% to time for that the those first during quarter This than approval The of years. and of second years less the fiscal 'XX rate fell 'XX subsequent achieved payment low that quality resulted range. in over years credit historical in approval during quarter, and improved
profitable are second this Additionally, vintages customer expect on The years, the yields higher to pre-pandemic or earlier yields present quarter quarter's historical net from to prior with even gross significantly second continue breaking well. new and increase continue year pace have year vintages. than originations than as of to and to -- fiscal XXXX we quarter becoming
last customers investments in the in XXX improved and new larger Coupled yield that Overall, approval quality, basis higher this of our gross with high has credit years. few performance retaining are about these investments points the the we're year-over-year. rates optimistic by
recent performing $XX years the started around of down we acquisition, were we end, growth down this To this trend X% of acquisition loans. an quarter around completed Prior our continuing during the closing we week, million October. that outpacing This X.X% in in to second a year-over-year. And year ledger with ledger, the about was into was that of year-over-year. month the loan
With with acquisition, that's end enter a as to down expect that and of coupled in X% November we around this organic achieved December. growth with October October, already we growth the year-over-year ledger we've season our
reduction increased loan showing refinances balance. the Refinance increased volume the dollars actually in quarter X% year-over-year XX.X%, while within number of average a in
we second shifts the and trends see yields into continuing year and we've this and already our convert the With seen gross trends makeup revenue in quarter the into quarter to the far. delinquency thus that weighting for continue season, these expect of third same income portfolio to
related opportunity investment and stems outsized and years our an see portfolio the fiscal loan large do during to to delinquency part improve made and loans from 'XX. large the especially We our which charge-off rates, 'XX of
Given $XX.XX continue -- the and achieve to accruing no year. to is longer yield the expect we plan, and positive the second to delinquency XX.XX% account to of EPS tier improve growth performance our improvements management negative, but slower to this the for
have an World. team for credit absolutely and helping rebuild to well meet needs. as as They each every customers immediate their other. I'm establish we Finally, our grateful financial credit, here their to are amazing customers their at commitment day to
have. like you questions Calmes, At this time, Strategy to and Chief that open Officer, Johnny any and Financial up would our I to
