Conn's, Inc. (NASDAQ:CONN) Q2 2021 Earnings Conference Call - Final Transcript
Sep 03, 2020 • 11:00 am ET
the one impact that you do get, obviously, as we've made those changes. It takes a little bit of time. They do our customers do have an open time period to use their credit. So that does have a little bit of flow through. So it's probably some of the effect you saw.
Okay. Okay. That's helpful. And then kind of segregating the provision. I'm just trying to put everything together for modeling purposes going forward. You've definitely tightened credit. You're seeing some good results from it. You kind of implied that the provision or call to the reserve level is going to remain flat to maybe slightly lower going forward, but with the tighter underwriting standards. It seems like it should be coming down. So sort of what the thought process is on that. And then, if you can be more specific, I'm not sure if you can, but the specific provisioning rate that you're looking kind of within a range on some of your new originations given the tighter underwriting?
Bill, this is George. The way you described the thought process around the allowance percentage for the back half of the year makes sense. Obviously, the environment right now is still uncertain. And so that's why we characterize it as flat to slightly down. In terms of the specific provision rate or percentages, we're not providing guidance at this time, but I think that gives you enough to think through the modeling for the back half of the year.
We have reached the end of the question-and-answer session. And now I will turn the call over to Norm Miller for closing remarks.
First, I want to thank everyone for their interest in the company and their participation on the call. We also want to take another opportunity to thank all of our associates across 14 states we do business and in our headquarters and call centers for their work there in these challenging times, it's been remarkable. We look forward to talking to you at the next earnings call. Thank you.
[Operator Closing Remarks]