NICHOLAS FINANCIAL, INC. (NASDAQ:NICK) Files An 8-K Results of Operations and Financial ConditionItem 2.02
August3, 2017 – Clearwater, Florida – Nicholas Financial, Inc. (NASDAQ: NICK) announced that for the three months ended June30, 2017, diluted earnings per share decreased 73% to $0.10 as compared to $0.37 for the three months ended June30, 2016. Net earnings were $0.8million and $2.9million for the three months ended June30, 2017 and 2016, respectively. Revenue decreased 3% to $22.2million for the three months ended June30, 2017 as compared to $22.9million for the three months ended June30, 2016.
| Item 2.02 | Financial Statements and Exhibits |
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Exhibit # |
Description |
| 99.1 | August 3, 2017. |
NICHOLAS FINANCIAL INC ExhibitEX-99.1 2 d433404dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Contact: Katie MacGillivary Vice President,…To view the full exhibit click here
About NICHOLAS FINANCIAL, INC. (NASDAQ:NICK)
Nicholas Financial, Inc. (Nicholas Financial-Canada) is a holding company. The Company’s business activities are conducted through its subsidiary, Nicholas Financial, Inc. (Nicholas Financial). Nicholas Financial is a specialized consumer finance company engaged primarily in acquiring and servicing automobile finance installment contracts (Contracts) for purchases of new and used automobiles and light trucks. Nicholas Financial also originates direct consumer loans (Direct Loans) and sells consumer-finance related products. Another subsidiary, Nicholas Data Services, Inc. (NDS), acts as the interim holding company for Nicholas Financial. The Company is engaged in the business of providing financing programs, primarily on behalf of purchasers of new and used cars and light trucks. The Company originates Direct Loans in Florida and North Carolina. As of March 31, 2016, the Company’s automobile finance programs were conducted in 18 states.