NICHOLAS FINANCIAL, INC. (NASDAQ:NICK) Files An 8-K Results of Operations and Financial Condition
Item2.02
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Results of Operations and Financial Condition |
February2, 2017 Clearwater, Florida Nicholas
Financial, Inc. (NASDAQ: NICK) announced that for the three
months ended December31, 2016, diluted earnings per share
decreased 40% to $0.21 as compared to $0.35 for the three months
ended December31, 2015. Net earnings were $1.6 million and $2.7
million for the three months ended December31, 2016 and 2015,
respectively. Revenue decreased 3% to $22.0 million for the three
months ended December31, 2016 as compared to $22.8 million for
the three months ended December31, 2015.
| Item9.01 | Financial Statements and Exhibits |
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Exhibit# |
Description |
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| 99.1 | Press release dated February 2, 2017. |
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. NICHOLAS FINANCIAL, INC. (NASDAQ:NICK) Recent Trading Information
NICHOLAS FINANCIAL, INC. (NASDAQ:NICK) closed its last trading session 00.00 at 11.10 with 17,827 shares trading hands.
