Nicholas Financial, Inc. operates as a consumer finance company in the United States. The company engages in acquiring and servicing automobile finance installment contracts for the purchase of new and used automobiles and light trucks. It also originates direct consumer loans and sells consumer-finance related products. As of March 31, 2021, the company operated 45 branch offices located in Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, Missouri, Nevada, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Utah, and Wisconsin. Nicholas Financial, Inc. was founded in 1985 and is headquartered in Clearwater, Florida.
IPO Year:
Exchange: NASDAQ
Website: nicholasfinancial.com
CLEARWATER, Fla., May 10, 2022 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ:NICK) announced today the appointment of Michael Rost as interim Chief Executive Officer of the Company effective May 9, 2022. Mr. Rost has worked at the Company for more than 20 years, most recently in the position of Vice President of Branch Operations. The Board appointed Mr. Rost in connection with the resignation by Douglas Marohn from his position as the Company's President and Chief Executive Officer. Jeffrey Royal, the Chairman of the Company's Board of Directors, commented: "The Board is excited to have Mike take over executive leadership on an interim basis. Mike has been successfully managing br
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8-K - NICHOLAS FINANCIAL INC (0001000045) (Filer)
8-K/A - NICHOLAS FINANCIAL INC (0001000045) (Filer)
8-K - NICHOLAS FINANCIAL INC (0001000045) (Filer)
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10-K/A - NICHOLAS FINANCIAL INC (0001000045) (Filer)
10-K - NICHOLAS FINANCIAL INC (0001000045) (Filer)
8-K - NICHOLAS FINANCIAL INC (0001000045) (Filer)
8-K - NICHOLAS FINANCIAL INC (0001000045) (Filer)
TORONTO, Feb. 21, 2023 /PRNewswire/ - The supply of Class I nickel, essential for electric vehicle batteries, is expected to face a shortage for the next three to five years, according to a new report. The Oregon Group predicts a continued crunch in the nickel market despite increased production by Chinese nickel giant, Tsingshan. Supply of Class I nickel, essential for electric vehicle batteries, expected to face shortage for the next 3-5 years.The report examines key trends affecting the growth of Class I nickel supply and demand. These include geopolitical tensions, and the coming clash between the pressure to decarbonize supply chains and the high emissions of new and near-term nickel pr
Originations year-over-year on new Contracts purchased for the three months ended June 30, 2022 increased by 10.1% compared to prior year first quarter.Originations year-over-year on Direct Loans for the three months ended June 30, 2022 increased by 43.2% compared to prior year first quarter.Finance Receivables, net grew by $0.8 million or 0.5% for the three months ended June 30, 2022. CLEARWATER, Fla., July 29, 2022 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ:NICK) announced a net loss for the three months ended June 30, 2022 of $1.8 million compared to net income of $1.7 million for the three months ended June 30, 2021. Diluted net loss per share was $0.24 for the three months
CLEARWATER, Fla., July 22, 2022 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ:NICK) announced the extension of Irina Nashtatik's Employment Agreement as Chief Financial Officer (CFO) through June 30, 2024. The material terms of Ms. Nashtatik's Employment Agreement are disclosed in the Company's Form 8-K filed on the date thereof. For more information on Nicholas, visit www.nicholasfinancial.com. About Nicholas Financial, Inc. Nicholas Financial, Inc. (NASDAQ:NICK) is a specialized consumer finance company, operating branch locations in both Southeastern and Midwestern U.S. States. The Company engages primarily in acquiring and servicing automobile finance installment contracts ("
Originations on new Contracts purchased in the fourth quarter of fiscal year 2022 reached a historic high of $27.1 million in principal amount purchased, an increase of 10.2% year-over-year and 39.3% quarter-over-quarter.Principal amount originated on Direct Loans in the fourth quarter of fiscal year 2022 increased by 127.1% year-over-year and 140.3% increase from fourth quarter fiscal year 2020.Portfolio Yield increased to 27.9% for the fourth quarter of fiscal year 2022 , a 30 basis point improvement year-over-year. CLEARWATER, Fla., May 24, 2022 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ:NICK) announced a net income for the three months ended March 31, 2022 of $0.4 million co
CLEARWATER, Fla., May 10, 2022 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ:NICK) announced today the appointment of Michael Rost as interim Chief Executive Officer of the Company effective May 9, 2022. Mr. Rost has worked at the Company for more than 20 years, most recently in the position of Vice President of Branch Operations. The Board appointed Mr. Rost in connection with the resignation by Douglas Marohn from his position as the Company's President and Chief Executive Officer. Jeffrey Royal, the Chairman of the Company's Board of Directors, commented: "The Board is excited to have Mike take over executive leadership on an interim basis. Mike has been successfully managing br
Portfolio Yield for the three months ended December 31, 2021 increased to 27.7% compared to 27.3% during the prior year third quarterOriginations year-over-year on new Contracts purchased for the three months ended December 31, 2021 increased by 27.4% compared to prior year third quarterOriginations year-over-year on Direct Loans for the three months ended December 31, 2021 increased by 84.7% compared to prior year third quarterAccounts 60+ days delinquent decreased to 3.5%, excluding Chapter 13 bankruptcy accounts, compared to 3.9% as of the prior year third quarter CLEARWATER, Fla., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ:NICK) announced a net loss for the thr
CLEARWATER, Fla., Jan. 13, 2022 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ:NICK) – an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent dealer – announced today a grand opening celebration for our newest branch office in the Houston, TX market, located at 9630 N. Sam Houston Pkwy E, Suite F Humble, TX 77396 on January 13, 2022. The open house begins at 3:00 PM CST, the official ribbon cutting ceremony will commence at 4:00 PM CST and the celebration will continue until 7:00 PM CST. Please contact the local office at 281-601-1926 for more information regarding the event. "The grand opening of our newest branch office in Hou
CLEARWATER, Fla., Nov. 08, 2021 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc. (NASDAQ:NICK) – an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent dealer – announced that on November 5, 2021 the company entered into a senior secured credit facility pursuant to a loan and security agreement with Wells Fargo Bank, N.A., as agent, and the lenders that are party thereto. The prior credit facility pursuant to a credit agreement with Ares Agent Services, L.P. was paid off in connection with entering into this credit facility. Pursuant to the credit agreement, the lenders have agreed to extend to Nicholas Financial a line of credit of up to
Income year-over-year before income taxes for the three months ended September 30, 2021 increased by 57.4% compared to prior year second quarterPre-tax yield for the three months ended September 30, 2021 increased to 4.8% compared to 2.6% during the prior year second quarterOriginations year-over-year on new Contracts purchased for the three months ended September 30, 2021 increased by 9.1% compared to prior year second quarterOriginations year-over-year on Direct Loans for the three months ended September 30, 2021 increased by 83.7% compared to prior year second quarterAccounts 60+ days delinquent decreased to 2.3%, excluding Chapter 13 bankruptcy accounts, compared to 2.9% as of the prior
Income year-over-year before income taxes for the three months ended June 30, 2021 increased by 25.2% compared to prior year first quarterPre-tax yield for the three months ended June 30, 2021 increased to 5.1% compared to 3.5% during the prior year first quarterOriginations year-over-year on new Contracts purchased for the three months ended June 30, 2021 increased by 20.9% compared to prior year first quarterOriginations year-over-year on Direct Loans for the three months ended June 30, 2021 increased by 136.4% compared to prior year first quarterAccounts 60+ days delinquent decreased to 1.9%, excluding Chapter 13 bankruptcy accounts, compared to 2.5% as of the prior year first quarte
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- SEC Filing
https://www.sec.gov/Archives/edgar/data/1000045/000095017024053577/nick-ex99_1.htm
Nicholas Financial (NASDAQ:NICK) reported quarterly earnings of $0.05 per share. This is a 79.17 percent decrease over earnings of $0.24 per share from the same period last year. The company reported $12.31 million in sales this quarter. This is a 7.36 percent decrease over sales of $13.29 million the same period last year.
During Friday's session, 24 stocks hit new 52-week lows. Areas of Significance In Today's 52-Week Lows: TFS Financial (NASDAQ:TFSL) was the biggest company on a market cap basis to set a new 52-week low. The company with the smallest market cap to set a new 52-week low was Coffee Holding Co (NASDAQ:JVA). Ambac Financial Group (NYSE:AMBC)'s stock came under the most pressure, trading down 23.19% to reach a new 52-week low. Blue Ridge Bankshares (AMEX:BRBS)'s stock made the biggest bounce back, actually moving up 0.13% shortly after hitting a new 52-week low. Here is a list of stocks that set new 52-week lows on Friday: TFS Financial (NASDAQ:TFSL) shares hit a yearly low of $16.
Nicholas Financial (NASDAQ:NICK) reported quarterly losses of $(0.09) per share. This is a 118.37 percent decrease over earnings of $0.49 per share from the same period last year. The company reported $12.24 million in sales this quarter. This is a 15.43 percent decrease over sales of $14.47 million the same period last year.