---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-013511"
form_type: "8-K"
ticker: "OMCC"
cik: "0001000045"
company_name: "OLD MARKET CAPITAL Corp"
filed_at: "2022-07-29T23:59:59+00:00"
generated_at: "2026-06-24T06:46:11.408467+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Nicholas Financial reports Q1 net loss of $1.8M; originations up but expenses rising

## Summary
- Net loss $1.8M vs net income $1.7M YoY; diluted EPS -$0.24 vs $0.22.
- Interest and fee income $12.1M, down 4.2% YoY, plus $0.8M unrealized loss on equity investments.
- Originations up 10.1% on contracts and 43.2% on direct loans; total $30.6M originated.
- Branch consolidation plan announced July 2022 to reduce operating expenses amid rising delinquencies.
- Finance receivables grew $1.3M to $30.6M; total loan portfolio $173.7M.

## SEC filing metadata
- accession: 0000950170-22-013511
- form_type: 8-K
- ticker: OMCC
- cik: 0001000045
- company_name: OLD MARKET CAPITAL Corp
- filed_at: 2022-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000045/000095017022013511/0000950170-22-013511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000045/000095017022013511/nick-20220729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-013511
- JSON: https://secwatch.observer/filing/0000950170-22-013511.json
- Plain text: https://secwatch.observer/filing/0000950170-22-013511.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.