secwatch.observer — SEC 8-K summary
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Issuer:     OLD MARKET CAPITAL Corp (OMCC)
CIK:        0001000045
Form:       8-K
Filed at:   2022-07-29T23:59:59+00:00
Accession:  0000950170-22-013511
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000045/000095017022013511/0000950170-22-013511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000045/000095017022013511/nick-20220729.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-013511

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