---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-022210"
form_type: "8-K"
ticker: "OMCC"
cik: "0001000045"
company_name: "OLD MARKET CAPITAL Corp"
filed_at: "2022-11-04T23:59:59+00:00"
generated_at: "2026-06-22T06:26:39.327040+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nicholas Financial reports Q2 net loss of $3.2M; charge-offs surge to 12.4%

## Summary
- Net loss of $3.2M ($0.44 diluted EPS loss) vs net income of $1.6M ($0.21 EPS) YoY.
- Interest and fee income $12.2M, down 2.6% YoY; provision for credit losses up 538% to $8.9M.
- Net charge-off rate rose to 12.4% from 4.9% YoY, driven by portfolio normalization.
- Originations in new contracts purchased rose 1.1% vs last year; portfolio yield declined to 27.4%.
- CEO emphasizes focus on servicing portfolio, reducing expenses, and regaining profitability.

## SEC filing metadata
- accession: 0000950170-22-022210
- form_type: 8-K
- ticker: OMCC
- cik: 0001000045
- company_name: OLD MARKET CAPITAL Corp
- filed_at: 2022-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000045/000095017022022210/0000950170-22-022210-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000045/000095017022022210/nick-20221104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-022210
- JSON: https://secwatch.observer/filing/0000950170-22-022210.json
- Plain text: https://secwatch.observer/filing/0000950170-22-022210.txt

## Key facts
- Earnings Releases
  OLD MARKET CAPITAL Corp reported the six months ended September 30, 2022 results: revenue $24.3 million, net income net loss of $4.9 million, EPS $0.68.
  - Period: the six months ended September 30, 2022
  - Revenue: $24.3 million
  - Net income: net loss of $4.9 million
  - EPS: $0.68
  - Result: reported results
  source text: September 30, 2022 as compared to net income per share of $0.44 for the six months ended September 30, 2021. Interest and fee income on finance receivables decreased 3.4% to $24.3 million for the six months ended September 30, 2022 as compared to $25.2 million for the six months ended September 30, 2021. Provision for credit losses increased 490.6% to $12.6
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000045/000095017022022210/0000950170-22-022210-index.htm
- Earnings Releases
  OLD MARKET CAPITAL Corp reported the three months ended September 30, 2022 results: revenue $12.2 million, net income net loss of $3.2 million, EPS $0.44.
  - Period: the three months ended September 30, 2022
  - Revenue: $12.2 million
  - Net income: net loss of $3.2 million
  - EPS: $0.44
  - Result: reported results
  source text: 30, 2022 as compared to diluted net income per share of $0.21 for the three months ended September 30, 2021. Interest and fee income on finance receivables decreased 2.6% to $12.2 million for the three months ended September 30, 2022 as compared to $12.6 million for the three months ended September 30, 2021. Provision for credit losses increased 538.4% to $8.9
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000045/000095017022022210/0000950170-22-022210-index.htm

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