{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-002356","form_type":"8-K","ticker":"OMCC","cik":"0001000045","company_name":"OLD MARKET CAPITAL Corp","filed_at":"2023-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.378048+00:00","generated_at":"2026-06-19T18:59:31.090921+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Nicholas Financial reports Q3 net loss of $13.4M; restructures and halts direct loans","bullets":["Net loss of $13.4M (diluted EPS -$1.85) vs $0.7M loss prior year.","Discontinued direct consumer loans; new contract originations fell 76.8% YoY.","Provision for credit losses rose 541.6% to $10.7M from $1.7M.","Restructuring expenses of $3.2M in Q3 ($4.0M YTD) from branch closures and severance.","Outsourced loan servicing to Westlake Portfolio Management; new credit facility in Jan 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-002356","json":"https://secwatch.observer/filing/0000950170-23-002356.json","markdown":"https://secwatch.observer/filing/0000950170-23-002356.md","text":"https://secwatch.observer/filing/0000950170-23-002356.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023002356/0000950170-23-002356-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023002356/nick-20230209.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T18:59:31.090921+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6e9f15254c2e175d54eef3527b4898b79df87705","claim":"OLD MARKET CAPITAL Corp reported three months ended December 31, 2022 results: net income net loss of $13.4 million, EPS Basic and diluted net loss per share was $1.85.","evidence_excerpt":"announced a net loss for the three months ended December 31, 2022 of $13.4 million compared to net loss of $0.7 million for the three months ended December 31, 2021. Basic and diluted net loss per share was $1.85 for the three months ended December 31, 2022 as compared to basic and diluted net loss per share of $0.09 for the three months ended December 31, 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023002356/0000950170-23-002356-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended December 31, 2022"},{"label":"Net income","value":"net loss of $13.4 million"},{"label":"EPS","value":"Basic and diluted net loss per share was $1.85"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e518e445b678c2a19a059f2ab8238130f0ce967f","claim":"OLD MARKET CAPITAL Corp reported nine months ended December 31, 2022 results: net income net loss for the nine months ended December 31, 2022 of $18.3 million, EPS Basic and diluted net loss per share was $2.49.","evidence_excerpt":"announced net loss for the nine months ended December 31, 2022 of $18.3 million compared to net income of $2.6 million for the nine months ended December 31, 2021. Basic and diluted net loss per share was $2.49 for the nine months ended December 31, 2022 as compared to basic and diluted net income per share of $0.34 for the nine months ended December 31, 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023002356/0000950170-23-002356-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended December 31, 2022"},{"label":"Net income","value":"net loss for the nine months ended December 31, 2022 of $18.3 million"},{"label":"EPS","value":"Basic and diluted net loss per share was $2.49"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}