{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-029127","form_type":"8-K","ticker":"OMCC","cik":"0001000045","company_name":"OLD MARKET CAPITAL Corp","filed_at":"2023-06-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.506236+00:00","generated_at":"2026-06-13T19:38:09.084280+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Nicholas Financial reports Q4 net loss of $15.8M; charge-off rate spikes to 30.93%","bullets":["Net loss of $15.8M ($2.18 loss per share) vs net income of $0.4M ($0.05 EPS) YoY.","Interest and fee income fell 29.4% to $8.7M from $12.3M.","Provision for credit losses surged 727.5% to $17.4M; net charge-off rate 30.93%.","Closed all brick-and-mortar branches; incurred $0.8M restructuring expenses in quarter.","FY2023 net loss of $34.1M ($4.65 per share) vs net income of $3.0M ($0.39) prior year."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-029127","json":"https://secwatch.observer/filing/0000950170-23-029127.json","markdown":"https://secwatch.observer/filing/0000950170-23-029127.md","text":"https://secwatch.observer/filing/0000950170-23-029127.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023029127/0000950170-23-029127-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023029127/nick-20230621.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T19:38:09.084280+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":"075f54152a013ed2c5c88d3f6cde3e4d264ffa0f","claim":"OLD MARKET CAPITAL Corp reported the three months ended March 31, 2023 results: revenue $8.7 million, net income $15.8 million, EPS $2.18.","evidence_excerpt":"as compared to basic and diluted net earnings per share of $0.05 for the three months ended March 31, 2022. Interest and fee income on finance receivables decreased 29.4% to $8.7 million for the three months ended March 31, 2023 as compared to $12.3 million for the three months ended March 31, 2022. Operating expenses decreased 35.8% to $6.0 million for the three","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023029127/0000950170-23-029127-index.htm","confidence":0.4,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2023"},{"label":"Revenue","value":"$8.7 million"},{"label":"Net income","value":"$15.8 million"},{"label":"EPS","value":"$2.18"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b5dd8848f71cd3e876db4f98d5d8953bb44fe441","claim":"OLD MARKET CAPITAL Corp reported the twelve months ended March 31, 2023 results: revenue $44.3 million, net income $34.1 million, EPS $4.65.","evidence_excerpt":"2023 as compared to basic and diluted net income per share of $0.39 for the twelve months ended March 31, 2022. Interest and fee income on finance receivables decreased 11.1% to $44.3 million for the twelve months ended March 31, 2023 as compared to $49.8 million for the twelve months ended March 31, 2022. Provision for credit losses increased 581.6% to $40.7 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1000045/000095017023029127/0000950170-23-029127-index.htm","confidence":0.4,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the twelve months ended March 31, 2023"},{"label":"Revenue","value":"$44.3 million"},{"label":"Net income","value":"$34.1 million"},{"label":"EPS","value":"$4.65"},{"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"}