---
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"
generated_at: "2026-06-13T19:38:09.084280+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nicholas Financial reports Q4 net loss of $15.8M; charge-off rate spikes to 30.93%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-029127
- JSON: https://secwatch.observer/filing/0000950170-23-029127.json
- Plain text: https://secwatch.observer/filing/0000950170-23-029127.txt

## Key facts
- Earnings Releases
  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.
  - Period: the three months ended March 31, 2023
  - Revenue: $8.7 million
  - Net income: $15.8 million
  - EPS: $2.18
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1000045/000095017023029127/0000950170-23-029127-index.htm
- Earnings Releases
  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.
  - Period: the twelve months ended March 31, 2023
  - Revenue: $44.3 million
  - Net income: $34.1 million
  - EPS: $4.65
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1000045/000095017023029127/0000950170-23-029127-index.htm

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