secwatch.observer — SEC 8-K summary
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Issuer:     OLD MARKET CAPITAL Corp (OMCC)
CIK:        0001000045
Form:       8-K
Filed at:   2023-06-21T23:59:59+00:00
Accession:  0000950170-23-029127
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000045/000095017023029127/0000950170-23-029127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000045/000095017023029127/nick-20230621.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-029127

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