---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-042930"
form_type: "8-K"
ticker: "OMCC"
cik: "0001000045"
company_name: "OLD MARKET CAPITAL Corp"
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:11:31.303318+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nicholas Financial returns to profitability; Q1 net income $1.6M, EPS $0.21

## Summary
- Net income of $1.6M ($0.21 diluted EPS) vs net loss of $1.8M ($0.24 loss per share) in prior year.
- Interest and fee income fell 41.3% to $7.1M from $12.1M; operating expenses decreased 55.3%.
- Provision for credit losses fell 82.3% to $0.6M, aided by adoption of ASU 2016-13 (CECL); net charge-offs increased to 9.6%.
- Completed restructuring; originated $2.7M in finance receivables, reduced debt by $13.9M during the quarter.
- CEO cites focus on reducing expenses and freeing up capital to increase shareholder returns.

## SEC filing metadata
- accession: 0000950170-23-042930
- form_type: 8-K
- ticker: OMCC
- cik: 0001000045
- company_name: OLD MARKET CAPITAL Corp
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000045/000095017023042930/0000950170-23-042930-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000045/000095017023042930/nick-20230815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-042930
- JSON: https://secwatch.observer/filing/0000950170-23-042930.json
- Plain text: https://secwatch.observer/filing/0000950170-23-042930.txt

## Key facts
- Earnings Releases
  OLD MARKET CAPITAL Corp reported 1st quarter fiscal year 2024 ended June 30, 2023 results: net income $1.6 million, EPS $0.21.
  - Period: 1st quarter fiscal year 2024 ended June 30, 2023
  - Net income: $1.6 million
  - EPS: $0.21
  - Result: reported results
  source text: On August 16, 2023 Nicholas Financial, Inc. (the " Company ") issued a press release announcing the Company's financial results for its quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000045/000095017023042930/0000950170-23-042930-index.htm

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