Nicholas Financial Reports 2nd Quarter Fiscal Year 2022 Results

Provided By Globe Newswire

Last update: Oct 29, 2021

CLEARWATER, Fla., Oct. 29, 2021 (GLOBE NEWSWIRE) -- Clearwater, Florida - Nicholas Financial, Inc. (NASDAQ: NICK) announced net income for the three months ended September 30, 2021 of $1.6 million compared to $1.3 million for the three months ended September 30, 2020. Diluted net income per share was $0.21 for the three months ended September 30, 2021 as compared to $0.16 for the three months ended September 30, 2020. Revenue decreased 10.6% to $12.6 million for the three months ended September 30, 2021 as compared to $14.1 million for the three months ended September 30, 2020. The Company reported income before income taxes for the three months ended September 30, 2021 of $2.1 million compared to $1.4 million for the three months ended September 30, 2020. The Company recorded an income tax expense of approximately $0.5 million during the three months ended September 30, 2021 as compared to $0.1 million during the three months ended September 30, 2020.