August 2, 2012
Nicholas Financial Reports Record 1st Quarter Results
Clearwater, Florida, - August 2, 2012 - Nicholas Financial, Inc. (NASDAQ: NICK), announced that for the three months ended June 30, 2012 net earnings increased 1% to $5,374,000 as compared to $5,303,000 for the three months ended June 30, 2011. Per share diluted net earnings was $0.44 for each of the three-month periods ended June 30, 2012 and 2011, respectively. Revenue increased 4% to $17,280,000 for the three months ended June 30, 2012 as compared to $16,634,000 for the three months ended June 30, 2011.
According to CEO, Peter Vosotas, “In the past 12 months our company continued its organic expansion and has opened 7 new branches bringing the total to 63 in 15 states. We are confident that in spite of the corresponding increase in operating expenses associated with this significant expansion that we will enjoy increased revenues in the months and years ahead.”
The Company will hold its Annual Shareholders Meeting on August 7th at 11:00am.
Nicholas Financial, Inc. is a publicly traded specialty consumer finance company. The
company presently operates branch locations in both the Southeastern and the Midwestern
states. For an index of Nicholas Financial, Inc.’s news releases or to obtain a specific
release, visit ourweb site at www.nicholasfinancial.com.