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Nicholas Financial Inc. Reports Operating Results (10-Q)

February 08, 2013 | About:
10qk

10qk

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Nicholas Financial Inc. (NICK) filed Quarterly Report for the period ended 2012-12-31.

Nicholas Financial, Inc. has a market cap of $156.176 million; its shares were traded at around $12.86 with a P/E ratio of 7.148 and P/S ratio of 2.2604. The dividend yield of Nicholas Financial, Inc. stocks is 3.4%. Nicholas Financial, Inc. had an annual average earning growth of 5.7% over the past 10 years. GuruFocus rated Nicholas Financial, Inc. the business predictability rank of 3-star.

Highlight of Business Operations:

Consolidated net income decreased 15% to approximately $4.6 million for the three-month period ended December 31, 2012 as compared to $5.4 million for the corresponding period ended December 31, 2011. Diluted earnings per share decreased 18% to $0.37 as compared to $0.45 for the three months ended December 31, 2012 and December 31, 2011. Consolidated net income decreased 7% to approximately $15.1 million for the nine-month period ended December 31, 2012 as compared to $16.2 million for the corresponding period ended December 31, 2011. Diluted earnings per share decreased 8% to $1.24 for the nine months ended December 31, 2012 as compared to $1.35 for the nine months ended December 31, 2011.

The revenue increase for the three months ended December 31, 2012 was more than offset by the dividend tax of approximately $1.2 million related to the special cash dividend of $2.00 per share, an increase in provision for credit losses, and an increase in operating expenses as a percentage of net finance receivables. The increase in operating expenses were mainly attributable to the opening of three new branch locations.

Read the The complete Report

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