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Home » Nicholas Financial posts 137% YoY increase in direct loan originations in fiscal Q1

Nicholas Financial posts 137% YoY increase in direct loan originations in fiscal Q1

The company continues to invest in technological advancements and expand its branch network

Whitney McDonaldbyWhitney McDonald
November 5, 2021
in Archives, Earnings
Reading Time: 2 mins read
0
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© Can Stock Photo / kentoh

After posting a 137% year-over-year increase in direct loan originations to $5.7 million, Nicholas Financial reinvested its earnings into company training, geographic expansion and technologies.   Indirect originations also increased 21% YoY to $20.3 million, according to last week’s earnings report. The Clearwater, Fla.-based lender increased its direct and indirect originations YoY for the past two […]

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