Nicholas Financial | Auto Finance News | Page 3 | Auto Finance News - Part 3

Nicholas To Open New Branch In Fiscal 2015

Nicholas Financial said in its SEC 10-K filing June on 16 that it bought $169,244,000 in auto loan contracts in fiscal year 2014, which ended March 31, 2014. That’s up from the $151,740,000 in contracts the company bought last fiscal year. Meanwhile, direct loan originations increased to $9,786,000, up from the $8,336,000 the company originated last year. Nicholas […]

Nicholas Financial Ends Hunt for a Suitor

Nonprime lender Nicholas Financial, which recently scrapped plans to be acquired by New York-based Prospect Capital Corp., will end its hunt for a suitor altogether. Nicholas’s board voted yesterday to discontinue exploration of possible strategic alternatives, deciding instead that shareholders of the Clearwater, Fla.-based company will best be served by focusing operations as a standalone […]

Nicholas Financial Names New Company Officers

  Auto lender Nicholas Financial  has named Kevin D. Bates as the company’s new senior vice president-branch operations and Katie L. MacGillvary, vice president-finance, chief financial officer and corporate secretary of the company. The new titles were effective June 1. Bates had been employed at Nicholas in various roles since 1997. MacGillvar y joined Nicholas […]

Nicholas Scraps Acquisition

Nicholas Financial Inc.’s board has voted to kill its acquisition deal with Prospect Capital Corp. The company’s board voted yesterday to terminate the agreement to be acquired by Prospect, in light of the looming June 12 termination deadline. Clearwater, Fla.-based Nicholas had agreed last December to sell its issued and common shares to an indirect […]

Nicholas Faces Decreased Earnings and Delayed Acquisition

Florida-based auto lender Nicholas Financial reported a $269.3 million loan portfolio in the fourth quarter. That’s up nearly $20 million from a year ago, when the company reported $249.8 million, according to an earnings report filed yesterday with the SEC. Nicholas said its net earnings decreased 40% to $2.9 million in the quarter, compared to […]
Page 3 of 41234