Item 2.02 Results of Operations and Financial Condition

November 5, 2008-Clearwater, Florida-Nicholas Financial, Inc. (NASDAQ: NICK) announced that net income decreased 70% to $792,000 for the three months ended September 30, 2008 as compared to $2,597,000 for the three months ended September 30, 2007. Diluted earnings per share decreased 68% to $0.08 for the three months ended September 30, 2008 as compared to $0.25 for the three months ended September 30, 2007. Revenue increased 7% to $13,505,000 for the three months ended September 30, 2008 as compared to $12,578,000 for the three months ended September 30, 2007.

Item 9.01 Financial Statements and Exhibits

Exhibit # Description 99.1 Press release dated November 5, 2008.

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