Item 2.02 Results of Operations and Financial Condition

May 5, 2009 - Clearwater, Florida - Nicholas Financial, Inc. (NASDAQ: NICK) announced that for the three months ended March 31, 2009, net earnings, excluding non-cash unrealized mark-to-market (gain) loss of interest rate swaps was $2,048,000 as compared to $2,055,000 for the three months ended March 31, 2008. Per share diluted net earnings, excluding non-cash unrealized mark-to-market (gain) loss of interest rate swaps, was $0.20 for both the three months ended March 31, 2009 and 2008. See reconciliations of the Non-GAAP measures on page 2 of Exhibit 99.1. Revenue increased 4% to $13,224,000 for the three months ended March 31, 2009 as compared to $12,721,000 for the three months ended March 31, 2008.

Item 9.01 Financial Statements and Exhibits

Exhibit # Description 99.1 Press release dated May 5, 2009.

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