Item 2.02 Results of Operations and Financial Condition

October 29, 2009 - Clearwater, Florida - Nicholas Financial, Inc. (NASDAQ: NICK) announced that for the three months ended September 30, 2009, net earnings, excluding changes in fair value of interest rate swaps increased 189% to $2,286,000 as compared to $792,000 for the three months ended September 30, 2008. Per share diluted net earnings, excluding changes in fair value of interest rate swaps, increased 175% to $0.22 for the three months ended September 30, 2009 as compared to $0.08 for the three months ended September 30, 2008. See reconciliations of the non-GAAP measures on page 2 of Exhibit #99.1. Revenue increased 5% to $14,158,000 for the three months ended September 30, 2009 as compared to $13,505,000 for the three months ended September 30, 2008.

Item 9.01 Financial Statements and Exhibits

Exhibit # Description

99.1 Press release dated October 29, 2009.

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