 CLEARWATER, Fla., June 02, 2021 GLOBE NEWSWIRE -- Nicholas Financial, Inc. NASDAQ: NICK announced net income for the three months ended March 31, 2021 of 1.9 million compared to 2.3 million for the three months ended March 31, 2020. Diluted net income per share was 0.24 for the three months ended March 31, 2021 as compared to 0.29 for the three months ended March 31, 2020. Total revenue decreased 10.8 to 13.3 million for the three months ended March 31, 2021 as compared to 14.9 million for the three months ended March 31, 2020, which included gains of 0.5 million on equity investments during the three months ended March 31, 2021. The Company reported income before income taxes for the three months ended March 31, 2021 of 2.8 million compared to 0.6 million for the three months ended March 31, 2020. The Company recorded an income tax expense of approximately 0.9 million during the three months March 31, 2021 compared to an income tax benefit of 1.7 million during the three months ended March 31, 2020. 