Exhibit 99.1

Nicholas Financial Reports

1st Quarter Results

August 4, 2015 – Clearwater, Florida - Nicholas Financial, Inc. (NASDAQ: NICK) announced that for the three months ended June 30, 2015, per share diluted net earnings per share increased 18% to $0.47 as compared to $0.40 for the three months ended June 30, 2014. Net earnings were $3,670,000 and $4,909,000 for the three months ended June 30, 2015 and 2014, respectively. Revenue increased 3% to $22,025,000 for the three months ended June 30, 2015 as compared to $21,333,000 for the three months ended June 30, 2014.

Our earnings per share for the three months ended June 30, 2015, were positively impacted by the Company’s purchase of 4.7 million of the Company’s common shares by its principal operating subsidiary on March 19, 2015. Our net earnings were negatively affected by a reduction in the gross portfolio yield and an increase in the provision for credit losses, which are primarily the result of increased competition, compared to the corresponding period ended June 30, 2014. Results for the three months ended June 30, 2014 were positively affected by a decrease in income tax expense of $804,000 or $0.07 per share. This reduction related to professional fees associated with the previously announced potential sale of the Company that were not initially deductible for income tax purposes, but became deductible as a result of the termination of the Arrangement Agreement as announced on July 1, 2014.

“We have opened our first branch office in Texas, specifically in Houston. We are continuing to develop additional markets within the state of Texas and subject to market conditions; we may open additional locations during the current fiscal year. We will continue to evaluate other potential markets and may open additional branch locations, although no assurances can be given. The Company is also contemplating restructuring two of its current markets, which may eliminate two of its existing branches, during fiscal 2016” stated Ralph T. Finkenbrink, President and CEO.

Nicholas Financial, Inc. is one of the largest publicly traded specialty consumer finance companies based in the Southeastern states. The Company presently operates 68 branch locations in both the Southeastern and the Midwestern states. The Company has approximately 7,708,000 shares of common stock outstanding. For an index of Nicholas Financial, Inc.’s news releases or to obtain a specific release, visit our web site at www.nicholasfinancial.com.

Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that involve risks and uncertainties including general economic conditions, access to bank financing, and other risks detailed from time to time in the Company’s filings and reports with the Securities and Exchange Commission including the Company’s Annual Report on Form 10-K for the year ended March 31, 2015. Such statements are based on the beliefs of the Company’s management as well as assumptions made by and information currently available to Company management. Actual events or results may differ materially. All forward looking statements and cautionary statements included in this document are made as of the date hereby based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward looking statement or cautionary statement.

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Nicholas Financial, Inc.

Condensed Consolidated Statements of Income

(Unaudited, Dollars in Thousands, Except Share and Per Share Amounts)

Condensed Consolidated Balance Sheets

(Unaudited, In Thousands)

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Note: All three-month key performance indicators expressed as percentages have been annualized.

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The following tables present certain information regarding the delinquency rates experienced by the Company with respect to automobile finance installment contracts (“Contracts”) and direct consumer loans (“Direct Loans”), excluding any Chapter 13 bankrupt accounts:

The following table presents selected information on Contracts purchased by the Company, net of unearned interest:

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