Nicolet Bankshares Third Quarter 2024 Earnings: Beats Expectations

Nicolet Bankshares (NYSE:NIC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$90.0m (up 16% from 3Q 2023).
• Net income: US$32.5m (up 90% from 3Q 2023).
• Profit margin: 36% (up from 22% in 3Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: US$2.16 (up from US$1.16 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nicolet Bankshares Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

Looking ahead, revenue is expected to decline by 4.1% p.a. on average during the next 3 years, while revenues in the Banks industry in the US are expected to grow by 6.4%.

Performance of the American Banks industry.

The company's shares are down 1.8% from a week ago.

Risk Analysis

Be aware that Nicolet Bankshares is showing 2 warning signs in our investment analysis that you should know about...

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