Nicolet Bankshares, Inc. ($NIC) Reports Q3 Earnings Results Outshines Street Expectation

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Shareholders were provided with a glimpse of Nicolet Bankshares, Inc.'s (NYSE: NIC) performance in the third quarter as the company disclosed its earnings after the market has concluded for the day.

The company’s quarterly report highlighted Non-GAAP income of $2.04 per share, paired with total revenues amounting to $68.37 million for the three-month period.

The outcomes got better of the market predicted $1.87 profit per share along with the $66.94 million revenue.

The quarterly net income reported by the company, amounting to $2.10 per shareon a GAAP basis, signifies a 84.2 percent increase from the results of the previous year’s comparable period.

Period EPS
Actual
EPS
Growth*
Revenue
Actual
Revenue
Growth*
Q3 2024 $2.04 +32.5% 68.37 M +11.2%
Historical Earnings Insight
Q2 2024 $1.88 +22.9% 65.34 M +10.7%
Q1 2024 $1.72 +18.6% 62.81 M +10.7%
Q4 2023 $1.85 +1.1% 64.28 M -5.6%
Q3 2023 $1.54 +19.4% 61.47 M -2.4%
Q2 2023 $1.53 -11.6% 59.04 M +7.2%
*Growth on year-over-year basis

 

The topline climbed 11.21 percent, at the same time the bottomline advanced 32.47 percent relative to the corresponding quarter of previous year.

Nicolet Bankshares (NIC) experienced a trading range of $97.27 to $100.87, along with a total volume of 40.30 thousand shares during the day. The stock concluded the regular trading session at $98.91, reflecting an advance of 1.45 percent.