Nicolet Bankshares (NYSE:NIC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$83.6m (up 11% from 2Q 2023).

• Net income: US$29.3m (up 30% from 2Q 2023).

• Profit margin: 35% (up from 30% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$1.96 (up from US$1.54 in 2Q 2023).

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

Nicolet Bankshares EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) exceeded analyst estimates by 16%.

Looking ahead, revenue is expected to decline by 11% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.3%.

Performance of the American Banks industry.

The company's shares are down 13% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Nicolet Bankshares that you need to take into consideration.

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