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 5.4% p.a. on average during the next 3 years, while revenues in the Banks industry in the US are expected to grow by 6.5%.

Performance of the American Banks industry.

The company's shares are up 12% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Nicolet Bankshares has 2 warning signs we think you should be aware of.

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