NIC Q1 2023 Earnings — Nicolet Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

NICNicolet Bankshares, Inc.

$2B

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$63M-14.4% YoY

Gross Profit

$32M50.3% margin

Operating Income

-$13M-20.7% margin

Net Income

-$9M-14.1% margin

EPS (Diluted)

$-0.61

QoQ Revenue Growth

-37.3%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$10M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$8.2B

Total Liabilities

$7.2B

Stockholders' Equity

$962M

Cash & Equivalents

$125M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$63M	$74M	-14.4%
Gross Profit	$32M	$69M	-54.2%
Operating Income	-$13M	$32M	-141.0%
Net Income	-$9M	$24M	-136.8%

Revenue Segments

Investment Advisory, Management and Administrative Service

$6M55%

Credit and Debit Card

$3M30%

Deposit Account

$1M15%