NIC Q2 2023 Earnings — Nicolet Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

NICNicolet Bankshares, Inc.

$2B

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$109M+47.8% YoY

Gross Profit

$75M69.3% margin

Operating Income

$30M28.0% margin

Net Income

$23M20.7% margin

EPS (Diluted)

$1.51

QoQ Revenue Growth

+72.3%

Cash Flow

Operating Cash Flow

$33M

Free Cash Flow

$26M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$8.5B

Total Liabilities

$7.5B

Stockholders' Equity

$978M

Cash & Equivalents

$515M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$109M	$74M	+47.8%
Gross Profit	$75M	$68M	+10.2%
Operating Income	$30M	$32M	-4.6%
Net Income	$23M	$24M	-5.8%

Revenue Segments

Investment Advisory, Management and Administrative Service

$6M55%

Credit and Debit Card

$3M31%

Deposit Account

$2M14%