NIC Q3 2023 Earnings — Nicolet Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

NICNicolet Bankshares, Inc.

$2B

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$116M+39.1% YoY

Gross Profit

$78M66.6% margin

Operating Income

$32M27.3% margin

Net Income

$17M14.7% margin

EPS (Diluted)

$1.14

QoQ Revenue Growth

+6.9%

Cash Flow

Operating Cash Flow

$22M

Free Cash Flow

$19M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$8.4B

Total Liabilities

$7.4B

Stockholders' Equity

$974M

Cash & Equivalents

$553M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$116M	$84M	+39.1%
Gross Profit	$78M	$67M	+15.1%
Operating Income	$32M	$25M	+28.2%
Net Income	$17M	$19M	-7.3%

Revenue Segments

Investment Advisory, Management and Administrative Service

$6M56%

Credit and Debit Card

$3M31%

Deposit Account

$1M14%