earnings
confidence high
sentiment positive
materiality 0.75
Nicolet Q2 net income $29M, EPS $1.92, dividend raised 12%; loans up 2%
NICOLET BANKSHARES INC
2024-Q2 EPS reported
$3.74
- Net income $29M ($1.92 diluted EPS) for Q2 2024, up from $28M ($1.82) in Q1 2024 and $23M ($1.51) in Q2 2023.
- First half 2024 net income $57M ($3.74 EPS) vs $14M ($0.91) in first half 2023; adjusted net income $55M vs $45M.
- Quarterly cash dividend increased 12% to $0.28 per share, paid in Q2.
- Loan growth $132M (2%) quarter-over-quarter; core deposits grew after Q1 seasonal lows.
- Non-core items included prior-year balance sheet repositioning and state tax law change.