earnings
confidence high
sentiment positive
materiality 0.60
Nicolet Q3 net income $33M, EPS $2.10; asset quality improves
NICOLET BANKSHARES INC
2024-Q3 EPS reported
$5.84
- Net income $33M ($2.10 EPS) in Q3 2024 vs $29M ($1.92) Q2 2024 and $17M ($1.14) Q3 2023.
- YTD 2024 net income $90M ($5.84 EPS) vs $31M ($2.05) in 9M 2023; adjusted net income $87M.
- Tangible common equity to tangible assets rose 64 bps to 9.21%; unrealized securities losses declined.
- Nonperforming assets hit 31 bps, lowest in 3+ years; annualized net charge-offs only 2 bps of loans.