Nicolet Bankshares, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 04:30 pm EDT
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Nicolet Bankshares, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 61.47 million compared to USD 62.99 million a year ago. Net income was USD 17.16 million compared to USD 18.51 million a year ago. Basic earnings per share from continuing operations was USD 1.16 compared to USD 1.33 a year ago. Diluted earnings per share from continuing operations was USD 1.14 compared to USD 1.29 a year ago.
For the nine months, net interest income was USD 177.23 million compared to USD 171.87 million a year ago. Net income was USD 30.86 million compared to USD 66.66 million a year ago. Basic earnings per share from continuing operations was USD 2.1 compared to USD 4.88 a year ago. Diluted earnings per share from continuing operations was USD 2.05 compared to USD 4.72 a year ago.
Nicolet Bankshares, Inc. is the bank holding company of Nicolet National Bank (the Bank), a full-service, community bank providing services ranging from commercial, agricultural and consumer banking to wealth management and retirement plan services. The Bank operates branches in Wisconsin, Michigan and Minnesota. The Company offers a variety of loans, deposits and related services to business customers, including business checking and other business deposit products and cash management services, international banking services, as well as retirement plan services. It offers a variety of banking products and services to consumers, including residential mortgage loans and mortgage refinancing, home equity loans and lines of credit, residential construction loans, safe deposit boxes, and personal brokerage, trust and fiduciary services. The Company delivers its products and services through approximately 56 bank branch locations, online banking, mobile banking and an interactive Website.