Nicolet Bankshares Inc reports results for the quarter ended June 30 - Earnings Summary

• Nicolet Bankshares Inc NIC reported quarterly adjusted earnings of $2.34​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.92. The mean expectation of five analysts for the quarter was for earnings of $2.15 per share. Wall Street expected results to range from $2.04 to $2.28 per share.

• Revenue rose 14.9% to $75.11 million from a year ago; analysts expected $72.73 million.

• Nicolet Bankshares Inc's reported EPS for the quarter was $2.34​.

• The company reported quarterly net income of $36.04 million.

• Nicolet Bankshares Inc shares had risen by 5.7% this quarter and gained 24.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Nicolet Bankshares Inc is $125.00, about 0.9% below its last closing price of $126.17

This summary was machine generated from LSEG data July 15 at 08:50 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)