Nicolet Bankshares (NIC) Q3 FY2023 earnings: revenue $78 million, up 2.7% on the year

Nicolet Bankshares Inc. (NIC) reported revenue of $78 million for Q3 FY2023, the quarter ended 30 September 2023, up 2.7% on the same quarter a year earlier. Net income was $17 million, down 7.3% on the year, and diluted earnings per share $1.14. The figures are the company's own, from the 10-Q it filed with the SEC on 7 November 2023.

Revenue$78 millionup 2.7%

Net income$17 milliondown 7.3%

Diluted EPS$1.14

QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Revenue	78.0	n/a	n/a	n/a
Interest expense	38.4	n/a	n/a	n/a
Pre-tax income	31.8	n/a	n/a	n/a
Income tax	14.7	n/a	n/a	n/a
Effective tax rate	46.1%	n/a	n/a
Net income	17.2	n/a	n/a	n/a
Net margin	22.0%	n/a	n/a
Diluted EPS	$1.14	n/a	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	21.8	n/a	n/a	n/a
Capital expenditure	2.5	n/a	n/a	n/a
Free cash flow	19.3	n/a	n/a	n/a
Cash from investing	88.7	n/a	n/a	n/a
Cash from financing	-69.9	n/a	n/a	n/a
Depreciation and amortisation	3.9	n/a	n/a	n/a
Share-based compensation	1.4	n/a	n/a	n/a
Buybacks	0.0	n/a	n/a	n/a
Dividends paid	3.7	n/a	n/a	n/a
Dividend per share	$0.25	n/a	n/a	n/a
Diluted shares, weighted	15m	n/a	n/a	n/a
Shares outstanding at period end	15m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Shareholders' equity	974	n/a	n/a	n/a
Deposits	7,182	n/a	n/a	n/a
Short-term borrowings	0.0	n/a	n/a	n/a
Debt	198	n/a	n/a	n/a
Other liabilities	61.6	n/a	n/a	n/a
Total liabilities and equity	8,416	n/a	n/a	n/a
Fixed assets	118	n/a	n/a	n/a
Goodwill	367	n/a	n/a	n/a
Intangible assets	28.8	n/a	n/a	n/a
Securities held for sale or to maturity	794	n/a	n/a	n/a
Loans	6,176	n/a	n/a	n/a
Cash and equivalents	546	n/a	n/a	n/a
Other assets	386	n/a	n/a	n/a
Total assets	8,416	n/a	n/a	n/a

Questions

What was Nicolet Bankshares' revenue in Q3 FY2023?

Nicolet Bankshares (NIC) reported revenue of $78 million for Q3 FY2023, the quarter ended 30 September 2023, up 2.7% on the same quarter a year earlier.

How much did Nicolet Bankshares earn in Q3 FY2023?

Net income for Q3 FY2023 was $17 million, down 7.3% on the year, and diluted earnings per share $1.14.

When did Nicolet Bankshares report Q3 FY2023 results?

Nicolet Bankshares filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 7 November 2023.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	78.0	88.7	82.2	85.0	90.7	92.4	89.4	95.7	103	104	135	178
Interest expense	38.4	39.3	41.2	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	31.8	37.4	34.3	36.7	40.8	43.2	40.1	44.8	51.8	50.2	19.0	72.5
Tax rate	46%	18%	19%	20%	20%	20%	19%	20%	20%	20%	20%	22%
Net income	17.2	30.7	27.8	29.3	32.5	34.5	32.6	36.0	41.7	40.3	15.2	56.9
Net margin	22%	35%	34%	34%	36%	37%	36%	38%	41%	39%	11%	32%
Diluted EPS	$1.14	$2.02	$1.82	$1.92	$2.10	$2.19	$2.08	$2.34	$2.73	$2.63	$0.81	$2.62
Operating cash flow	21.8	37.8	23.4	37.3	39.6	33.4	41.8	38.9	45.9	27.0	16.3	93.4
Capital expenditure	2.5	3.5	3.3	2.9	4.9	5.7	0.5	0.5	n/a	3.1	1.2	4.1
Free cash flow	19.3	34.3	20.1	34.4	34.7	27.7	41.3	38.4	n/a	23.9	15.1	89.3
Buybacks	0.0	0.0	0.0	0.0	0.0	10.1	26.0	30.0	20.5	0.0	22.4	40.2
Dividends paid	3.7	3.7	3.8	4.2	4.2	4.3	4.3	4.9	4.7	4.8	6.9	7.7
Shares outstanding	15m	15m	15m	15m	15m	15m	15m	15m	15m	15m	21m	21m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 7 November 2023, accession 0001174850-23-000038: the filing on EDGAR. All of Nicolet Bankshares Inc.'s filings: EDGAR company page.

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