Nicolet Bankshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 18, 2023 at 09:06 pm
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Nicolet Bankshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 59.04 million compared to USD 55.08 million a year ago. Net income was USD 22.6 million compared to USD 23.99 million a year ago. Basic earnings per share from continuing operations was USD 1.54 compared to USD 1.79 a year ago. Diluted earnings per share from continuing operations was USD 1.51 compared to USD 1.73 a year ago.
For the six months, net interest income was USD 115.76 million compared to USD 108.88 million a year ago. Net income was USD 13.7 million compared to USD 48.15 million a year ago. Basic earnings per share from continuing operations was USD 0.93 compared to USD 3.56 a year ago. Diluted earnings per share from continuing operations was USD 0.91 compared to USD 3.43 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.