Nicolet Bankshares | 10-Q: FY2025 Q2 EPS Beats Estimate at USD 2.34

LB filings
2025.08.01 20:18
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EPS: As of FY2025 Q2, the actual value is USD 2.34, beating the estimate of USD 2.18.

EBIT: As of FY2025 Q2, the actual value is USD 44.

Segment Revenue

  • Interest Income: $230.4 million for the six months ended June 30, 2025, compared to $212.9 million for the same period in 2024.
  • Noninterest Income: $38.9 million for the six months ended June 30, 2025, compared to $39.0 million for the same period in 2024.

Operational Metrics

  • Net Interest Income: $146.3 million for the six months ended June 30, 2025, compared to $128.1 million for the same period in 2024.
  • Provision for Credit Losses: $2.6 million for the six months ended June 30, 2025, compared to $2.1 million for the same period in 2024.
  • Net Income: $68.6 million for the six months ended June 30, 2025, compared to $57.1 million for the same period in 2024.

Cash Flow

  • Operating Cash Flow: $80.7 million for the six months ended June 30, 2025, compared to $60.7 million for the same period in 2024.
  • Free Cash Flow: Operating cash flow and investing activities indicate a net cash used in investing activities of -$238.0 million for the six months ended June 30, 2025.

Unique Metrics

  • Nonperforming Assets: $29 million, representing 0.32% of total assets at June 30, 2025, compared to $29 million or 0.33% of total assets at December 31, 2024.

Future Outlook and Strategy

Core Business Focus

  • Loan Growth: Focus on commercial and industrial loans, with loans increasing by $213 million from December 31, 2024 to June 30, 2025.
  • Deposit Growth: Total deposits increased by $138 million from December 31, 2024 to June 30, 2025, with growth in interest-bearing demand and time deposits.

Priority

  • Net Interest Margin Improvement: Net interest margin was 3.65% for the six months ended June 30, 2025, compared to 3.37% for the same period in 2024.
  • Operational Efficiency: Noninterest expense increased by $4 million (4%) from the first six months of 2024, indicating a focus on managing operational costs.
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