Nicolet Bankshares Set to Report Earnings With Analysts Expecting 68% Revenue Growth
Nicolet Bankshares, Inc. (NYSE:NIC) is scheduled to release its quarterly earnings results on Tuesday after the market closes. Wall Street consensus projects the regional lender's revenue to expand 68.2% compared to the same period last year, marking an acceleration from the 13.2% year-over-year increase registered in the prior-year quarter. Analysts covering the firm have largely maintained their estimates over the past month.
The upcoming report follows a strong previous quarter in which the bank generated $179.4 million in revenue, representing an 86.5% jump year-over-year that surpassed expectations. That performance was driven by a narrow beat in net interest income alongside tangible book value per share matching estimates. Early reports from regional banking peers show modest top-line growth, with Independent Bank delivering a 7.4% revenue increase and Regions Financial posting a 2.6% rise.
Regional banking shares have faced headwinds recently, falling an average of 4.9% over the past month, while Nicolet Bankshares stock has held up better with a 1.1% decline to around $163.80. Market participants will be watching whether the company can maintain its pattern of outperforming expectations and move closer to Wall Street's average price target of $191.80.
Key points
- Nicolet Bankshares, Inc. (NYSE:NIC) will report quarterly earnings after the market closes on Tuesday.
- Analysts expect revenue to grow 68.2% year-over-year, up from 13.2% growth in the same period last year.
- Consensus estimates have remained steady over the last 30 days heading into the earnings report.
- In the previous quarter, the bank reported $179.4 million in revenue, up 86.5% from the prior year.
- Wall Street maintains an average analyst price target of $191.80 for the stock.
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When will Nicolet Bankshares report its earnings?
Nicolet Bankshares is scheduled to release its earnings results on Tuesday after the market closes.
What are analysts expecting for Nicolet Bankshares' revenue growth?
Wall Street expects revenue to grow 68.2% year-over-year for the quarter, an acceleration from the 13.2% growth recorded in the same period last year.
What is the average price target for Nicolet Bankshares stock?
Wall Street analysts have an average price target of $191.80 for Nicolet Bankshares, compared to its recent price of $163.80.