Nicolet Bankshares ($NIC) Quarterly Profit Outplays Street Estimates; Revenues Fell Below

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Nicolet Bankshares (NYSE: NIC) revealed its financial results for the first quarter just after the markets closed, providing a breakdown of its latest earnings report.

In the first quarter, the company generated revenues of $71.21 million, falling short of the expected $76.56 million.

The firm’s adjusted earnings per share for the first quarter stood at $2.1, surpassing Wall Street’s estimate of $2.08.

Earnings grew by 22.1 percent and revenue increased by 13.4 percent compared to the same quarter last year.