NIC
Nicolet Bankshares, Inc.131.53
-0.77-0.58%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.95BP/E (TTM)
14.07Basic EPS (TTM)
9.35Dividend Yield
0.01%Recent Filings
8-K
10-Q
Q3 FY2025 results
Nicolet Bankshares posted solid Q3 results, with net income hitting $41.7 million, up 28% year-over-year, driven by net interest income climbing 16% to $79.3 million on 5% loan growth to $6.9 billion and a 35 bps net interest margin expansion to 3.86%. Noninterest income rose 6% to $23.6 million, fueled by 25% higher mortgage gains and 8% wealth management fees, while noninterest expense edged up 2% to $50.1 million amid personnel and marketing costs. Provision for credit losses stayed low at $1.0 million, with nonperforming assets dipping to 0.31% of total assets; free cash flow not disclosed in the 10-Q. Deposits grew 3% to $7.6 billion, bolstering liquidity with $474 million in cash equivalents and $1.2 billion in total borrowing availability. On October 23, 2025, Nicolet announced an all-stock merger with MidWestOne, swapping 0.3175 shares per MidWestOne share, expected to close in H1 2026 pending approvals. Yet regulatory hurdles could delay integration.
8-K
Nicolet merges with MidWestOne
Nicolet Bankshares announced an all-stock merger with MidWestOne Financial on October 23, 2025, exchanging 0.3175 Nicolet shares per MidWestOne share for $864 million in value, creating a $15.3 billion-asset powerhouse across the Upper Midwest. The deal boosts scale with complementary footprints, projecting 37% earnings accretion in 2026 while diluting tangible book value mildly. It closes in H1 2026, pending approvals. Regulatory hurdles loom large.
8-K
Record Q3 earnings hit $42M
Nicolet Bankshares posted record Q3 2025 net income of $42 million, up from $36 million last quarter and $33 million a year ago, fueled by net interest income climbing to $79 million on a 3.86% margin—14 basis points higher. Core deposits surged $223 million, while loans grew $36 million, mainly in construction and agriculture; the bank repurchased 155,393 shares for $21 million. Asset quality held steady at 0.31% nonperformers. Momentum builds.
8-K
CEO Daniels extends to 2030
Nicolet Bankshares extended CEO Mike Daniels' leadership through 2030, approving a $12 million equity award of up to 90,000 shares to align his incentives with long-term growth. The package includes 30,000 restricted shares vesting on service through December 31, 2030, plus up to 60,000 performance units tied to peer ROAA and cumulative EPS targets starting January 1, 2026. This move leverages Daniels' founder expertise amid Nicolet's $9 billion asset base. Succession remains internal.
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