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AI brief of an SEC Form 8-K · Nicolet Bankshares (NIC)

Nicolet Bankshares Q4 net income rises to $31 million; 2023 profit falls to $62 million

Mixed Impact 3 of 5 earnings Written later

Nicolet Bankshares reported fourth-quarter 2023 net income of $31 million, or $2.02 per diluted share, up from $1.83 a year earlier and $1.14 in the third quarter. Full-year 2023 net income fell to $62 million, or $4.08 per diluted share, from $94 million, or $6.56, in 2022, with results affected by a first-quarter Treasury securities sale loss and a $9.1 million Wisconsin tax valuation charge. Shareholders see a stronger quarter but a weaker year, and management said it is positioned to maintain momentum into 2024.

Key points

  • Q4 2023 net income $31 million and diluted EPS $2.02, versus $1.83 in Q4 2022 and $1.14 in Q3 2023
  • Full-year 2023 net income $62 million and diluted EPS $4.08, versus $94 million and $6.56 in 2022
  • Q4 2023 net interest margin 3.30%, up 14 bps from Q3 2023; full-year margin 3.18%, down 22 bps
  • Tangible common equity ratio rose to 7.98% at December 31, 2023; nonperforming assets $28 million

The filing

CompanyNicolet Bankshares (NIC)
Form8-K, current report
Filed with the SECJan 16, 2024, 4:09 PM ET
Accession number0001174850-24-000003

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 16, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.