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

Nicolet Bankshares Q1 2024 net income $28 million, down from $31 million in Q4

Mixed Impact 3 of 5 earnings Written later

Nicolet Bankshares reported first quarter 2024 net income of $28 million, or $1.82 per diluted share, down from $31 million, or $2.02 per diluted share, in the fourth quarter of 2023. Results improved from a net loss of $9 million, or $0.61 per diluted share, in the first quarter of 2023, which included a balance sheet repositioning loss. The sequential decline came mainly from lower noninterest income and net interest income.

Key points

  • Diluted EPS of $1.82 for Q1 2024, compared with $2.02 in Q4 2023 and a loss of $0.61 in Q1 2023
  • Net interest income of $63 million, down $1 million from Q4 2023; net interest margin of 3.26% versus 3.30%
  • Noninterest income of $19 million, down $5 million from Q4 2023, mostly due to lower net asset gains
  • Tangible book value per share rose to $44.91 at March 31, 2024; tangible common equity ratio rose to 8.33%

The filing

CompanyNicolet Bankshares (NIC)
Form8-K, current report
Filed with the SECApr 16, 2024, 4:15 PM ET
Accession number0001174850-24-000022

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:39 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 April 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.