Every material Form 8-K Nicolet Bankshares filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Nicolet Bankshares reported third quarter 2024 net income of $33 million, or $2.10 per diluted share, up from $29 million and $1.92 in the second quarter and from $17 million and $1.14 in the third quarter of 2023. For the first nine months of 2024, net income was $90 million, or $5.84 per diluted share, compared with $31 million and $2.05 a year earlier, and the company said asset quality remained solid.
Q3 2024 net income $33 million and diluted EPS $2.10, versus $29 million and $1.92 in Q2 2024
Nine-month 2024 net income $90 million and diluted EPS $5.84, versus $31 million and $2.05 in the same period of 2023
Net interest margin 3.44% for Q3 2024, up from 3.35% in Q2 2024; nonperforming assets 0.31% of total assets at September 30, 2024
Nicolet Bankshares reported second quarter 2024 net income of $29 million, or $1.92 per diluted share, compared with $23 million, or $1.51 per diluted share, in the second quarter of 2023 and $28 million, or $1.82, in the first quarter of 2024. For the first half of 2024, net income was $57 million, or $3.74 per diluted share, compared with $14 million, or $0.91, in the first half of 2023.
Q2 2024 net income $29 million and diluted EPS $1.92, versus $28 million and $1.82 in Q1 2024 and $23 million and $1.51 in Q2 2023
Net interest margin was 3.35% for Q2 2024, up from 3.26% in Q1 2024
Total loans rose $132 million (2%) from March 31, 2024, to $6.5 billion at June 30, 2024
Quarterly cash dividend of $0.28 per common share, a 12% increase over the first quarter
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.
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%
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.
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
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Nicolet Bankshares filing is on SEC EDGAR ↗. 8-K briefs of other companies →