Nicolet Bankshares Earnings Reports

The company delivered record quarterly net income, supported by solid loan and core deposit growth, improved net interest margin, and seasonal mortgage revenue gains.

Nicolet Bankshares, Inc. announced a strong fourth quarter with net income of $18.0 million, a 46% increase compared to the same quarter in 2019. The company's full-year earnings were also record-breaking, driven by exceptional secondary mortgage revenue and diligent expense management.

Nicolet Bankshares, Inc. announced first quarter 2020 net income of $10.6 million and earnings per diluted common share of $0.98. The company increased its loan loss provision due to economic uncertainty related to the COVID-19 pandemic and temporarily halted its share repurchase program.

Nicolet Bankshares, Inc. reported a strong fourth quarter with net income of $12.3 million and earnings per diluted common share of $1.18. The acquisition of Choice Bancorp, Inc. was consummated on November 8, 2019, adding $457 million in assets.