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Dec 31, 2019
Nicolet Bankshares Q4 2019 Earnings Report
Reported record earnings for 2019 and net income above fourth quarter 2018.
Key Takeaways
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.
Net income for Q4 2019 was $12.3 million, a 13% increase compared to Q4 2018.
Earnings per diluted common share for Q4 2019 were $1.18.
Return on average assets for Q4 2019 was 1.46%.
The acquisition of Choice Bancorp, Inc. was completed on November 8, 2019.
Nicolet Bankshares
Nicolet Bankshares
Nicolet Bankshares Revenue by Segment
Revenue by Segment
Mortgage income Revenue
CapyFin.comService charges Revenue
CapyFin.comCard interchange Revenue
CapyFin.comBOLI income Revenue
CapyFin.comOther income Revenue
CapyFin.com Forward Guidance
For 2020, the focus will be on driving core earnings growth through expanded customer base and capitalizing on investments in technology and infrastructure for additional operating leverage. They are well positioned to increase shareholder value through prudent common stock repurchases and by leveraging strength as a bank consolidator.
Positive Outlook
- Driving core earnings growth through expanded customer base
- Capitalizing on investments in technology
- Capitalizing on investments in infrastructure
- Increasing shareholder value through prudent common stock repurchases
- Leveraging strength as a bank consolidator