Nicolet Bankshares Q4 2020 Earnings Report
Key Takeaways
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.
Net income for Q4 2020 was $18.0 million, a 46% increase from Q4 2019.
Earnings per diluted common share for Q4 2020 were $1.74, compared to $1.18 for Q4 2019.
Return on average assets for Q4 2020 was 1.58%.
The company paid off $334 million Paycheck Protection Program Liquidity Facility, $6 million TRUPS and $12 million subordinated notes in Q4 2020.
Nicolet Bankshares
Nicolet Bankshares
Nicolet Bankshares Revenue by Segment
Forward Guidance
Nicolet Bankshares anticipates increased consolidation within the industry due to continued headwinds. The company believes there are opportunities to create shareholder value through accretive acquisitions.