Nicolet Bankshares Inc. (NIC) is a Wisconsin-based bank holding company that was established in 2000. Listed on the NASDAQ Stock Market, NIC is the parent company of Nicolet National Bank, a well-regarded commercial bank that provides a comprehensive range of banking products and services to businesses and individuals in Northeast and Central Wisconsin, and the Upper Peninsula of Michigan.
Nicolet Bankshares Inc. operates through two segments: Community banking and Wealth Management. The Community banking segment provides services such as consumer and business deposit products, commercial and residential real estate lending, commercial and industrial (C&I) lending, and treasury management services. The wealth management segment, on the other hand, offers trust, brokerage, retirement planning, and insurance services.
Over the years, Nicolet Bankshares Inc. has experienced steady growth, both organically and through strategic mergers and acquisitions. It has always focused on its commitment to the communities they serve, offering a broad spectrum of financial services and emphasizing personal relationships rather than transactions. Unlike many larger banks, the decision-making process at Nicolet Bankshares Inc. is local, efficient, and flexible.
Nicolet Bankshares Inc. has established a strong financial position. It reported solid earnings in its quarterly and annual financial statements, thus demonstrating its ability to maintain a steady income stream even in a challenging economic climate. It also has a healthy return on equity (ROE), a key measure of a bank's profitability.
Under the capable leadership of its top executives and with the dedication of its committed employees, Nicolet Bankshares Inc. continues to excel in its mission to serve its clients with a localized, customer-centric approach that sets it apart from other competitors. As the company moves forward, it is committed to expanding its services, improving customer experiences, and contributing to the economic development of the regions it serves.
Moreover, Nicolet Bankshares Inc. has also been actively involved in various community initiatives. It has consistently donated a portion of its profits to local charities, non-profits, and community projects.
In summary, Nicolet Bankshares Inc., through its subsidiary Nicolet National Bank, exemplifies the qualities of a successful, socially responsible, and customer-friendly regional banking institution. It has beautifully mixed the traditional, community-centric banking model with modern banking conveniences, thus creating a niche for itself in the crowded banking industry.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
This article analyzes the Q2 earnings performance of Nicolet Bankshares (NYSE:NIC) and other regional banks. It highlights Nicolet Bankshares' strong revenue growth and outlines the best and weakest performers among regional banks for Q2, noting the overall mixed results for the sector. The article also touches on the challenges faced by regional banks and recent market concerns.
This article evaluates three small-cap stocks, recommending one to sell and two to watch. Albany (AIN) is advised against due to declining sales, earnings, and eroding returns. Matrix Service (MTRX) and Nicolet Bankshares (NIC) are highlighted as potential strong performers based on increased profitability, free cash flow, and strong net interest income growth respectively.
The California State Teachers Retirement System significantly increased its stake in Nicolet Bankshares Inc. (NIC) by 16,046.8% in the second quarter, now holding 19.52% of the company, valued at $676.82 million. Analysts have a "Moderate Buy" consensus rating with an average price target of $183.00, following Nicolet's strong quarterly earnings of $2.99 EPS and $177.75 million in revenue, exceeding expectations. Despite some insider selling, the company also declared a quarterly dividend of $0.36.
Old Mission Investment Co LLC has acquired a new position in Nicolet Bankshares Inc. (NYSE:NIC), purchasing 5,839 shares valued at $966,000. This move aligns with other institutional investors increasing their stakes, as 43.06% of NIC stock is now institutionally owned. Nicolet Bankshares recently exceeded quarterly earnings expectations, reported strong revenue, and declared a quarterly dividend of $0.36 per share.
Legal & General Group Plc has acquired 46,176 shares of Nicolet Bankshares Inc. for approximately $7.6 million, establishing a new position in the company. Institutional investors now collectively own 43.06% of Nicolet Bankshares. The company reported strong quarterly earnings, exceeding analyst estimates for both EPS and revenue, and declared a quarterly dividend of $0.36 per share.
Bank of New York Mellon Corp significantly increased its stake in Nicolet Bankshares Inc. by purchasing 53,319 additional shares, bringing its total holdings to 139,427 shares valued at $23.1 million. This comes as Nicolet Bankshares reported strong quarterly earnings and revenue that exceeded analyst expectations. The company also declared a quarterly dividend of $0.36 per share, while institutional investors collectively own 43.06% of the stock.
Jupiter Topco LLC has acquired a new stake of 72,728 shares in Nicolet Bankshares Inc. (NIC), valued at approximately $12.03 million, making up about 0.35% of the company's stock. This comes as Nicolet Bankshares reported strong quarterly earnings, beating analyst estimates, and announced a quarterly dividend. Despite insider selling, institutional investors collectively own 43.06% of the company, and analysts maintain a "Moderate Buy" rating with an average price target of $183.
North Star Asset Management Inc. has initiated a new $6.23 million investment in Nicolet Bankshares Inc. (NYSE:NIC), acquiring 37,675 shares. This investment makes North Star Asset Management Inc. the owner of approximately 0.18% of the company, with institutional investors collectively holding 43.06% of NIC. Nicolet Bankshares recently exceeded quarterly earnings expectations, reporting $2.99 EPS against a $2.85 consensus and $177.75 million in revenue against $171.93 million expected, while analysts maintain a "Moderate Buy" rating with an average price target of $183.
The Manufacturers Life Insurance Company recently invested $30.90 million in Nicolet Bankshares Inc. by acquiring 186,808 shares, giving them a 0.89% stake. Nicolet Bankshares reported strong quarterly earnings, beating analyst estimates for both EPS and revenue, and declared a quarterly dividend of $0.36 per share. While institutional ownership is significant, company insiders have sold shares totaling approximately $716,000 over the past 90 days.