earnings
confidence high
sentiment positive
materiality 0.75
Nicolet Q2 net income $18.3M ($1.77 EPS); Mackinac merger cleared, County deal announced
NICOLET BANKSHARES INC
2021-Q2 EPS reported
$3.52
- Q2 2021 net income $18.3M ($1.77 diluted EPS), up 36% from Q2 2020; ROAA 1.62%.
- Net interest margin expanded 14bps to 3.45%; PPP loan forgiveness accelerated.
- Noninterest income $20.2M including $4.2M gain from equity IPO; expense $30.7M with $2M contract termination.
- Mackinac merger received shareholder & regulatory approvals; expected to close Q3 2021.
- County Bancorp merger (total assets $1.5B) announced June 22; expected close Q4 2021 subject to approvals.