secwatch.observer — SEC 8-K summary
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Issuer:     NICOLET BANKSHARES INC (NIC)
CIK:        0001174850
Form:       8-K
Filed at:   2021-10-19T23:59:59+00:00
Accession:  0001174850-21-000075
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nicolet Q3 net income falls to $7.8M on Mackinac acquisition costs; County Bancorp merger to close Dec 3
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- Q3 2021 net income of $7.8M ($0.73 diluted EPS) vs $18.3M ($1.77) in Q2 2021, impacted by Mackinac acquisition integration costs.
- Mackinac acquisition closed Sep 3: added $1.5B assets, total purchase price $229M (2.3M shares + $49M cash).
- County Bancorp merger received all regulatory and shareholder approvals; expected to close Dec 3, 2021.
- Net interest margin declined 51bps to 2.94%; share repurchases of 233,594 shares for $17.1M during quarter.
- Nonperforming assets increased to $21M (0.33% of assets) from $10M due to Mackinac; credit metrics remain strong.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174850/000117485021000075/0001174850-21-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174850/000117485021000075/ncbs-20211019.htm
  HTML page:      https://secwatch.observer/filing/0001174850-21-000075

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