Nicolet Q2 net income $24M, EPS $1.73; Charter merger regulatory approvals received

NICOLET BANKSHARES INC

2022-Q2 EPS reported $3.43

Net income $24M (diluted EPS $1.73) vs $18M in Q2 2021, up 31%; ROA 1.32%, ROTCE 19.21%.
Loans grew $295M (6%) from prior quarter, including $100M repurchased Ag loans; organic growth 4%.
Regulatory approvals received for Charter merger; expected to close Q3 2022 with ~1.26M shares + $38.8M cash.
Nonperforming assets declined to $42M (0.56% of assets) from $49M (0.68%) in Q1 2022.
Net interest margin improved to 3.34% from 3.23%; cost of funds up 5bps to 0.40%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.