secwatch.observer — SEC 8-K summary
======================================

Issuer:     NICOLET BANKSHARES INC (NIC)
CIK:        0001174850
Form:       8-K
Filed at:   2022-07-19T23:59:59+00:00
Accession:  0001174850-22-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174850/000117485022000033/0001174850-22-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174850/000117485022000033/ncbs-20220719.htm
  HTML page:      https://secwatch.observer/filing/0001174850-22-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer