secwatch.observer — SEC 8-K summary
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Issuer:     NICOLET BANKSHARES INC (NIC)
CIK:        0001174850
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0001174850-22-000046
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nicolet Q3 net income $19M ($1.29 EPS); Charter acquisition adds $1.1B assets
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- Net income $19M vs $24M prior quarter; adjusted net income $25M ($1.74 adj. EPS).
- Completed Charter Bankshares acquisition Aug 26 for $137M (1.26M shares + $39M cash), adding $1.1B assets.
- Net interest margin up 14bps to 3.48%; organic loan growth annualized 14.2% ex-Charter.
- Nonperforming assets 0.45% of total assets; net charge-offs negligible.
- Noninterest expense up 17% QoQ, driven by personnel costs from wealth team investments and Charter-related expenses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174850/000117485022000046/0001174850-22-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174850/000117485022000046/nic-20221025.htm
  HTML page:      https://secwatch.observer/filing/0001174850-22-000046

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