secwatch.observer — SEC 8-K summary
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Issuer:     NICOLET BANKSHARES INC (NIC)
CIK:        0001174850
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0001174850-23-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nicolet posts Q1 net loss of $9M; sells $500M Treasuries to reposition balance sheet
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- Net loss of $9M ($0.61 diluted EPS loss); core banking operations earned $22M (Non-GAAP).
- Sold $500M HTM U.S. Treasuries for $38M pre-tax loss; expects ~$17M annual NII increase.
- Net interest margin fell to 2.91% from 3.39% in Q4; total deposits declined 3% to $6.9B.
- Tangible common equity ratio improved to 7.21%; nonperforming assets at 0.50% of total assets.
- Non-core items reduced EPS by $2.06; management expects NIM improvement in coming quarters.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174850/000117485023000016/0001174850-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174850/000117485023000016/nic-20230418.htm
  HTML page:      https://secwatch.observer/filing/0001174850-23-000016

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