Nicolet Bankshares Q2 net income $23M, EPS $1.51, NIM expands to 3.14%

NICOLET BANKSHARES INC

2023-Q2 EPS reported $0.91

Net income of $23M ($1.51 diluted EPS) vs net loss $9M in Q1 2023; down from $24M in Q2 2022.
Net interest margin 3.14%, up 23 bps from Q1; net interest income $59M.
Nonperforming assets fell to 0.32% of total assets from 0.50% after nonaccrual loan sale.
First quarterly cash dividend of $0.25 per share paid in Q2.
Q1 loss driven by sale of $500M Treasury securities for $38M pre-tax loss as part of balance sheet repositioning.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NICOLET BANKSHARES INC reported second quarter 2023 results: net income net income of $23 million, EPS earnings per diluted common share of $1.51.

Period: second quarter 2023
Net income: net income of $23 million
EPS: earnings per diluted common share of $1.51
Result: reported results

Exact text from the filing

Nicolet Bankshares, Inc. (NYSE: NIC) ("Nicolet") announced second quarter 2023 net income of $23 million and earnings per diluted common share of $1.51

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NICOLET BANKSHARES INC reported six months ended June 30, 2023 results: net income Net income ... was $14 million, EPS earnings per diluted common share of $0.91.

Period: six months ended June 30, 2023
Net income: Net income ... was $14 million
EPS: earnings per diluted common share of $0.91
Result: reported results

Exact text from the filing

Net income for the six months ended June 30, 2023 was $14 million and earnings per diluted common share of $0.91

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Source: SEC EDGAR

accession 0001174850-23-000027

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