secwatch.observer — SEC 8-K summary
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Issuer:     NICOLET BANKSHARES INC (NIC)
CIK:        0001174850
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0001174850-23-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174850/000117485023000027/0001174850-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174850/000117485023000027/nic-20230718.htm
  HTML page:      https://secwatch.observer/filing/0001174850-23-000027

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