secwatch.observer — SEC 8-K summary
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Issuer:     NICOLET BANKSHARES INC (NIC)
CIK:        0001174850
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001174850-23-000035
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 $17M ($1.14 EPS); Wisconsin tax change lowers future rate to 19.5%
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- Net income $17M ($1.14 diluted EPS) vs $23M ($1.51) in Q2; adjusted net income $23M (non-core items -$0.40/share).
- NIM improved 2 bps to 3.16%; net interest income $61M, up $2M sequentially on loan repricing and investable cash.
- Wisconsin tax law change: one-time $9.1M charge in Q3, but ongoing state exemption reduces future effective tax rate from 25% to 19.5%.
- Subsequent event: Sold UFS membership interest for $10M, pre-tax gain ~$9M to be recognized in Q4 2023.
- Wealth assets under management up 24% from year-end 2022; asset quality stable (NPAs 0.37%, ACL 1.01%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174850/000117485023000035/0001174850-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174850/000117485023000035/nic-20231024.htm
  HTML page:      https://secwatch.observer/filing/0001174850-23-000035

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