Nicolet Q4 net income $31M, EPS $2.02; core net income highest in 23 years

NICOLET BANKSHARES INC

2023-FY EPS reported $4.08

Q4 net income $31M (EPS $2.02) vs Q3 $17M ($1.14); adjusted net income $28M.
Net interest margin 3.30%, up 14 bps QoQ; loan growth $115M (2%).
Nonperforming assets 0.33% of assets, down from 0.37% Q3; tangible common equity 7.98%.
Full-year 2023 net income $62M ($4.08 EPS) vs 2022 $94M ($6.56); adjusted $101M vs $99M.
CEO cites highest quarterly core net income in history; momentum into 2024.

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 0.9

NICOLET BANKSHARES INC reported the quarter and year ended December 31, 2023 results: net income Net income of $31 million, EPS earnings per diluted common share of $2.02.

Period: the quarter and year ended December 31, 2023
Net income: Net income of $31 million
EPS: earnings per diluted common share of $2.02
Result: reported results

Exact text from the filing

On January 16, 2024, Nicolet Bankshares, Inc. (“Nicolet”) announced its earnings for the quarter and year ended December 31, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NICOLET BANKSHARES INC reported the year ended December 31, 2023 results: net income Net income of $62 million, EPS earnings per diluted common share of $4.08.

Period: the year ended December 31, 2023
Net income: Net income of $62 million
EPS: earnings per diluted common share of $4.08
Result: reported results

Exact text from the filing

Net income for the year ended December 31, 2023 was $62 million and earnings per diluted common share of $4.08

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Source: SEC EDGAR

accession 0001174850-24-000003

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