earnings
confidence high
sentiment positive
materiality 0.70
Nicolet Bankshares Q1 net income $33M, EPS $2.08; board adds $60M to buyback
NICOLET BANKSHARES INC
2025-Q1 EPS reported
$2.08
- Net income $33M ($2.08 diluted EPS) vs. $28M ($1.82) in Q1 2024; net interest margin 3.58%.
- Loans grew $119M (2%) from year-end; core deposits up $62M (1%); total assets $9.0B.
- Repurchased 233,207 shares for $26M in Q1; board approved $60M additional buyback on Apr 15.
- Nonperforming assets $29M (0.33% of assets); allowance for credit losses $67M (1.00% of loans).
- CEO cites top-quartile profitability, disciplined growth, and M&A patience while focusing on buybacks.