Welcome to our dedicated page for Nicolet Bankshares news (Ticker: $NIC), a resource for investors and traders seeking the latest updates and insights on Nicolet Bankshares stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nicolet Bankshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nicolet Bankshares's position in the market.
Rhea-AI Summary
Nicolet Bankshares, Inc. reported a net income of $28 million for the first quarter of 2024, with earnings per diluted common share of $1.82. The company's tangible common equity ratio increased to 8.33%, and credit quality remained strong with nonperforming assets stable at 0.33% of total assets. The company's financial performance metrics were robust, with a 17.07% return on average tangible common equity and a tangible book value per share of $44.91. Nicolet is well-positioned for growth and has various options for capital deployment, including organic growth, M&A, and capital return to shareholders through share buybacks and dividends.
Rhea-AI Impact
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End-of-Day
-2.25%
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Rhea-AI Summary
Nicolet National Bank, a subsidiary of Nicolet Bankshares, Inc. (NYSE: NIC), appoints William Bohn as Executive Vice President of Wealth Management, Private Client, and Trust Services. Bohn brings over 30 years of banking experience, having held senior executive roles at USI Insurance Services and Associated Banc-Corp. He will report to Mike Daniels, overseeing various key areas. Bohn's leadership and community-focused approach align well with Nicolet's growth strategy and culture.
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Rhea-AI Sentiment
End-of-Day
2.47%
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Nicolet Bankshares, Inc. (NIC) declares a quarterly cash dividend of $0.25 per share to its common stock shareholders. The dividend will be paid on March 15, 2024, to shareholders of record as of March 8, 2024.
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End-of-Day
1.26%
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Rhea-AI Summary
Nicolet Bankshares, Inc. (NIC) reported a net income of $31 million for Q4 2023, compared to $17 million in Q3 2023, and $28 million in Q4 2022. For the year ended December 31, 2023, net income was $62 million, down from $94 million in 2022. The company's financial performance was impacted by a balance sheet repositioning, tax law changes, and an acquisition. The net interest margin increased to 3.30%, and there was a solid loan growth of $115 million (2%). Nonperforming assets decreased to 0.33% of total assets. The company's noninterest income for 2023 was down $22 million from 2022, but excluding net asset gains (losses), it saw a $14 million increase. Noninterest expenses increased by $25 million, and the income tax expense was $25 million for 2023. Nicolet's financial results were impacted by the Wisconsin State Budget signed in July 2023, which included language providing financial institutions with an exemption from state taxable income for certain loans.
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Rhea-AI Sentiment
End-of-Day
6.36%
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Rhea-AI Summary
Nicolet Bankshares, Inc. (NIC) declares a quarterly cash dividend of $0.25 per share, payable on December 15, 2023, to shareholders of record as of December 1, 2023.
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Rhea-AI Sentiment
End-of-Day
0.36%
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Rhea-AI Summary
Nicolet Bankshares, Inc. (NYSE: NIC) announces the planned transition of Co-Founder and Executive Chairman Robert Atwell, effective January 1, 2024. Atwell will step down as Executive Chairman but remain as a current director. The board is expected to elect current President and CEO Mike Daniels as Chairman of the Board at that time. Atwell and Daniels co-founded Nicolet in 2000, growing it to the second-largest bank in Wisconsin with 56 branches, over 1,000 employees, and $8.5 billion in assets.
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Rhea-AI Sentiment
End-of-Day
-0.55%
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Nicolet Bankshares, Inc. announces Q3 2023 net income of $17 million, a decrease from Q2 2023, impacted by changes in Wisconsin tax law. Wealth assets under management increased by 24% from 2022.
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End-of-Day
-1.54%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.53%
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Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
5.33%
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Rhea-AI Summary
KBRA affirms the ratings of Nicolet Bankshares, Inc. and its subsidiary Nicolet National Bank. The ratings are supported by favorable management, strong core performance, and a solid deposit base. The primary credit constraint is the company's degraded capital position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
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Nicolet Bankshares,Inc.
NYSE:NIC
NIC Rankings
NIC Stock Data
1.19B
13.09M
12.01%
44.13%
1.68%
Commercial Banking
Finance and Insurance
United States of America
GREEN BAY
About NIC
nicolet national bank opened in november of 2000 as green bay’s newest community bank. nicolet national is dedicated to fostering the continued growth of green bay and the surrounding communities through a diverse array of products and services. nicolet national’s staff of experienced commercial and retail bankers is committed to understanding the financial needs of you and your business. by offering competitive solutions in commercial lending, private banking and retail banking, nicolet national is devoted to helping businesses and individuals achieve their financial goals. nicolet national bank distinguishes itself by providing unmatched customer service to each and every one of its clients. nicolet national offers localized, knowledgeable decision-making designed to create long-lasting relationships within the community. from multi-million dollar commercial loans, to small personal loans, nicolet national can deliver a customized solution to suit your needs. our staff understands th