Welcome to our dedicated page for Nicolet Bankshar news (Ticker: NIC), a resource for investors and traders seeking the latest updates and insights on Nicolet Bankshar stock.
Nicolet Bankshares Inc (NIC) provides community-focused banking services through commercial lending, deposit solutions, and personalized financial products. This page aggregates official press releases and relevant news updates for investors and stakeholders.
Access timely updates on earnings announcements, leadership changes, strategic initiatives, and regulatory filings. Our curated collection ensures efficient tracking of material developments affecting NIC's position in the banking sector.
Key updates include quarterly financial results, merger & acquisition activity, product launches, and community impact initiatives. All content is sourced directly from company communications and verified financial publications.
Bookmark this page for streamlined access to NIC's latest developments. Check back regularly for authoritative updates on this Wisconsin-based bank's operations and market performance.
Nicolet Bankshares reported a first quarter 2023 net loss of $9 million compared to $28 million profit in Q4 2022. Earnings per diluted share fell to $0.61, down from $1.83 in the previous quarter. Despite the loss, core banking operations generated $22 million adjusted net income due to loan and wealth management growth. The company repositioned its balance sheet by selling $500 million in U.S. Treasuries, incurring a $38 million pre-tax loss but positioning for expected improvement in net interest income. At March 31, total assets decreased to $8.2 billion, with core deposits stable at $6.9 billion. Nonperforming assets were 0.50% of total assets. Nicolet anticipates improved earnings from these strategic moves and remains well-positioned for growth amid banking sector volatility.
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