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 (NYSE: NIC) reported strong Q2 2024 results with net income of $29 million, up from $28 million in Q1 2024 and $23 million in Q2 2023. Earnings per diluted share reached $1.92, compared to $1.82 in Q1 2024 and $1.51 in Q2 2023. The company saw solid loan growth of $132 million (2%) and an increase in core deposits. Key highlights include:
- Net interest income rose to $65 million, up $3 million from Q1 2024
- Net interest margin improved to 3.35%, up 9 bps from Q1 2024
- Noninterest income remained stable at $20 million
- Asset quality remained strong with nonperforming assets at 0.34% of total assets
- Quarterly cash dividend increased by 12% to $0.28 per common share
The company's performance demonstrates resilience in the face of market headwinds, with improvements in core business lines and strategic positioning for continued growth.
Nicolet Bankshares (NYSE: NIC) has announced a quarterly cash dividend of $0.28 per share, marking a 12% increase from the previous quarter's dividend of $0.25. This decision highlights the Board of Directors' confidence in the company's financial health and commitment to delivering shareholder value. The dividend will be payable on June 14, 2024, to shareholders of record as of June 3, 2024.
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