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Nicolet Bankshares, Inc. Announces First Quarter 2025 Results
Net income $33 million for first quarter 2025, compared to net income of $34 million in prior qua...
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[{"type":"text","content":"Nicolet Bankshares, Inc. Announces First Quarter 2025 Results\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwdoublebottom { border-bottom: double black 2.25pt }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadb4 { padding-bottom: 5px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl3 { padding-left: 15px }\n.bwpadl6 { padding-left: 30px }\n.bwpadl9 { padding-left: 45px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth2 { width: 2% }\n.bwwidth25 { width: 25% }\n.bwwidth4 { width: 4% }\n.bwwidth45 { width: 45% }\n.bwwidth6 { width: 6% }\n.bwwidth7 { width: 7% }\n.bwwidth8 { width: 8% }\n.bwwidth9 { width: 9% }\n.bwwidth97 { width: 97% }\n \n\n\n\n\n\n\n Net income $33 million for first quarter 2025, compared to net income of $34 million in prior quarter, and net income of $28 million for first quarter 2024\n \n\n\n\n\n\n Solid loan growth of $119 million (2%) from year end 2024\n \n\n\n\n\n\n Core deposits increased $62 million (1%) from year end 2024\n \n\n\n\n\n\n Repurchased 233,207 common shares for $26 million during first quarter 2025, and authorized $60 million in additional repurchases\n \n\n\n\n\n\n\n Nicolet Bankshares, Inc. (NYSE: NIC) (“Nicolet”) announced first quarter 2025 net income of $33 million and earnings per diluted common share of $2.08, compared to net income of $34 million and earnings per diluted common share of $2.19 for fourth quarter 2024, and net income of $28 million and earnings per diluted common share of $1.82 for first quarter 2024.\n \n\n “Our first quarter profitability metrics likely place us well within the top quartile of community banks and these results continue to demonstrate that our actions match our words as discussed in our annual report letter,” said Mike Daniels, Chairman, President, and CEO of Nicolet. “We are growing core relation...