Nicolet Bankshares, Inc. reported a strong financial performance for the second quarter of 2025, with net income reaching $36.0 million, or $2.34 per diluted share, compared to $29.3 million, or $1.92 per diluted share, in the same period last year. For the first half of 2025, the company achieved net income of $68.6 million, translating to $4.42 per diluted share, up from $57.1 million, or $3.74 per diluted share, in the first half of 2024. The increase in profitability was driven by a 14% rise in net interest income, which totaled $146.3 million for the first six months, primarily due to higher interest income from loans and a favorable interest rate environment.
The company's total assets increased to $8.93 billion as of June 30, 2025, a 2% rise from $8.80 billion at the end of 2024. This growth was largely attributed to a $213 million increase in loans, which reached $6.84 billion, with notable growth in commercial and industrial loans. Total deposits also grew by $138 million to $7.54 billion, reflecting a shift towards higher-rate deposit products. The allowance for credit losses on loans stood at $68.4 million, representing 1.00% of total loans, consistent with the previous periods.
In terms of operational developments, Nicolet Bankshares has maintained a focus on expanding its market presence, particularly in Wisconsin, Michigan, and Minnesota. The company has also been active in managing its capital structure, repurchasing approximately $56 million of common stock during the first half of 2025, while maintaining a strong capital position with a total risk-based capital ratio of 14.0%. The bank's regulatory capital ratios remain above the minimum requirements, qualifying it as well-capitalized under regulatory standards.
Looking ahead, Nicolet Bankshares expressed optimism about its growth trajectory, supported by a diversified loan portfolio and a commitment to enhancing customer service. The company is focused on leveraging its strong financial position to capitalize on strategic opportunities, including potential acquisitions and expanding its product offerings. Management remains vigilant regarding market conditions and interest rate fluctuations, which could impact future earnings and operational performance.
About NICOLET BANKSHARES INC
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.