Nicolet Bankshares Inc (N:NIC)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 111 N Washington St GREEN BAY WI 54301-4255 |
| Tel: | 1-920-6174540 |
| Website: | https://investors.nicoletbank.com |
| IR: | See website |
| Key People | ||
| Michael E. Daniels Chairman of the Board, President, Chief Executive Officer | H. Phillip Moore Chief Financial Officer | Eric James Witczak Executive Vice President, Secretary; Executive Vice President & Chief Operating Officer of Nicolet Bank |
| Brad Vincent Hutjens Executive Vice President, Chief Credit Officer, Chief Compliance and Risk Manager of Nicolet Bank | Patrick Joseph Madson Senior Vice President - Wealth Management of Nicolet Bank | |
| Business Overview |
| Nicolet Bankshares, Inc. is the bank holding company of Nicolet National Bank (the Bank), a full-service, community bank providing services ranging from commercial, agricultural and consumer banking to wealth management and retirement plan services. The Bank operates branches in Wisconsin, Michigan and Minnesota. The Company offers a variety of loans, deposits and related services to business customers, including business checking and other business deposit products and cash management services, international banking services, as well as retirement plan services. It offers a variety of banking products and services to consumers, including residential mortgage loans and mortgage refinancing, home equity loans and lines of credit, residential construction loans, safe deposit boxes, and personal brokerage, trust and fiduciary services. The Company delivers its products and services through approximately 56 bank branch locations, online banking, mobile banking and an interactive Website. |
| Financial Overview |
| For the three months ended 31 March 2024, Nicolet Bankshares Inc interest income increased 19% to $104M. Net interest income after loan loss provision increased 16% to $62.1M. Net income totaled $27.8M vs. loss of $8.9M. Net interest income after loan loss provision reflects Net Interest Margin - Total - % increase of 12% to 3.26%, Net Interest Spread - Total - % increase of 11% to 2.43%, Loans, including Loan Fees increase of 18% to $93.6M. |
| Employees: | 948 as of Mar 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,303M as of Mar 31, 2024 |
| Annual revenue (TTM): | $399.52M as of Mar 31, 2024 |
| EBITDA (TTM): | $165.12M as of Mar 31, 2024 |
| Net annual income (TTM): | $98.20M as of Mar 31, 2024 |
| Free cash flow (TTM): | $88.76M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $69.94M as of Mar 31, 2024 |
| Shares outstanding: | 14,933,474 as of Apr 30, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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