MAY 7·SEC.gov▲
Document
Nicolet Bankshares, Inc. announced record net income of $94 million for 2022, a significant increase from $61 million in 2021, and fourth quarter 2022 net income of $28 million. This growth was driven by strong organic loan growth and strategic acquisitions, including Charter Bankshares in 2022 and Mackinac Financial Corporation and County Bancorp in 2021. The Company's financial performance was influenced by both core operations and non-core items, such as merger-related expenses and the CECL model's credit provision expense.
APR 24·Simply Wall Street▼
Why Nicolet Bankshares (NIC) Is Down 7.3% After Q1 Earnings Miss And Rising Loan Charge-Offs
Nicolet Bankshares (NIC) saw its stock drop 7.3% after reporting a Q1 2026 earnings miss, with net income falling to US$15.2 million and net loan charge-offs more than doubling to US$833,000. Despite these pressures, the bank increased its quarterly dividend to US$0.36 per share and continued share repurchases. The rising charge-offs, especially during a merger integration, raise questions about the bank's investment narrative and long-term earnings quality.
