Company Overview of Nicolet Bankshares Inc.
Nicolet Bankshares, Inc. operates as the bank holding company for Nicolet National Bank that offers commercial and retail banking, and wealth management services for businesses and individuals in northeastern Wisconsin and the Upper Peninsula of Michigan. The company offers savings accounts, money market accounts, interest-bearing demand deposits accounts, checking accounts, various certificates of deposits, and individual retirement accounts. It also provides business loans and lines of credit, commercial real estate loans, construction loans and letters of credit, home equity loans and lines, residential mortgage loans and mortgage refinancing, residential construction loans, and personal ...
111 North Washington Street
Green Bay, WI 54301
Founded in 2000
Key Executives for Nicolet Bankshares Inc.
Total Annual Compensation: $560.0K
Chief Financial Officer and Chief Financial Officer of Nicolet National Bank
Total Annual Compensation: $231.5K
Total Annual Compensation: $472.0K
Compensation as of Fiscal Year 2013.
Nicolet Bankshares Inc. Key Developments
Nicolet Bankshares Inc. Announces Earnings Results for the First Quarter Ended March 31, 2014
Apr 15 14
Nicolet Bankshares Inc. announced earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income available to common shareholders of $2.153 million, and net income available to common shareholders of $0.50 per diluted common share, compared to $0.921 million and $0.22, respectively, for fourth quarter 2013. A year ago, first quarter net income available to common shareholders was $0.450 million or $0.13 per diluted common share, based on operations that exclude 2013 acquisitions of Mid-Wisconsin Financial Services and Bank of Wausau, both which were consummated after March 31, 2013. Book value per common share was $19.53 per common share at March 31, 2014, 3% higher than $18.97 at year end 2013, and 24% higher than a year ago. Net interest income was $10.0 million, compared to $10.5 million for fourth quarter 2013, mostly due to fewer earning days between the quarters, purchased loans performing above expectation but less favorably than the prior quarter, and a higher percentage of low-earning cash in margin. Tangible book value per common share was $18.19.
Nicolet Bankshares Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013
Jan 21 14
Nicolet Bankshares Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported net interest income of $10,531,000 compared to $6,212,000 a year ago. Net income was $982,000 against $937,000 a year ago. Net income available to common shareholders was $921,000 or $0.22 per basic and diluted common share against $632,000 or $0.18 per basic and diluted common share a year ago.
For the year, the company's net interest income of $36,904,000 compared to $22,265,000 a year ago. Net income was $16,141,000 compared to $3,036,000 a year ago. Net income available to common shareholders was $15,165,000 or $3.80 per diluted common share against net income available to common shareholders of $1,816,000 or $0.53 per diluted common share a year ago. Tangible book value per common share as on December 31, 2013 was $17.55 compared to $14.58 a year ago. Book value per common share as on December 31, 2013 was $18.97 compared to $15.45 a year ago.
Nicolet Bankshares Inc. Announces Restatement of Financial Results for the Third Quarter and Nine Months Ended September 30, 2013
Nov 12 13
Nicolet Bankshares Inc. announced restatement of financial results for the third quarter and nine months ended September 30, 2013. The recent events in the fourth quarter supported a change in estimate of loss on this litigation to $0.9 million, net of tax, which was recorded against the bargain purchase gain of the Mid-Wisconsin transaction and imposed back against third quarter earnings, initially reported on October 15, 2013. The effect of the foregoing is to reduce net income, as originally reported on October 15, 2013, by $0.9 million to $2.9 million and $15.2 million for the three and nine month periods ended September 30, 2013, respectively, and to reduce originally reported diluted earnings per share of $0.84 and $3.88 to $0.62 and $3.65 for the three and nine month periods ended September 30, 2013, respectively.
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