Exhibit 99.1 FOR IMMEDIATE RELEASE . NICOLET BANKSHARES, INC. ANNOUNCES FIRST QUARTER 2025 RESULTS Green Bay, Wisconsin, April 15, 2025 - 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. "Our first ...

Core Viewpoint - Delota Corp. reported its unaudited fourth-quarter results for the period ending January 31, 2025, highlighting a revenue of $40.2 million for the year, surpassing its target, and a strategic focus on growth through M&A and strengthening its balance sheet [2][3]. Financial Highlights - Total revenue for Q4 2025 was $10.3 million, reflecting a year-over-year growth of 1% [6][10]. - The gross profit margin for Q4 2025 was 37% [6][10]. - Adjusted EBITDA for Q4 2025 was positive at $287,329 [6][10]. - Total revenue for the twelve months ended January 31, 2025, was $40.2 million, representing an 18% year-over-year growth [6][10]. - The gross profit margin for the twelve months ended 2025 was 39% [6][10]. - Positive Adjusted EBITDA for the twelve months ended 2025 was $1,114,587 [6][10]. - Segmented revenue for the twelve months ended 2025 included B2C vape sales of $31.2 million, B2B vape sales of $5.5 million, and B2C cannabis sales of $3.5 million [6][10]. Operational Highlights - The company has expanded its retail presence to 32 locations across Ontario and plans to grow in major cities across Canada [6][10]. - The registered customer base has increased to over 280,000 accounts across online and brick-and-mortar platforms [6][10]. - The company opened a new 180 Smoke Vape Store in Etobicoke on February 3, 2025, as part of its expansion strategy [10]. Strategic Focus - The company aims to accelerate growth through a strategic focus on mergers and acquisitions, leveraging its omni-channel platform [3][14]. - There is a commitment to enhancing the nicotine product assortment and improving customer experience [14].

Nicolet Bankshares (NIC) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a ...

Financial Performance - For the year ended December 31, 2024, Nicolet earned net income of $124 million, translating to $8.05 per diluted common share[14]. - Net income for 2024 was $124 million, with earnings per diluted common share at $8.05, compared to $62 million and $4.08 in 2023, reflecting a significant increase[186]. - Net income (GAAP) for 2024 was $124,059,000, a substantial increase from $61,516,000 in 2023, representing a growth of 102%[196]. - Basic earnings per share (EPS) increased to $8.24 in 2024, up from $4.17 in 2023, reflecting a growth of 97%[196]. - The return on average assets improved to 1.45% in 2024, up from 0.73% in 2023[196]. - Adjusted net income (Non-GAAP) for 2024 was $120,668,000, compared to $101,245,000 in 2023, reflecting a growth of 19%[201]. Asset and Equity Growth - As of December 31, 2024, Nicolet Bankshares, Inc. reported total assets of $8.8 billion, loans of $6.6 billion, deposits of $7.4 billion, and total stockholders' equity of $1.2 billion[14]. - Total assets reached $8,796,795,000 in 2024, compared to $8,468,678,000 in 2023, indicating an increase of 4%[196]. - Stockholders' equity (common) rose to $1,172,898,000 in 2024, compared to $1,039,007,000 in 2023, an increase of 13%[196]. Loan and Deposit Information - Total loans increased to $6,626,584,000 in 2024, up from $6,353,942,000 in 2023, representing a growth of 4%[196]. - Total deposits rose by $206 million (3%) to $7.4 billion, and total stockholders' equity increased by $134 million to $1.2 billion[189]. - Approximately 76% of the company's loan portfolio consisted of commercial-related loans as of December 31, 2024, which may increase credit risk during economic downturns[105]. - Approximately 36% of the company's loans were secured by commercial-based real estate, 14% by agriculture-based real estate, and 23% by residential real estate as of December 31, 2024[140]. Community Engagement and Employee Information - In 2024, Nicolet employees reported almost 18,500 total volunteer hours and donated over $190,000 to the Nicolet Foundation, reflecting community engagement[25]. - Nicolet's employee base consisted of 978 employees as of December 31, 2024, with approximately 64% being women[25]. - The company offers a comprehensive financial benefits package, including a 401(k) plan with a dollar-for-dollar match of employee contributions up to 6%[25]. Regulatory and Compliance Matters - As of December 31, 2024, the Bank satisfied the requirements of "well-capitalized" under the regulatory framework for prompt corrective action[54]. - The Federal Reserve requires bank holding companies to maintain a minimum Tier 1 capital ratio of 6.0% to be considered adequately capitalized[46]. - The company is preparing for examination by the CFPB as it approaches the $10 billion asset threshold, which will affect compliance with federal consumer financial laws[71]. - The company is subject to regulatory restrictions on the amount of dividends it can pay, which may affect its liquidity and ability to declare dividends[149]. Risk Management and Economic Conditions - Economic conditions, including inflation and governmental policies, are expected to adversely affect deposit levels, loan demand, and borrowers' ability to repay loans[95]. - The company’s risk management framework may not effectively mitigate all risks, potentially leading to unexpected losses and regulatory scrutiny[90]. - The company faces risks associated with rising interest rates and inflation, which could adversely affect borrowers' ability to repay loans and the value of collateral[104]. - Deterioration in economic conditions, particularly in primary markets like Wisconsin, Michigan, and Minnesota, could lead to higher credit losses and negatively impact financial results[107]. Strategic Initiatives and Market Position - The company emphasizes competitive pricing, personalized service, and community engagement to differentiate itself in a highly competitive financial services market[28]. - The Bank's strategy includes pursuing acquisitions and organic growth, with a focus on cost and revenue synergies from recent acquisitions[77]. - The company is investing significantly in innovation, particularly in technologies such as artificial intelligence, machine learning, and blockchain, to adapt existing products and develop new services[82]. - The company anticipates a year of optionality in 2025, focusing on organic growth, M&A, share repurchases, and increased dividends[191]. Dividend Information - The Parent Company declared quarterly cash dividends on its common stock of $1.09 per share in 2024 and $0.75 per share in 2023[40]. - In 2024, the Board declared quarterly cash dividends totaling $1.09 per share on common stock, marking the first dividends since inception in 2000[172]. - The Board increased the quarterly dividend by $0.03 per share (12%) in 2024, with further assessments planned for 2025[194]. Technology and Cybersecurity - The Chief Information Security Officer oversees the Information Security Program, which includes risk assessments, incident response, and employee training[162]. - Cybersecurity threats are evolving rapidly, increasing the risk of theft, fraud, and reputational damage due to potential breaches[87]. - The company has not experienced any reportable cybersecurity incidents that materially impacted operations or financial condition[161]. Market and Competitive Landscape - The Bank faces intense competition from various financial service providers, including non-traditional and disruptive service providers, which may affect its market position[75]. - The decline in physical branch utilization necessitates a shift towards enhancing remote banking services and digital platforms to retain customers[81]. - The U.S. banking industry outlook turned bullish post-November 2024 elections, with expectations of increased M&A activity and improved regulatory conditions[185].

Core Insights - Delota Corp has opened a new retail store in Etobicoke, Ontario, increasing its total locations to 32 across the province [1] - The new store is part of Delota's strategy to enhance both brick-and-mortar and e-commerce growth, with a small footprint of almost 500 sq. ft. [1] - The company currently has over 260,000 registered customers on its platform [1][3] Expansion Strategy - Delota aims to accelerate growth through strategic mergers and acquisitions (M&A) and plans to expand its physical presence beyond Ontario, focusing on Western Canada [2] - The company is committed to growing its flagship brand, 180 Smoke Vape Store, and enhancing its national e-commerce platform [3] - Delota's growth strategy includes expanding its nicotine product assortment and improving customer experience [3]

Company Announcement - Delota Corp. has changed its fiscal year-end from January 31st to March 31st, effective immediately, to better align financial reporting resources and improve consistency between calendar and fiscal quarters [1][2]. Company Overview - Delota is the largest omni-channel specialty vape retailer in Ontario, aiming to become the largest national specialty retailer of nicotine vape and alternative tobacco products [3]. - The company's growth strategy includes expanding its flagship brand, 180 Smoke Vape Store, through organic growth in Ontario and select provinces, enhancing its national e-commerce platform, and pursuing strategic mergers and acquisitions for market consolidation [3]. - Delota is committed to expanding its nicotine product assortment, enhancing customer experience, and growing its registered customer base, which currently exceeds 260,000 accounts [3].

Core Viewpoint - Nicolet Bankshares reported quarterly earnings of $2.17 per share, exceeding the Zacks Consensus Estimate of $1.98 per share, and showing an increase from $1.85 per share a year ago, representing an earnings surprise of 9.60% [1][2] Financial Performance - The company posted revenues of $92.41 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.25%, compared to $89.2 million in the same quarter last year [2] - Over the last four quarters, Nicolet Bankshares has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance and Outlook - Since the beginning of the year, Nicolet Bankshares shares have increased by approximately 1.8%, while the S&P 500 has gained 2% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] Estimate Revisions - The trend for estimate revisions ahead of the earnings release was unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $1.85 on revenues of $87.4 million, and for the current fiscal year, it is $7.83 on revenues of $359.7 million [7] Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 25% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]

Financial Performance - Fourth quarter 2024 net income was $34 million, up from $33 million in the prior quarter and $31 million in the fourth quarter of 2023, with earnings per diluted common share of $2.19[2] - For the year ended December 31, 2024, net income was $124 million, compared to $62 million for 2023, with adjusted net income of $121 million for 2024 versus $101 million for 2023[8] - Net income for the year ended December 31, 2024, was $124,059,000, compared to $61,516,000 in 2023, representing a year-over-year increase of 102.5%[21] - Basic earnings per share for the year ended December 31, 2024, was $8.24, up from $4.17 in 2023, indicating a growth of 97.2%[21] - For the three months ended December 31, 2024, the net income (GAAP) was $34,480,000, an increase from $30,661,000 for the same period in 2023, representing a year-over-year growth of 12%[28] Asset and Deposit Growth - Total assets at December 31, 2024, were $8.8 billion, reflecting a year-over-year growth of $328 million (4%) and an increase of $160 million (2%) from September 30, 2024[5] - Total assets increased to $8,796,795 thousand as of 12/31/2024, up from $8,468,678 thousand on 12/31/2023, representing a growth of 3.9%[19] - Total deposits reached $7.4 billion at December 31, 2024, an increase of $144 million from September 30, 2024, driven by a $192 million rise in interest-bearing deposits[6] - Total deposits rose to $7,403,684 thousand, compared to $7,197,800 thousand a year earlier, marking an increase of 2.9%[19] - Total deposits rose to $7,403,684 thousand, compared to $7,197,800 thousand at the end of 2023, marking an increase of 2.9%[24] Loan and Interest Metrics - The net interest margin for 2024 improved to 3.47%, an increase of 29 basis points from 3.18% in 2023[9] - Net loans reached $6,560,262 thousand, an increase from $6,290,332 thousand year-over-year, reflecting a growth of 4.3%[19] - Total loans increased to $6,626,584 thousand as of December 31, 2024, up from $6,353,942 thousand a year earlier, representing a growth of 4.3%[24] - Average total loans for the year ended December 31, 2024, were $6,505,103 thousand, generating interest income of $393,551 thousand at an average rate of 6.05%[25] - The company reported a net interest income of $71,550,000 for the three months ended December 31, 2024, compared to $64,282,000 for the same period in 2023, marking an increase of 11.8%[21] Noninterest Income and Expenses - Noninterest income for the full year 2024 was $82 million, an increase of $46 million over 2023, with growth in most noninterest income categories[10] - Noninterest income for the year ended December 31, 2024, totaled $82,267,000, significantly higher than $35,972,000 in 2023, marking an increase of 128.1%[21] - Total noninterest expense for the year ended December 31, 2024, was $191,353,000, up from $185,866,000 in 2023, reflecting an increase of 2.6%[21] Capital and Equity - Stockholders' equity increased to $1,172,898 thousand, up from $1,039,007 thousand, indicating a growth of 12.8% year-over-year[19] - Stockholders' equity reached $1,163,477 thousand as of December 31, 2024, up from $996,745 thousand a year earlier, indicating a growth of 16.67%[22] - Tangible common equity increased to $784,758,000 as of December 31, 2024, from $644,641,000 in 2023, representing a rise of 22%[28] - The average tangible common equity for the year was $709,053,000, up from $581,260,000 in 2023, indicating a growth of 22%[28] Tax and Regulatory Changes - The effective tax rate for the year ended December 31, 2024, was 20.03%, compared to 28.99% for 2023, reflecting higher pretax income[12] - A new Wisconsin tax law change effective July 1, 2023, reduced the effective tax rate from 25% to 19.5%, positively influencing future earnings[31] - The effective tax rate for the fourth quarter of 2024 was 20.19%, slightly up from 18.06% in the same quarter of the previous year[22] Strategic Plans and Shareholder Actions - The company plans to explore both organic growth and acquisition opportunities in 2025, supported by strong capital levels and earnings performance[4] - Share repurchases have resumed, with the company indicating a preference for this strategy until better capital deployment opportunities arise[4] - Common stock repurchased amounted to $10,137 thousand during the fourth quarter of 2024, with 92,440 shares repurchased[22]

Core Viewpoint - Nicolet Bankshares (NIC) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding Nicolet Bankshares' earnings prospects, which is expected to positively impact its stock price [2]. - The earnings estimate for the current quarter is $1.98 per share, reflecting a year-over-year increase of +7.03% [4]. - Over the last 30 days, the Zacks Consensus Estimate for the current quarter has risen by 10.61%, with one estimate moving higher and no negative revisions [4]. - For the full year, the expected earnings are $7.74 per share, representing a year-over-year change of +15.18% [5]. - In the past month, two estimates for the current year have increased, leading to a 5.96% rise in the consensus estimate [5]. Zacks Rank - Nicolet Bankshares has achieved a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in raising earnings estimates [6]. - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging an annual return of +25% since 2008 [3][6]. - Stocks with Zacks Rank 1 and 2 are shown to significantly outperform the S&P 500 [6]. Stock Performance - Shares of Nicolet Bankshares have increased by 9.3% over the past four weeks, suggesting investor confidence in its earnings growth prospects [7].

Financial Performance - Net income for the three months ended September 30, 2024, was $32,516 thousand, compared to $17,158 thousand for the same period in 2023, reflecting an increase of 89.5%[7] - Basic earnings per share for the three months ended September 30, 2024, was $2.16, up from $1.16 for the same period in 2023, an increase of 86.2%[7] - Noninterest income for the three months ended September 30, 2024, totaled $22,378 thousand, compared to $16,541 thousand for the same period in 2023, an increase of 35.3%[7] - Comprehensive income for the three months ended September 30, 2024, was $53,382 thousand, compared to a loss of $(924) thousand for the same period in 2023[9] - Net income for the nine months ended September 30, 2024, was $90 million, or $5.84 per diluted common share, compared to $31 million, or $2.05 per diluted common share for the same period in 2023[109] - Adjusted net income for the nine months ended September 30, 2024, was $86.6 million, reflecting a significant improvement from the previous year[109] Asset and Liability Growth - Total assets increased to $8,637,118 thousand as of September 30, 2024, compared to $8,468,678 thousand at December 31, 2023, representing a growth of 1.99%[5] - Total liabilities increased to $7,487,791 thousand as of September 30, 2024, from $7,429,671 thousand at December 31, 2023, a growth of 0.78%[5] - Total stockholders' equity increased to $1,149,327,000 as of September 30, 2024, up from $977,638,000 at June 30, 2023, reflecting a growth of approximately 17.5%[12] - Total deposits increased to $7,259,997 thousand as of September 30, 2024, from $7,197,800 thousand at December 31, 2023, a rise of 0.86%[5] Credit Quality and Provisions - The allowance for credit losses on loans increased to $(65,785) thousand as of September 30, 2024, compared to $(63,610) thousand at December 31, 2023, indicating a higher provision for potential loan losses[5] - The provision for credit losses for the three months ended September 30, 2024, is $750,000, compared to $450,000 for the same period in 2023, indicating a 66.67% increase[53] - The company reported a provision for credit losses of $2,850,000 for the nine months ended September 30, 2024, down from $3,990,000 for the same period in 2023, representing a decrease of 29%[14] - The net charge-offs for the nine months ended September 30, 2024, amount to $(675,000), reflecting a decrease from $(1,066,000) in the same period of the previous year[48] Loan Portfolio - The loan portfolio totaled $6,556,840,000 as of September 30, 2024, with a net allowance for credit losses of $65,785,000, representing 1.00% of total loans[43] - Total loans as of September 30, 2024, amounted to $6,556,840,000, with 30-89 days past due at $5,597,000 and 90 days & over at $25,565,000, representing 0.1% and 0.4% of total loans respectively[58] - The commercial and industrial loans segment accounted for 21% of the total loan portfolio, increasing from 20% as of December 31, 2023[43] - Total loans grew by $203 million (3%) from December 31, 2023, with notable increases in agricultural, commercial, and residential real estate loans[133] Interest Income and Expenses - Net interest income after provision for credit losses rose to $67,616 thousand for the three months ended September 30, 2024, up from $61,024 thousand for the same period in 2023, an increase of 4.6%[7] - The net interest margin improved to 3.35% for the nine months ended September 30, 2024, compared to 3.07% for the same period in 2023[110] - Tax-equivalent net interest income was reported at $197,993 thousand with a net interest margin of 3.35%, up from $178,856 thousand and 3.07% in 2023[114] - The interest rate spread improved to 2.51% for the current period, compared to 2.29% in the previous year[114] Market and Economic Conditions - The Consumer Price Index (CPI) for September increased by 0.2%, with shelter and food components being the primary drivers[103] - Concerns regarding a recession in 2024 have diminished, influenced by a strong employment report and higher-than-expected CPI[103] - The U.S. election is anticipated to introduce additional economic volatility in the coming weeks[103] Regulatory and Compliance - The Bank's regulatory capital ratios remain above minimum regulatory ratios, qualifying it as well-capitalized under the prompt-corrective action framework[159] - There were no changes in the company's internal control over financial reporting during the quarter that materially affected its financial reporting[165] - The company has not engaged in any legal proceedings expected to have a material adverse effect on its financial position[166]