Group 1 - Nicolet Bankshares reported quarterly earnings of $2.04 per share, exceeding the Zacks Consensus Estimate of $1.91 per share, and up from $1.54 per share a year ago, representing an earnings surprise of 6.81% [1] - The company posted revenues of $91.24 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.48%, compared to $78.52 million in the same quarter last year [2] - Over the last four quarters, Nicolet Bankshares has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2 - The stock has gained approximately 21.2% since the beginning of the year, while the S&P 500 has increased by 22.9% [3] - The current consensus EPS estimate for the upcoming quarter is $1.79 on revenues of $85.2 million, and for the current fiscal year, it is $7.30 on revenues of $337.3 million [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 41% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Net income for Q3 2024 was $33 million, up from $29 million in Q2 2024 and $17 million in Q3 2023, with earnings per diluted common share increasing to $2.10 from $1.92 and $1.14 respectively[1] - For the first nine months of 2024, net income reached $90 million, compared to $31 million for the same period in 2023, with adjusted net income of $87 million versus $73 million[1] - Net income for Q3 2024 reached $32,516,000, a rise of 7.5% from $29,273,000 in Q2 2024[13] - Adjusted net income for Q3 2024 was $31,569,000, up from $28,777,000 in Q3 2023, representing a 6.1% increase year-over-year[20] - The company reported a net income (GAAP) of $32,516,000 for Q3 2024, compared to $29,273,000 in Q3 2023, which is an increase of 7.6%[20] Asset Quality - Nonperforming assets decreased to $26 million, representing 0.31% of total assets, the lowest level in over three years, indicating solid asset quality[4] - Nonperforming loans to total loans ratio decreased to 0.39% from 0.43%, showing an improvement in asset quality[14] - The allowance for credit losses on loans was $66 million, representing 1.00% of total loans, consistent with previous quarters[4] - The allowance for credit losses was reported at $379 thousand, up from $283 thousand, indicating a proactive approach to managing credit risk[14] Revenue and Income Sources - Net interest income for Q3 2024 was $68 million, an increase of $3 million from Q2 2024, with a net interest margin of 3.44%, up 9 basis points[5] - Noninterest income rose to $22 million in Q3 2024, reflecting a $3 million increase over Q2 2024, with growth in wealth management and mortgage income[6] - Total interest income for Q3 2024 was $112,622,000, an increase of 3.4% from $108,878,000 in Q2 2024[13] - Net interest income after provision for credit losses was $67,616,000, up from $63,992,000 in the previous quarter, reflecting a growth of 4.0%[13] - Noninterest income totaled $22,378,000, representing an increase of 14.2% compared to $19,609,000 in Q2 2024[13] Balance Sheet and Equity - Total assets increased by $80 million (1%) to $8.6 billion from Q2 2024, primarily due to loan growth and improvements in the fair value of the securities portfolio[4] - Total assets reached $8,596,812 thousand, an increase from $8,481,186 thousand as of June 30, 2024, reflecting a growth of 1.36%[14] - Stockholders' equity rose to $1,118,242 thousand, compared to $1,070,379 thousand in the previous quarter, marking a 4.48% increase[14] - Average stockholders' equity (common) for Q3 2024 was $1,118,242,000, up from $1,070,379,000 in Q3 2023, reflecting a 4.5% increase[20] Expenses and Cost Management - Personnel expenses increased by $3 million in Q3 2024, reflecting higher incentives and salaries, while non-personnel expenses decreased by $0.4 million[7] - Total interest expense was $44,256,000, up from $43,536,000 in Q2 2024, indicating a rise of 1.6%[13] - Provision for credit losses decreased to $750,000 from $1,350,000 in the previous quarter, a reduction of 44.4%[13] - Personnel expenses increased to $28,937,000, compared to $26,285,000 in Q2 2024, reflecting a growth of 10.1%[13] - The efficiency ratio improved to 54.57%, down from 55.24%, indicating better cost management[14] Future Outlook - The company anticipates continued growth in net interest income and noninterest income driven by strategic market expansions and new product offerings[13] - The effective tax rate changed from 25% to 19.5% following a new Wisconsin tax law effective July 1, 2023, impacting future earnings positively[20] - The company incurred a pre-tax loss of $38 million from the sale of $500 million U.S. Treasury securities, which was part of a balance sheet repositioning strategy[20] Shareholder Information - The company reported a total of 15,052,000 basic weighted average shares outstanding for Q3 2024, slightly up from 14,937,000 in Q2 2024[13] - Basic earnings per share increased to $2.16, compared to $1.96 in the previous quarter, marking an increase of 10.2%[13] - The adjusted diluted earnings per common share (Non-GAAP) was $2.04 for Q3 2024, compared to $1.88 in Q3 2023, a growth of 8.5%[20] - The company reported a book value per common share of $76.09, up from $73.03 in the previous quarter, reflecting an increase of 2.82%[14]

Core Insights - NIC.br, the largest Internet Exchange Provider in the world, has selected Nokia to enhance internet connectivity in Brazil, addressing the anticipated surge in internet traffic over the next five years [2][3] - The network upgrade aims to scale capacity, improve resiliency, and increase automation, leading to advanced services for customers [1][3] Company and Industry Overview - NIC.br is responsible for managing the .br domain and operates the Brazilian Internet Exchange (IX.br), connecting over 3,500 Autonomous Systems and facilitating data traffic among various internet service providers and network operators [3][8] - The expected growth in Brazil's internet data traffic is projected to reach 218.5 million users and over 50 terabits per second in the next five years, necessitating significant upgrades to the existing infrastructure [2][3] - Nokia will implement its IP routing technology, including the Nokia 7250 Interconnect Router and 7750 Service Router, which support Ethernet VPN services and high-capacity interfaces [4][5] - The EVPN protocol, which Nokia is standardizing, offers a unified architecture for carrier and business VPN services, enhancing network efficiency, reliability, and scalability [4][5] - The partnership between NIC.br and Nokia is expected to foster the development of new applications and services, benefiting the Brazilian society as a whole [5]

Nicolet Bankshares (NIC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of 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 y ...

Over the last four quarters, the company has surpassed consensus EPS estimates two times. Nicolet Bankshares, which belongs to the Zacks Banks - Northeast industry, posted revenues of $85.43 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.96%. This compares to year-ago revenues of $75.88 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-rel ...

Exhibit 99.1 . NICOLET BANKSHARES, INC. ANNOUNCES SECOND QUARTER 2024 RESULTS Green Bay, Wisconsin, July 16, 2024 - Nicolet Bankshares, Inc. (NYSE: NIC) ("Nicolet") announced second quarter 2024 net income of $29 million and earnings per diluted common share of $1.92, compared to net income of $28 million and earnings per diluted common share of $1.82 for first quarter 2024, and net income of $23 million and earnings per diluted common share of $1.51 for second quarter 2023. Net income for the six months en ...

The company has an ongoing share repurchase program too. The plan, amended in December 2021, increased the authorization to buy back up to shares worth $81 million. The plan has no set expiration date. Nicolet Bankshares, Inc. (NIC) announced a quarterly cash dividend of 28 cents per share. This reflects a 12% hike from the prior payout. The dividend will be paid out on Jun 14, 2024, to shareholders of record as of Jun 3. The company has increased its dividend payout for the first time since its inception. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ (Exact Name of Registrant as Specified in its Charter) Wisconsin 47-0871001 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37700 NICOLET BANKSHARES, INC. (State o ...

• Well positioned to be opportunistic ◦ Net income of $28 million or adjusted net income (non-GAAP) of $26 million for first quarter 2024, compared to net income of $31 million or adjusted net income (non-GAAP) of $28 million in prior quarter, and net loss of $9 million or adjusted net income (non-GAAP) of $22 million for first quarter 2023 ◦ Tangible common equity ratio increased to 8.33% for first quarter 2024 ◦ Credit quality remains strong with nonperforming assets stable at 0.33% of total assets and ne ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from…………to…………. Commission file number 001-37700 NICOLET BANKSHARES, INC. (Exact name of registrant as specified in its charter) SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF TH ...