Nicolet Bankshares Inc ( (NIC) ) has released its Q2 earnings. Here is a breakdown of the information Nicolet Bankshares Inc presented to its investors.
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Nicolet Bankshares, Inc. is a community bank holding company that provides a range of banking services, including commercial, agricultural, and consumer banking, as well as wealth management and retirement plan services, primarily operating in Wisconsin, Michigan, and Minnesota.
Nicolet Bankshares, Inc. reported a record quarterly net income of $36 million for the second quarter of 2025, surpassing the previous quarter’s $33 million and the $29 million from the same period last year. This achievement highlights the company’s robust performance amidst a volatile market environment.
Key financial metrics include a return on average assets of 1.62%, the highest since their balance sheet restructuring in March 2023, and a net interest margin of 3.72%, reflecting a 14 basis point increase from the first quarter. The company also experienced significant loan growth of $94 million and core deposit growth of $68 million. Additionally, Nicolet repurchased 257,402 common shares for $30 million during the quarter.
Despite a slight decrease in total assets to $8.9 billion, the company maintained strong asset quality with nonperforming assets representing only 0.32% of total assets. The allowance for credit losses remained steady at 1.00% of total loans, indicating solid risk management practices.
Looking ahead, Nicolet Bankshares remains focused on sustaining its momentum by continuing to create shared success for its customers, communities, shareholders, and employees. The company’s management is optimistic about maintaining its strong performance and profitability metrics in the competitive community banking sector.