Nicolet Bankshares reports Q2 EPS $2.34, consensus $2.15

Reports Q2 NII $75.1M vs. $65.3M last year. Reports Q2 net interest margin 3.72% vs. 3.42% last year. “Our quarterly results again demonstrated strong performance and continued consistency in a volatile market,” said Mike Daniels, Chairman, President, and CEO of Nicolet. “What we saw in the second quarter is a testament to the tenacity and vibrancy of our customers and the markets we serve. Loan growth continued at a healthy pace, as did core deposits. Mortgage revenues also saw their seasonal growth return, driven by housing demand in the upper Midwest. Our net interest margin continued to grow at a healthy pace as rates remained stable, and our profitability metrics are likely to place us near the top decile of community banks. Overall, it was a very solid quarter for us.”