Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 10, 2016 8:07 AM ET

Banks

Company Overview of Nicolet Bankshares Inc.

Company Overview

Nicolet Bankshares, Inc. operates as the holding company for Nicolet National Bank that provides commercial and retail banking services for businesses and individuals in northeast and central Wisconsin, and the upper peninsula of Michigan. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts. It also offers commercial loans, including commercial, industrial, and business loans and lines of credit, as well as owner-occupied commercial real estate and agricultural production, and real estate loans; commercial real estate loans consisting of investment real estate, and construction and land development loans; resid...

111 North Washington Street

Green Bay, WI 54301

United States

Founded in 2000

Phone:

920-430-1400

Key Executives for Nicolet Bankshares Inc.

Chairman, Chief Executive Officer, President, Member of Executive Committee, Chief Executive Officer of Nicolet National Bank, Chairman of Nicolet National Bank and Director of Nicolet National Bank
Age: 57
Total Annual Compensation: $560.0K
Chief Financial Officer and Chief Financial Officer of Nicolet National Bank
Age: 54
Total Annual Compensation: $235.6K
Secretary, Director, Member of Executive Committee, Chief Operating Officer of Nicolet National Bank, President of Nicolet National Bank and Director of Nicolet National Bank
Age: 50
Total Annual Compensation: $472.0K
Compensation as of Fiscal Year 2014.

Nicolet Bankshares Inc. Key Developments

Nicolet Bankshares, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015

Nicolet Bankshares Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company announced net interest income of $10,651,000 compared to $10,513,000 for the same period a year ago. Net income was $2,819,000 compared to $2,416,000 for the same period a year ago. Net income available to common shareholders was $2,789,000 compared to $2,355,000 for the same period a year ago. Net income per share, diluted was $0.64 compared to $0.58 for the same period a year ago. Book value per common share was $23.42 and tangible book value per common share was $22.51. For the year, the company announced net interest income of $41,384,000 compared to $41,882,000 for the same period a year ago. Net income was $11,428,000 compared to $9,949,000 for the same period a year ago. Net income available to common shareholders was $11,216,000 compared to $9,705,000 for the same period a year ago. Net income per share, diluted was $2.57 compared to $2.25 for the same period a year ago. Return on average assets was 0.96% for 2015, and the return on average common equity was 12.4%.

Nicolet Bankshares Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and First Nine Months Ended September 30, 2015

Nicolet Bankshares Inc. announced unaudited consolidated earnings results for the third quarter and first nine months ended September 30, 2015. For the quarter, the company announced net interest income of $10,017,000 compared to $10,893,000 for the same period a year ago. Net income was $2,594,000 compared to $2,765,000 for the same period a year ago. Net income available to common shareholders was $2,534,000 compared to $2,704,000 for the same period a year ago. Net income per share, diluted was $0.58 compared to $0.63 for the same period a year ago. Book value per common share was $23.41 and tangible book value per common share was $22.39. Net interest income was down between the third quarter periods, largely due to stronger purchased loan discount income in the prior year and lower underlying loan yields, partly offset by a 2% increase in quarterly average loans. For the first nine months, the company announced net interest income of $30,733,000 compared to $31,369,000 for the same period a year ago. Net income was $8,609,000 compared to $7,533,000 for the same period a year ago. Net income available to common shareholders was $8,427,000 compared to $7,350,000 for the same period a year ago. Net income per share, diluted was $1.93 compared to $1.70 for the same period a year ago. The company’s net income resulted in an annualized return on average assets of 0.97% and return on average common equity of 12.6%, compared to 0.85% and 11.8%, respectively, for the comparable 2014 period.

Nicolet Bankshares Inc. Announces Management Changes

Nicolet Bankshares Inc. and Baylake Corp. entered into a definitive merger agreement. The deal is expected to close in the first half of 2016, subject to customary closing conditions, including approval by the shareholders of each company and regulatory approvals. The combined institution will operate under the Nicolet National Bank brand and its leadership team will be comprised of executives from both organizations. Baylake Corp. President and CEO Robert Cera and Nicolet Bankshares Chairman, President and CEO Robert Atwell will serve as co-chairmen and CEOs of Nicolet Bankshares. The board will comprise eight directors each from Nicolet Bankshares and Baylake Corp.

Similar Private Companies By Industry

Company Name Region
Great Western Bank United States
HBank Texas United States
Santander Holdings USA, Inc. United States
Oxford Bank United States
The Federal Reserve Bank of Cleveland United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 8, 2015
Baylake Corp.
Merger/Acquisition
July 21, 2015
Nicolet Bankshares Inc., Neillsville and Fairchild Branches
Private Placement
April 28, 2015
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Nicolet Bankshares Inc., please visit www.nicoletbank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.