July 26, 2017 3:51 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. 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 (AG) production loans; commercial real estate loans consisting of investment real estate, AG real estate, and construction and land development loans; residential real estate loans, such as residential first lien mortgages, ...

111 North Washington Street

Green Bay, WI 54301

United States

Founded in 2000

480 Employees

Phone:

920-430-1400

Fax:

920-430-7581

Key Executives for Nicolet Bankshares, Inc.

Chairman of the Board, Chief Executive Officer, President and Chairman of Nicolet National Bank
Age: 59
Total Annual Compensation: $630.0K
Chief Financial Officer and Chief Financial Officer of Nicolet National Bank
Age: 56
Total Annual Compensation: $266.5K
EVP, Secretary & Director
Age: 52
Total Annual Compensation: $630.0K
Senior Vice President of Wealth Management of Nicolet National Bank
Age: 36
Total Annual Compensation: $367.7K
Compensation as of Fiscal Year 2016.

Nicolet Bankshares, Inc. Key Developments

Nicolet Bankshares Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Nicolet Bankshares Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company's net interest income was $24,527,000 compared with $16,466,000 a year ago. Income before income taxes was $12,849,000 compared with $4,867,000 a year ago. Net income available to common equity was $8,328,000 or $0.83 per diluted share compared with $3,257,000 million or $0.39 per diluted share a year ago. The company's book value per common share was $35.73. Return on average assets was 1.27% compared with 0.66% a year ago. Return on average common equity was 10.15% compared with 5.55% a year ago. For the six months, interest income was $49,963,000 against $30,780,000 a year ago. Net interest income was $45,844,000 against $27,205,000 a year ago. Income before income taxes was $22,162,000 against $9,016,000 a year ago. Net income available to common equity was $14,536,000 against $5,525,000 a year ago. Diluted earnings per common share were $1.53 against $0.91 a year ago. Return on average assets was 1.19% compared to 0.74% for the same period a year ago. Return on average common equity was $9.62 against $7.01 a year ago.

Nicolet Bankshares, Inc. Announces Board Appointments

On April 28, 2017, Nicolet Bankshares, Inc. (Nicolet) completed its merger with First Menasha Bancshares, Inc., pursuant to the terms of Agreement and Plan of Merger, dated November 3, 2016, by and between Nicolet and First Menasha. First Menasha merged with and into Nicolet, with Nicolet surviving the Merger. Immediately following the Merger, First Menasha’s wholly owned subsidiary, The First National Bank - Fox Valley, merged with and into Nicolet’s wholly owned subsidiary, Nicolet National Bank (Bank) pursuant to the terms of the Plan of Merger (the “Bank Plan of Merger”) by and between the Bank and FNB (the “Bank Merger”). Effective immediately upon consummation of the Merger on April 28, 2017, and in accordance with the terms of the Merger Agreement, the Nicolet Board of Directors increased the size of the board by two members and elected two former First Menasha directors—Dustin J. McClone and Oliver “Pierce” Smith—to fill the vacancies created by this increase.

Nicolet Bankshares, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2017

Nicolet Bankshares, Inc. reported earnings results for the first quarter ended March 31, 2017. The company reported first quarter 2017 net income of $6.2 million and net income available to common shareholders of $0.69 per diluted common share, compared to $2.7 million and $0.57, respectively, for first quarter 2016. Comparatively, net income was $6.1 million and diluted earnings per common share was $0.68 for the fourth quarter of 2016. Annualized quarterly return on average assets was 1.11%, 1.07% and 0.87%, for first quarter 2017, fourth quarter 2016 and first quarter 2016, respectively.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 4, 2016
First Menasha Bancshares, Inc.
 

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