Nicolet Q2 net income hits record $36 mln

Nicolet Bankshares

15/07/2025 21:28

Overview

Nicolet Q2 net income reaches record $36 mln, up from $33 mln prior qtr

Net interest margin rose to 3.72%

Company repurchased 257,402 shares for $30 mln during Q2

Outlook

Company sees stable interest rates supporting net interest margin growth

Result Drivers

LOAN GROWTH - "Solid" quarter-over-quarter loan growth of $94 million, primarily in commercial-based loans

MORTGAGE REVENUES - Seasonal growth in mortgage revenues driven by housing demand in the upper Midwest

NET INTEREST MARGIN - Net interest margin increased to 3.72%, reflecting stable interest rates

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$2.34
Q2 Net Income
$36.04 mln
Q2 Net Interest Income
$75.11 mln
Q2 Pretax Profit
Beat
$44.77 mln
$41.60 mln (4 Analysts)
Q2 Credit Loss Provision
$1.05 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Nicolet Bankshares Inc is $125.00, about 4.4% below its July 14 closing price of $130.46

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBwbFHD5ca

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)