10-K - Nicolet Bankshares, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Nicolet Bankshares, Inc. reported record net income of $150.7 million for FY 2025, a 21.5% increase from $124.1 million in FY 2024. Earnings per diluted common share were $9.78, up from $8.05. The company's profitability was driven by strong net interest income of $306.5 million, a 14.3% year-over-year increase, and total noninterest income of $85.6 million. Total assets grew to $9.19 billion, with loans of $6.84 billion and deposits of $7.73 billion. The company completed the acquisition of MidWest One Financial Group, Inc. on February 13, 2026, which is expected to significantly expand its footprint and scale. Key priorities for 2025 included funding organic growth, share repurchases, increased dividends, and M&A, all of which were accomplished.

Key Takeaways

1Record net income of $150.7 million, a 21.5% increase from prior year.

2Net interest income grew 14.3% to $306.5 million, the primary revenue driver.

3Total assets increased 4.4% to $9.19 billion, with loans up 3.2% to $6.84 billion.

4Completed acquisition of MidWest One on Feb 13, 2026, adding ~$6B in assets.

5Return on average assets was 1.68% and return on average common equity was 12.58%.

Key Financial Metrics

EPS

$9.78

$8.05 prior year

Revenue

$470.9M

+7.4%

Net Income

$150.7M

+21.5%

free cash flow

$153.5M

operating margin

39.7%