Nicolet Bankshares Q4 net income rises

Overview

• Community bank's Q4 net income was $40.3 mln vs $34.5 mln yr ago

• Company reported record net income of $151 mln for full year 2025

• Company expects to close MidWestOne merger in Q1 2026

Outlook

• Nicolet expects to close MidWestOne merger in Q1 2026

Result Drivers

• CORE DEPOSIT GROWTH - Exceptional year-over-year core deposit growth of $497 mln (7%) contributed to record FY earnings

• NET INTEREST MARGIN - Net interest margin improved to 3.76% for full year 2025, up 29 bps from 2024, aiding profitability

• DISCIPLINED EXECUTION - CEO Mike Daniels attributed record FY earnings to disciplined execution and focus on fundamentals

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "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 $161.00, about 22.5% above its January 16 closing price of $131.46

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nBw9BrYCxa

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