Overview

* Nicolet Bankshares Q3 net income reaches record $42 mln, up from $33 mln in Q3 2024

* Company's net interest margin for Q3 2025 rises to 3.86%, up 14 bps from Q2

* Company repurchased 155,393 shares for $21 mln during Q3 2025

Outlook

* Company did not provide specific financial guidance for future quarters or full year in the press release

Result Drivers

* CORE DEPOSIT GROWTH - Exceptional growth in core deposits by $223 mln, contributing to overall deposit increase

* NET INTEREST MARGIN IMPROVEMENT - Net interest margin rose to 3.86% sequentially due to higher interest income and reduced interest expense

* SHARE REPURCHASE - Repurchased 155,393 shares for $21 mln, impacting capital structure

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $2.73

Q3 Net $41.73

Income mln

Q3 Net $79.26

Interest mln

Income

Q3 $950,000

Credit

Loss

Provisio

n

Q3 $51.84

Pretax mln

Profit

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 ( NIC ) is $146.00, about 11.4% above its October 21 closing price of $129.40

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

Press Release:

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(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.)