Nicolet Bankshares, Inc. (NYSE NIC) Reports Second Quarter 2025 Financial Results

# Nicolet Bankshares, Inc. (NYSE: NIC) Reports Second Quarter 2025 Financial Results

Green Bay, Wisconsin, July 15, 2025 – Nicolet Bankshares, Inc. released its financial report for the second quarter of 2025, announcing a record net income of $36 million.

## Financial Highlights

– **Net Income:**
– $36 million for Q2 2025
– Compared to $33 million in Q1 2025 (increase of **9.1%**)
– Compared to $29 million in Q2 2024 (increase of **24.1%**)
– **Earnings Per Diluted Share:**
– $2.34 for Q2 2025
– Compared to $2.08 in Q1 2025 (increase of **12.5%**)
– Compared to $1.92 in Q2 2024 (increase of **21.9%**)

## Return Metrics
– **Return on Average Assets:**
– 1.62%, highest since March 2023 restructuring
– **Net Interest Margin:**
– 3.72%, up **14 basis points** from Q1 2025 (3.58%)

## Loan and Deposit Growth
– **Loan Growth:**
– Increased by $94 million from Q1 2025 (annualized growth of **5.6%**), primarily in commercial-based loans.
– **Core Deposit Growth:**
– Gained $68 million (annualized growth of **4.1%**)

## Share Repurchases
– **Share Repurchase Program:**
– 257,402 common shares repurchased for $30 million in Q2 2025.

## Balance Sheet Overview
– **Total Assets:**
– $8.9 billion at June 30, 2025, a decrease of $44 million from March 31, 2025.
– **Total Loans:**
– Increased to $6.84 billion from $6.75 billion in Q1 2025.
– **Total Deposits:**
– $7.54 billion, decreased by $31 million from March 31, 2025.

## Asset Quality Metrics
– **Nonperforming Assets:**
– $29 million, representing **0.32%** of total assets, slightly down from **0.33%** in Q1 2025 and **0.34%** in Q2 2024.
– **Allowance for Credit Losses:**
– $68 million, stable at **1.00%** of total loans.

## Income Statement Overview
– **Net Interest Income:**
– $75 million, an increase of $4 million from Q1 2025, primarily due to loan growth.
– **Noninterest Income:**
– $21 million, up $2 million from Q1 2025, attributed to a seasonal increase in mortgage revenues and favorable market valuations.
– **Noninterest Expense:**
– $50 million, an increase of $2 million from Q1 2025, mainly due to higher personnel expenses.

## Quotes from Management
– **Mike Daniels, Chairman, President, and CEO:**
– Highlighted strong performance and consistency amidst market volatility.
– Emphasized the importance of customer demand in the upper Midwest contributing to loan growth and net interest margin.

## Conclusion
Nicolet Bankshares’ second quarter 2025 results demonstrate significant growth in both net income and earnings per share, marking a continuous upward trend compared to the previous quarters and year. Their effective share repurchase strategy and solid asset quality metrics, alongside steady loan and deposit growth, position Nicolet favorably in the community banking sector.

For more details about Nicolet Bankshares, visit [Nicolet Bank](http://www.nicoletbank.com).

Sure! Here are the extracted tables from the press release.

### Consolidated Balance Sheets (In thousands)