Nicolet Bankshares, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
January 16, 2018 at 04:10 pm
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Nicolet Bankshares, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, interest income was $29,836,000 against $21,892,000 a year ago. Net interest income was $26,507,000 against $20,024,000 a year ago. Income before income taxes was $12,820,000 against $9,082,000 a year ago. Net income attributable to Nicolet Bankshares, Inc. was $9,103,000 against $6,087,000 a year ago. Earnings per diluted common share were $0.88 against $0.68 a year ago. Return on average assets was 1.27% against 1.07% a year ago. Return on average common equity was 9.99% against 8.75% a year ago.
For the year, interest income was $109,253,000 against $75,467,000 a year ago. Net interest income was $98,742,000 against $68,133,000 a year ago. Income before income taxes was $49,700,000 against $28,065,000 a year ago. Net income attributable to Nicolet Bankshares, Inc. was $33,150,000 against $18,462,000 a year ago. Earnings per diluted common share were $3.33 against $2.37 a year ago. Return on average assets was 1.25% against 0.95% a year ago. Return on average common equity was 9.96% against 8.20% a year ago. Book value per common share as at December 31, 2017 was $37.09 against $32.26 a year ago.
Nicolet Bankshares, Inc. is the bank holding company of Nicolet National Bank (the Bank), a full-service, community bank providing services ranging from commercial, agricultural and consumer banking to wealth management and retirement plan services. The Bank operates branches in Wisconsin, Michigan and Minnesota. The Company offers a variety of loans, deposits and related services to business customers, including business checking and other business deposit products and cash management services, international banking services, as well as retirement plan services. It offers a variety of banking products and services to consumers, including residential mortgage loans and mortgage refinancing, home equity loans and lines of credit, residential construction loans, safe deposit boxes, and personal brokerage, trust and fiduciary services. The Company delivers its products and services through approximately 56 bank branch locations, online banking, mobile banking and an interactive Website.