Nicolet Bankshares Q2 adjusted EPS beats analyst estimates aided by MidWestOne acquisition

Nicolet Bankshares, Inc.

Nicolet Bankshares, Inc.

NIC

0.00


Overview

  • U.S. regional bank's Q2 adjusted EPS increased yr/yr and beat analyst expectations

  • Net income rose sharply from prior quarter, aided by MidWestOne acquisition

  • Company repurchased $40 mln in stock, authorized $150 mln more for buybacks


Outlook

  • Company expects Denver branch sale to close in third qtr 2026

  • Nicolet sees continued margin expansion and solid organic growth through balance of 2026

  • Company expects cost savings from MidWestOne integration to strengthen profitability later in 2026


Result Drivers

  • MIDWESTONE ACQUISITION - Full-quarter contribution from MidWestOne drove higher average loans, securities, deposits, and boosted net interest and noninterest income

  • NET INTEREST MARGIN - Margin rose to 4.14%, helped by loan purchase accounting accretion and lower core deposit funding costs from MidWestOne

  • MERGER-RELATED EXPENSES - Noninterest expense fell from prior quarter, mainly due to lower merger-related costs, though personnel expenses increased with a larger workforce


Company press release: ID:nBw9Q3B7ca


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Adjusted EPS

Beat

$2.99

$2.80 (6 Analysts)

Q2 EPS

$2.62

Q2 Net Income

$56.90 mln

Q2 Net Interest Income

$141.47 mln

Q2 Credit Loss Provision

$1.50 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $178.00, about 6.6% above its July 20 closing price of $167.02

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


Reuters Recommended Reads

  • July 21 - United Community Banks Q2 adjusted EPS misses estimates

  • July 20 - ServisFirst Bancshares Q2 EPS rises 40% on loan growth, higher net interest margin

  • July 20 - Wintrust Q2 net interest income rises on growth in average earning assets


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