NYSE$NIC

Nicolet Bankshares Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported record earnings for 2019 and net income above fourth quarter 2018.

Nicolet Bankshares, Inc. reported a strong fourth quarter with net income of $12.3 million and earnings per diluted common share of $1.18. The acquisition of Choice Bancorp, Inc. was consummated on November 8, 2019, adding $457 million in assets.

  • Net income for Q4 2019 was $12.3 million, a 13% increase compared to Q4 2018.
  • Earnings per diluted common share for Q4 2019 were $1.18.
  • Return on average assets for Q4 2019 was 1.46%.
  • The acquisition of Choice Bancorp, Inc. was completed on November 8, 2019.

Headline financials

Total Revenue

$30.5M

Previous: $27M+12.7%
EPS (adj)

$1.18

Previous: $1.11+6.3%
Net Interest Margin

4.1%

No prior period
Efficiency Ratio

57.6%

No prior period
Effective Tax Rate

31.4%

No prior period
NPAs to Total Assets

0.4%

No prior period
Loan Loss Allowance

0.5%

No prior period
Net Income

$12.4M

Previous: $10.9M+14.0%
Operating Income

$18.1M

No prior period
Cash & Equivalents

$182M

Previous: $250M-27.0%
Total Assets

$3.58B

Previous: $3.1B+15.5%
Stock-Based Comp

$1.4M

Previous: $1.29M+8.3%

Revenue & EPS history

Nicolet Bankshares · Revenue · Quarterly

$30.5M

Q4 2019+12.7%vs Q4 2018
Beat estimate in 14 of 14 quarters(100%)
ActualEstimate

Revenue by segment

Nicolet Bankshares · $9.66M total across 5 segments · Q4 2019

  • Mortgage Income
    $4.92M
  • Card Income
    $1.68M
  • Other Noninterest
    $1.29M
  • Deposit Fees
    $1.24M
  • BOLI Income
    $535K

Forward guidance

For 2020, the focus will be on driving core earnings growth through expanded customer base and capitalizing on investments in technology and infrastructure for additional operating leverage. They are well positioned to increase shareholder value through prudent common stock repurchases and by leveraging strength as a bank consolidator.

Tailwinds

  • Driving core earnings growth through expanded customer base
  • Capitalizing on investments in technology
  • Capitalizing on investments in infrastructure
  • Increasing shareholder value through prudent common stock repurchases
  • Leveraging strength as a bank consolidator

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+1.2%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+4.3%

Avg return

30 days after

60%

33 / 55 earnings

Positive

+13.0%

Q2 2024

Best reaction

-11.3%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.0%+4.0%-1.1%
Q4 2025+10.4%+9.3%+22.8%
Q3 2025-4.6%+0.1%+4.5%
Q2 2025-1.7%-1.0%+2.4%
Q1 2025+1.0%+1.5%+5.5%
Q4 2024+3.2%+2.5%+11.6%
Q3 2024+7.3%+4.5%+14.7%
Q2 2024+13.0%+9.1%-0.4%
Q1 2024-2.2%+2.9%+6.7%
Q4 2023+3.0%+5.3%+4.4%
Q3 2023-2.7%+1.5%+10.7%
Q2 2023+9.7%+8.1%+7.1%
Q1 2023-7.8%-9.0%-4.0%
Q4 2022-11.3%-10.9%-7.8%
Q3 2022-2.0%+1.0%+6.2%
Q2 2022+4.7%+8.6%+17.9%
Q1 2022+0.9%-6.7%-17.1%
Q4 2021+1.9%+4.6%+7.7%
Q3 2021-4.9%-4.9%-2.2%
Q2 2021+3.0%+1.2%+7.7%
Q1 2021+0.9%+2.9%+0.6%
Q4 2020+0.8%+1.3%+1.0%
Q3 2020+5.1%+7.3%+15.4%
Q2 2020+6.6%+10.1%+13.5%
Q1 2020-3.7%-3.3%+1.3%
Q4 2019+0.5%-0.0%+2.4%
Q3 2019+4.3%+4.2%+5.9%
Q2 2019+1.1%+0.7%-0.3%
Q1 2019-0.1%+1.9%+2.8%
Q4 2018+5.1%+10.1%+13.5%
Q3 2018+9.5%+3.0%+6.5%
Q2 2018+0.4%+1.2%-1.2%
Q1 2018-3.1%+0.3%+0.2%
Q4 2017-2.9%-0.3%-2.3%
Q3 2017-1.5%-1.5%-4.3%
Q2 2017-0.6%+0.6%-3.3%
Q1 2017+1.4%+2.3%+2.2%
Q4 2016+0.5%+0.6%+2.4%
Q3 2016+0.9%+1.5%+14.8%
Q2 2016+0.4%+0.7%+2.0%
Q1 2016+0.0%
Q4 2015+1.6%
Q3 2015+1.5%
Q2 2015+1.4%
Q1 2015+0.2%
Q4 2014+0.0%
Q3 2014-0.6%
Q2 2014-1.5%
Q1 2014+0.0%
Q4 2013+3.1%
Q4 2012+3.1%
Q3 2012-0.3%
Q3 2013-0.3%
Q2 2012+6.8%
Q2 2013+6.8%
Q1 2012
Q1 2013

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro