NYSE$NIC

Nicolet Bankshares Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported record earnings driven by secondary mortgage revenue and diligent expense management.

Nicolet Bankshares, Inc. announced a strong fourth quarter with net income of $18.0 million, a 46% increase compared to the same quarter in 2019. The company's full-year earnings were also record-breaking, driven by exceptional secondary mortgage revenue and diligent expense management.

  • Net income for Q4 2020 was $18.0 million, a 46% increase from Q4 2019.
  • Earnings per diluted common share for Q4 2020 were $1.74, compared to $1.18 for Q4 2019.
  • Return on average assets for Q4 2020 was 1.58%.
  • The company paid off $334 million Paycheck Protection Program Liquidity Facility, $6 million TRUPS and $12 million subordinated notes in Q4 2020.

Headline financials

Total Revenue

$34M

Previous: $30.5M+11.6%
EPS (adj)

$1.74

Previous: $1.18+47.5%
Net Interest Margin

3.3%

Previous: 4.1%-19.0%
Efficiency Ratio

49.0%

Previous: 57.6%-14.9%
Effective Tax Rate

25.4%

Previous: 31.4%-19.3%
NPAs to Total Assets

0.3%

Previous: 0.4%-31.0%
ROA

1.6%

No prior period
Net Income

$18.1M

Previous: $12.4M+46.1%
Operating Income

$24.2M

Previous: $18.1M+34.2%
Cash & Equivalents

$803M

Previous: $182M+341.0%
Total Assets

$4.55B

Previous: $3.58B+27.2%
Stock-Based Comp

$1.48M

Previous: $1.4M+6.4%

Revenue & EPS history

Nicolet Bankshares · Revenue · Quarterly

$34M

Q4 2020+11.6%vs Q4 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Nicolet Bankshares · $6.34M total across 5 segments · Q1 2020

  • Mortgage Income
    $2.33M
  • Card Income
    $1.56M
  • Deposit Fees
    $1.23M
  • BOLI Income
    $703K
  • Other Noninterest
    $521K

Forward guidance

Nicolet Bankshares anticipates increased consolidation within the industry due to continued headwinds. The company believes there are opportunities to create shareholder value through accretive acquisitions.

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 2020

Historical avgQ4 2020

+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

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