Post by MikeTesteron Jan 24, 2025 5:59pm
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Post# 36419919
Nicolet Bankshares, Inc.: A Leading Midwest Community Bank P
Nicolet Bankshares, Inc.: A Leading Midwest Community Bank PDigging NIC here. Strong regional bank with solid fundamentals. Q3 numbers look impressive - 89% net income jump is no joke. $8.6B in assets and growing steadily in Wisconsin/Michigan markets. Loan portfolio looks diversified with commercial, ag, and real estate mix. Management seems sharp navigating challenges like that fraud issue they quickly addressed.Wealth management segment growing nicely too - up from 17% to 20% of revenue. Those 3.35% net interest margins are tasty in this rate environment. Might add to my position on next pullback.BTW, BeyondSPX has high quality in-depth analysis on just about every US stock out there, even microcaps, for free. Great resource for digging into companies like this. https://beyondspx.com/article/nicolet-bankshares-inc-a-leading-midwest-community-bank-poised-for-continued-growth