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GREEN BAY, Wis. - Nicolet Bankshares, Inc. (NYSE: NIC), the parent company of Nicolet National Bank, has announced an increase in its quarterly cash dividend. Shareholders are set to receive $0.32 per share, marking a 14% rise from the previous dividend. The upcoming dividend is scheduled for payment on June 13, 2025, to shareholders on record as of June 2, 2025. The dividend yield stands at 0.91%, according to InvestingPro data, while the stock has delivered an impressive 51% return over the past year.
The Wisconsin-based financial institution, founded in 2000, operates a network of branches across Wisconsin, Michigan, and Minnesota. Nicolet National Bank offers a comprehensive suite of banking services, including commercial and consumer banking, agricultural finance, wealth management, and retirement planning. With a market capitalization of $1.86 billion and revenue growth of ~10% in the last twelve months, the bank maintains a "GREAT" overall financial health score on InvestingPro.
This dividend increase reflects the company’s commitment to providing value to its shareholders and signals confidence in its financial stability and future performance. Dividends are a way for companies to distribute a portion of their earnings back to shareholders, and an increase in the dividend amount can be indicative of a company’s strong financial health.
Investors typically view regular and increasing dividends as a sign of a company’s steady profitability and growth potential. For Nicolet Bankshares, this move serves to reinforce its position in the financial market as a reliable institution committed to its shareholders’ interests.
The information provided is based on a press release statement from Nicolet Bankshares, Inc.
In other recent news, Nicolet Bankshares reported operating earnings of $2.10 per share, exceeding analysts’ expectations. This achievement was largely driven by strong pre-provision net revenue, which offset a slightly higher provision for credit losses. The company’s net interest income increased due to substantial loan growth and a consistent margin. Nicolet Bankshares experienced approximately 7% loan growth on a linked quarter annualized basis, with commercial and industrial loans growing by 15% and commercial real estate loans by 8%. Credit quality remained stable with nonperforming assets flat and minimal net charge-offs. Keefe, Bruyette & Woods analyst Damon Del Monte raised the price target for Nicolet Bankshares to $118 from $115, maintaining a Market Perform rating. Del Monte noted the company’s consistent financial performance and anticipates continued strong performance with gradually increasing margins and controlled expenses.
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