Nicolet Bankshares Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
January 21, 2015 at 02:44 am IST
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Nicolet Bankshares Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of $10.51 million compared to $10.53 million a year ago. Net income available to common shareholders was $2.36 million or $0.55 per diluted share compared to $0.92 million or $0.22 per diluted share a year ago.
For the full year, the company reported net interest income of $41.88 million compared to $36.90 million a year ago. Net income available to common shareholders was $9.71 million or $2.25 per diluted share compared to $15.17 million or $3.80 per diluted share a year ago. Book value per common share was $21.34 compared to $18.97 a year ago. Tangible book value per common share was $20.15 compared to $17.55 a year ago. Return on average assets was 0.84% for 2014, while the return on average common equity was 11.5%.
Nicolet Bankshares, Inc. is the bank holding company of Nicolet National Bank (the Bank), a full-service, community bank providing services ranging from commercial, agricultural and consumer banking to wealth management and retirement plan services. The Bank operates branches in Wisconsin, Michigan and Minnesota. The Company offers a variety of loans, deposits and related services to business customers, including business checking and other business deposit products and cash management services, international banking services, as well as retirement plan services. It offers a variety of banking products and services to consumers, including residential mortgage loans and mortgage refinancing, home equity loans and lines of credit, residential construction loans, safe deposit boxes, and personal brokerage, trust and fiduciary services. The Company delivers its products and services through approximately 56 bank branch locations, online banking, mobile banking and an interactive Website.