Nicolet Bankshares, Inc.
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Nicolet Bankshares, Inc. - overview
Established
2000
Location
Green Bay, WI, US
Primary Industry
Financial Services
About
Nicolet Bankshares, Inc. is a financial institution dedicated to providing a diverse range of banking services, including personal, business, and agricultural banking, primarily within the Midwest region of the United States. Founded in 2000, Nicolet Bankshares, Inc. is headquartered in Green Bay, US.
The company operates as a financial services provider offering various banking solutions tailored to meet the needs of personal and commercial clients. Michael Daniels serves as the CEO, leading the firm since its inception and guiding its strategic direction. Nicolet National Bank offers a comprehensive range of financial products and services designed to cater to personal, business, and agricultural banking needs. Their core offerings include various checking and savings accounts, home lending solutions, wealth management services, and agricultural loans.
The checking accounts, such as the Real Rewards Checking and Value Checking, provide customers with options to earn interest or cash back, while savings accounts, including standard savings and Junior Savings accounts, are aimed at fostering financial literacy and growth among younger savers. These products are structured to simplify banking for customers, promoting financial well-being through competitive interest rates and minimal fees. The bank serves a diverse clientele, including individuals, families, small businesses, and farmers primarily in the Midwest region of the United States, with a focus on communities in Wisconsin. Nicolet National Bank generates revenue through multiple streams, primarily from interest income and fees associated with its banking services.
For the year 2023, the company's revenue reached USD 300. 34 mn, with an EBITDA of USD 105. 04 mn. Transactions typically occur through customer deposits in checking and savings accounts, loan originations, and mortgage refinancing.
The bank’s flagship products, such as home equity lines of credit and various loan options, contribute significantly to its revenue model. Additionally, business clients utilize treasury management services, providing the bank with transactional income through service fees. The pricing structure for individual services is designed to be competitive within the market, ensuring accessibility for all customer segments—ranging from personal banking users to larger corporate clients. The bank’s focus on relationship banking fosters loyalty and repeat business, enhancing overall revenue stability.
Nicolet Bankshares, Inc. aims to expand its offerings and reach in the coming years. The company is in the process of developing new products designed to enhance digital banking experiences, with anticipated launches by mid-2024. Additionally, plans are underway to enter new markets, specifically targeting expansion into the Greater Chicago area by the end of 2025.
Recent funding will be strategically utilized to support these initiatives, reinforcing the company's commitment to meeting evolving customer needs and strengthening its market presence.
Primary Industry
Financial Services
Sub Industries
Retail Banks, Commercial Banks
Website
www.nicoletbank.com
Verticals
FinTech
Total Amount Raised
Subscriber access only
Nicolet Bankshares, Inc. - timeline of key events
Nicolet Bankshares, Inc. - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 53,748,000 | 55,042,000 | 89,083,000 | 128,508,000 | 139,460,000 | 155,989,000 | 189,277,000 | - | - | - |
| % Revenue Growth (YoY) | - | 2.4% | 61.8% | 44.3% | 8.5% | 11.9% | 21.3% | - | - | - |
| EBITDA (USD) | 18,506,000 | 20,966,000 | 33,197,000 | 56,767,000 | 61,081,000 | 78,757,000 | 91,630,000 | - | - | - |
| Operating Income (USD) | 14,658,000 | 17,644,000 | 28,065,000 | 49,700,000 | 54,799,000 | 71,446,000 | 80,945,000 | - | - | - |
| Operating Margin | 27.3% | 32.1% | 31.5% | 38.7% | 39.3% | 45.8% | 42.8% | - | - | - |
| % EBITDA Margin | 34.4% | 38.1% | 37.3% | 44.2% | 43.8% | 50.5% | 48.4% | - | - | - |
| NET Income (USD) | 10,051,000 | 11,555,000 | 18,694,000 | 33,433,000 | 41,353,000 | 54,988,000 | 60,469,000 | - | - | - |
| % Net Margin | 18.7% | 21.0% | 21.0% | 26.0% | 29.7% | 35.3% | 31.9% | - | - | - |
Nicolet Bankshares, Inc. - employee data
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