Nicolet Bankshares has surged 131% over the past five years to $165.35 per share, nearly doubling the S&P 500's total return. The regional bank's net interest income grew at a 21.9% annualized rate over the last five years, while its net interest margin expanded by 65 basis points over the past two years to an average of 3.6%. Tangible book value per share increased by 10.2% annually over five years, accelerating to 17% annual growth in the last two years to $59.21 per share. The stock currently trades at 1.4 times forward price-to-book.
Nicolet Bankshares Inc.Strong net interest income growth and margin expansion drove stock surge