Nicolet Bankshares has surged 132% over the past five years to $165.54 per share, nearly doubling the S&P 500's total return of 74.3% since July 2021. The regional bank's net interest income grew at a 21.9% annualized rate over the last five years, outpacing the broader banking industry. Its net interest margin averaged 3.6% over the past two years, expanding by 65 basis points, while tangible book value per share increased 10.2% annually over five years and accelerated to 17% annual growth in the last two years, reaching $59.21 per share. The stock has gained 25.9% in the last six months, beating the S&P 500 by 17.2 percentage points.
Nicolet Bankshares Inc.Strong net interest income and margin growth, plus tangible book value per share increase, driving stock outperformance.