Nicolet Bankshares Management

Management criteria checks 4/4

Nicolet Bankshares' CEO is Mike Daniels, appointed in Apr 2021, has a tenure of 22.25 years. total yearly compensation is $1.42M, comprised of 49.2% salary and 50.8% bonuses, including company stock and options. directly owns 0.59% of the company’s shares, worth $7.16M. The average tenure of the management team and the board of directors is 2.9 years and 14.6 years respectively.

Key information

Mike Daniels

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage	49.2%
CEO tenure	3yrs
CEO ownership	0.6%
Management average tenure	2.9yrs
Board average tenure	14.6yrs

Recent management updates

Recent updates

Nicolet Bankshares Non-GAAP EPS of $1.84 misses by $0.16, revenue of $82.94M beats by $10.98M

Jan 17

Nicolet Bankshares Non-GAAP EPS of $1.74 misses by $0.06, revenue of $75.99M beats by $15.24M

Oct 25

Nicolet Bankshares GAAP EPS of $1.73 beats by $0.04, revenue of $69.22M beats by $11.88M

Jul 19

Analysts Just Made A Major Revision To Their Nicolet Bankshares, Inc. (NASDAQ:NCBS) Revenue Forecasts

May 13

Nicolet: Wisconsin Acquirer With Upside

Feb 02

This Just In: Analysts Are Boosting Their Nicolet Bankshares, Inc. (NASDAQ:NCBS) Outlook for This Year

Jan 22

Industry Analysts Just Upgraded Their Nicolet Bankshares, Inc. (NASDAQ:NCBS) Revenue Forecasts By 14%

Jul 22

Don't Ignore The Fact That This Insider Just Sold Some Shares In Nicolet Bankshares, Inc. (NASDAQ:NCBS)

Feb 26

How Much Are Nicolet Bankshares, Inc. (NASDAQ:NCBS) Insiders Taking Off The Table?

Feb 09

Investors Who Bought Nicolet Bankshares (NASDAQ:NCBS) Shares Five Years Ago Are Now Up 111%

Jan 04

Here's What Nicolet Bankshares, Inc.'s (NASDAQ:NCBS) Shareholder Ownership Structure Looks Like

Nov 30

CEO Compensation Analysis

How has Mike Daniels's remuneration changed compared to Nicolet Bankshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$98m
Dec 31 2023	US$1m	US$700k	US$62m
Sep 30 2023	n/a	n/a	US$58m
Jun 30 2023	n/a	n/a	US$60m
Mar 31 2023	n/a	n/a	US$61m
Dec 31 2022	US$2m	US$700k	US$94m
Sep 30 2022	n/a	n/a	US$83m
Jun 30 2022	n/a	n/a	US$72m
Mar 31 2022	n/a	n/a	US$67m
Dec 31 2021	US$4m	US$562k	US$61m
Sep 30 2021	n/a	n/a	US$62m
Jun 30 2021	n/a	n/a	US$73m
Mar 31 2021	n/a	n/a	US$68m
Dec 31 2020	US$2m	US$521k	US$60m
Sep 30 2020	n/a	n/a	US$54m
Jun 30 2020	n/a	n/a	US$50m
Mar 31 2020	n/a	n/a	US$55m
Dec 31 2019	US$3m	US$510k	US$55m
Sep 30 2019	n/a	n/a	US$53m
Jun 30 2019	n/a	n/a	US$51m
Mar 31 2019	n/a	n/a	US$42m
Dec 31 2018	US$1m	US$495k	US$41m
Sep 30 2018	n/a	n/a	US$39m
Jun 30 2018	n/a	n/a	US$38m
Mar 31 2018	n/a	n/a	US$37m
Dec 31 2017	US$6m	US$472k	US$33m

Compensation vs Market: Mike's total compensation ($USD1.42M) is below average for companies of similar size in the US market ($USD5.55M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Daniels (59 yo)

3yrs

Tenure

US$1,423,772

Compensation

Mr. Michael E. Daniels, also known as Mike, serves as President and Chief Executive Officer at Nicolet Bankshares, Inc. since April 26, 2021 and also serves as its Chairman since December 31, 2023. Mr. Dan...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Daniels	President	3yrs	US$1.42m	0.59% $ 7.2m
H. Moore	Chief Financial Officer	2.8yrs	US$836.54k	0.21% $ 2.5m
Robert Atwell	Executive Director	less than a year	US$1.09m	0.29% $ 3.5m
Eric Witczak	Executive VP & Secretary	3yrs	US$754.30k	0.32% $ 3.9m
Eric Radzak	Corporate Development Officer & Investor Relations	no data	no data	no data
Jeff Gahnz	Vice President of Marketing & Public Relations	no data	no data	no data

2.9yrs

Average Tenure

59yo

Average Age

Experienced Management: NIC's management team is considered experienced (2.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Daniels	President	22.3yrs	US$1.42m	0.59% $ 7.2m
Robert Atwell	Executive Director	24.3yrs	US$1.09m	0.29% $ 3.5m
Andrew Hetzel	Independent Director	5.9yrs	US$64.97k	0.051% $ 615.4k
Susan Merkatoris	Independent Director	21.3yrs	US$83.47k	0.62% $ 7.4m
Robert Weyers	Independent Director	24.3yrs	US$70.94k	0.62% $ 7.5m
Donald Long	Independent Director	24.3yrs	US$71.22k	0.54% $ 6.5m
Dustin McClone	Independent Director	7yrs	US$67.44k	0.025% $ 307.2k
Oliver Smith	Independent Director	7yrs	US$67.44k	2.99% $ 36.0m
Christopher Ghidorzi	Director	11yrs	US$68.84k	0.049% $ 593.4k
John Dykema	Independent Director	18.3yrs	US$69.72k	0.62% $ 7.5m
Lynn Davis	Independent Director	2.3yrs	US$65.47k	0.076% $ 912.3k
Hector Colon	Independent Director	2.8yrs	US$67.47k	0.020% $ 242.5k

14.6yrs

Average Tenure

59.5yo

Average Age

Experienced Board: NIC's board of directors are seasoned and experienced ( 14.6 years average tenure).

Nicolet Bankshares Management

Management criteria checks 4/4

Key information

Recent management updates

Executive Director recently sold US$176k worth of stock

Executive Director notifies of intention to sell stock

Executive VP & Secretary notifies of intention to sell stock

President notifies of intention to sell stock

Executive Chairman recently sold US$153k worth of stock

Independent Director recently sold US$230k worth of stock

Recent updates

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Nicolet Bankshares, Inc. Reports Net Loan Charge-Offs for the First Quarter Ended March 31, 2024

Executive Director recently sold US$176k worth of stock

Executive Director notifies of intention to sell stock

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Nicolet Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2024

Consensus revenue estimates increase by 15%

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Executive VP & Secretary notifies of intention to sell stock

President notifies of intention to sell stock

Executive Chairman recently sold US$153k worth of stock

Nicolet Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on December 15, 2023

Independent Director recently sold US$230k worth of stock

Nicolet Bankshares, Inc. Announces Step Down of Robert Atwell as Executive Chairman of the Board, Effective January 1, 2024

President notifies of intention to sell stock

Independent Director recently sold US$225k worth of stock

Independent Director notifies of intention to sell stock

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Nicolet Bankshares, Inc. Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2023

Upcoming dividend of US$0.25 per share at 1.3% yield

Nicolet Bankshares, Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2023

Nicolet Bankshares, Inc. to Report Q3, 2023 Results on Oct 24, 2023

Executive Chairman exercised options and sold US$551k worth of stock

Price target increased by 16% to US$83.40

Second quarter 2023 earnings: EPS exceeds analyst expectations

Now 24% undervalued

Investor sentiment improves as stock rises 23%

Investor sentiment improves as stock rises 16%

Nicolet Bankshares, Inc. Elects Glen E. Tellock as Director

Chief Financial Officer recently bought US$85k worth of stock

Consensus EPS estimates fall by 39%

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 8.8% to US$78.60

Price target decreased by 7.1% to US$83.60

Price target decreased by 10% to US$86.20

Full year 2022 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 11%

Full year 2022 earnings: EPS misses analyst expectations

Nicolet Bankshares, Inc. Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2022

Nicolet Bankshares Non-GAAP EPS of $1.84 misses by $0.16, revenue of $82.94M beats by $10.98M

Nicolet Bankshares, Inc. Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2022

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Nicolet Bankshares Non-GAAP EPS of $1.74 misses by $0.06, revenue of $75.99M beats by $15.24M

Independent Director recently bought US$757k worth of stock

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Nicolet Bankshares GAAP EPS of $1.73 beats by $0.04, revenue of $69.22M beats by $11.88M

Nicolet Bankshares, Inc.(NYSE:NIC) dropped from NASDAQ Composite Index

Independent Director recently bought US$759k worth of stock

Analysts Just Made A Major Revision To Their Nicolet Bankshares, Inc. (NASDAQ:NCBS) Revenue Forecasts

Nicolet Bankshares, Inc. Elects Marcia M. Anderson as Director

Consensus forecasts updated

Insider recently bought US$79k worth of stock

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Chief Financial Officer recently bought US$250k worth of stock

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Nicolet Bankshares, Inc. Reports Net Loan Charge-Offs for the First Quarter Ended March 31, 2022

Nicolet Bankshares, Inc. (NasdaqCM:NCBS) entered into an Agreement and Plan of Merger to acquire Charter Bankshares, Inc. from family for approximately $160 million.

Nicolet Bankshares, Inc., Annual General Meeting, May 09, 2022

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Nicolet: Wisconsin Acquirer With Upside

Insider exercised options and sold US$304k worth of stock

Director recently sold US$506k worth of stock

This Just In: Analysts Are Boosting Their Nicolet Bankshares, Inc. (NASDAQ:NCBS) Outlook for This Year

Price target increased to US$93.75

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Chief Financial Officer recently bought US$213k worth of stock

Nicolet Bankshares, Inc. (NasdaqCM:NCBS) completed the acquisition of County Bancorp, Inc. (NasdaqGM:ICBK).

Nicolet Bankshares, Inc. Announces Branch Optimization Strategy to Better Align with Customer Actions

Chief Financial Officer recently bought US$511k worth of stock