Nicolet Bankshares has surged 136% over the past five years to $167.35 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 same period, 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 10.2% annually over five years, accelerating to 17% annual growth in the last two years to $59.21 per share. The stock trades at 1.5 times forward price-to-book.
Nicolet Bankshares Inc.Strong net interest income growth and margin expansion drove 136% stock surge over five years.