Nicolet Bankshares, Inc. filed its quarterly report on Form 10-Q with the SEC on October 30, 2026, covering the period ended September 30, 2026.

Key Highlights

  • Total assets reached $15.06 billion as of September 30, 2026, compared to $9.19 billion at December 31, 2025, according to the filing.
  • Net income for Q3 2026 was $63.7 million ($2.96 diluted earnings per share), versus $41.7 million ($2.73 diluted EPS) in Q3 2025.
  • Net interest income for the nine months ended September 30, 2026 was $393.3 million, up from $225.6 million in the same period of 2025.
  • Merger-related expense totaled $52.7 million for the nine months ended September 30, 2026, with no comparable expense in the prior-year period.
  • Total loans grew to $10.88 billion as of September 30, 2026, from $6.84 billion at December 31, 2025.
  • Cash dividends of $0.36 per share were paid on common stock during Q3 2026, the filing disclosed.
  • Common shares outstanding were 20,845,434 as of September 30, 2026, with 20,789,055 shares outstanding as of October 29, 2026.

Nicolet Bankshares Reports Significant Balance Sheet Growth Amid Merger Activity in Q3 2026

Nicolet Bankshares, Inc. (NYSE:NIC), a Wisconsin-based bank holding company headquartered in Green Bay, reported a substantial expansion of its balance sheet in the quarter ended September 30, 2026. According to the filing, total assets rose to $15.06 billion from $9.19 billion at year-end 2025, driven largely by growth in loans, securities available for sale, and goodwill and other intangibles. Total loans stood at $10.88 billion, up from $6.84 billion, while securities available for sale increased to $1.98 billion from $859.8 million.

The company reported net interest income of $142.2 million for the three months ended September 30, 2026, compared to $79.3 million in the same quarter of 2025. Total interest income for Q3 2026 was $200.4 million, with loans, including loan fees, contributing $174.0 million. For the nine-month period, net income reached $135.8 million, or $6.57 diluted earnings per share, versus $110.4 million, or $7.14 diluted EPS, in the prior-year nine-month period. The filing attributed $52.7 million in merger-related expense during the nine months ended September 30, 2026, with no such expense recorded in the comparable 2025 period.

The provision for credit losses was $1.95 million in Q3 2026, bringing the nine-month total to $9.5 million, compared to $3.5 million for the same period in 2025. The allowance for credit losses on loans was $134.8 million as of September 30, 2026, versus $68.8 million at December 31, 2025. Total stockholders' equity was $2.23 billion at period end, and accumulated other comprehensive loss widened to $91.2 million, reflecting net unrealized losses on available-for-sale securities. During Q3 2026, the company repurchased and retired common stock totaling $40.0 million, according to the filing.

What Was Disclosed

Nicolet Bankshares filed its unaudited quarterly financial statements for the period ended September 30, 2026, reporting significant balance sheet expansion, higher net interest income, and $52.7 million in merger-related expense for the nine-month period, alongside net income of $63.7 million for the quarter.