NICOLET BANKSHARES INC 8K

Nicolet Bankshares, Inc. reported strong Q2 2026 earnings, advanced the integration and optimization of its MidWest One acquisition (including an approved sale of Denver branches), expanded its share repurchase authorization, and declared a quarterly dividend.

On July 21, 2026, Nicolet Bankshares, Inc. reported strong second quarter 2026 financial results, including net income of $57 million (core net income of $65 million), diluted EPS of $2.62 (core $2.99), a 4.14% net interest margin, and robust returns on assets and tangible common equity, reflecting a full quarter’s contribution from the recently acquired MidWest One Financial Group, Inc. The company highlighted stable credit quality, modest balance sheet contraction driven by lower cash and brokered deposits, and the early redemption of junior subordinated debentures. Nicolet also disclosed that it repurchased 267,310 common shares for $40 million during the quarter and received board authorization for an additional $150 million in share repurchases. Operationally, Nicolet is progressing with the integration of MidWest One, including a planned core conversion later in the summer to realize merger-related cost savings. In a separate transaction, Nicolet National Bank entered into a definitive all-cash purchase and assumption agreement on April 21, 2026 to sell its Denver, Colorado branches (with approximately $402 million of loans and $388 million of deposits as of June 30, 2026) acquired in the MidWest One deal to Sunwest Bank; this branch sale has board and regulatory approvals and is expected to close in the third quarter of 2026, subject to customary closing conditions. The board also declared a quarterly cash dividend of $0.36 per share, payable on September 15, 2026 to shareholders of record on September 1, 2026, and indicated that the company expects to release third quarter 2026 earnings on October 20, 2026.

Filing Facts

CIK

1174850

Ticker

-

Form

8K

Source Type

sec

Accession

0001174850-26-000157

Alert Tier

7