Nicolet Bankshares Q2 net income rises to $57 million; declares $0.36 quarterly dividend
Nicolet Bankshares reported second quarter 2026 net income of $57 million, or $2.62 per diluted share, up from $15 million, or $0.81 per share, in the first quarter, when merger-related expenses were larger. The company also declared a $0.36 quarterly dividend payable September 15, 2026, and said it repurchased $40 million of its common stock during the quarter. Results include a full quarter of MidWest One following the February 13, 2026 acquisition.
Key points
- Net income of $57 million and diluted EPS of $2.62 for Q2 2026, versus $15 million and $0.81 in Q1 2026; core diluted EPS (non-GAAP) was $2.99
- Net interest margin rose to 4.14% from 3.98% in Q1 2026; merger-related expense fell to $7.4 million from $40.7 million
- Repurchased 267,310 shares for $40 million in Q2 and authorized $150 million in additional repurchases
- Quarterly dividend of $0.36 per share, payable September 15, 2026, to holders of record as of September 1, 2026; Denver branch sale to Sunwest Bank expected to close in Q3 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 21, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.