Nicolet Bankshares (NIC) investor relations material

Executive summary

• Q3 2026 net income was $64 million, or $68 million core; diluted EPS was $2.96, or $3.15 core, versus Q2 net income of $57 million and core EPS of $2.99.

• Core return on average tangible common equity was 22.01%; core deposits grew $223 million and asset quality remained solid.

Financial highlights

• Net interest income was $142.2 million, up 1% QoQ; net income was $63.7 million versus $56.9 million in Q2 and $41.7 million in Q3 2025.

• Q3 diluted EPS was $2.96 versus $2.62 in Q2 and $2.73 in Q3 2025; core diluted EPS was $3.15 versus $2.99 in Q2.

• 9M net income was $135.8 million versus $110.4 million in 9M 2025; core net income was $184.4 million versus $109.8 million.

• Q3 noninterest income was $32.2 million and noninterest expense was $91.3 million; Q2 expense included higher merger costs and a loss on early debt redemption.

Outlook and guidance

• Management expects a cleaner Q4, providing a clearer view of earnings potential heading into 2027; focus areas are customer relationship growth and disciplined credit and expenses.

• Q4 and FY 2026 earnings are expected to be released January 19, 2027.