Nicolet Bankshares (NIC) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $57 million ($65 million core), up from $15 million ($52 million core) in Q1 2026 and $36 million in Q2 2025.

• Diluted EPS was $2.62 ($2.99 core) for Q2 2026, compared to $0.81 ($2.75 core) in Q1 2026.

• Results reflect strong core earnings, expanded net interest margin, solid credit quality, and successful integration of MidWest One.

• Repurchased 267,310 shares for $40 million and authorized $150 million in additional repurchases.

Financial highlights

• Net interest income rose to $141 million, up 29% from Q1 2026, driven by higher average loans and securities from the MidWest One acquisition.

• Net interest margin increased to 4.14% from 3.98% in Q1 2026.

• Noninterest income was $36 million, up $11 million sequentially, with increases in wealth management, service charges, and card interchange income.

• Noninterest expense decreased $6 million to $104 million, mainly due to lower merger-related costs.

• Total assets at June 30, 2026, were $15.4 billion; total deposits were $12.5 billion.

Outlook and guidance

• Management expects continued margin expansion and solid organic growth through the remainder of 2026, supported by integration synergies and cost savings from the MidWest One merger.

• The sale of Denver branches is expected to close in Q3 2026.

• Next earnings release scheduled for October 20, 2026.