Nicolet Bankshares reported record FY 2025 net income of USD 150.7 million, with diluted EPS of USD 9.78. Net interest income was USD 306.5 million (+14.0%), driven by tax-equivalent net interest income of USD 308.3 million (+14.0%) and a net interest margin of 3.76% (up 29 bps). Noninterest income totaled USD 85.6 million (+4.0%) and noninterest expense was USD 200.8 million (+5.0%), while provision for credit losses was USD 4.3 million. At December 31, 2025, Nicolet had total assets of USD 9.2 billion (+4.0%), loans of USD 6.8 billion (+3.0%), deposits of USD 7.7 billion (+4.0%), and common stockholders’ equity of USD 1.3 billion. Nonperforming assets were USD 32.3 million (0.35% of total assets) and the allowance for credit losses on loans was USD 68.8 million (1.01% of loans). The company repurchased 646,002 shares for USD 76.6 million and increased its dividend by 14%. Nicolet highlighted the acquisition of MidWestOne, which closed on February 13, 2026, doubling its branch footprint to over 100 locations and expanding into Iowa; the company said core system integration is intentionally delayed until late summer 2026. Management also noted the regulatory and revenue implications of crossing USD 10.0 billion in assets, including an expected reduction of more than USD 5.0 million in card interchange income once subject to the Durbin amendment.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nicolet Bankshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001174850-26-000077), on February 27, 2026, and is solely responsible for the information contained therein.
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