Monitor for integration costs and synergy realization from the MidWestOne acquisition; the core profitability remains strong despite GAAP earnings pressure from merger-related expenses.
Price Chart
Executive Summary
Nicolet Bankshares announced Q1 2026 earnings with net income of $15 million ($0.81 diluted EPS) on $110 million in net interest income, driven by the acquisition of MidWestOne. Core diluted EPS was $2.75, a 13% increase in the quarterly dividend to $0.36 per share, and announced the sale of Denver branches to Sunwest Bank.
Key Financial Metrics
Key Facts
- Net income of $15 million ($0.81 diluted EPS) for Q1 2026, compared to $40 million ($2.65 diluted EPS) for Q4 2025
- Core diluted EPS (non-GAAP) was $2.75, up from $2.73 in Q4 2025
- Net interest income was $110 million, a 35% increase from Q4 2025
- Acquisition of MidWestOne closed on February 13, adding $6.1 billion in assets
- Declared a 13% increase in quarterly dividend to $0.36 per share
- Announced sale of Denver branches acquired from MidWestOne to Sunwest Bank
Financial Impact
Net income down 62.5% YoY, but core EPS up 0.7% YoY; $110M net interest income
Risk Factors
- Integration risks from the MidWestOne acquisition
- Merger-related expenses impacting GAAP earnings
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001174850-26-000093 |
| Document: nic-20260421.htm | 0001174850-26-000093 |
| Document: 0001174850-26-000093-index-headers.html | 0001174850-26-000093 |
| Document: 0001174850-26-000093-index.html | 0001174850-26-000093 |
| Document: 0001174850-26-000093.txt | 0001174850-26-000093 |
| 8-K Data (Synthetic) | 0001174850-26-000093 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $165.73 $169.64 | ▼ −2.36% | ▼ −3.54% | $171.41 (−3.43%) |
Sep 22, 2026 4w ago | Institutional Cluster | $165.65 $164.78 | ▼ −0.53% | ▲ +0.20% | $171.41 (+3.48%) |
Jul 29, 2026 12w ago | Insider Cluster | $169.55 $170.92 | ▲ +0.81% | ▲ +0.09% | $171.41 (+1.10%) |
Apr 21, 2026 26w ago | 8-K | $142.86 $144.04 | ▲ +0.83% | ▲ +1.22% | $171.41 (+19.98%) |
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