Nicolet Bankshar Stock Price, News & Analysis
Company Description
Nicolet Bankshares, Inc. (NYSE: NIC) is a financial holding company and the parent of Nicolet National Bank, a growing, full-service community bank. According to the company’s public communications, Nicolet provides services that range from commercial, agricultural and consumer banking to wealth management and retirement plan services. Nicolet National Bank was founded in Green Bay, Wisconsin in 2000 and operates branches primarily in Wisconsin, Michigan, and Minnesota.
As a bank holding company in the commercial banking industry, Nicolet’s principal business is banking, consisting of lending and deposit gathering, along with ancillary banking-related products and services for businesses and individuals in the communities it serves. The company’s disclosures describe a focus on business customers, especially small and medium-sized businesses and professional concerns, as well as individual consumers. Its offerings include a variety of loans, deposits and related services, business deposit products, cash management services, international banking services, business loans, lines of credit, commercial real estate financing, construction loans, agricultural real estate or production loans, letters of credit, and retirement plan services.
Nicolet reports that it serves commercial, agricultural and consumer clients through its community banking model. The bank’s loan portfolio includes commercial-based loans, construction and agricultural loans, and commercial and industrial lending, as reflected in its periodic financial updates. On the funding side, Nicolet’s balance sheet information highlights a mix of noninterest-bearing demand deposits, interest-bearing deposits and brokered deposits, with an emphasis on core customer deposits.
The company’s public filings and earnings releases show that Nicolet generates revenue through net interest income from loans and investment securities, as well as noninterest income streams such as wealth management fee income, mortgage income, service charges on deposit accounts, card interchange income, bank-owned life insurance (BOLI) income and other noninterest income categories. Nicolet also discusses the use of non-GAAP financial measures, including adjusted net income, tangible book value per common share, return on average tangible common equity and tangible common equity to tangible assets, as tools to analyze its financial condition and performance.
Nicolet emphasizes asset quality metrics such as nonperforming assets and allowance for credit losses on loans in its financial summaries. The company’s communications note that nonperforming assets represent a small percentage of total assets and that loan net charge-offs have been negligible over the periods presented, with the allowance for credit losses-loans consistently expressed as a percentage of total loans.
In addition to organic growth, Nicolet has been active in strategic initiatives. On October 23, 2025, Nicolet and MidWestOne Financial Group, Inc. announced the execution of a definitive merger agreement under which MidWestOne will merge with and into Nicolet in an all-stock transaction, subject to shareholder and regulatory approvals and other customary closing conditions. The related SEC filings and joint press release describe that, based on financial results as of September 30, 2025, the combined company is expected to have pro forma total assets of $15.3 billion, deposits of $13.1 billion and loans of $11.3 billion, and more than 110 branches and loan production offices across the Upper Midwest, Denver, Colorado and Naples, Florida, among other areas, upon closing. The merger is expected to close in the first half of 2026, subject to the stated conditions.
Nicolet’s board of directors has also authorized capital management actions such as common stock repurchases and quarterly cash dividends on its common stock, as disclosed in multiple earnings and Form 8-K filings. The company has reported regular quarterly net income, net interest margin trends, loan and deposit growth, and capital levels, positioning these metrics within the context of its community banking focus.
Through its combination of commercial, agricultural and consumer banking, wealth management and retirement plan services, Nicolet Bankshares, Inc. presents itself as a community-focused financial holding company centered on relationship-based banking in its core Midwest markets.