Nicolet Bankshares, Inc. announced net income of $57 million for the second quarter of 2026, a significant increase from $15 million in the first quarter. Core net income, a non-GAAP measure that excludes merger-related expenses, was $65 million, up from $52 million in the prior quarter. Diluted earnings per share were $2.62, with core diluted earnings per share of $2.99, compared to $0.81 and $2.75, respectively, in the first quarter. The results reflect a full quarter of contributions from the MidWestOne Financial Group acquisition, which closed on February 13, 2026, adding $6.1 billion in assets. Net interest margin expanded to 4.14%, aided by loan purchase accounting accretion and lower core deposit funding costs, while the company repurchased 267,310 common shares for $40 million and authorized an additional $150 million in repurchases.
Nicolet Bankshares Inc.Net income surged to $57M from $15M, core EPS rose to $2.99, and the company authorized $150M in additional share repurchases.