Earnings summaries and quarterly performance for NICOLET BANKSHARES.
Executive leadership at NICOLET BANKSHARES.
Board of directors at NICOLET BANKSHARES.
AF
Andrew F. Hetzel, Jr.
Detailed
Director
BL
Brenda L. Johnson
Detailed
Director
CJ
Christopher J. Ghidorzi
Detailed
Director
DJ
Donald J. Long, Jr.
Detailed
Director
DJ
Dustin J. McClone
Detailed
Director
GE
Glen E. Tellock
Detailed
Director
HC
Héctor Colón
Detailed
Director
JN
John N. Dykema
Detailed
Lead Independent Director
LD
Lynn D. Davis
Detailed
Director
MM
Marcia M. Anderson
Detailed
Director
OP
Oliver Pierce Smith
Detailed
Director
RB
Robert B. Atwell
Detailed
Director
RJ
Robert J. Weyers
Detailed
Director
SL
Susan L. Merkatoris
Detailed
Director
Research analysts covering NICOLET BANKSHARES.
Recent press releases and 8-K filings for NIC.
Nicolet Bankshares Shareholders Approve MidWestOne Merger and Increase Share Repurchase Authorization
NIC
M&A
Proxy Vote Outcomes
Share Buyback
- On January 26, 2026, Nicolet Bankshares shareholders approved the merger agreement with MidWestOne Financial Group, Inc., including the issuance of shares of Nicolet common stock.
- Shareholders also approved an amendment to Nicolet’s Articles of Incorporation to increase the number of authorized common shares from 30,000,000 to 60,000,000.
- As of January 22, 2026, Nicolet received all regulatory approvals for the MidWestOne Merger and expects to complete it on February 13, 2026.
- On January 20, 2026, the Board of Directors approved a $60 million increase to the common stock repurchase authorization, adding to the approximately $19 million remaining as of December 31, 2025.
Jan 26, 2026, 9:16 PM
Nicolet Bankshares, Inc. Announces Record 2025 Earnings and Q4 Results
NIC
Earnings
Dividends
M&A
- Nicolet Bankshares, Inc. reported record net income of $151 million and diluted earnings per share of $9.78 for full year 2025, an increase of 21.5% over 2024.
- For the fourth quarter of 2025, net income was $40 million and diluted earnings per share was $2.65.
- The company achieved a net interest margin of 3.76% for full year 2025, an increase of 29 basis points over 2024, and experienced 7% year-over-year core deposit growth.
- Nicolet expects to close the acquisition of MidWestOne in the first quarter of 2026, pending regulatory and shareholder approvals.
- A quarterly cash dividend of $0.32 per share was declared, payable on March 16, 2026.
Jan 20, 2026, 9:16 PM
Nicolet Bankshares, Inc. Announces Record Full Year 2025 Earnings and Quarterly Dividend
NIC
Earnings
Dividends
M&A
- Nicolet Bankshares, Inc. reported record net income of $151 million and diluted earnings per share of $9.78 for full year 2025, representing a 21.5% increase over 2024.
- For the fourth quarter of 2025, net income was $40 million and diluted earnings per share was $2.65.
- The company achieved a net interest margin of 3.76% for full year 2025, an improvement of 29 basis points over 2024, and reported 7% year-over-year core deposit growth and 3% loan growth.
- Nicolet's Board of Directors declared a quarterly cash dividend of $0.32 per share.
- The acquisition of MidWest One is expected to close in the first quarter of 2026, following regulatory and shareholder approvals.
Jan 20, 2026, 9:15 PM
Adverum Biotechnologies Sale to Eli Lilly Under Investigation
NIC
M&A
Legal Proceedings
Takeover Bid
- Monteverde & Associates PC is investigating the sale of Adverum Biotechnologies, Inc. (NASDAQ:NIC) to Eli Lilly and Company.
- Under the proposed transaction, Adverum shareholders are to receive $3.56 per share in cash plus a non-transferable contingent value right (CVR) for up to an additional $8.91 per CVR upon the achievement of two certain milestones.
- The tender offer for Adverum Biotechnologies, Inc. is set to expire on December 8, 2025.
- The firm is also investigating other mergers/sales involving Cartica Acquisition Corp. (CRTAF), Akero Therapeutics, Inc. (AKRO), and Barinthus Biotherapeutics plc (BRNS).
Nov 10, 2025, 10:30 PM
Nikolay Bancshares Inc. Announces Acquisition of MidwestOne Financial Group
NIC
M&A
New Projects/Investments
Guidance Update
- Nikolay Bancshares Inc. (NIC) announced an agreement to acquire MidwestOne Financial Group in an all-stock transaction valued at approximately $864 million. MidwestOne shareholders will receive 0.3175 shares of Nikolay for each share of MidwestOne.
- The acquisition is projected to be 35% to 40% accretive to fully phased-in EPS and result in negligible dilution to tangible book value per share.
- MidwestOne had $6.2 billion in assets as of September 30, 2025, and adds over $3.4 billion in assets under management. This transaction will enable Nikolay to cross the $10 billion asset threshold.
- The deal is expected to generate approximately $38 million in pretax cost savings, representing about 25% of MidwestOne's core non-interest expenses, with 50% realized in 2026.
- A legal closing is targeted for 2026, followed by systems conversion in summer or early fall 2026. The combined company anticipates an $8.5 million negative impact to interchange income starting in 2027 due to crossing the $10 billion asset threshold.
Oct 24, 2025, 2:00 PM
Nicolet Bankshares Announces Acquisition of MidWestOne Financial Group
NIC
M&A
New Projects/Investments
Guidance Update
- Nicolet Bankshares announced an agreement to acquire MidWestOne Financial Group, which had $6.2 billion in assets and $3.4 billion in assets under management as of September 30, 2025.
- The all-stock transaction values MidWestOne at approximately $864 million, with shareholders receiving 0.3175 shares of Nicolet for each MidWestOne share, implying a per-share purchase price of $41.37.
- The acquisition is projected to be 35% to 40% accretive to fully phased-in EPS and result in only minimal dilution to tangible book value per share with a negligible earn-back period.
- Nicolet expects approximately $38 million in pre-tax cost savings, representing about 25% of MidWestOne's core non-interest expenses, with 50% realized in 2026.
- A legal closing is targeted for the first half of 2026, with systems conversion in the summer or early fall. The combined company anticipates an $8.5 million negative impact on interchange income starting in 2027 due to exceeding the $10 billion asset threshold.
Oct 24, 2025, 2:00 PM
Nicolet Bankshares Announces Acquisition of MidWestOne Financial Group
NIC
M&A
Guidance Update
New Projects/Investments
- Nicolet Bankshares Inc. announced an agreement to acquire MidWestOne Financial Group in an all-stock transaction valued at approximately $864 million, with MidWestOne shareholders receiving 0.3175 shares of Nicolet for each share of MidWestOne. The purchase price represents approximately 166% of tangible book value and 11.5 times MidWestOne's consensus estimated EPS for 2026.
- The acquisition is projected to be 37% accretive to fully phased-in EPS on a pro forma basis for 2026, with only minimal dilution to tangible book value and a negligible earn-back period.
- The deal anticipates approximately $38 million in pre-tax cost savings, representing about 25% of MidWestOne's core non-interest expenses, with 50% of these savings realized in 2026.
- MidWestOne had $6.2 billion in assets as of September 30, 2025. The combined company is forecasted to have a pro forma CET1 ratio of 10.5% and a TCE ratio of 8.4% at closing.
- A negative impact of $8.5 million to interchange income is estimated starting in 2027 due to crossing the $10 billion asset threshold (Durbin impact). The legal closing is targeted for the first half of 2026, with systems conversion in the summer or early fall.
Oct 24, 2025, 2:00 PM
Nicolet Bankshares Announces Acquisition of MidWestOne Financial Group
NIC
M&A
Takeover Bid
- Nicolet Bankshares Inc. is acquiring MidWestOne Financial Group in an all-stock transaction valued at approximately $864 million.
- The merger, expected to close in the first half of 2026, will create a combined entity with $15.3 billion in assets, $13.1 billion in deposits, and $11.3 billion in loans.
- MidWestOne shareholders will receive 0.3175 shares of Nicolet stock for each MidWestOne share, valuing MidWestOne shares at approximately $41.37 per share, and will own about 30% of the combined company.
- The combined bank will nearly double Nicolet's branch count and employee base, resulting in 114 branches and nearly 1,700 employees across Wisconsin, Iowa, Minnesota, Colorado, and Florida, among other areas.
Oct 24, 2025, 1:04 AM
Nicolet Bankshares Reports Q1 2025 Results
NIC
Earnings
Share Buyback
M&A
- Nicolet Bankshares reported net income of $33 million in Q1 2025, compared to $34 million in Q4 2024 and $28 million in Q1 2024.
- The bank delivered solid growth with a $119 million increase in loans and a $62 million rise in core deposits as of March 31, 2025.
- It repurchased 233,207 common shares for $26 million and increased its share buyback authorization by $60 million, emphasizing shareholder value.
- The management highlighted ongoing high-level M&A discussions, reinforcing a disciplined growth strategy despite market volatility.
Apr 15, 2025, 12:00 AM
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