Nicolet Bankshares, Inc. (NIC) SEC Filings & Earnings Calls

Nonperforming assets increased slightly to 0.52% of total assets from 0.49%.

“Nonperforming assets were $78 million and represented 0.52% of total assets at September 30, 2026, compared to $75 million (0.49% of total assets) at June 30, 2026.” · word for word

Credit quality deterioration

“Nonaccrual loans increased from $31,679 thousand (Dec 31, 2025) to $71,545 thousand (June 30, 2026).”

Regulatory capital impact

“Trust preferred securities ceased to qualify as Tier 1 capital during first quarter 2026 due to Nicolet exceeding $15 billion in total consolidated assets.” · word for word

Integration risk from MidWest One acquisition; conversion planned later in summer 2026.

“As we complete our conversion later this summer and begin fully realizing our planned cost savings” · word for word

Deposit outflow of $101M QoQ, though largely brokered deposits; core deposits stable.

“Total deposits of $12.5 billion at June 30, 2026, decreased $101 million from March 31, 2026, including a $100 million decrease in brokered deposits and a $1 million decrease in core deposits.” · word for word

Credit quality deterioration

“Nonaccrual loans $73,494; Collateral dependent loans $57,890”

Provision for credit losses spike

“Provision for credit losses on: Loans $1,350; Unfunded commitments $4,700; Total $6,050”

Merger-related expenses significantly impacted GAAP earnings; nonperforming assets increased due to acquisition

“Net income included certain non-core items, mostly merger-related expenses, that negatively impacted earnings per diluted common share $1.94; nonperforming assets were $79 million (0.51% of total assets) vs $32 million (0.35%) at year-end 2025”

Integration risk from large acquisition

“The MidWest One merger is easily the largest Nicolet has completed in its 25 year history.” · word for word

Durbin amendment revenue impact

“it would mean our interchange income would be reduced by more than $5 million simply because we crossed this asset threshold.” · word for word

Integration risk; seven directors ceased; system conversion pending.

“Seven directors ceased; system conversion planned for August 2026.”

Nonperforming assets increased slightly to 0.35% of total assets from 0.31% in prior quarter.

“Nonperforming assets were $32 million and represented 0.35% of total assets at December 31, 2025, compared to 0.31% at September 30, 2025.” · word for word

Minor error in proxy disclosure corrected; no material risk.

“Error in golden parachute compensation table total column; corrected amounts provided.”

Merger integration risk

“On October 23, 2025, Nicolet announced that it had entered into a definitive merger agreement with MidWest One Financial Group, Inc. ... The merger is expected to close in the first half of 2026, subject to customary closing conditions, including approval by regulators and stockholders of both Nicolet and MidWest One.” · word for word

Credit loss provision increase

“The provision for credit losses was $3.5 million for the nine months ended September 30, 2025, compared to $2.9 million for the nine months ended September 30, 2024, with the increase for both periods attributable to growth and changes in the underlying loan portfolio.” · word for word