Nicolet Bankshares Q2 2026: Core EPS $2.99, NIM Expands to 4.14%, $40M Buyback
NIC sits 47% above its 52-week low of $114.115.
Summary
Nicolet Bankshares reported Q2 2026 net income of $57 million ($2.62 diluted EPS), with core EPS of $2.99. Net interest margin rose to 4.14%, and the company repurchased $40 million in shares while authorizing $150 million more.
Key Events · Earnings and Guidance · NIC
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Q2 2026 Earnings Beat
Net income jumped to $57 million ($2.62 diluted EPS) from $15 million ($0.81) in Q1 2026. Core diluted EPS rose to $2.99, up from $2.75 in Q1, driven by a full quarter of MidWest One contribution and lower merger costs.
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Net Interest Margin Expansion
The net interest margin widened to 4.14% from 3.98% in Q1 2026, aided by loan purchase accounting accretion (23 bps) and lower core deposit funding costs.
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Aggressive Share Repurchases
During Q2 2026, 267,310 shares were repurchased for $40 million, and the board authorized an additional $150 million in repurchases, reflecting strong capital generation and management confidence.
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Quarterly Dividend Declared
A quarterly cash dividend of $0.36 per share was declared, payable September 15, 2026 to shareholders of record as of September 1, 2026.
Analysis · NIC · Finance
A sharp rebound in core earnings highlighted Nicolet's second quarter, as net income surged to $57 million, or $2.62 per diluted share, from a merger-distorted $15 million ($0.81) in Q1. Stripping out merger-related costs, core diluted EPS reached $2.99, up from $2.75 in the prior quarter. The net interest margin expanded to 4.14%, helped by a full quarter of MidWest One loan accretion and lower deposit costs. Confidence in the bank's valuation was underscored by $40 million in share repurchases and an additional $150 million buyback authorization. The pending sale of the Denver branches will further streamline the post-merger balance sheet. With the MidWest One integration on track and cost savings ahead, Nicolet is positioned to restore its historically high profitability levels.
At the time of this filing, NIC was trading at $167.91 on NYSE in the Finance sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $114.12 to $173.48. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.