Nicolet Bankshares IncNIC
What Nicolet Bankshares Inc does.
Nicolet Bankshares, Inc. (individually referred to herein as the “Parent Company” and together with all its subsidiaries collectively referred to herein as “Nicolet,” the “Company,” “we,” “us” or “our”) is a registered bank and financial holding company under the Bank Holding Company Act of 1956, as amended (the “Bank Holding Company Act”), and under the bank holding company laws of the State of Wisconsin. At December 31, 2025, Nicolet had total assets of $9.2 billion, loans of $6.8 billion, deposits of $7.7 billion and total stockholders’ equity of $1.3 billion. For the year ended December 31, 2025, Nicolet earned record net income of $151 million, or $9.78 per diluted common share.
Nicolet was founded upon five core values (Be Real, Be Responsive, Be Personal, Be Memorable, and Be Entrepreneurial) which are embodied within each of our employees and create a distinct competitive positioning in the markets within which we operate. Our mission is to be the lead community bank within the communities we serve, while our vision is to optimize the long-term return to our customers and communities, employees and shareholders (the “3 Circles”).
On February 13, 2026, we completed the merger with MidWest One Financial Group, Inc. (“MidWest One ”) a bank and financial holding company under the Bank Holding Company Act, and its wholly owned subsidiary, MidWest One Bank, an Iowa state non-member bank headquartered in Iowa City, Iowa. MidWest One Bank offered a full range of financial services focusing on the needs of individuals, business, governmental units and institutional customers across its footprint in central and eastern Iowa, the Minneapolis/St. Paul metropolitan area, southwestern Wisconsin, and Denver, Colorado. At December 31, 2025, MidWest One had total assets of approximately $6 billion, including total loans of approximately $5 billion, and total deposits of approximately $5 billion.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $192.0M | $225.3M | $297.9M | $277.5M | $350.3M | $392.0M |
| Net income | $60.1M | $60.7M | $94.3M | $61.5M | $124.1M | $150.7M |
| Free cash flow | $68.1M | $84.9M | $105.2M | $89.4M | $116.8M | $149.4M |
More on NIC.
- Nicolet Bankshares Inc summary
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- Nicolet Bankshares Inc earnings
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- Nicolet Bankshares Inc valuation
- Nicolet Bankshares Inc ownership and insiders
- Nicolet Bankshares Inc peers
Figures from Nicolet Bankshares Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.