NIC at a glance
NICOLET BANKSHARES INC (NIC, SEC CIK 1174850) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on July 21, 2026 and Form 4 insider filings as recently as August 17, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), NICOLET BANKSHARES INC (NIC) reported revenue of $470.9 million (up 7.4% from FY2024) and net income of $150.7 million. Diluted EPS was $9.78.
- As of June 30, 2026, 29 institutional investment managers tracked by SignalX reported holding NICOLET BANKSHARES INC (NIC) shares worth $1.4 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Witczak Eric James on July 28, 2026 of 342 shares at $171.96 per share.
- In the last 90 days, NIC insiders reported 0 open-market purchases ($0) and 3 open-market sales ($716K) on Form 4, a net sale of $716K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $470.9M
- +7.4% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$716K
- 13F holders
- 29 funds
- $1.4B · +0 vs prior quarter
- Latest 8-K
- Jul 21, 2026
- Item 2.02 · Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Community banking with lending and deposit services
- Emphasis on expanded share repurchase program, $76.6M repurchased in 2025 vs $10.1M prior year
- Strategic capital management focusing on stock repurchases, organic growth, acquisitions, and dividends
- Total risk-based capital increased to $1.11B with total capital ratio improving to 14.8% from 14.3%
- Board approved $60M increase to common stock repurchase authorization in January 2026
Risk Factors
- Regulatory risk from banking and securities laws, ongoing compliance costs with U.S. banking, deposit, insurance, and securities regulations
- Geographic concentration risk with 77% of loans commercial-related, focused in Wisconsin, Michigan, Minnesota markets
- Credit risk from small to medium-sized business borrowers in core industries like manufacturing and agriculture, vulnerable to economic downturns
- Public health disruption risk including COVID-19-like pandemics causing economic, transactional, and operational instability in hospitality and restaurant clients
- Allowance for credit loss (ACL) adequacy risk; regulatory agencies may require increases impacting net income and capital levels
Management Discussion & Analysis
- Revenue $392M total net interest ($306M) + noninterest income ($86M), net interest income up 14% YoY (+$38M) from $268M in 2024
- Operating margin (net interest margin) 3.76% in 2025 vs 3.47% in 2024, return on average assets 1.68% vs 1.45%, return on common equity 12.58% vs 11.27%
- Best segment: Net interest income growth driven by loans $6.8B (+3%) and deposits $7.7B (+4%); worst segment: loan provision up modestly to $4.3M from $3.9M
- Cash flow/capital: repurchased 646,000 shares; increased dividend by 14%; total assets grew $388M (4%) to $9.2B; stockholders’ equity up $85M to $1.3B
- Forward outlook: focus on integrating MidWest One acquisition doubling branches; 2026 results may show merger accounting noise but core profitability expected to remain top quartile
AI summary of the NIC 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Quarterly net interest income $141.5M vs $75.1M YoY, up $66.4M
- Net interest margin 4.14% vs 3.72% YoY
- Loans $10.8B vs $6.8B YoY, driven by MidWest One acquisition
- Deposits $12.5B vs $7.5B YoY; assets $15.4B vs $8.9B
- Nonperforming assets $75M, or 0.49% of assets, vs $32M and 0.35% at December 31, 2025
AI summary of the NIC 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Earnings announcement covers the quarter ended June 30, 2026
- Press release issued July 21, 2026
Item 7.01: Regulation FD Disclosure
- Quarterly cash dividend declared at $0.36 per common share
- Payable September 15, 2026, to shareholders of record September 1, 2026
Item EX-99.1: Item EX-99.1
- Q2 2026 net income $57M, EPS $2.62, versus $15M and $0.81 in Q1
- Core EPS $2.99 and core ROAA 1.69%, indicating stronger underlying performance after merger-related items
Item 5.07: Submission of Matters to a Vote of Security Holders
- All 12 director nominees elected, with Glen E. Tellock receiving the strongest support at 14,910,311 votes
- Forvis Mazars ratified as independent auditor for fiscal year ending December 31, 2026, with 16,862,884 votes
Item 2.02: Results of Operations and Financial Condition
- Q1 2026 earnings announced for quarter ended March 31, 2026
- Press release furnished as Exhibit 99.1, containing Nicolet’s financial results and management commentary
Item 7.01: Regulation FD Disclosure
- Quarterly cash dividend declared at $0.36 per common share
- Payment scheduled for June 15, 2026, to shareholders of record June 1, 2026
Item EX-99.1: Item EX-99.1
- MidWestOne acquisition added $6.1B assets, $4.4B loans, $5.3B deposits and approximately $0.5B goodwill, materially transforming Nicolet’s scale
- GAAP net income $15M and diluted EPS $0.81, versus $40M and $2.65 in Q4, primarily reflecting $40.7M merger-related expense
AI summaries of NIC 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for NIC
Don't miss the next NIC filing
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- Fund moves. Which tracked funds opened, added or cut NIC, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| LONG DONALD J JR | G | Aug 13, 2026 | 150 | - |
| Witczak Eric James | Sell | Jul 28, 2026 | 342 | $171.96 |
| Witczak Eric James | Sell | Jul 27, 2026 | 1,215 | $167.89 |
| ATWELL ROBERT BRUCE | Sell | Jul 24, 2026 | 2,662 | $170.24 |
| ATWELL ROBERT BRUCE | M | Jul 24, 2026 | 7,500 | - |
| ATWELL ROBERT BRUCE | F | Jul 24, 2026 | 4,838 | $170.85 |
| ATWELL ROBERT BRUCE | M | Jul 24, 2026 | 7,500 | $56.43 |
| MOORE HUBERT PHILLIP JR | F | Jun 8, 2026 | 940 | $144.06 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $382.9M | $438.4M | $470.9M |
| Net Income | $61.5M | $124.1M | $150.7M |
| Net Margin | 16.1% | 28.3% | 32.0% |
| Balance Sheet | |||
| Total Assets | $8.5B | $8.8B | $9.2B |
| Equity | $1.0B | $1.2B | $1.3B |
| ROE | 5.9% | 10.6% | 12.0% |
| Per Share | |||
| EPS | $4.08 | $8.05 | $9.78 |
| Cash Flow | |||
| Operating CF | - | $133.7M | $153.5M |
| CapEx | $18.6M | $16.9M | $4.1M |
Source: XBRL data in NICOLET BANKSHARES INC (NIC)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate NIC share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 29 | $1.37B |
| Q1 2026 | 29 | $886.9M |
| Q4 2025 | 27 | $593.3M |
| Q3 2025 | 25 | $581.8M |
| Q2 2025 | 27 | $552.9M |
| Q1 2025 | 22 | $394.6M |
| Q4 2024 | 19 | $276.1M |
| Q3 2024 | 15 | $123.1M |
- BlackRock+1.40M (+86%)
- State Street Corp+463.2K (+65%)
- Vanguard Portfolio Management LLC+211.4K (+144%)
- Goldman Sachs Group+113.1K (+40%)
- Principal Financial Group+96.4K (+344%)
- D.E. Shaw & Co−62.9K (-87%)
- Prudential Financial−53.1K (-59%)
- FMR LLC (Fidelity)−36.2K (-75%)
- WESTWOOD HOLDINGS GROUP INC−36.1K (-7%)
- JPMorgan Chase & Co−32.3K (-41%)
- Two Sigma Investments+11.1K
- Citadel Advisors LLC−15.3K
Source: 13F-HR filings on SEC EDGAR (aggregated from 193 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
NIC filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Aug 17, 2026 | - | - | - |
| 13F-HR | Aug 11, 2026 | Jun 30, 2026 | - | |
| SC 13G | Aug 7, 2026 | - | - | |
| 10-Q | Jul 31, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jul 29, 2026 | - | - | - |
| 4 | Jul 28, 2026 | - | - | - |
| 8-K | Jul 21, 2026 | - | Analysis | - |
| 4 | Jun 10, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 8-K | May 18, 2026 | - | Analysis |
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NIC SEC filings: frequently asked questions
Are NIC insiders buying or selling?
In the last 90 days, NICOLET BANKSHARES INC (NIC) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $715,976 by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold NIC stock?
As of June 30, 2026, the largest NICOLET BANKSHARES INC (NIC) holders among the 13F filers tracked by SignalX were BlackRock ($500.7 million), State Street Corp ($194.2 million), Dimensional Fund Advisors ($136.3 million), Vanguard Capital Management LLC ($135.3 million), WESTWOOD HOLDINGS GROUP INC ($74.5 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was NIC's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), NICOLET BANKSHARES INC (NIC) reported revenue of $470.9 million (up 7.4% from FY2024) and net income of $150.7 million. Diluted EPS was $9.78. The figures come from the XBRL data in the 10-K.
What are the main risks in NIC's latest 10-K?
In the 10-K filed February 27, 2026, NICOLET BANKSHARES INC (NIC) flagged: Regulatory risk from banking and securities laws, ongoing compliance costs with U.S. banking, deposit, insurance, and securities regulations. Geographic concentration risk with 77% of loans commercial-related, focused in Wisconsin, Michigan, Minnesota markets. (AI summary of the Risk Factors section.)
What did NIC report in its latest 8-K?
NICOLET BANKSHARES INC (NIC) filed an 8-K on July 21, 2026 reporting Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure). Earnings announcement covers the quarter ended June 30, 2026.
What are the latest NIC SEC filings?
NICOLET BANKSHARES INC (NIC) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on July 21, 2026 and a Form 4 insider filing on August 17, 2026.
What is NIC's SEC CIK number?
NICOLET BANKSHARES INC (NIC)'s SEC Central Index Key (CIK) is 1174850. EDGAR lists every NIC filing under that number.
Ask anything about NIC
The research agent reads NIC's filings, financials, insider trades and 13F holders, then answers with sources.