---
schema_version: "secwatch.filing_event.v1"
accession: "0001174850-21-000075"
form_type: "8-K"
ticker: "NIC"
cik: "0001174850"
company_name: "NICOLET BANKSHARES INC"
filed_at: "2021-10-19T23:59:59+00:00"
generated_at: "2026-06-28T19:52:38.386475+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nicolet Q3 net income falls to $7.8M on Mackinac acquisition costs; County Bancorp merger to close Dec 3

## Summary
- Q3 2021 net income of $7.8M ($0.73 diluted EPS) vs $18.3M ($1.77) in Q2 2021, impacted by Mackinac acquisition integration costs.
- Mackinac acquisition closed Sep 3: added $1.5B assets, total purchase price $229M (2.3M shares + $49M cash).
- County Bancorp merger received all regulatory and shareholder approvals; expected to close Dec 3, 2021.
- Net interest margin declined 51bps to 2.94%; share repurchases of 233,594 shares for $17.1M during quarter.
- Nonperforming assets increased to $21M (0.33% of assets) from $10M due to Mackinac; credit metrics remain strong.

## SEC filing metadata
- accession: 0001174850-21-000075
- form_type: 8-K
- ticker: NIC
- cik: 0001174850
- company_name: NICOLET BANKSHARES INC
- filed_at: 2021-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1174850/000117485021000075/0001174850-21-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1174850/000117485021000075/ncbs-20211019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174850-21-000075
- JSON: https://secwatch.observer/filing/0001174850-21-000075.json
- Plain text: https://secwatch.observer/filing/0001174850-21-000075.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.