---
schema_version: "secwatch.filing_event.v1"
accession: "0001174850-23-000027"
form_type: "8-K"
ticker: "NIC"
cik: "0001174850"
company_name: "NICOLET BANKSHARES INC"
filed_at: "2023-07-18T23:59:59+00:00"
generated_at: "2026-06-13T06:51:06.735546+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nicolet Bankshares Q2 net income $23M, EPS $1.51, NIM expands to 3.14%

## Summary
- Net income of $23M ($1.51 diluted EPS) vs net loss $9M in Q1 2023; down from $24M in Q2 2022.
- Net interest margin 3.14%, up 23 bps from Q1; net interest income $59M.
- Nonperforming assets fell to 0.32% of total assets from 0.50% after nonaccrual loan sale.
- First quarterly cash dividend of $0.25 per share paid in Q2.
- Q1 loss driven by sale of $500M Treasury securities for $38M pre-tax loss as part of balance sheet repositioning.

## SEC filing metadata
- accession: 0001174850-23-000027
- form_type: 8-K
- ticker: NIC
- cik: 0001174850
- company_name: NICOLET BANKSHARES INC
- filed_at: 2023-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1174850/000117485023000027/0001174850-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1174850/000117485023000027/nic-20230718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174850-23-000027
- JSON: https://secwatch.observer/filing/0001174850-23-000027.json
- Plain text: https://secwatch.observer/filing/0001174850-23-000027.txt

## Key facts
- Earnings Releases
  NICOLET BANKSHARES INC reported second quarter 2023 results: net income net income of $23 million, EPS earnings per diluted common share of $1.51.
  - Period: second quarter 2023
  - Net income: net income of $23 million
  - EPS: earnings per diluted common share of $1.51
  - Result: reported results
  source text: Nicolet Bankshares, Inc. (NYSE: NIC) ("Nicolet") announced second quarter 2023 net income of $23 million and earnings per diluted common share of $1.51
  evidence_url: https://www.sec.gov/Archives/edgar/data/1174850/000117485023000027/0001174850-23-000027-index.htm
- Earnings Releases
  NICOLET BANKSHARES INC reported six months ended June 30, 2023 results: net income Net income ... was $14 million, EPS earnings per diluted common share of $0.91.
  - Period: six months ended June 30, 2023
  - Net income: Net income ... was $14 million
  - EPS: earnings per diluted common share of $0.91
  - Result: reported results
  source text: Net income for the six months ended June 30, 2023 was $14 million and earnings per diluted common share of $0.91
  evidence_url: https://www.sec.gov/Archives/edgar/data/1174850/000117485023000027/0001174850-23-000027-index.htm

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