---
schema_version: "secwatch.filing_event.v1"
accession: "0001174850-23-000035"
form_type: "8-K"
ticker: "NIC"
cik: "0001174850"
company_name: "NICOLET BANKSHARES INC"
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T13:30:21.244934+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nicolet Q3 net income $17M ($1.14 EPS); Wisconsin tax change lowers future rate to 19.5%

## Summary
- Net income $17M ($1.14 diluted EPS) vs $23M ($1.51) in Q2; adjusted net income $23M (non-core items -$0.40/share).
- NIM improved 2 bps to 3.16%; net interest income $61M, up $2M sequentially on loan repricing and investable cash.
- Wisconsin tax law change: one-time $9.1M charge in Q3, but ongoing state exemption reduces future effective tax rate from 25% to 19.5%.
- Subsequent event: Sold UFS membership interest for $10M, pre-tax gain ~$9M to be recognized in Q4 2023.
- Wealth assets under management up 24% from year-end 2022; asset quality stable (NPAs 0.37%, ACL 1.01%).

## SEC filing metadata
- accession: 0001174850-23-000035
- form_type: 8-K
- ticker: NIC
- cik: 0001174850
- company_name: NICOLET BANKSHARES INC
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1174850/000117485023000035/0001174850-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1174850/000117485023000035/nic-20231024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174850-23-000035
- JSON: https://secwatch.observer/filing/0001174850-23-000035.json
- Plain text: https://secwatch.observer/filing/0001174850-23-000035.txt

## Key facts
- Earnings Releases
  NICOLET BANKSHARES INC reported third quarter 2023 results: net income net income of $17 million, EPS earnings per diluted common share of $1.14.
  - Period: third quarter 2023
  - Net income: net income of $17 million
  - EPS: earnings per diluted common share of $1.14
  - Result: reported results
  source text: Nicolet Bankshares, Inc. (NYSE: NIC) ("Nicolet") announced third quarter 2023 net income of $17 million and earnings per diluted common share of $1.14, compared to net income of $23 million and earnings per diluted common share of $1.51 for second quarter 2023, and net income of $19 million and earnings per diluted common share of $1.29 for third quarter 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1174850/000117485023000035/0001174850-23-000035-index.htm
- Earnings Releases
  NICOLET BANKSHARES INC reported nine months ended September 30, 2023 results: net income Net income for the nine months ended September 30, 2023 was $31 million, EPS earnings per diluted common share of $2.05.
  - Period: nine months ended September 30, 2023
  - Net income: Net income for the nine months ended September 30, 2023 was $31 million
  - EPS: earnings per diluted common share of $2.05
  - Result: reported results
  source text: Net income for the nine months ended September 30, 2023 was $31 million and earnings per diluted common share of $2.05, compared to net income of $67 million and earnings per diluted common share of $4.72 for the nine months ended September 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1174850/000117485023000035/0001174850-23-000035-index.htm

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