Nicolet Bankshares

Q2 FY2026 EarningsQ2 FY26 core results beat consensus, while GAAP figures missed due to one-time merger and debt charges. Total revenue of $177.8M significantly exceeded the $140.2M expectation (+26.75%), driven by the MidWestOne acquisition. Normalized EPS of $2.99 beat the $2.91 estimate, supported by a superior Net Interest Margin (NIM) of 4.14% vs. the 4.06% consensus. GAAP EPS of $2.62 missed the $2.67 consensus due to $7.4M in merger costs and a $5.4M debt extinguishment loss.