Filing Flows › Nicolet Bankshares (NIC) › Q3 2026 › vs Q3 2025
Nicolet Bankshares (NIC) Q3 2026 vs Q3 2025 (year over year)
Nicolet Bankshares's revenue rose $71.5M (+70%) from $103M in Q3 2025 to $174M in Q3 2026. The biggest changes: Net interest income +$63.0M (+79%); Noninterest income +$8.6M (+36%). Operating margin 46.5% against 50.4% (-3.9 pts).
Nicolet Bankshares, Q3 2026: revenue $174M (+70% year over year), operating margin 46.5%, net earnings $63.7M, operating cash flow $72.7M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 46.5% | 50.4% | -3.9 pts |
| Net margin | 36.5% | 40.6% | -4.0 pts |
| Free cash flow margin | 38.4% | 44.6% | -6.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Net interest income | $142M | $79.3M | $63.0M | +79% |
| Noninterest income | $32.2M | $23.6M | $8.6M | +36% |
| Revenue | $174M | $103M | $71.5M | +70% |
| Operating profit | $81.2M | $51.8M | $29.3M | +57% |
| Costs & expenses | $93.2M | $51.0M | $42.2M | +83% |
| Pre-tax earnings | $81.2M | $51.8M | $29.3M | +57% |
| Noninterest expense | $91.3M | $50.1M | $41.2M | +82% |
| Other operating costs | $1.9M | $950K | $1.0M | +105% |
| Net earnings | $63.7M | $41.7M | $22.0M | +53% |
| Income tax | $17.5M | $10.1M | $7.3M | +73% |
| Depreciation & amortization | $1.3M | $3.6M | −$2.3M | -64% |
| Share-based compensation | $2.7M | $1.7M | $969K | +57% |
| Working capital & other | $5.0M | −$1.2M | $6.2M | — |
| Operating cash flow | $72.7M | $45.9M | $26.9M | +59% |
| Free cash flow (OCF − capex) | $67.1M | $45.9M | $21.2M | +46% |
| Capital expenditures | $5.7M | −$4K | $5.7M | — |
Questions
How much did Nicolet Bankshares's revenue grow year over year in Q3 2026?
Nicolet Bankshares's revenue rose $71.5M (+70%) from $103M in Q3 2025 to $174M in Q3 2026.
What drove Nicolet Bankshares's revenue change in Q3 2026?
Net interest income +$63.0M (+79%); Noninterest income +$8.6M (+36%).