Filing Flows › Nicolet Bankshares (NIC) › Q3 2026
Nicolet Bankshares (NIC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Nicolet Bankshares (NIC) reported revenue of $174M for the third quarter 2026 (Q3 2026), +70% from a year earlier and -2% from the quarter before. Operating margin was 46.5%, net earnings $63.7M (36.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $174M | -2% | +70% |
| Operating profit | $81.2M | +12% | +57% |
| Net earnings | $63.7M | +12% | +53% |
| Operating cash flow | $72.7M | -22% | +59% |
| Free cash flow | $67.1M | -25% | +46% |
What changed
Revenue was $174.4M in Q3 2026, up 70% year over year and down 2% from the previous quarter. Net interest income was the largest line at 82% of revenue. Net interest income added $63.0M year over year (up 79%), 88% of the total change.
Operating profit was $81.2M, a 46.5% margin (down 3.9 points year over year). Of the extra revenue versus a year earlier, 41% reached operating profit, below the 50% margin then. Total costs grew 83% against revenue growth of 70%. The fastest-growing cost line was Other operating costs (+105%). Net earnings were $63.7M, up 53% year over year. The effective tax rate was 21.5%.
Operating cash flow was $72.7M (up 59% year over year), 114% of net earnings. Non-cash charges added back $1.3M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $5.0M. Capital expenditures of $5.7M left free cash flow of $67.1M.
Questions
What was Nicolet Bankshares' revenue in the third quarter 2026?
Nicolet Bankshares (NIC) reported revenue of $174M for the third quarter 2026 (Q3 2026), +70% from a year earlier and -2% from the quarter before.
Was Nicolet Bankshares profitable in the third quarter 2026?
Operating profit was $81.2M (46.5% of revenue) and net earnings $63.7M.
Source: Nicolet Bankshares 10-Q on SEC EDGAR.