Nicolet Bankshares, Inc. (NIC)

Nicolet Bankshares announced an agreement to acquire MidWestOne Financial Group, which led to a slight dip in its stock price. The company reported a record third quarter for 2025 and repurchased common shares. An investigation was announced to assess the fairness of the MidWestOne merger to Nicolet shareholders.

Nicolet Bankshares experiences demand seasonality in its products and services, particularly in mortgage revenues, which see seasonal growth driven by housing demand in the upper Midwest.

Nicolet Bankshares, Inc. operates within the Financials sector, providing commercial and consumer banking services to businesses, individuals, and nonprofits. It offers deposit accounts, lending solutions, mortgage origination and servicing, treasury management, and wealth management.

Nicolet Bankshares operates branches primarily in Wisconsin, Michigan, and Minnesota. The company is set to expand its geographic footprint through the acquisition of MidWestOne Financial Group, which will extend its operations to Iowa, Eastern Minnesota, Northern Michigan, Denver, Colorado, and Naples, Florida.

Nicolet Bankshares maintains a positive brand reputation with a "Moderate Buy" consensus rating. An AI analyst rated NIC as "Outperform," citing strong financial performance. The company's community-first approach contributes to its success. However, an investigation into the MidWestOne merger's fairness could impact its reputation.

Institutional shareholders own 50.62% of Nicolet Bankshares, insiders hold 16.75%, and retail investors account for 32.63%. Major institutional shareholders include BlackRock, Inc. and Vanguard Group Inc. Brenda L. Johnson is the largest individual shareholder, and CEO Michael Daniels also holds a stake.