How much did Nicolet pay per share on average in Q2 2026?

Nicolet repurchased 267,310 shares for approximately $40 million in Q2 2026, resulting in an average price of roughly $150 per share. This represents the blended cost of all open-market purchases executed during the quarter.

What authorization did the board grant alongside the Q2 execution?

The board authorized an additional $150 million for share repurchases, announced on July 21, 2026 (the earnings release date). The filing does not specify an expiration date for this authorization.

How does the Q2 buyback fit into Nicolet's broader capital strategy?

The company balances buybacks with a quarterly dividend ($0.36 per share) and organic growth investment, while integrating the MidWest One acquisition. Management expects margin expansion and cost savings from the integration to support continued capital returns and restore historical profitability levels by late 2026.

Did the MidWest One merger affect the share count?

Yes. The merger closed February 13, 2026, and diluted weighted-average shares increased from 15.2 million in Q2 2025 to 21.7 million in Q2 2026, reflecting merger-related equity issuance. The $40 million Q2 buyback partially offset that dilution by retiring 267,310 shares.

What was the company's financial performance in the period when repurchases occurred?

Q2 2026 showed strong results: net income of $57 million (core: $65 million), diluted EPS of $2.62 (core: $2.99), and core return on tangible common equity of 21.59%. Net interest margin expanded to 4.14% from 3.98% in Q1, supported by full-quarter MidWest One integration and loan purchase accounting accretion.

Why did Nicolet authorize additional repurchases while integrating MidWest One?

Management cited solid asset quality, improved loan and deposit portfolio composition, and strong margin trends as justification. The board viewed the $150 million authorization as appropriate given the company's capital position and confidence that integration cost savings and organic growth would support continued profitability and shareholder returns.

NIC 8-K Filed 2026-07-21 Execution disclosure

Nicolet Bankshares repurchased 267K shares for $40M in Q2 2026, authorizes $150M additional

Second-quarter execution under ongoing board program; company signals continued capital return as MidWest One integration progresses.

Shares repurchased267K

Avg price paid$150.00

MechanismRule 10b-18 open-market purcha

What the filing says

Nicolet Bankshares, Inc. repurchased 267,310 common shares for approximately $40 million during the second quarter of 2026, representing an average price of roughly $150 per share. The company simultaneously announced a new authorization for $150 million in additional repurchases, signaling the board's confidence in capital allocation and the company's financial position.

The repurchases occurred during a period of strong operational performance. Nicolet reported net income of $57 million for Q2 2026, compared to $15 million in Q1 2026, with diluted earnings per share of $2.62. Core earnings remained robust at $65 million ($2.99 per diluted share). The company noted that tangible book value increased during the quarter despite the share buybacks and a quarterly dividend payment of $0.36 per share.

The timing of the buyback authorization reflects management's disciplined approach to capital management as the company integrates MidWest One Financial Group, acquired on February 13, 2026, which added $6.1 billion in assets. Management indicated that completing the core conversion and realizing planned cost savings would further strengthen the company's profitability position.

Nicolet's Q2 repurchase of 267,310 shares reduced the diluted weighted-average share count to 21.7 million from 18.7 million in Q1 (the increase reflects the MidWest One merger impact). The $150 million new authorization demonstrates the board's intent to continue returning capital despite integration headwinds. At Q2 year-end market capitalization implied by these metrics, this authorization represents modest relative to the company's scale. The buyback underscores management confidence that core profitability recovery post-integration—and continued margin expansion from deposit mix optimization—will support sustained capital returns alongside the quarterly dividend.

Repurchased 267,310 common shares for $40 million during second quarter 2026, and authorized $150 million in additional repurchases — NICOLET BANKSHARES INC 8-K filing · View on SEC EDGAR →

What this means

Frequently asked questions

How much did Nicolet pay per share on average in Q2 2026?: Nicolet repurchased 267,310 shares for approximately $40 million in Q2 2026, resulting in an average price of roughly $150 per share. This represents the blended cost of all open-market purchases executed during the quarter.
What authorization did the board grant alongside the Q2 execution?: The board authorized an additional $150 million for share repurchases, announced on July 21, 2026 (the earnings release date). The filing does not specify an expiration date for this authorization.
How does the Q2 buyback fit into Nicolet's broader capital strategy?: The company balances buybacks with a quarterly dividend ($0.36 per share) and organic growth investment, while integrating the MidWest One acquisition. Management expects margin expansion and cost savings from the integration to support continued capital returns and restore historical profitability levels by late 2026.
Did the MidWest One merger affect the share count?: Yes. The merger closed February 13, 2026, and diluted weighted-average shares increased from 15.2 million in Q2 2025 to 21.7 million in Q2 2026, reflecting merger-related equity issuance. The $40 million Q2 buyback partially offset that dilution by retiring 267,310 shares.
What was the company's financial performance in the period when repurchases occurred?: Q2 2026 showed strong results: net income of $57 million (core: $65 million), diluted EPS of $2.62 (core: $2.99), and core return on tangible common equity of 21.59%. Net interest margin expanded to 4.14% from 3.98% in Q1, supported by full-quarter MidWest One integration and loan purchase accounting accretion.
Why did Nicolet authorize additional repurchases while integrating MidWest One?: Management cited solid asset quality, improved loan and deposit portfolio composition, and strong margin trends as justification. The board viewed the $150 million authorization as appropriate given the company's capital position and confidence that integration cost savings and organic growth would support continued profitability and shareholder returns.

execution authorization regional-bank capital-return rule-10b-18 post-merger-integration

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.