NICNYSENational Commercial BanksFiscal year ends December 31
NICOLET BANKSHARES INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$162.58−1.22 (-0.74%)
Close on Oct 19, 2026
- Market cap
- $3.53B
- P/E (TTM)
- 18.5
- Dividend yield
- 0.76%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
62.8%
13M of 21M shares
Institutional holders
253
51 new, 33 sold out
Net institutional buying
2M
In Q2 2026
Insider trades, 12 months
6 buys · 10 sales
Net sold $2.32M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 2,771,625 | 13.00% | 13G (passive) amendment | Jun 30, 2026 |
| State Street Corporation | 1,174,566 | 5.50% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NIC | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 3,027,246 | 14.44% | $500.68M | +1,402,419 | 0.01% |
| State Street Corp | 1,174,560 | 5.60% | $194.24M | +463,199 | 0.01% |
| Dimensional Fund Advisors LP | 823,902 | 3.93% | $136.26M | +4,628 | 0.02% |
| Vanguard Capital Management LLC | 818,051 | 3.90% | $135.30M | −1,759 | 0.00% |
| Geode Capital Management, LLC | 504,741 | 2.41% | $83.50M | +47,764 | 0.00% |
| Westwood Holdings Group Inc | 450,659 | 2.15% | $74.53M | −36,092 | 0.56% |
| Goldman Sachs Group Inc | 392,808 | 1.87% | $64.97M | +113,124 | 0.01% |
| American Century Companies Inc | 361,263 | 1.72% | $59.75M | +36,645 | 0.03% |
| Vanguard Portfolio Management LLC | 358,093 | 1.71% | $59.23M | +211,407 | 0.00% |
| Boston Partners | 311,319 | 1.49% | $51.46M | +5,883 | 0.05% |
| Alliancebernstein L.P. | 307,207 | 1.47% | $45.66M | +52,017 | 0.02% |
| FJ Capital Management LLC | 277,243 | 1.32% | $45.85M | −29,138 | 5.95% |
| Northern Trust Corp | 240,562 | 1.15% | $39.79M | +36,995 | 0.00% |
| Invesco Ltd. | 215,666 | 1.03% | $35.67M | +11,655 | 0.00% |
| Silvercrest Asset Management Group LLC | 198,353 | 0.95% | $32.81M | −13,099 | 0.21% |
| Manufacturers Life Insurance Company, The | 186,808 | 0.89% | $30.90M | −17,428 | 0.02% |
| Charles Schwab Investment Management Inc | 176,441 | 0.84% | $29.18M | +18,689 | 0.00% |
| Jennison Associates LLC | 172,925 | 0.83% | $28.60M | −41,002 | 0.02% |
| Morgan Stanley | 159,708 | 0.76% | $26.41M | +79,877 | 0.00% |
| First Trust Advisors LP | 144,116 | 0.69% | $23.84M | −118,008 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 253 | 13M | 62.8% | 51 / 82 | 82 / 33 | 3M | 1M |
| Q1 2026 | 239 | 11M | 53.5% | 74 / 103 | 42 / 28 | 6M | 2M |
| Q4 2025 | 196 | 8M | 39.0% | 36 / 69 | 61 / 15 | 1M | 0M |
| Q3 2025 | 180 | 7M | 35.2% | 30 / 57 | 58 / 12 | 0M | 1M |
| Q2 2025 | 163 | 8M | 36.0% | 22 / 51 | 59 / 16 | 0M | 1M |
| Q1 2025 | 157 | 8M | 36.3% | 23 / 44 | 54 / 16 | 1M | 0M |
| Q4 2024 | 151 | 7M | 34.4% | 22 / 72 | 28 / 10 | 0M | 0M |
| Q3 2024 | 140 | 7M | 33.3% | 30 / 39 | 39 / 9 | 1M | 0M |
| Q2 2024 | 120 | 7M | 32.4% | 9 / 39 | 44 / 10 | 0M | 0M |
| Q1 2024 | 123 | 7M | 32.6% | 12 / 43 | 40 / 7 | 1M | 0M |
| Q4 2023 | 118 | 6M | 31.0% | 10 / 42 | 38 / 6 | 0M | 0M |
| Q3 2023 | 115 | 6M | 30.0% | 8 / 44 | 37 / 4 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NIC | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 1,176,165 | 5.61% | $194.53M | 0.17% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 575,131 | 2.74% | $95.12M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 507,739 | 2.42% | $83.97M | 0.10% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Regional Banking ETF | 265,784 | 1.27% | $43.96M | 0.93% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 224,446 | 1.07% | $37.12M | 0.04% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 218,287 | 1.04% | $37.31M | 0.11% | Jul 31, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 179,977 | 0.86% | $29.77M | 0.18% | Jun 30, 2026 |
| Small Cap Value Fund | 170,000 | 0.81% | $28.12M | 0.93% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 126,992 | 0.61% | $21.00M | 0.14% | Jun 30, 2026 |
| Bridge Builder Small/Mid Cap Value Fund | 125,245 | 0.60% | $20.71M | 0.20% | Jun 30, 2026 |
| U.S. Targeted Value Portfolio | 118,055 | 0.56% | $20.18M | 0.12% | Jul 31, 2026 |
| Westwood Quality Smallcap Fund | 109,497 | 0.52% | $18.72M | 2.14% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 101,089 | 0.48% | $14.18M | 0.03% | May 31, 2026 |
| State Street(R) SPDR(R) S&P(R) Bank ETF | 95,310 | 0.45% | $15.76M | 1.07% | Jun 30, 2026 |
| Vanguard Russell 2000 Index Fund | 94,883 | 0.45% | $13.31M | 0.08% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Michael E. Daniels | Chairman, President & CEO, Director | 142,896 | 0.68% | May 7, 2026 |
| Eric James Witczak | EVP - Retail & Ag Banking | 40,071 | 0.19% | Jul 29, 2026 |
| Hubert Phillip Moore Jr | CFO | 38,386 | 0.18% | Jun 10, 2026 |
| William M. Bohn | EVP Wealth Mgmt - Nicolet Bank | 16,585 | 0.08% | Apr 17, 2026 |
| Brad Vincent Hutjens | EVP - CCO - Nicolet Natl Bank | 38,438 | 0.18% | Feb 17, 2026 |
| Donald J. Long Jr | Director | 87,164 | 0.42% | Aug 17, 2026 |
| Robert Bruce Atwell | Director | 43,052 | 0.21% | Jul 28, 2026 |
| Carl J. Chaney | Director | 3,918 | 0.02% | May 26, 2026 |
| John Nicholas Dykema | Director | 64,326 | 0.31% | May 26, 2026 |
| Robert J. Weyers | Director | 107,332 | 0.51% | May 26, 2026 |
| Janet E. Godwin | Director | 3,793 | 0.02% | May 21, 2026 |
| Glen E. Tellock | Director | 3,357 | 0.02% | May 21, 2026 |
| Susan L. Merkatoris | Director | 78,946 | 0.38% | May 21, 2026 |
| Oliver Pierce Smith | Director | 447,905 | 2.14% | May 21, 2026 |
| Matthew J. Hayek | Director | 4,492 | 0.02% | May 21, 2026 |
| Tracy S. McCormick | Director | 30,226 | 0.14% | May 21, 2026 |
| Andrew F. Hetzel Jr | Director | 10,593 | 0.05% | Jan 23, 2026 |
| Hector Colon | Director | 4,856 | 0.02% | Jan 21, 2026 |
| Christopher J. Ghidorzi | Director | 11,832 | 0.06% | Jan 21, 2026 |
| Dustin James McClone | Director | 6,682 | 0.03% | Jan 21, 2026 |
| Brenda L. Johnson | Director | 672,790 | 3.21% | Jan 21, 2026 |
| Marcia M. Anderson | Director | 2,988 | 0.01% | Jan 21, 2026 |
| Lynn Dale Davis | Director | 12,304 | 0.06% | May 21, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Donald J. Long Jr Director | Aug 13, 2026 | Gift | −150 | – | – | 80,963 |
| Eric James Witczak EVP - Retail & Ag Banking | Jul 28, 2026 | Sale | −342 | $171.96 | $58.81K | 33,288 |
| Eric James Witczak EVP - Retail & Ag Banking | Jul 27, 2026 | Sale | −1,215 | $167.89 | $203.99K | 33,630 |
| Robert Bruce Atwell Director | Jul 24, 2026 | Option exercise | +7,500 | $56.43 | $423.23K | 41,983 |
| Robert Bruce Atwell Director | Jul 24, 2026 | Sale | −2,662 | $170.24 | $453.18K | 34,483 |
| Robert Bruce Atwell Director | Jul 24, 2026 | Tax withholding | −4,838 | $170.85 | $826.57K | 37,145 |
| Hubert Phillip Moore Jr CFO | Jun 8, 2026 | Tax withholding | −940 | $144.06 | $135.42K | 37,921 |
| Robert J. Weyers Director | May 19, 2026 | Award | +458.26 | $139.63 | $63.99K | 10,260 |
| John Nicholas Dykema Director | May 19, 2026 | Award | +551.34 | $139.63 | $76.98K | 10,223 |
| Robert Bruce Atwell Director | May 19, 2026 | Award | +497.64 | $139.63 | $69.49K | 1,066 |
| Carl J. Chaney Director | May 19, 2026 | Award | +497.64 | $139.63 | $69.49K | 498 |
| Donald J. Long Jr Director | May 19, 2026 | Award | +569.24 | $139.63 | $79.48K | 6,186 |
| Donald J. Long Jr Director | May 19, 2026 | Award | +429 | $139.63 | $59.90K | 81,113 |
| Carl J. Chaney Director | May 19, 2026 | Award | +429 | $139.63 | $59.90K | 1,196 |
| John Nicholas Dykema Director | May 19, 2026 | Award | +429 | $139.63 | $59.90K | 44,310 |
| Glen E. Tellock Director | May 19, 2026 | Award | +429 | $139.63 | $59.90K | 2,357 |
| Robert J. Weyers Director | May 19, 2026 | Award | +429 | $139.63 | $59.90K | 52,989 |
| Tracy S. McCormick Director | May 19, 2026 | Award | +429 | $139.63 | $59.90K | 30,226 |
| Robert Bruce Atwell Director | May 19, 2026 | Award | +429 | $139.63 | $59.90K | 34,483 |
| Susan L. Merkatoris Director | May 19, 2026 | Award | +429 | $139.63 | $59.90K | 78,946 |
| Janet E. Godwin Director | May 19, 2026 | Award | +429 | $139.63 | $59.90K | 3,793 |
| Oliver Pierce Smith Director | May 19, 2026 | Award | +429 | $139.63 | $59.90K | 446,116 |
| Matthew J. Hayek Director | May 19, 2026 | Award | +429 | $139.63 | $59.90K | 4,492 |
| Hubert Phillip Moore Jr CFO | May 15, 2026 | Gift | −65 | – | – | 38,861 |
| Michael E. Daniels Chairman, President & CEO, Director | May 5, 2026 | Gift | +7,738 | – | – | 61,452 |
| Michael E. Daniels Chairman, President & CEO, Director | May 5, 2026 | Gift | −7,738 | – | – | 65,389 |
| Michael E. Daniels Chairman, President & CEO, Director | Apr 30, 2026 | Gift | +53,714 | – | – | 53,714 |
| Michael E. Daniels Chairman, President & CEO, Director | Apr 30, 2026 | Gift | −53,714 | – | – | 73,127 |
| Susan L. Merkatoris Director | Apr 29, 2026 | Gift | −105 | – | – | 78,517 |
| Hubert Phillip Moore Jr CFO | Apr 24, 2026 | Gift | +65 | – | – | 65 |
| Hubert Phillip Moore Jr CFO | Apr 24, 2026 | Gift | +65 | – | – | 65 |
| Hubert Phillip Moore Jr CFO | Apr 24, 2026 | Gift | −65 | – | – | 38,926 |
| Hubert Phillip Moore Jr CFO | Apr 24, 2026 | Gift | −65 | – | – | 38,991 |
| William M. Bohn EVP Wealth Mgmt - Nicolet Bank | Apr 15, 2026 | Tax withholding | −940 | $156.70 | $147.30K | 16,585 |
| John Nicholas Dykema Director | Apr 14, 2026 | Award | +6.36 | $158.42 | $1.01K | 9,671 |
| Robert Bruce Atwell Director | Apr 14, 2026 | Award | +12.71 | $158.42 | $2.01K | 568 |
| Robert J. Weyers Director | Apr 14, 2026 | Award | +6.36 | $158.42 | $1.01K | 9,801 |
| Donald J. Long Jr Director | Apr 14, 2026 | Award | +6.36 | $158.42 | $1.01K | 5,617 |
| Robert Bruce Atwell Director | Mar 12, 2026 | Sale | −1,324 | $150.26 | $198.94K | 34,154 |
| Robert Bruce Atwell Director | Mar 12, 2026 | Sale | −1,885 | $149.49 | $281.79K | 35,478 |
| Robert Bruce Atwell Director | Mar 12, 2026 | Tax withholding | −6,691 | $150.28 | $1.01M | 37,363 |
| Robert Bruce Atwell Director | Mar 12, 2026 | Option exercise | +10,000 | $56.43 | $564.30K | 44,054 |
| Robert Bruce Atwell Director | Mar 12, 2026 | Sale | −100 | $150.27 | $15.03K | 34,054 |
| Robert Bruce Atwell Director | Mar 5, 2026 | Sale | −400 | $151.34 | $60.54K | 34,170 |
| Robert Bruce Atwell Director | Mar 5, 2026 | Sale | −2,815 | $150.52 | $423.71K | 34,570 |
| Robert Bruce Atwell Director | Mar 5, 2026 | Sale | −116 | $152.05 | $17.64K | 34,054 |
| Robert Bruce Atwell Director | Mar 5, 2026 | Option exercise | +10,000 | $56.43 | $564.30K | 44,054 |
| Robert Bruce Atwell Director | Mar 5, 2026 | Tax withholding | −6,669 | $151.93 | $1.01M | 37,385 |
| Robert Bruce Atwell Director | Feb 18, 2026 | Sale | −6,396 | $155.47 | $994.39K | 34,054 |
| Robert Bruce Atwell Director | Feb 18, 2026 | Tax withholding | −8,604 | $155.17 | $1.34M | 40,450 |
| Robert Bruce Atwell Director | Feb 18, 2026 | Option exercise | +15,000 | $48.85 | $732.75K | 49,054 |
| Carl J. Chaney Director | Feb 13, 2026 | Award | +767 | – | – | 767 |
| Carl J. Chaney Director | Feb 13, 2026 | Award | +2,224 | – | – | 2,224 |
| Janet E. Godwin Director | Feb 13, 2026 | Award | +3,364 | – | – | 3,364 |
| Tracy S. McCormick Director | Feb 13, 2026 | Award | +29,797 | – | – | 29,797 |
| Matthew J. Hayek Director | Feb 13, 2026 | Award | +4,063 | – | – | 4,063 |
| Eric James Witczak EVP & Secretary | Feb 13, 2026 | Award | +3,333 | $155.19 | $517.25K | 35,894 |
| Eric James Witczak EVP & Secretary | Feb 13, 2026 | Tax withholding | −1,118 | $155.19 | $173.50K | 34,776 |
| Brad Vincent Hutjens EVP - CCO - Nicolet Natl Bank | Feb 13, 2026 | Award | +3,333 | $155.19 | $517.25K | 36,620 |
| Brad Vincent Hutjens EVP - CCO - Nicolet Natl Bank | Feb 13, 2026 | Tax withholding | −1,090 | $155.19 | $169.16K | 35,530 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Robert Bruce Atwell Director, STELLA MARIS FOUNDATION | Aug 25, 2026 | 300 | $51.88K | Aug 25, 2026 | GIFTED SHARES |
| Eric James Witczak Officer | Jul 28, 2026 | 342 | $58.81K | Jul 28, 2026 | Restricted Stock Vesting |
| Eric James Witczak Officer | Jul 28, 2026 | 342 | $58.81K | Jul 28, 2026 | Restricted Stock Vesting |
| Eric James Witczak Officer | Jul 27, 2026 | 1,215 | $206.11K | Jul 27, 2026 | Option Exercise |
| Robert Bruce Atwell Director | Jul 24, 2026 | 2,662 | $453.19K | Jul 24, 2026 | Stock Option Exercise |
| Robert Bruce Atwell Director | Mar 12, 2026 | 3,309 | $495.77K | Mar 12, 2026 | Stock Option Exercise |
| Robert Bruce Atwell Director | Mar 5, 2026 | 3,331 | $507.08K | Mar 5, 2026 | Stock Option Exercise |
| Robert Bruce Atwell Director | Feb 18, 2026 | 6,396 | $994.36K | Feb 18, 2026 | Stock Option Exercise |
| Eric James Witczak Officer | Aug 27, 2025 | 1,588 | $221.40K | Aug 27, 2025 | Stock Option Exercise |
| Eric James Witczak Officer | Aug 26, 2025 | 1,564 | $213.79K | Aug 26, 2025 | Stock Option Exercise |
| Robert Bruce Atwell Director | Jul 21, 2025 | 6,904 | $962.88K | Jul 21, 2025 | Stock Option Exercise |
| Eric James Witczak Officer | Jul 18, 2025 | 5,000 | $698.86K | Jul 18, 2025 | Option Granted - 11/18/2019 |
| Robert Bruce Atwell Director | Jun 9, 2025 | 3,126 | $369.82K | Jun 9, 2025 | Stock Option Exercise |
| Robert Bruce Atwell Director | May 30, 2025 | 3,208 | $395.94K | May 30, 2025 | Stock Option Exercise |
| Robert Bruce Atwell Director | Apr 23, 2025 | 6,192 | $717.36K | Apr 23, 2025 | Stock Option Exercise |