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Nicolet National Bank

Green Bay, WI · Cert 57038 · Nicolet Bankshares Inc.

National charter · OCC · 115 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

34

Q2 2024Q2 2026peer median (50)

Asset Quality

75

Q2 2024Q2 2026peer median (50)

Profitability

34

Q2 2024Q2 2026peer median (50)

Liquidity

85

Q2 2024Q2 2026peer median

Efficiency

20

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Nicolet National Bank

Green Bay, WI · Cert 57038 · Nicolet Bankshares Inc.

National charter · OCC · 115 branches

Q2 2026

$15.4BAssets
$11.3BLoans
$13.0BDeposits
$2.3BEquity
Loan mix
79%RE $8.2B20%C&I $2.1B1%Consumer $0.1BQ3 2024Q2 2026
Deposit mix
78%Interest-bearing $10.1B22%Noninterest $2.9BQ3 2024Q2 2026

Market Position · Green Bay, WI · 2026 SOD (annual) · 18.0% share · #2 of 20 inst. · $2.7B of $14.9B

17.3% Brown
18.4% Johnson
24.5% Dubuque
64.1% Door

Executive Summary

  • Earnings: ROA of 1.17%, down 37 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.63% of loans (+23 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 9.64%, down 3 bps from a year ago.
  • Funding: loans stand at 87.02% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.17%-37 bps YoY

Net Interest Margin (YTD, annualized)

3.50%-1 bps YoY

Efficiency Ratio (YTD, annualized)

61.51%+1,123 bps YoY

Tier 1 Leverage Ratio

9.64%-3 bps YoY

NIM

4.98%Q2 ’245.14%Q2 ’254.63%Q2 ’26+8%0%

Non-interest income vs. expense

2.11%Q2 ’242.10%Q2 ’252.54%Q2 ’26+0%+35%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.38%1.43%1.46%1.54%1.63%1.66%0.61%1.17%-37 bps
Return on Equity10.54%10.91%11.26%11.79%12.46%12.75%4.33%8.08%-371 bps
Net Interest Margin3.27%3.30%3.44%3.51%3.57%3.56%3.95%3.50%-1 bps
Efficiency Ratio53.03%52.19%50.87%50.28%49.17%48.86%74.17%61.51%+1,123 bps
Non-Interest Burden1.40%1.38%1.43%1.42%1.38%1.37%2.67%1.91%+50 bps
Growth
Asset Growth (YoY)2.67%3.92%6.29%4.36%4.52%4.39%73.49%72.60%+6,824 bps
Loan Growth (YoY)5.16%4.34%5.48%4.75%4.84%3.25%67.12%64.54%+5,979 bps
Deposit Growth (YoY)2.54%4.17%6.61%4.29%4.69%4.30%69.66%68.59%+6,430 bps
Asset Quality
Nonperforming Loans / Loans0.39%0.43%0.42%0.40%0.40%0.46%0.65%0.63%+23 bps
Net Charge-Offs / Loans0.01%0.02%0.02%0.02%0.02%0.03%0.03%0.03%+1 bps
Allowance / Loans1.00%1.00%1.00%1.00%1.00%1.00%1.18%1.19%+19 bps
Allowance Coverage of NPLs2.6x2.3x2.4x2.5x2.5x2.2x1.8x1.9x-0.6x
Capital
Tier 1 Leverage Ratio9.58%9.53%9.75%9.67%9.64%9.49%12.47%9.64%-3 bps
Total Risk-Based Capital11.58%11.67%12.24%12.05%12.08%12.12%12.21%12.20%+15 bps
Equity / Assets13.19%12.85%13.06%13.15%13.12%12.98%14.84%14.96%+181 bps
Liquidity & Funding
Loans / Deposits88.55%87.37%87.37%89.16%88.68%86.49%86.06%87.02%-214 bps
Liquid Assets / Assets3.56%4.79%5.22%3.29%4.22%6.03%3.17%2.04%-125 bps
CRE / Total Capitaln/an/an/an/a310%305%352%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Nicolet National Bank

Green Bay, WI · Cert 57038 · Peer group: banks over $10B in assets (n=142-144) · Nicolet Bankshares Inc.

National charter · OCC · 115 branches

Q2 2026

$15.4BAssets
$11.3BLoans
$13.0BDeposits
$2.3BEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 91% of banks over $10B in assets (rank 14 of 142).
  • Widest gap: total risk-based capital ratio trails 94% of banks over $10B in assets (rank 136 of 144).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.02%

Rank 103 of 144

Net Interest Margin

3.50%

Rank 55 of 144

Efficiency Ratio

64.89%

Rank 116 of 144

Equity / Assets

14.96%

Rank 13 of 144

Non-interest income vs. expense

$97.5M$394.1MINCOMEEXPENSE
Unfavorable gap of $296.6M · efficiency ratio beats 20% of banks over $10B in assets
Bank 64.89%Peer median 56.0%Q1 2026Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.02%1.00%1.26%1.54%Beats 28%103 / 144
Return on Equity6.79%8.98%11.34%14.40%Beats 11%128 / 144
Net Interest Margin3.50%2.82%3.31%3.68%Beats 62%55 / 144
Efficiency Ratio64.89%49.42%56.02%62.41%Beats 20%116 / 144
Asset Quality
Nonperforming Loans / Loans0.63%0.48%0.73%1.07%Beats 58%60 / 142
Net Charge-Offs / Loans0.01%0.05%0.11%0.22%Beats 91%14 / 142
Capital
Tier 1 Capital Ratio11.08%12.07%12.98%14.92%Beats 6%136 / 144
Total Risk-Based Capital Ratio12.20%13.39%14.14%16.25%Beats 6%136 / 144
Equity / Assets14.96%9.69%11.39%12.96%Beats 91%13 / 144
Liquidity & Funding
Loans / Deposits87.02%75.72%84.92%91.56%57th pctl61 / 143
Loans / Assets73.22%59.83%69.07%74.80%67th pctl47 / 144
Brokered Deposits / Depositsn/aNot reported for this institution