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Nicolet Shareholders Approve MidwestOne Merger and Expansion

Story Highlights
  • Nicolet granted $13 million in performance-based equity awards to executives driving the MidwestOne integration.
  • Shareholders approved the MidwestOne merger and share increase as the board expanded buybacks and targeted a February 2026 closing.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nicolet Shareholders Approve MidwestOne Merger and Expansion

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Nicolet Bankshares ( (NIC) ) has provided an announcement.

On January 20, 2026, Nicolet Bankshares’ compensation committee approved performance-based equity awards totaling 101,000 restricted stock units, with an aggregate grant date value of $13 million, for key executives and senior managers involved in the integration of MidwestOne Financial Group, Inc., structured to vest over a three-year period ending December 31, 2028 based on deal closing, relative return on average assets, and cumulative earnings per share. At a special meeting on January 26, 2026, Nicolet shareholders approved the merger agreement with MidwestOne, an increase in authorized common shares from 30 million to 60 million, and an adjournment proposal that ultimately was not needed, while the board separately authorized a $60 million increase to the share repurchase program; with all regulatory approvals in hand as of January 22, 2026, the company targeted February 13, 2026 for completion of the MidwestOne merger, underscoring its commitment to scale, capital management, and performance-based integration incentives for leadership.

The most recent analyst rating on (NIC) stock is a Buy with a $165.00 price target. To see the full list of analyst forecasts on Nicolet Bankshares stock, see the NIC Stock Forecast page.

Spark’s Take on NIC Stock

According to Spark, TipRanks’ AI Analyst, NIC is a Outperform.

The score is driven primarily by strong financial performance (high profitability, low leverage, and solid free cash flow trends) and supported by positive corporate catalysts (record results and an accretive merger plan). The main constraint is technical overextension with overbought signals, while valuation appears reasonable but not especially compelling.

To see Spark’s full report on NIC stock, click here.

More about Nicolet Bankshares

Nicolet Bankshares, Inc. is a U.S. regional banking holding company whose primary business is providing commercial and consumer banking services, including loans, deposit products and related financial services, with a strategic focus on growth through acquisitions such as its pending merger with MidwestOne Financial Group, Inc.

Average Trading Volume: 147,413

Technical Sentiment Signal: Buy

Current Market Cap: $2.11B

See more data about NIC stock on TipRanks’ Stock Analysis page.

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