Nicolet Bankshares Inc. reported net income of $42 million for the third quarter of 2025, up from $36 million in the previous quarter and $33 million in the third quarter of 2024. Net interest income reached $79 million for the third quarter of 2025, an increase of $4 million from the prior quarter. The company's net interest margin for the period was 3.86%, compared to 3.72% in the previous quarter. Interest income increased by $3 million quarter-over-quarter, while interest expense decreased by $1 million. The yield on interest-earning assets rose to 5.85%, and the cost of interest-bearing liabilities declined to 2.76%. Core deposits grew by $223 million on a quarter-over-quarter basis, representing a 13% annualized growth rate. During the third quarter of 2025, Nicolet Bankshares repurchased 155,393 common shares for $21 million.