KBRA Releases Surveillance Report for Nicolet Bankshares, Inc.

On June 18, 2025, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Green Bay, Wisconsin-based Nicolet Bankshares, Inc. (NYSE: NIC). KBRA also affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for the subsidiary, Nicolet National Bank. The Outlook for all long-term ratings is Positive.

To access ratings and relevant documents, click here.

Click here to view the report.