What is Nicolet Bankshares's LSR income, net?

Nicolet Bankshares (NIC) reported LSR income, net of $711K in Q1 2026.

How has Nicolet Bankshares's LSR income, net changed year-over-year?

Nicolet Bankshares's LSR income, net decreased by 32.7% year-over-year, from $1.06M to $711K.

What does LSR income, net mean?

This represents the net income or loss associated with the valuation and amortization of mortgage servicing rights. It reflects the ongoing value the bank captures from managing the collection and administration of mortgage loans sold to the secondary market.

Nicolet Bankshares NIC LSR income, net

LSR income, net at other companies

Western Alliance BancorporationWAL

-$1.3M-106%

Rocket CompaniesRKT

$598M+1,346%

NelnetNNI

$15.05M+7.0%

Bank First CorporationBFC

$955K+30.5%

TrustmarkTRMK

$4.65M+51.6%

Annaly Capital ManagementNLY

$142.55M+12.8%

Other financials

Income statement

See full

Revenue$134.9M+50.8%

Net income$15.2M-53.4%

EPS (diluted)$0.81-61.1%

Balance sheet

See full

Cash & equivalents$615.5M+7.6%

Total debt$180.0M+14.9%

Total equity$2.3B+90.7%

Total assets$15.6B+73.5%

Cash flow

See full

Operating cash flow$16.3M-61.1%

CapEx$1.2M+157%

Free cash flow$15.1M-63.5%

Valuation

See full

Market cap$3.24B+91.7%

Enterprise value$2.8B+121%

P/E24.3×+11.2×

P/S7.4×+2.7×

Profitability

See full

Net margin30.5%-5.6pp

FCF margin28.2%-10.5pp

Returns & leverage

See full

Return on equity7.7%-3.7pp

Debt / equity0.1×-0.1×

Where this comes from

Reported directly by Nicolet Bankshares in its filing.

Tagged under the XBRL concept nic:LoanServicingRightIncomeNet.

The official record: Nicolet Bankshares’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nicolet Bankshares's LSR income, net?: Nicolet Bankshares (NIC) reported LSR income, net of $711K in Q1 2026.
How has Nicolet Bankshares's LSR income, net changed year-over-year?: Nicolet Bankshares's LSR income, net decreased by 32.7% year-over-year, from $1.06M to $711K.
What does LSR income, net mean?: This represents the net income or loss associated with the valuation and amortization of mortgage servicing rights. It reflects the ongoing value the bank captures from managing the collection and administration of mortgage loans sold to the secondary market.