NIC — what changed in the latest 10-Q
A section-by-section comparison of NIC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-30 vs the prior 10-Q · 2026-07-31
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +29 | −26 | ~35 | 67 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-30
interest-bearing liabilities decreased 49 bps to 2.32% for the first nine months of 2026, mostly due to lower deposit costs. As a result, the tax-equivalent net interest margin was 4.11% for the first nine months of 2026, a 39 bps increase over 3.72% for the first nine months of 2025.
Three Months Ended September 30,Nine Months Ended September 30,
Noninterest income was $94 million for the nine months ended September 30, 2026, $31 million (50%) higher than the comparable period of 2025, with growth in most core noninterest income categories primarily due to the acquisition of MidWestOne. Noninterest income excluding net asset gains (losses) f…
Wealth management fee income was $35 million, up $14 million (63%) from the first nine months of 2025, with growth in accounts and assets under management primarily due to the MidWestOne acquisition.
Mortgage income includes net gains received from the sale of residential real estate loans into the secondary market, capitalized mortgage servicing rights (“MSR”), servicing fees net of MSR amortization, fair value marks on the mortgage interest rate lock commitments and forward commitments (“mortg…
Text removed vs the prior filing · source: 10-Q · 2026-07-31
tax-equivalent net interest margin was 4.07% for the first six months of 2026, a 42 bps increase over 3.65% for the first six months of 2025.
Noninterest income was $62 million for the six months ended June 30, 2026, $23 million (58%) higher than the comparable period of 2025, with growth in most core noninterest income categories primarily due to the acquisition of MidWestOne. Noninterest income excluding net asset gains (losses) for the…
Wealth management fee income was $22 million, up $9 million (62%) from the first six months of 2025, including growth in accounts and assets under management primarily from the MidWestOne acquisition, as well as favorable market-related changes.
Mortgage income includes net gains received from the sale of residential real estate loans into the secondary market, capitalized mortgage servicing rights (“MSR”), servicing fees net of MSR amortization, fair value marks on the mortgage interest rate lock commitments and forward commitments (“mortg…
Services charges on deposit accounts were $7 million, up $3 million (83%) from the first six months of 2025, on growth in both accounts and account analysis fees, mostly driven by the MidWestOne acquisition.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice