Nicolet Bankshares, Inc.

Nicolet Bankshares, Inc.

NIC
Nicolet Bankshares, Inc.US flagNew York Stock Exchange
167.91
USD
+0.89
- -
2.64BMarket Cap
Nicolet Bankshares, Inc.
NIC
(New York Stock Exchange)

Recent

price

167.91

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
7.73
12.76
13.46
14.76
13.24
14.07
15.15
17.77
18.69
21
21.43
18.69
23.2
26.17
27.82
Revenue per Share
0.43
3.81
2.33
2.8
2.49
3.51
4.26
5.71
5.82
5.65
6.78
4.17
8.24
10.06
8.48
Basic EPS, GAAP
3.05
4.31
1.27
3.46
2.9
4.1
4.85
5.62
7.63
9.1
8.44
6.06
7.76
9.98
8.14
Free Cash Flow per Basic Share
0.29
0.31
0.06
0.05
0.09
- -
- -
- -
- -
- -
- -
0.75
1.1
1.25
1.35
Dividend per Share
3.52
7.59
9.58
12.76
9.64
10.86
14.98
20.82
24.48
29.22
29.33
31.09
37.61
46.59
44.92
Book Value per Share
12.41
20.24
20.81
23.4
26.32
25.05
27.29
36.71
35.2
51.45
40.99
43.73
52.15
58.43
81.97
Tangible Book Value per Share
4
4
4
4
7
9
10
10
10
11
14
15
15
15
16
Basic Weighted Avg Shares
33
51
56
59
95
133
146
170
193
225
298
276
349
392
437
Sales/Revenue/Turnover
14
39.45
26.14
29.86
29.6
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
2
3
4
3
5
7
6
7
11
14
22
18
17
15
13
Depreciation Expense
3
16
10
11
18
33
41
55
60
61
94
62
124
151
133
Net Income, GAAP
33.08
19.18
31.43
34.51
33.39
32.73
24.54
23.04
25.3
25.23
25.03
28.99
20.03
19.4
19.62
Effective Tax Rate (%)
9.2
31.82
17.74
19.34
19.47
24.96
28.09
32.16
31.11
26.9
31.62
22.33
35.54
38.44
30.47
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
41
45
34
40
38
78
77
68
54
217
225
167
161
135
180
LT Debt
77
105
111
110
276
365
387
517
539
892
973
1,039
1,173
1,258
2,257
Total Equity
- -
11.58
6.68
7.86
8.07
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
67.12
27.7
24.65
29.7
38.67
33.23
31.81
26.59
21.4
26.12
14.2
24.22
23.85
20.5
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
135
135
180
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
15
21
Market Capitalization
2,032
1,817
2,337

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
1,335
1,184
1,861
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.93%
20.28%
7.23%
Free Cash Flow
29.74%
15.75%
27.91%
Net Income, GAAP
35.28%
28.94%
21.46%
Sales/Revenue/Turnover
22.09%
16.06%
12.28%
Total Cash Common Dividend
- -
- -
12.76%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
82
85
91
91
349
2025
89
96
103
104
392
2026
135
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.86
1.96
2.16
2.25
8.24
2025
2.14
2.4
2.81
2.72
10.06
2026
0.83
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
0.28
0.28
0.28
1.1
2025
0.28
0.32
0.32
0.32
1.25
2026
0.38
- -
- -
- -
- -
Business
Nicolet Bankshares, Inc. (NYSE: NIC) operates as a bank holding company for Nicolet National Bank, providing a range of commercial banking, consumer banking, and wealth management services primarily to businesses, individuals, and governmental entities in the United States. The bank offers deposit products including checking accounts, savings accounts, money market deposit accounts, certificates of deposit, and individual retirement accounts; lending products such as commercial real estate loans, commercial and industrial loans, agricultural loans, residential mortgage loans, home equity loans, personal loans, and consumer installment loans; and wealth management services encompassing investment advisory, trust and fiduciary services, financial planning, retirement plan administration, and employee stock ownership plan administration. Nicolet National Bank operates through a network of over 50 branches located in Wisconsin, Michigan, and Minnesota, with headquarters in Green Bay, Wisconsin, where the company was founded in 2000. In recent developments, Nicolet Bankshares completed the acquisition of Citizens National Bank of Cheboygan in early 2024, expanding its footprint in Michigan's Lower Peninsula with additional branches and deposit market share. The company also announced a strategic partnership with Jack Henry & Associates in 2025 to enhance its digital banking capabilities and client experience through advanced core processing technology. Additionally, Nicolet launched new commercial lending initiatives targeting middle-market businesses in the Midwest, supported by a $100 million capital raise in late 2024 to fuel organic growth and potential further acquisitions.

Company News

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