Nicolet Bankshares Inc
NIC NYSE· National Commercial Banks
Last close · Oct 27, 2026
$173.19
KIRA · Stoqly’s AI analyst, in plain words
- Nicolet Bankshares Inc had $392M of revenue in fiscal 2025, up 11.9% on the year before. Over five years, revenue changed +15.4% a year on average.
- Nicolet Bankshares Inc made $151M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 17.1% a year.
- Nicolet Bankshares Inc returned $95.2M to shareholders in fiscal 2025, 64% of free cash flow. The diluted share count fell 0.1%.
- It earned 12.4% on shareholders’ money. Running costs took 51.2% of revenue (the efficiency ratio; lower is better).
Market cap
$3.8B
P/E
19.7x
Revenue
$392M
Net income
$151M
Return on equity
12.4%
Efficiency ratio
51.2%
Nicolet Bankshares Inc in 30 seconds · fiscal 2025
Are sales growing?
+11.9%
Yes. Sales grew 11.9% last year.
Does it make a profit?
38.4%
Yes. It keeps 38.4% of every sale as profit.
How lean are its costs?
51.2%
Lean. Running costs take 51.2% of revenue.
How much does it earn on its capital?
12.4%
Good. It earns 12.4% a year on shareholders’ money.
How is the share priced?
19.7x
One share costs 19.7 times its yearly profit per share.
What Nicolet Bankshares Inc does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 27, 2026
- Legal name
- NICOLET BANKSHARES INC
- CIK
- 0001174850
Nicolet Bankshares Inc · NIC
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $225M | $298M | $277M | $350M | $392M |
| Revenue growth | 17.4% | 32.2% | −6.8% | 26.3% | 11.9% |
| Net interest income | $158M | $240M | $242M | $268M | $306M |
| Net income | $60.7M | $94.3M | $61.5M | $124M | $151M |
| Net margin | 26.9% | 31.6% | 22.2% | 35.4% | 38.4% |
| Diluted EPS | $5.44 | $6.56 | $4.08 | $8.05 | $9.78 |
| Cash | |||||
| Cash from operations | $97.7M | $117M | $108M | $134M | $154M |
| Capital expenditure | $12.8M | $12.2M | $18.6M | $16.9M | $4.1M |
| Free cash flow | $84.9M | $105M | $89.4M | $117M | $149M |
| FCF margin | 37.7% | 35.3% | 32.2% | 33.3% | 38.1% |
| Dividends paid | $0.0M | $0.0M | $11.1M | $16.5M | $18.7M |
| Share buybacks | $62.6M | $61.5M | $1.5M | $10.1M | $76.6M |
| Share count change | 5.7% | 29.0% | 4.8% | 2.3% | −0.1% |
| Debt and strength | |||||
| Cash and short-term investments | $595M | $155M | $491M | $536M | $660M |
| Debt incl. finance leases | $217M | $542M | $167M | $161M | $135M |
| Loans, net | $4.6B | $6.1B | $6.3B | $6.6B | $6.8B |
| Deposits | $6.5B | $7.2B | $7.2B | $7.4B | $7.7B |
| Shareholders' equity | $892M | $973M | $1.0B | $1.2B | $1.3B |
| Returns and quality | |||||
| Return on equity | 8.5% | 10.1% | 6.1% | 11.2% | 12.4% |
| Return on tangible equity | 11.0% | 16.5% | 9.5% | 15.8% | 16.9% |
| Efficiency ratio | 57.4% | 53.9% | 67.0% | 54.6% | 51.2% |
| Piotroski F-score | 3 | 5 | 4 | 6 | 7 |
Insiders bought, 12 months
$0.3M
3 insiders
Insiders sold, 12 months
$2.7M
2 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Net income:
- Profit after all expenses, interest and tax.
- Efficiency ratio:
- Noninterest expense as a share of revenue. Lower is better for banks.
- Return on equity:
- Net income as a share of average shareholders' equity.
- Return on tangible equity:
- Net income to common over equity minus goodwill and intangibles.
- Diluted EPS:
- Net income per diluted share.
Nicolet Bankshares Inc · NIC
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Return on equity and efficiency ratio
Loans and deposits
Dividends and buybacks
Diluted EPS
KIRA
At $173.19 a share, the company is worth $3.8B: 19.7 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001174850). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.