Nicolet Bankshares, Inc. (NIC)

NYSE: NIC · Real-Time Price · USD

178.58

+1.17 (0.66%)

Aug 13, 2026, 11:22 AM EDT - Market open

Nicolet Bankshares Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	510.22	387.79	346.48	272.5	286.38	210.42
Revenue Growth	40.16%	11.92%	27.15%	-4.85%	36.10%	15.83%
Net Income	154.16	150.69	124.06	61.52	94.26	60.65
Earnings Per Share	8.83	9.78	8.05	4.08	6.56	5.44
EPS Growth	1.38%	21.49%	97.30%	-37.80%	20.59%	-4.56%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	465.25	660.23	536.05	491.43	154.72	595.29
Total Debt	92.75	134.86	161.39	166.93	225.34	216.92
Net Cash (Debt)	372.5	525.37	374.66	324.5	-70.62	378.38
Net Cash Growth	29.21%	40.23%	15.46%	-	-	-52.87%
Net Cash Per Share	21.04	34.11	24.30	21.53	-4.91	33.95

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	182.53	153.54	133.75	107.97	117.4	97.65
Capital Expenditures	-5.33	-4.09	-16.92	-18.57	-12.23	-12.79
Free Cash Flow	177.2	149.44	116.83	89.41	105.16	84.86
Free Cash Flow Growth	19.90%	27.91%	30.67%	-14.98%	23.92%	24.60%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Pretax Margin	37.93%	48.21%	44.77%	31.79%	43.91%	38.55%
Profit Margin	30.21%	38.86%	35.81%	22.57%	32.91%	28.82%
FCF Margin	34.73%	38.54%	33.72%	32.81%	36.72%	40.33%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Aug '26 Aug 13, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Dividend Per Share	1.440	1.240	1.090	0.750
Dividend Per Share Growth	13.79%	13.76%	45.33%	-
Dividend Yield	0.81%	1.03%	1.05%	0.94%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 13, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	20.59	12.40	13.03	19.73	12.16	15.76
Forward PE	13.90	11.01	13.28	12.04	9.76	14.62
P/FCF Ratio	21.35	12.02	13.79	13.41	11.15	14.14
PS Ratio	7.29	4.63	4.65	4.40	4.09	5.70