Nicolet Bankshares, Inc. (NIC)

NYSE: NIC · Real-Time Price · USD

172.12

+1.25 (0.73%)

Sep 4, 2026, 4:00 PM EDT - Market closed

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	8.67	9.78	8.05	4.08	6.56	5.44
EPS Growth	-0.57%	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	455.25	660.23	536.05	497.81	167.24	615.31
Total Debt	92.75	139.98	161.39	166.93	542.34	216.92
Net Cash (Debt)	362.5	520.25	374.66	330.88	-375.1	398.4
Net Cash Growth	25.86%	38.86%	13.23%	-	-	-48.70%
Net Cash Per Share	20.41	33.77	24.30	21.96	-26.09	35.75

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	-8.42	-4.09	-16.92	-18.57	-12.23	-12.79
Free Cash Flow	174.11	149.44	116.83	89.41	105.16	84.86
Free Cash Flow Growth	22.55%	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
Profit Margin	30.21%	38.86%	35.80%	22.57%	32.91%	28.82%
FCF Margin	34.13%	38.54%	33.72%	32.81%	36.72%	40.33%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Sep '26 Sep 8, 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	13.33%	13.76%	45.33%	-
Dividend Yield	0.84%	1.03%	1.06%	0.96%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 8, 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	19.84	11.91	12.82	19.31	12.42	16.90
Forward PE	13.40	11.01	13.28	12.04	9.76	14.62
P/FCF Ratio	20.72	12.01	13.61	13.29	11.14	12.08
PS Ratio	7.07	4.63	4.59	4.36	4.09	4.87