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NIC stock logo

NIC

Nicolet Bankshares, Inc.

$144.22
-3.47
 (-2.35%)
Exchange:   NYSE
Market Cap:   2.16B
Shares Outstanding:   3.452M
Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Financial Services
Industry:  Banks – Regional
   
CEO:  Michael E. Daniels
Full Time Employees:  952
Address: 
111 North Washington Street
Green Bay
WI
54301
US
Website:  https://www.nicoletbank.com
Nicolet Bankshares, Inc. operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts. It also offers commercial loans, including commercial, industrial, and business loans and lines of credit; commercial real estate loans; agricultural (AG) production and AG real estate loans; commercial real estate investment real estate loans; construction and land development loans; residential real estate loans, such as residential first lien and junior lien mortgages, home equity loans, lines of credit, and residential construction loans; and consumer loans. In addition, the company provides cash management, international banking, personal brokerage, safe deposit boxes, and trust and fiduciary services, as well as wealth management and retirement plan services. Further, it offers mortgage refinancing; online services, such as commercial, retail, and trust online banking; automated bill payment, mobile banking deposits and account access, and remote deposit capture services; and other services consisting of wire transfers, debit cards, credit cards, pre-paid gift cards, direct deposits, and official bank checks, as well as facilitates crop insurance products. As of December 31, 2021, it operated 52 branches throughout Wisconsin and Michigan. The company was formerly known as Green Bay Financial Corporation and changed its name to Nicolet Bankshares, Inc. in March 2002. Nicolet Bankshares, Inc. was incorporated in 2000 and is headquartered in Green Bay, Wisconsin.

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Revenue Segmentation

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EPS

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Earnings Call

No earnings call materials on file for this symbol yet.

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue416,853519,417552,605
Gross Profit272,857345,267383,878
EBITDA105,035172,081186,957
Operating Income86,632155,129186,957
Net Income61,516124,059150,686

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets8,468,6788,796,7959,185,107
Total Liabilities7,429,6717,623,8977,927,445
Total Stockholders Equity1,039,0071,172,8981,257,662
Total Debt166,930161,387134,860
Cash and Cash Equivalents497,805537,027660,232

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Cash Flow Statement

Year202320242025
Operating Cash Flow107,974133,7490
Capital Expenditure-18,202-16,5200
Free Cash Flow89,772117,2290
Net Income61,516124,059150,686
Net Change in Cash336,70844,616-536,047

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2027Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Low)738,179.344Full AccessFull AccessFull AccessFull Access
Estimated Revenue (High)766,788.667Full AccessFull AccessFull AccessFull Access
Estimated Revenue (Avg)754,172.250Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Low)260,368.412Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (High)270,459.407Full AccessFull AccessFull AccessFull Access
Estimated Ebitda (Avg)266,009.382Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Low)214,878.728Full AccessFull AccessFull AccessFull Access
Estimated Net Income (High)225,775.980Full AccessFull AccessFull AccessFull Access
Estimated Net Income (Avg)220,327.354Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Low)206,456.160Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (High)214,457.699Full AccessFull AccessFull AccessFull Access
Estimated SGA Expense (Avg)210,929.103Full AccessFull AccessFull AccessFull Access
Estimated EPS (Avg)14.350Full AccessFull AccessFull AccessFull Access
Estimated EPS (High)14.660Full AccessFull AccessFull AccessFull Access
Estimated EPS (Low)13.950Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated Revenue)3Full AccessFull AccessFull AccessFull Access
Number of Analysts (Estimated EPS)3Full AccessFull AccessFull AccessFull Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
520.632M  ?P/S
 (TTM)
: 
3.91
?Net Income
 (TTM)
: 
124.059M  ?P/E
 (TTM)
: 
14.17
?Enterprise Value
 (TTM)
: 
1.635B  ?EV/FCF
 (TTM)
: 
10.94
?Dividend Yield
 (TTM)
: 
0.01  ?Payout Ratio
 (TTM)
: 
0.12
?ROE
 (TTM)
: 
0.12  ?ROIC
 (TTM)
: 
0.02
?Net Debt
 (TTM)
: 
45.444M  ?Debt/Equity
 (TTM)
: 
0.11
?P/B
 (TTM)
: 
1.7  ?Current Ratio
 (TTM)
: 
5079.45

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Full Access for high/low estimates and the interactive table.

Forward P/E 1YFull AccessFull AccessFull AccessFull Access
11.81Full AccessFull AccessFull AccessFull Access

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SWOT Analysis

Strengths (preview)
  • Robust Financial Performance: NIC demonstrates consistent revenue growth as reflected in the Income Statements, with positive trends in net income and earnings per share (EPS) over recent periods. Strong operating cash flow and free cash flow figures from the Cash Flow Statements indicate operational efficiency and liquidity to support ongoing business activities.
  • Favorable Valuation Metrics: The current price-to-earnings (P/E) ratio and forward P/E ratio from the Key Metrics and Forward P/E Ratios data suggest that NIC is reasonably valued compared to industry averages (industry_avg_priceToEarningsRatioTTM). This positions the stock as potentially attractive to value-focused investors.
  • Strong Market Position: As per the Company Profile, NIC operates in a competitive industry and sector (industryName, sectorName) with a significant market capitalization and a stable workforce (fullTimeEmployees), indicating a solid foundation and capacity for sustained operations.
  • Positive Earnings Call Insights: Analysis of the Earnings Call Transcript reveals that NIC has met or exceeded expectations in recent quarters, with management highlighting successful strategic initiatives and operational improvements, lending credibility to reported financial results.

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At what price to buy it? -
Intrinsic Value Calculator

Based on current fundamentals and analyst forecasts, MARKETSnap estimates NIC intrinsic value between $111.89 – $129.39 per share. This depends on revenue growth, margins, and discount rate.

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.


Calculate NIC Intrinsic Value

Common questions about NIC valuation

Is Nicolet Bankshares, Inc. (NIC) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for Nicolet Bankshares, Inc. (NIC) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is NIC a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether NIC trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is NIC’s P/E ratio?

You can see NIC’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for NIC?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is NIC a good long-term investment?

Whether NIC fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

NIC

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

-2.35
MARKETSnap

Trading Metrics:

Open: 147.41   Previous Close: 147.69
Day Low: 144.15   Day High: 147.41
Year Low: 97.9   Year High: 163.11
Price Avg 50: 146.82   Price Avg 200: 132.84
Volume: 115943   Average Volume: 213011

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See in Nexus

Relevant news

American Century Companies Inc. Sells 5,015 Shares of Nicolet Bankshares Inc. $NIC
09-03-2026 03:03
American Century Companies Inc. Sells 5,015 Shares of Nicolet Bankshares Inc. $NIC
Surging Earnings Estimates Signal Upside for Nicolet Bankshares (NIC) Stock
23-02-2026 13:20
Surging Earnings Estimates Signal Upside for Nicolet Bankshares (NIC) Stock
Nicolet Bankshares, Inc. Announces Record Earnings
20-01-2026 16:15
Nicolet Bankshares, Inc. Announces Record Earnings
Head to Head Review: Nicolet Bankshares (NYSE:NIC) and Chain Bridge Bancorp (NYSE:CBNA)
12-01-2026 01:52
Head to Head Review: Nicolet Bankshares (NYSE:NIC) and Chain Bridge Bancorp (NYSE:CBNA)
Earnings Estimates Moving Higher for Nicolet Bankshares (NIC): Time to Buy?
17-12-2025 13:21
Earnings Estimates Moving Higher for Nicolet Bankshares (NIC): Time to Buy?
Nicolet Bankshares, Inc. Declares Cash Dividend to Shareholders
25-11-2025 16:10
Nicolet Bankshares, Inc. Declares Cash Dividend to Shareholders

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