Fool - Investing News·4 days ago
Here is the Best Bank ETFPortfolio concentration and weighting strategies set these two banking ETFs apart, shaping their risk and return profiles for investors.
Nicolet Bankshares, Inc.(NIC)Earnings, Financials & Key Ratios
NIC•NYSE•Banking & Credit
$165.18
16.9× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial and middle-market focused banks
AboutNicolet 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.Show more
- Net Interest Income$306M+14.3%
- Total Revenue$553M+6.4%
- Net Income$151M+21.5%
- Return on Equity12.4%+10.5%
- Net Interest Margin3.34%+9.5%
- Efficiency Ratio35.64%-2.7%
- ROA1.68%+16.6%
- Equity / Assets13.69%+2.7%
- Book Value per Share81.65+7.3%
NIC Price & Volume
Nicolet Bankshares, Inc. (NIC) stock price & volume — 10-year historical chart
Loading chart...
Inorganic Asset Expansion Masks Persistent Margin Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Acquisition-driven earnings volatility
Key Thesis Takeaways
- Nicolet Bankshares has aggressively scaled its balance sheet from $8.5 billion in 2023Q4 to $15.6 billion by 2026Q1, primarily through inorganic growth strategies that have introduced significant earnings and margin volatility.
- While the bank maintains a stable equity-to-assets ratio of 0.14, the heavy concentration of $13.2 billion in investment securities exposes the firm to substantial duration risk in shifting interest rate environments.
- Investors should monitor whether the bank can transition from acquisition-led expansion to sustainable organic profitability, given the recent contraction in net income to $15.2 million in 2026Q1.
Verdict Logic
the bank's reliance on inorganic growth and the recent decline in net income to $15.2 million in 2026Q1 suggest that operational stability remains elusive despite a healthy 0.14 equity-to-assets ratio.
NIC Growth Metrics
Nicolet Bankshares, Inc. (NIC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years23.62%
5 Years20.99%
3 Years18.5%
TTM-
Profit CAGR
10 Years29.42%
5 Years20.17%
3 Years16.93%
TTM3.44%
EPS CAGR
10 Years14.3%
5 Years11.4%
3 Years14.24%
TTM5.07%
Return on Capital
10 Years10.83%
5 Years8.42%
3 Years7.4%
Last Year3.54%
NIC Recent Earnings
Nicolet Bankshares, Inc. (NIC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (100%)●Beat Revenue 8/12 qtrs (80%)
Q2 2026Latest
Apr 21, 2026Metric
Actual
Est
EPS
$2.75+4.6%
$2.63
Rev
$135M-3.2%
$139M
Q1 2026
Feb 27, 2026Metric
Actual
Est
EPS
$2.65
—
Rev
$139M
—
Q1 2026
Jan 20, 2026Metric
Actual
Est
EPS
$2.73+7.1%
$2.55
Rev
$104M+2.9%
$101M
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$2.66+12.2%
$2.37
Rev
$103M+5.8%
$97M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $2.75vs $2.63+4.6% | $135Mvs $139M-3.2% |
| Q1 2026 | Feb 27, 2026 | $2.65 | $139M |
| Q1 2026 | Jan 20, 2026 | $2.73vs $2.55+7.1% | $104Mvs $101M+2.9% |
| Q4 2025 | Oct 23, 2025 | $2.66vs $2.37+12.2% | $103Mvs $97M+5.8% |
Based on last 12 quarters of dataView full earnings history →
Latest NIC News
Recent stock market news and headlines for Nicolet Bankshares, Inc. (NIC)
GuruFocus·Jun 25, 2026
Is Nicolet Bankshares Inc (NIC) Overvalued After 3.2% Rally? GF Value Says OvervaluedOn June 25, 2026, Nicolet Bankshares Inc (NIC) shares rose 3.2% to a current price of $161.35. The stock has shown strong performance over the past week, gainin
GuruFocus·Jun 25, 2026
Action Energy Co. Appoints Kuwait Investment Company as Market Maker to Enhance Share LiquidityAction Energy Co. Appoints Kuwait Investment Company as Market Maker to Enhance Share Liquidity PR Newswire KUWA
Peers Comparison
Key metrics vs top competitors for Nicolet Bankshares, Inc. (NIC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $165.18 | $2.6B | 16.89 | 6.39% | 27.27% | 12.4% | 0.73% | |
| $35.76 | $736.88M | 10.94 | -0.3% | 22.54% | 14.15% | — | |
| $34.67 | $4.97B | 19.59 | 11.71% | 31.14% | 14.2% | — | |
| $114.32 | $3.84B | 16.06 | -9.29% | 29.66% | 13.62% | — | |
| $90.85 | $3.81B | 13.87 | -1.99% | 21.34% | 15.21% | — | |
| $49.63 | $2.58B | 14.90 | 10.36% | 19.66% | 9.83% | — |
Compare NIC vs Peers
Nicolet Bankshares, Inc. (NIC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NIC SEC Filings & Documents
Nicolet Bankshares, Inc. (NIC) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 18, 2026·SEC
Material company update
Apr 21, 2026·SEC
Material company update
Feb 20, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
4Get notified when NIC posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
NIC Frequently Asked Questions
Nicolet Bankshares, Inc. (NIC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Nicolet Bankshares, Inc. growing?
Nicolet Bankshares, Inc. (NIC) grew revenue by 6.4% over the past year. This is steady growth.
Is NIC profitable?
Yes, Nicolet Bankshares, Inc. (NIC) is profitable, generating $133.3M in net income for fiscal year 2025 (27.3% net margin).
Dividend & Returns
Does NIC pay dividends?
Yes, Nicolet Bankshares, Inc. (NIC) pays a dividend with a yield of 0.73%. This makes it attractive for income-focused investors.
What is NIC's return on equity?
Nicolet Bankshares, Inc. (NIC) has a return on equity (ROE) of 12.4%. This is reasonable for most industries.
Industry Metrics
What is Nicolet Bankshares, Inc.'s net interest margin?
Nicolet Bankshares, Inc. (NIC) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.
What is Nicolet Bankshares, Inc.'s efficiency ratio?
Nicolet Bankshares, Inc. (NIC) has an efficiency ratio of 35.6%. This is excellent, indicating strong cost control.