(NIC) Nicolet Bankshares - Overview

Sector: Financial Services | Industry: Banks - Regional | Exchange: NYSE (USA) | Market Cap: 3.367m USD | Total Return: 50.5% in 12m

Loans, Deposits, Wealth Management, Cash Management
Total Rating 67
Safety 73
Buy Signal 1.39
Banks - Regional
Industry Rotation: +5.6
Market Cap: 3.37B
Avg Turnover: 23.0M USD
ATR: 2.58%
Peers RS (IBD): 85.3
Risk 5d forecast
Volatility31.4%
Rel. Tail Risk-9.49%
Reward TTM
Sharpe Ratio1.43
Alpha29.73
Character TTM
Beta0.736
Beta Downside1.797
Drawdowns 3y
Max DD21.73%
CAGR/Max DD1.90
EPS (Earnings per Share) EPS (Earnings per Share) of NIC over the last years for every Quarter: "2021-03": 1.75, "2021-06": 1.77, "2021-09": 0.73, "2021-12": 1.25, "2022-03": 1.7, "2022-06": 1.67, "2022-09": 1.74, "2022-12": 1.84, "2023-03": 1.45, "2023-06": 1.53, "2023-09": 1.54, "2023-12": 1.85, "2024-03": 1.72, "2024-06": 1.88, "2024-09": 2.04, "2024-12": 2.17, "2025-03": 2.1, "2025-06": 2.35, "2025-09": 2.66, "2025-12": 2.73,
EPS CAGR: 13.46%
EPS Trend: 79.9%
Last SUE: 3.13
Qual. Beats: 7
Revenue Revenue of NIC over the last years for every Quarter: 2021-03: 54.002, 2021-06: 58.485, 2021-09: 52.737, 2021-12: 73.827, 2022-03: 73.861, 2022-06: 73.657, 2022-09: 83.718, 2022-12: 100.838, 2023-03: 63.192, 2023-06: 108.898, 2023-09: 116.425, 2023-12: 130.678, 2024-03: 123.453, 2024-06: 128.487, 2024-09: 135, 2024-12: 132.477, 2025-03: 130.964, 2025-06: 138.271, 2025-09: 143.952, 2025-12: 139.418,
Rev. CAGR: 18.46%
Rev. Trend: 84.7%
Last SUE: 3.35
Qual. Beats: 3

Warnings

No concerns identified

Tailwinds

Pead

Description: NIC Nicolet Bankshares

Nicolet Bankshares, Inc. operates Nicolet National Bank, providing banking services to businesses and individuals across Wisconsin, Michigan, and Minnesota.

The company offers a range of deposit products, including checking, savings, money market accounts, and various certificates of deposit. Regional banks typically derive a substantial portion of their revenue from net interest income, the difference between interest earned on loans and interest paid on deposits.

Lending activities encompass commercial loans (industrial, real estate, agricultural), construction and land development loans, residential real estate loans (mortgages, home equity), and consumer loans. The banking sectors profitability is significantly influenced by interest rate environments and economic conditions affecting loan demand and credit quality.

Additional services include cash management, international banking, personal brokerage, wealth management, and trust services. The company also provides online and mobile banking, remote deposit capture, and various other financial services such as wire transfers and credit cards.

To gain further insights, continue your research on ValueRay.

Headlines to Watch Out For
  • Net interest income growth hinges on interest rate environment
  • Loan demand in Wisconsin, Michigan, Minnesota impacts revenue
  • Regulatory compliance costs affect profitability
  • Wealth management services contribute to non-interest income
  • Economic conditions in Midwest influence loan performance
Piotroski VR‑10 (Strict) 4.0
Net Income: 150.7m TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.29 > 1.0
NWC/Revenue: 1.35k% < 20% (prev -1.24k%; Δ 2.58k% < -1%)
CFO/TA 0.02 > 3% & CFO 153.5m > Net Income 150.7m
Net Debt (-1.05b) to EBITDA (195.9m): -5.36 < 3
Current Ratio: 5.08k > 1.5 & < 3
Outstanding Shares: last quarter (15.2m) vs 12m ago -3.07% < -2%
Gross Margin: 69.47% > 18% (prev 0.66%; Δ 6.88k% > 0.5%)
Asset Turnover: 6.15% > 50% (prev 5.90%; Δ 0.24% > 0%)
Interest Coverage Ratio: 0.66 > 6 (EBITDA TTM 195.9m / Interest Expense TTM 206.0m)
Altman Z'' 5.75
A: 0.81 (Total Current Assets 7.44b - Total Current Liabilities 1.47m) / Total Assets 9.19b
B: 0.08 (Retained Earnings 697.8m / Total Assets 9.19b)
C: 0.02 (EBIT TTM 136.8m / Avg Total Assets 8.99b)
D: 0.09 (Book Value of Equity 674.4m / Total Liabilities 7.93b)
Altman-Z'' Score: 5.75 = AAA
What is the price of NIC shares? As of April 16, 2026, the stock is trading at USD 156.70 with a total of 164,255 shares traded.
Over the past week, the price has changed by +0.91%, over one month by +5.40%, over three months by +18.00% and over the past year by +50.47%.
Is NIC a buy, sell or hold? Nicolet Bankshares has received a consensus analysts rating of 3.60. Therefor, it is recommend to hold NIC.
  • StrongBuy: 1
  • Buy: 1
  • Hold: 3
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the NIC price?
Analysts Target Price 176.6 12.7%
Nicolet Bankshares (NIC) - Fundamental Data Overview as of 15 April 2026
P/E Trailing = 16.0285
P/E Forward = 14.8368
P/S = 8.6814
P/B = 2.6597
P/EG = 1.921
Revenue TTM = 552.6m USD
EBIT TTM = 136.8m USD
EBITDA TTM = 195.9m USD
Long Term Debt = 134.9m USD (from longTermDebt, last quarter)
 Short Term Debt = unknown (none)
 Debt = 134.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.05b USD (recalculated: Debt 134.9m - CCE 1.18b)
Enterprise Value = 2.32b USD (3.37b + Debt 134.9m - CCE 1.18b)
Interest Coverage Ratio = 0.66 (Ebit TTM 136.8m / Interest Expense TTM 206.0m)
EV/FCF = 15.51x (Enterprise Value 2.32b / FCF TTM 149.4m)
FCF Yield = 6.45% (FCF TTM 149.4m / Enterprise Value 2.32b)
FCF Margin = 27.04% (FCF TTM 149.4m / Revenue TTM 552.6m)
Net Margin = 27.27% (Net Income TTM 150.7m / Revenue TTM 552.6m)
Gross Margin = 69.47% ((Revenue TTM 552.6m - Cost of Revenue TTM 168.7m) / Revenue TTM)
Gross Margin QoQ = 71.24% (prev 70.81%)
Tobins Q-Ratio = 0.25 (Enterprise Value 2.32b / Total Assets 9.19b)
Interest Expense / Debt = 29.17% (Interest Expense 39.3m / Debt 134.9m)
Taxrate = 19.67% (9.87m / 50.2m)
NOPAT = 109.9m (EBIT 136.8m * (1 - 19.67%))
 Current Ratio = 5.08k (out of range, set to none) (Total Current Assets 7.44b / Total Current Liabilities 1.47m)
 Debt / Equity = 0.11 (Debt 134.9m / totalStockholderEquity, last quarter 1.26b)
Debt / EBITDA = -5.36 (Net Debt -1.05b / EBITDA 195.9m)
Debt / FCF = -7.02 (Net Debt -1.05b / FCF TTM 149.4m)
Total Stockholder Equity = 1.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.68% (Net Income 150.7m / Total Assets 9.19b)
RoE = 12.44% (Net Income TTM 150.7m / Total Stockholder Equity 1.21b)
RoCE = 10.16% (EBIT 136.8m / Capital Employed (Equity 1.21b + L.T.Debt 134.9m))
RoIC = 8.13% (NOPAT 109.9m / Invested Capital 1.35b)
WACC = 9.20% (E(3.37b)/V(3.50b) * Re(8.63%) + D(134.9m)/V(3.50b) * Rd(29.17%) * (1-Tc(0.20)))
Discount Rate = 8.63% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.28%
[DCF] Terminal Value 77.77% ; FCFF base≈136.6m ; Y1≈168.5m ; Y5≈287.5m
[DCF] Fair Price = 234.3 (EV 3.95b - Net Debt -1.05b = Equity 5.00b / Shares 21.4m; r=9.20% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 79.94 | EPS CAGR: 13.46% | SUE: 3.13 | # QB: 7
Revenue Correlation: 84.66 | Revenue CAGR: 18.46% | SUE: 3.35 | # QB: 3
EPS next Quarter (2026-06-30): EPS=3.10 | Chg7d=+0.008 | Chg30d=+0.013 | Revisions Net=+2 | Analysts=4
EPS current Year (2026-12-31): EPS=12.50 | Chg7d=-0.012 | Chg30d=+0.005 | Revisions Net=+0 | Growth EPS=+27.3% | Growth Revenue=+91.8%
EPS next Year (2027-12-31): EPS=14.26 | Chg7d=-0.088 | Chg30d=-0.060 | Revisions Net=+0 | Growth EPS=+14.1% | Growth Revenue=+9.9%
[Analyst] Revisions Ratio: +1.00 (2 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 2.4% (Discount Rate 8.6% - Earnings Yield 6.2%)
[Growth] Growth Spread = +106.8% (Analyst 109.2% - Implied 2.4%)
External Resources
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