Symbols / NIC Stock $148.03 +0.58% Nicolet Bankshares, Inc.

Financial Services • Banks - Regional • United States • NYQ
NIC (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Banks - Regional
CEO Mr. Michael E. Daniels
Exch · Country NYQ · United States
Market Cap 3.16B
Enterprise Value 2.70B
Income 133.29M
Sales 428.66M
FCF (ttm) —
Book/sh 85.08
Cash/sh 29.07
Employees 986
Insider 10d —
IPO May 17, 2013
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 15.04%
P/E 17.39
Forward P/E 11.14
PEG 1.92
P/S 7.36
P/B 1.74
P/C —
EV/EBITDA —
EV/Sales 6.29
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 8.51
EPS next Y 13.29
EPS Growth -61.10%
Revenue Growth 46.50%
EPS Gr Q/Q -53.40%
Rev Gr Q/Q —
Earnings (next) 2026-07-14
Earnings (prior) 2026-04-21
ROA 1.09%
ROE 7.75%
ROIC —
Gross Margin 0.00%
Oper. Margin 50.52%
Profit Margin 31.09%
Shs Outstand 21.32M
Shs Float 19.34M
Insider Own 8.52%
Instit Own 41.22%
Short Float 2.69%
Short Ratio 3.37
Short Interest 545.65K
52W High 163.11
vs 52W High -9.25%
52W Low 114.12
vs 52W Low 29.71%
Beta 0.70
Impl. Vol. 3.13%
Rel Volume 0.72
Avg Volume 203.97K
Volume 145.87K
Target (mean) $174.20
Tgt Median $173.00
Tgt Low $165.00
Tgt High $183.00
# Analysts 5
Recom Buy
Prev Close $147.18
Price $148.03
Change 0.58%
About

Nicolet Bankshares, Inc. operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota. The company accepts demand deposits, 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 loans; construction and land development loans; residential real estate loans, such as residential first lien and junior lien mortgages, home equity loans, 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. The company was formerly known as Green Bay Financial Corporation and changed its name to Nicolet Bankshares, Inc. in March 2002. The company was incorporated in 2000 and is headquartered in Green Bay, Wisconsin.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$174.20
Mean price target
2. Current target
$148.03
Latest analyst target
3. DCF / Fair value
$127.65
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$148.03
Low
$165.00
High
$183.00
Mean
$174.20

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-22 main Piper Sandler Overweight → Overweight $183
2026-02-19 up Piper Sandler Neutral → Overweight $185
2026-01-22 main Maxim Group Buy → Buy $173
2026-01-22 main Keefe, Bruyette & Woods Outperform → Outperform $170
2026-01-21 main Piper Sandler Neutral → Neutral $148
2025-12-17 main Keefe, Bruyette & Woods Outperform → Outperform $165
2025-07-17 main Maxim Group Buy → Buy $161
2025-07-17 main Keefe, Bruyette & Woods Market Perform → Market Perform $135
2025-07-16 main Piper Sandler Neutral → Neutral $140
2025-04-17 main Keefe, Bruyette & Woods Market Perform → Market Perform $118
2025-04-16 main Piper Sandler Neutral → Neutral $118
2025-01-23 main Maxim Group Buy → Buy $131
2025-01-23 main Keefe, Bruyette & Woods Market Perform → Market Perform $115
2025-01-22 main Piper Sandler Neutral → Neutral $120
2024-12-04 main Keefe, Bruyette & Woods Market Perform → Market Perform $110
2024-10-17 main Maxim Group Buy → Buy $124
2024-07-18 main Stephens & Co. Equal-Weight → Equal-Weight $110
2024-07-17 main Piper Sandler Neutral → Neutral $104
2024-04-18 main Stephens & Co. Equal-Weight → Equal-Weight $88
2024-04-18 main Keefe, Bruyette & Woods Market Perform → Market Perform $86
News
RSS: Latest NIC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-30 DANIELS MICHAEL E. Chief Executive Officer — 53,714 $0.00 $0
2026-04-29 MERKATORIS SUSAN L. Director — 105 $0.00 $0
2026-04-24 MOORE HUBERT PHILLIP JR Chief Financial Officer — 130 $0.00 $0
2026-04-14 ATWELL ROBERT BRUCE Director — 12 $158.42 $2,014
2026-04-14 LONG DONALD J. JR. Director — 6 $158.42 $1,007
2026-04-14 WEYERS ROBERT J Director — 6 $158.42 $1,007
2026-04-14 DYKEMA JOHN NICHOLAS Director — 6 $158.42 $1,007
2026-03-12 ATWELL ROBERT BRUCE Director — 3,309 $149.49 $495,759
2026-03-12 ATWELL ROBERT BRUCE Director — 10,000 $56.43 $564,300
2026-03-05 ATWELL ROBERT BRUCE Director — 3,331 $150.52 $501,888
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
392.00
+12.28%
349.12
+26.72%
275.51
-7.58%
298.12
Operating Revenue
392.00
+12.28%
349.12
+26.72%
275.51
-7.58%
298.12
Selling General And Administration
127.32
+5.44%
120.75
+8.88%
110.90
+11.90%
99.11
Selling And Marketing Expense
8.01
-3.85%
8.33
+6.93%
7.79
-8.05%
8.47
General And Administrative Expense
119.31
+6.13%
112.42
+9.03%
103.11
+13.76%
90.63
Salaries And Wages
115.31
+6.36%
108.41
+9.39%
99.11
+11.72%
88.71
Other Gand A
—
—
—
—
Reconciled Depreciation
14.99
-11.59%
16.95
-7.88%
18.40
-16.08%
21.93
Total Unusual Items
-1.87
-239.96%
1.33
+1150.39%
-0.13
-109.72%
1.31
Total Unusual Items Excluding Goodwill
-1.87
-239.96%
1.33
+1150.39%
-0.13
-109.72%
1.31
Special Income Charges
-1.91
-257.53%
1.22
+321.72%
-0.55
+71.16%
-1.90
Other Special Charges
-0.06
+95.77%
-1.35
-856.18%
0.18
+2325.00%
-0.01
Restructuring And Mergern Acquisition
1.96
0.00
-100.00%
0.19
-88.64%
1.66
Write Off
0.01
-88.55%
0.13
-27.62%
0.18
-25.82%
0.24
Net Income
150.69
+21.46%
124.06
+101.67%
61.52
-34.74%
94.26
Pretax Income
186.96
+20.52%
155.13
+79.07%
86.63
-31.10%
125.74
Net Interest Income
306.47
+14.33%
268.06
+10.99%
241.52
+0.65%
239.96
Interest Expense
164.48
-3.42%
170.30
+20.48%
141.35
+316.25%
33.96
Interest Income
470.95
+7.43%
438.37
+14.50%
382.86
+39.77%
273.92
Gain On Sale Of Security
1.07
-62.68%
2.88
+108.17%
-35.21
-22106.25%
0.16
Tax Provision
36.27
+16.74%
31.07
+23.71%
25.12
-20.21%
31.48
Tax Rate For Calcs
0.00
-3.13%
0.00
-30.94%
0.00
+15.84%
0.00
Tax Effect Of Unusual Items
-0.36
-235.57%
0.27
+825.44%
-0.04
-111.26%
0.33
Net Income Including Noncontrolling Interests
150.69
+21.46%
124.06
+101.67%
61.52
-34.74%
94.26
Net Income From Continuing Operation Net Minority Interest
150.69
+21.46%
124.06
+101.67%
61.52
-34.74%
94.26
Net Income From Continuing And Discontinued Operation
150.69
+21.46%
124.06
+101.67%
61.52
-34.74%
94.26
Net Income Continuous Operations
150.69
+21.46%
124.06
+101.67%
61.52
-34.74%
94.26
Minority Interests
—
—
—
0.00
Normalized Income
152.19
+23.74%
122.99
+99.64%
61.61
-33.96%
93.28
Net Income Common Stockholders
150.69
+21.46%
124.06
+101.67%
61.52
-34.74%
94.26
Diluted EPS
9.78
+21.49%
8.05
+97.30%
4.08
-37.80%
6.56
Basic EPS
10.06
+22.09%
8.24
+97.60%
4.17
-38.50%
6.78
Basic Average Shares
14.98
-0.46%
15.05
+2.08%
14.74
+6.00%
13.91
Diluted Average Shares
15.40
-0.08%
15.42
+2.29%
15.07
+4.84%
14.38
Diluted NI Availto Com Stockholders
150.69
+21.46%
124.06
+101.67%
61.52
-34.74%
94.26
Amortization
5.74
-16.52%
6.88
-14.82%
8.07
+22.01%
6.62
Amortization Of Intangibles Income Statement
5.74
-16.52%
6.88
-14.82%
8.07
+22.01%
6.62
Depreciation Amortization Depletion Income Statement
5.74
-16.52%
6.88
-14.82%
8.07
+22.01%
6.62
Depreciation And Amortization In Income Statement
5.74
-16.52%
6.88
-14.82%
8.07
+22.01%
6.62
Insurance And Claims
4.01
+0.10%
4.00
+0.10%
4.00
+108.28%
1.92
Occupancy And Equipment
36.63
+4.25%
35.14
-3.00%
36.22
+21.87%
29.72
Other Non Interest Expense
29.18
+2.07%
28.59
-6.20%
30.48
+29.52%
23.54
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
9,185.11
+4.41%
8,796.80
+3.87%
8,468.68
-3.37%
8,763.97
Cash And Cash Equivalents
660.23
+23.17%
536.05
+7.68%
497.81
+197.66%
167.24
Cash Financial
107.96
-6.89%
115.94
-10.74%
129.90
+7.17%
121.21
Other Short Term Investments
523.90
-35.03%
806.41
+0.48%
802.57
-12.54%
917.62
Receivables
—
—
—
138.01
Accounts Receivable
—
—
—
138.01
Net PPE
120.46
-5.13%
126.98
+6.92%
118.76
+8.99%
108.96
Gross PPE
185.96
+0.51%
185.02
+9.35%
169.21
+10.86%
152.63
Accumulated Depreciation
-65.50
-12.85%
-58.04
-15.04%
-50.45
-15.52%
-43.67
Land And Improvements
25.91
-0.23%
25.98
+10.64%
23.48
+16.21%
20.20
Buildings And Improvements
109.76
-0.20%
109.98
+10.35%
99.66
+11.19%
89.63
Machinery Furniture Equipment
42.48
+3.32%
41.12
+5.86%
38.84
+8.74%
35.72
Leases
7.81
-1.79%
7.95
+10.02%
7.23
+2.10%
7.08
Goodwill And Other Intangible Assets
382.40
-1.48%
388.14
-1.58%
394.37
-2.01%
402.44
Goodwill
367.39
+0.00%
367.39
+0.00%
367.39
+0.00%
367.39
Other Intangible Assets
15.01
-27.66%
20.75
-23.08%
26.98
-23.03%
35.05
Investments And Advances
881.80
+6.82%
825.53
+1.00%
817.37
-50.82%
1,662.03
Total Liabilities Net Minority Interest
7,927.44
+3.98%
7,623.90
+2.61%
7,429.67
-4.64%
7,791.44
Payables And Accrued Expenses
—
—
—
70.18
Payables
—
—
—
70.18
Accounts Payable
—
—
—
70.18
Current Debt And Capital Lease Obligation
—
—
0.00
-100.00%
317.00
Current Debt
—
—
0.00
-100.00%
317.00
Other Current Borrowings
—
—
0.00
-100.00%
317.00
Long Term Debt And Capital Lease Obligation
134.86
-16.44%
161.39
-3.32%
166.93
-25.92%
225.34
Long Term Debt
134.86
-16.44%
161.39
-3.32%
166.93
-25.92%
225.34
Stockholders Equity
1,257.66
+7.23%
1,172.90
+12.89%
1,039.01
+6.84%
972.53
Common Stock Equity
1,257.66
+7.23%
1,172.90
+12.89%
1,039.01
+6.84%
972.53
Capital Stock
0.15
-3.90%
0.15
+3.36%
0.15
+1.36%
0.15
Common Stock
0.15
-3.90%
0.15
+3.36%
0.15
+1.36%
0.15
Share Issued
14.81
-3.55%
15.36
+3.11%
14.89
+1.39%
14.69
Ordinary Shares Number
14.81
-3.55%
15.36
+3.11%
14.89
+1.39%
14.69
Additional Paid In Capital
583.26
-11.03%
655.54
+3.44%
633.77
+1.89%
621.99
Retained Earnings
697.80
+23.34%
565.77
+23.46%
458.26
+12.36%
407.86
Gains Losses Not Affecting Retained Earnings
-23.54
+51.53%
-48.57
+8.66%
-53.17
+7.48%
-57.47
Other Equity Adjustments
-23.54
+51.53%
-48.57
+8.66%
-53.17
+7.48%
-57.47
Total Equity Gross Minority Interest
1,257.66
+7.23%
1,172.90
+12.89%
1,039.01
+6.84%
972.53
Total Capitalization
1,392.52
+4.36%
1,334.29
+10.64%
1,205.94
+0.67%
1,197.87
Invested Capital
1,392.52
+4.36%
1,334.29
+10.64%
1,205.94
-20.39%
1,514.87
Total Debt
134.86
-16.44%
161.39
-3.32%
166.93
-69.22%
542.34
Net Debt
—
—
—
375.10
Net Tangible Assets
875.26
+11.53%
784.76
+21.74%
644.64
+13.08%
570.09
Tangible Book Value
875.26
+11.53%
784.76
+21.74%
644.64
+13.08%
570.09
Available For Sale Securities
357.90
+1772.28%
19.12
+29.17%
14.80
-77.33%
65.29
Cash Cash Equivalents And Federal Funds Sold
660.23
+23.17%
536.05
+7.68%
497.81
+197.66%
167.24
Held To Maturity Securities
—
—
0.00
-100.00%
679.13
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
153.53
+14.79%
133.75
+23.87%
107.97
-8.03%
117.40
Cash Flow From Continuing Operating Activities
153.53
+14.79%
133.75
+23.87%
107.97
-8.03%
117.40
Net Income From Continuing Operations
150.69
+21.46%
124.06
+101.67%
61.52
-34.74%
94.26
Depreciation Amortization Depletion
14.99
-11.59%
16.95
-7.88%
18.40
-16.08%
21.93
Depreciation
14.99
-11.59%
16.95
-7.88%
18.40
-16.08%
21.93
Depreciation And Amortization
14.99
-11.59%
16.95
-7.88%
18.40
-16.08%
21.93
Other Non Cash Items
-5.24
-43.81%
-3.65
+10.73%
-4.08
-206.75%
3.83
Stock Based Compensation
7.34
+10.63%
6.63
+3.06%
6.44
-8.24%
7.02
Deferred Tax
-4.64
+37.13%
-7.38
-343.87%
3.03
+123.45%
-12.91
Deferred Income Tax
-4.64
+37.13%
-7.38
-343.87%
3.03
+123.45%
-12.91
Operating Gains Losses
-11.69
+4.52%
-12.24
-143.32%
28.26
+452.48%
-8.02
Change In Working Capital
-2.16
-139.06%
5.52
+152.20%
-10.58
-4937.62%
-0.21
Change In Receivables
-5.20
-144.26%
11.74
+319.67%
-5.34
-7419.18%
0.07
Changes In Account Receivables
-5.20
-144.26%
11.74
+319.67%
-5.34
-7419.18%
0.07
Change In Payables And Accrued Expense
3.04
+148.88%
-6.21
-18.70%
-5.24
-1750.18%
-0.28
Change In Payable
3.04
+148.88%
-6.21
-18.70%
-5.24
-1750.18%
-0.28
Change In Account Payable
3.04
+148.88%
-6.21
-18.70%
-5.24
-1750.18%
-0.28
Change In Other Working Capital
—
—
—
—
Investing Cash Flow
-230.75
+20.00%
-288.44
-148.77%
591.46
+214.54%
-516.36
Cash Flow From Continuing Investing Activities
-230.75
+20.00%
-288.44
-148.77%
591.46
+214.54%
-516.36
Net PPE Purchase And Sale
-1.77
+89.30%
-16.52
+9.24%
-18.20
-48.78%
-12.23
Purchase Of PPE
-4.09
+75.81%
-16.92
+8.88%
-18.57
—
Sale Of PPE
2.32
+482.46%
0.40
+9.32%
0.36
—
Capital Expenditure
-4.09
+75.81%
-16.92
+8.88%
-18.57
-51.77%
-12.23
Net Investment Purchase And Sale
-22.67
-410.86%
7.29
-99.05%
766.01
+813.61%
83.84
Purchase Of Investment
-145.32
-30.15%
-111.65
-52.53%
-73.20
+18.76%
-90.10
Sale Of Investment
122.64
+3.11%
118.95
-85.83%
839.21
+382.46%
173.94
Net Business Purchase And Sale
—
0.00
0.00
-100.00%
119.61
Purchase Of Business
—
0.00
0.00
+100.00%
-28.22
Net Other Investing Changes
0.41
+103.54%
-11.46
-192.02%
12.46
-16.44%
14.91
Financing Cash Flow
201.40
+1.05%
199.30
+154.95%
-362.73
-771.92%
-41.60
Cash Flow From Continuing Financing Activities
201.40
+1.05%
199.30
+154.95%
-362.73
-771.92%
-41.60
Net Issuance Payments Of Debt
-27.40
-429.78%
-5.17
+98.62%
-376.00
-329.08%
164.13
Issuance Of Debt
—
—
0.00
0.00
Repayment Of Debt
-27.40
-429.78%
-5.17
+91.23%
-59.00
-195.00%
-20.00
Long Term Debt Issuance
—
—
0.00
0.00
Long Term Debt Payments
-27.40
-429.78%
-5.17
+91.23%
-59.00
-195.00%
-20.00
Net Long Term Debt Issuance
-27.40
-429.78%
-5.17
+91.23%
-59.00
-195.00%
-20.00
Net Short Term Debt Issuance
0.00
0.00
+100.00%
-317.00
-272.16%
184.13
Net Common Stock Issuance
-89.19
-673.74%
-11.53
-122.27%
-5.19
+91.46%
-60.75
Common Stock Payments
-89.29
-637.20%
-12.11
-100.86%
-6.03
+90.19%
-61.50
Common Stock Dividend Paid
-18.66
-12.76%
-16.55
-48.83%
-11.12
0.00
Cash Dividends Paid
-18.66
-12.76%
-16.55
-48.83%
-11.12
0.00
Repurchase Of Capital Stock
-89.29
-637.20%
-12.11
-100.86%
-6.03
+90.19%
-61.50
Proceeds From Stock Option Exercised
9.56
-64.15%
26.67
+153.20%
10.53
+316.12%
2.53
Net Other Financing Charges
—
—
—
—
Changes In Cash
124.19
+178.34%
44.62
-86.75%
336.71
+176.43%
-440.57
Beginning Cash Position
536.05
+9.08%
491.43
+217.62%
154.72
-74.01%
595.29
End Cash Position
660.23
+23.17%
536.05
+9.08%
491.43
+217.62%
154.72
Free Cash Flow
149.44
+27.91%
116.83
+30.67%
89.41
-14.98%
105.16
Interest Paid Supplemental Data
163.58
-3.94%
170.29
+23.39%
138.01
+268.69%
37.43
Income Tax Paid Supplemental Data
39.16
+54.65%
25.32
+10.03%
23.02
-31.42%
33.56
Common Stock Issuance
0.10
-82.74%
0.58
-30.69%
0.84
+12.38%
0.75
Issuance Of Capital Stock
0.10
-82.74%
0.58
-30.69%
0.84
+12.38%
0.75
Sale Of Business
—
0.00
0.00
-100.00%
147.83
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
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