Skip to content
Company Analysis

Nicolet Bankshares Inc. NIC

A comprehensive view of key metrics, scores, and financial health for Nicolet Bankshares Inc.

Overview of Nicolet Bankshares, Inc.

NIC NYQ
Financial Services Banks - Regional Mid Cap
Nicolet Bankshares, Inc. (NIC), is a Mid Cap company, in the Banks - Regional industry, last closed at $148.58, about 44.4% overvalued vs fair value, +27.2% 1Y return, ranked 399/1037 in sector.
Metrics Rev Growth 58.3% ROE 12.4% Gross Margin 69.5% Div Yield 1.04%
$148.58
0.17%
As of April 28, 2026
Previous close • Vol 90d: 34.2%
52-Week Range
Market Cap
$3.17B
Enterprise Value
$2.65B
Overall Score
View breakdown
Overall
Growth
Good
Profitability
Good
Health
Fair
Efficiency
Fair
Valuation
Fair
Growth
Good
Profitability
Good
Health
Fair
Efficiency
Fair
Valuation
Fair
Completeness: 82%
Confidence: 80%
Updated: Mar 8
Top Beats

Quick Facts

Website https://www.nicoletbank.com
HQ Green Bay, WI
Fiscal year Dec 31

Next Events

Earnings Apr 14 Estimated

Fair Value Snapshot

Bear Base Bull
$46
$83
$155
Current: $148.58 -44% vs base

Engine Room Money Flow™

Mid Cap

Financial Services - Where revenue goes and how value is created

Flow Steps
Interest Income
$438.4M
14.5%%
Interest Expense
$164.5M
Net Interest Income
$268.1M
11%%
Total Revenue
$552.6M
58.3%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Financial Services

Quality & Reliability Indicators

Return on Equity
10.6%
Good

Net Income / Equity - key bank profitability metric

Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium
Locked Metric
-
Premium

Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$95.2M
76.8% of Net Income

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
1
Active Leaks
1/1
Improving
0
High Impact
1
Critical
Moat Analysis Bank Specialized

Competitive Advantage Assessment

Evaluating Nicolet Bankshares Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
73
/100
Moderate
Scores based on quantitative metrics and qualitative factors

Upgrade to unlock interactive defense details

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Deposit Franchise

Moderate
68
Premium
Unlock full defense details

See key signals plus strengths and risks for this moat dimension.

Upgrade for full defense analysis Premium-only evidence and insights.
For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Banks (Regional & Diversified) vs Industry Peers 93% Coverage
Trade-Off Triangle Visualization A ternary plot showing NIC's balance between Growth (43.1%), Profitability (37.7%), and Safety (19.2%). Growth 43% Safety 19% Profitability 38%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
Upgrade to unlock the full 3-year trend analysis and deltas.

Growth

73th percentile vs peers
74
Key Signals
NII Growth YoY 11.0% 79p EPS Growth YoY 97.2% 91p Asset Growth YoY 4.4% 54p Equity Growth YoY 12.9% 79p
Strengths
  • EPS Growth YoY in top 20% of peers (97.2%, 91th percentile)
  • ROTE in top 20% of peers (17.4%, 87th percentile)
  • ROA in top 20% of peers (1.4%, 86th percentile)
  • Equity/Assets in top 20% of peers (13.7%, 84th percentile)
  • Growth above peer median with strong metric coverage (80%)
Risks

No significant risks identified for this axis.

Profitability

64th percentile vs peers
65
Key Signals
Strengths
Risks
Premium
Unlock full Profitability drilldowns

See the signal-level drivers and insights behind this axis. Upgrade to reveal the full Trade-Off Ledger.

Upgrade Now

Safety

32th percentile vs peers
33
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Nicolet Bankshares Inc..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
X.X%
X%XX%
X.X%
-XX%XX%
XX.X%
-XX%XX%
Adjust the sliders above to explore different valuation scenarios.
Unlock Premium
Reveal the full Scenario Theatre
See live sliders, narratives, and full Bear/Base/Bull outcomes.
Upgrade Now
Bear
-
- - -
- upside
-
Base
$82.60
- - -
-44.4% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
Actions & Info