Nicolet Bankshares Inc (NIC) Key Ratios
$166.51
As on 16-Sep-2026 15:40EDT
Market cap
$3,571 Mln
Revenue (TTM)
$522 Mln
P/E Ratio
19.1
P/B Ratio
1.6
Div. Yield
0.8 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 33.75 | -1.21 | -2.72 | 13.55 | 18.37 |
| EBIT | 281.34 | 61.90 | 14.54 | 34.63 | 14.58 |
| Net Profit | 274.45 | 57.90 | 13.67 | 37.11 | 16.25 |
| EPS | 274.45 | 60.02 | 15.94 | 35.90 | 7.66 |
| Book Value | -- | -- | 10.63 | 8.67 | 9.66 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 28.16 | 31.26 | 37.07 | 33.83 | 29.87 |
| Net Margin
| -- | -- | 29.53 | -- | -- |
| Return on equity
| 9.91 | 9.66 | 8.74 | 12.40 | 11.22 |
| Return on Capital
| 8.45 | 7.93 | -- | 11.05 | 9.77 |
| Return on Assets
| 1.28 | 1.19 | 1.20 | 1.68 | 1.44 |
| Debt to Equity (x)
| -- | -- | 0.04 | 0.11 | 0.14 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
--
|
11.05
|
9.77
|
4.52
|
7.19
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
8.74
Lower than Peers by 1.21
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
8.74
|
12.40
|
11.22
|
6.12
|
10.11
|
|
Peer Median
|
9.95
|
--
|
--
|
--
|
--
|
ROA
1.20
Higher than Peers by 0.22
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
1.20
|
1.68
|
1.44
|
0.71
|
1.15
|
|
Peer Median
|
0.98
|
--
|
--
|
--
|
--
|
EBIT Margin
37.07
Higher than Peers by 15.87
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
37.07
|
33.83
|
29.87
|
20.78
|
37.86
|
|
Peer Median
|
21.20
|
--
|
--
|
--
|
--
|
Net Margin
29.53
Higher than Peers by 9.00
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
29.53
|
27.27
|
23.88
|
14.76
|
28.39
|
|
Peer Median
|
20.53
|
--
|
--
|
--
|
--
|
Cash Profit Margin
0.00
Higher than Peers by 0.00
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
0.00
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.00
|
--
|
--
|
--
|
--
|
Revenue Growth
-2.72
Lower than Peers by 13.64
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
-2.72
|
0.06
|
0.25
|
0.26
|
0.39
|
|
Peer Median
|
10.92
|
--
|
--
|
--
|
--
|
EBIT Growth
14.54
Higher than Peers by 26.08
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
14.54
|
20.52
|
79.07
|
-31.10
|
55.00
|
|
Peer Median
|
-11.54
|
--
|
--
|
--
|
--
|
Net Profit Growth
13.67
Higher than Peers by 7.07
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
13.67
|
21.46
|
101.67
|
-34.74
|
55.41
|
|
Peer Median
|
6.59
|
--
|
--
|
--
|
--
|
EPS Growth
15.94
Higher than Peers by 10.63
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
15.94
|
0.25
|
0.94
|
-0.35
|
0.34
|
|
Peer Median
|
5.32
|
--
|
--
|
--
|
--
|
Book Value Growth
93.42
Higher than Peers by 84.60
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
93.42
|
--
|
--
|
--
|
--
|
|
Peer Median
|
8.82
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.04
Lower than Peers by 0.16
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
0.04
|
0.11
|
0.14
|
0.16
|
0.56
|
|
Peer Median
|
0.20
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
--
|
--
|
--
|
--
|
0.33
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
--
--
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
--
|
5,079.45
|
0.18
|
0.18
|
0.16
|
|
Peer Median
|
0.28
|
--
|
--
|
--
|
--
|
Quick Ratio
--
--
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
--
|
--
|
--
|
0.25
|
0.19
|
|
Peer Median
|
0.34
|
--
|
--
|
--
|
--
|
Interest Coverage
2.03
Higher than Peers by 0.25
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
2.03
|
1.14
|
0.91
|
0.61
|
3.70
|
|
Peer Median
|
1.78
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
10.20
Higher than Peers by 3.17
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
10.20
|
1,224.66
|
4.82
|
32.08
|
41.56
|
|
Peer Median
|
7.03
|
--
|
--
|
--
|
--
|
Asset Turnover
0.04
Lower than Peers by 0.01
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
0.04
|
0.06
|
0.06
|
0.05
|
0.04
|
|
Peer Median
|
0.05
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
--
|
2,244.81
|
55.82
|
119.05
|
138.25
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
--
|
--
|
-1,046.72
|
-862.37
|
-4,071.91
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
--
|
16,735.11
|
136.20
|
171.37
|
558.06
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
--
|
--
|
-1,127.10
|
-914.68
|
-4,491.72
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
19.10
Higher than Peers by 6.26
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
19.10
|
12.26
|
13.29
|
19.81
|
12.79
|
|
Peer Median
|
12.84
|
--
|
--
|
--
|
--
|
Price / Book Value
1.57
Higher than Peers by 0.24
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
1.57
|
1.47
|
1.41
|
1.17
|
1.24
|
|
Peer Median
|
1.33
|
--
|
--
|
--
|
--
|
Dividend Yield
0.78
Lower than Peers by 1.64
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
0.78
|
--
|
--
|
--
|
--
|
|
Peer Median
|
2.42
|
--
|
--
|
--
|
--
|
EV/EBITDA
--
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
--
|
3.95
|
2.71
|
0.81
|
4.49
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
3,571
Higher than Peers by 3,279
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Nicolet Bankshares Inc (NIC)
|
3,571
|
--
|
--
|
--
|
--
|
|
Peer Median
|
292
|
--
|
--
|
--
|
--
|