NIC - NYSE

Nicolet Bankshares, Inc.

NIC·NYSE

$131.86

-3.7%

Financial ServicesBanks - Regional

Nicolet 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.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$2.07B

EPS10.0600

P/E Ratio13.11

Earnings Date07/21/2026

9.19B

Assets

3Y+5.0%

5Y+102.0%

10Y+299.0%

7.93B

Total Liabilities

3Y+2.0%

5Y+98.0%

10Y+292.0%

1.26B

Total Equity

3Y+29.0%

5Y+133.0%

10Y+355.0%

Nicolet Bankshares, Inc. Funding & Solvency Profile

NIC · NYSE

Current Assets

Cash & Cash Equivalents660.23M

Net Receivables6.77B

Inventory0.00

Other Current Assets-510.28M

Total Current Assets7 B

Non-Current Assets

Property, Plant & Equipment120.46M

Goodwill & Intangible Assets382.40M

Long-Term Investments7.14B

Other Non-Current Assets-5.90B

Total Non-Current Assets1 B

Total Assets

9.19B

Financial Health Analysis

Current Ratio

5079.45x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

6.30x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

7 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

81% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

Nicolet Bankshares, Inc. Balance Sheet

NIC • NYSE

Nicolet Bankshares, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	660.2M	537M	497.8M	167.2M	617.2M	832.4M	201.4M	250.5M	155.9M	132.4M	86.1M	77.5M	147.9M	81.5M	0.0	0.0
Short-Term Investments	523.9M	438.7M	802.6M	917.6M	921.7M	539.3M	449.3M	400.1M	405.2M	365.3M	172.6M	168.5M	127.5M	55.9M	0.0	0.0
Cash & Short-Term Investments	1.2B	975.8M	1.3B	1.1B	1.5B	1.4B	650.7M	650.7M	561.1M	497.6M	258.7M	246M	275.4M	137.4M	0.0	0.0
Net Receivables	6.8B	0.0	133.7M	138M	113.4M	55.5M	39.5M	34.4M	35.8M	33.1M	13.4M	18.9M	21.1M	11M	0.0	0.0
Accounts Receivables	6.8B	0.0	133.7M	138M	113.4M	55.5M	39.5M	34.4M	35.8M	33.1M	13.4M	18.9M	21.1M	11M	0.0	0.0
Other Current Assets	-510.3M	0.0	-127.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	92.4M	52.6M
Total Current Assets	7.4B	975.8M	1.3B	1.2B	1.7B	1.4B	690.1M	685.1M	596.9M	530.7M	272.1M	264.9M	296.5M	148.4M	92.4M	52.6M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	120.5M	127M	118.8M	109M	94.6M	59.9M	56.5M	48.2M	47.2M	45.9M	29.6M	31.9M	29.8M	19.6M	19.3M	19.1M
Goodwill	367.4M	367.4M	367.4M	367.4M	317.2M	163.2M	151.2M	107.4M	107.4M	66.7M	762K	800K	800K	800K	0.0	0.0
Intangible Assets	15M	20.8M	27M	35.1M	22.3M	12.2M	14.8M	16.9M	21M	21.2M	3M	4.1M	5.3M	2.2M	0.0	0.0
Goodwill & Intangible Assets	382.4M	388.1M	394.4M	402.4M	339.5M	175.4M	166M	124.3M	128.4M	87.9M	3.8M	0.0	0.0	0.0	0.0	0.0
Long-Term Investments	7.1B	7B	6.3B	6.9B	5.5B	2.8B	2.6B	2.2B	2.1B	1.6B	879.6M	889.4M	847.6M	558M	94.2M	47.1M
Other Non-Current Assets	-5.9B	352.2M	345.9M	165.1M	134.5M	83.3M	78.1M	66.3M	65.2M	54.9M	29.4M	29M	24.9M	19.2M	472.4M	555.9M
Total Non-Current Assets	1.7B	7.8B	7.2B	7.5B	6B	3.1B	2.9B	2.4B	2.3B	1.8B	942.4M	950.4M	902.3M	596.8M	585.9M	622.2M
Total Assets	9.2B	8.8B	8.5B	8.8B	7.7B	4.6B	3.6B	3.1B	2.9B	2.3B	1.2B	1.2B	1.2B	745.3M	678.2M	674.8M
LIABILITIES
CURRENT LIABILITIES
Total Payables	7.7B	0.0	0.0	70.2M	68.7M	48.3M	38.2M	17.7M	18.4M	16.9M	8.5M	10.8M	7.4M	6.4M	0.0	0.0
Accounts Payable	7.7B	0.0	0.0	70.2M	68.7M	48.3M	38.2M	17.7M	18.4M	16.9M	8.5M	10.8M	7.4M	6.4M	0.0	0.0
Accrued Expenses	61.8M	0.0	0.0	0.0	3.1M	0.0	0.0	0.0	18.4M	16.9M	8.5M	10.8M	7.4M	6.4M	0.0	0.0
Short Term Debt	0.0	0.0	0.0	317M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	7.1M	4M	4.1M	4.4M
Deferred Revenue	0.0	0.0	0.0	0.0	58.7M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Current Liabilities	-7.8B	7.4B	7.2B	7.2B	6.4B	3.9B	3B	2.6B	2.5B	2B	1.1B	1.1B	1B	616.1M	348.9M	281.2M
Total Current Liabilities	1.5M	7.4B	7.2B	7.6B	6.5B	4B	3B	2.6B	2.5B	2B	1.1B	1.1B	1.1B	632.9M	353M	285.6M
NON-CURRENT LIABILITIES
Long Term Debt	134.9M	161.4M	166.9M	225.3M	216.9M	53.9M	67.6M	77.3M	78M	37.6M	39.8M	33.5M	44.6M	41.3M	41.6M	41.8M
Other Non-Current Liabilities	7.8B	58.8M	64.9M	0.0	51.6M	0.0	0.0	0.0	-18.4M	-16.9M	-8.5M	-10.8M	-7.4M	-6.4M	207.5M	281.7M
Total Non-Current Liabilities	7.9B	220.2M	231.9M	225.3M	268.5M	53.9M	67.6M	77.3M	59.6M	20.7M	31.2M	22.7M	37.1M	34.9M	249M	323.5M
Total Liabilities	7.9B	7.6B	7.4B	7.8B	6.8B	4B	3.1B	2.7B	2.6B	2B	1.1B	1.1B	1.1B	667.9M	602M	609.1M
SHAREHOLDERS' EQUITY
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	12.2M	24.4M	24.4M	24.4M	24.4M	15.2M
Common Stock	148K	154K	149K	147K	140K	100K	106K	95K	98K	86K	42K	41K	42K	34K	34.8K	34.6K
Additional Paid-In Capital	583.3M	655.5M	633.8M	622M	575M	273.4M	312.7M	247.8M	263.8M	209.7M	45.2M	45.7M	49.6M	36.2M	36.7M	36.3M
Retained Earnings	697.8M	565.8M	458.3M	407.9M	313.6M	253M	199M	144.4M	102.4M	68.9M	51.1M	39.8M	30.1M	15M	13.2M	13.1M
Accumulated Other Comprehensive Income/Loss	-23.5M	-48.6M	-53.2M	-57.5M	3.1M	12.7M	4.4M	-5.6M	-2.1M	-2.7M	980K	1M	666K	1.7M	1.7M	998.5K
Total Stockholders' Equity	1.3B	1.2B	1B	972.5M	891.9M	539.2M	516.3M	386.6M	364.2M	275.9M	109.5M	111M	104.9M	77.3M	76M	65.6M
Total Equity	1.3B	1.2B	1B	972.5M	891.9M	539.2M	517M	387.4M	364.9M	276.4M	109.7M	111.1M	104.9M	77.4M	76.2M	65.7M
Minority Interest	0.0	0.0	0.0	0.0	0.0	0.0	728K	743K	701K	418K	186K	59K	17K	45K	190.7K	46.2K
SUMMARY
Total Liabilities & Equity	9.2B	8.8B	8.5B	8.8B	7.7B	4.6B	3.6B	3.1B	2.9B	2.3B	1.2B	1.2B	1.2B	745.3M	678.2M	674.8M
Total Investments	7.7B	7.4B	7.1B	7.8B	6.4B	3.3B	3B	2.6B	2.5B	1.9B	1.1B	1.1B	975.1M	613.9M	94.2M	47.1M
Total Debt	134.9M	161.4M	166.9M	542.3M	216.9M	53.9M	67.6M	77.3M	78M	37.6M	39.8M	33.5M	51.7M	45.4M	45.7M	46.2M
Net Debt	-525.4M	-375.6M	-330.9M	375.1M	-400.3M	-778.5M	-133.7M	-173.2M	-77.9M	-94.7M	-46.3M	-44M	-96.2M	-36.1M	45.7M	46.2M
Shares Outstanding	14,798,920	14,798,920	14,798,920	14,798,920	14,798,920	14,798,920	14,798,920	14,798,920	14,798,920	14,798,920	14,798,920	14,798,920	14,798,920	14,798,920	14,798,920	14,798,920

SEC Filings

NIC - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 18, 2026	May 18, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 06, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 21, 2026	April 21, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 24, 2026	May 18, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 27, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 20, 2026	February 13, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 26, 2026	January 20, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 20, 2026	January 20, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 22, 2025	December 22, 2025	2025	View Filing
S-4/A S-4/A (Amended) N/A	December 17, 2025	December 17, 2025		View Filing

Showing 1 to 10 of 236 filings

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