NIC - NYSE
Nicolet Bankshares, Inc.
$131.86
-3.7%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.
At a Glance
Live SnapshotNicolet Bankshares, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Working Capital Impact
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Cash Flow Quality Insight
Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.
Nicolet Bankshares, Inc. Cash Flow Statement
NIC • NYSE
| Nicolet Bankshares, Inc. Cash Flow Statement | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||
150.7M | 124.1M | 61.5M | 94.3M | 60.7M | 60.5M | 55M | 41.4M | 33.4M | 18.7M | 11.6M | 10.1M | 16.2M | 3.1M | |
15M | 17M | 18.4M | 21.9M | 13.9M | 10.7M | 7.3M | 6.3M | 7.1M | 5.1M | 3.3M | 3.8M | 3.4M | 2.4M | |
-4.6M | 7.4M | 3M | -12.9M | 6.3M | 3.1M | -2.7M | -1.5M | 7M | 3M | 1.6M | 68K | 2.6M | -273K | |
7.3M | 6.6M | 6.4M | 7M | 7.3M | 5.7M | 5M | 4.9M | 3.1M | 1.6M | 1.2M | 959K | 709K | 511K | |
-12.7M | -12M | 29.2M | 7.3M | 19M | -13.8M | -12.6M | 398K | -3.1M | -1.9M | 1.5M | -4.6M | -2.4M | 7.2M | |
(39.2M) | (25.3M) | (23M) | (33.6M) | (24.3M) | (22M) | (16.1M) | (10.8M) | (12.8M) | (7.2M) | (2.9M) | (3.5M) | (2.4M) | (930K) | |
-2.2M | -9.2M | -10.6M | -210K | -9.5M | 12.7M | 6.1M | -424K | -6.7M | -1.7M | -4.2M | 672K | -341K | 2M | |
153.5M | 133.7M | 108M | 117.4M | 97.7M | 78.9M | 58.1M | 51M | 40.7M | 24.8M | 15.1M | 11M | 20.2M | 14.9M | |
INVESTING ACTIVITIES | ||||||||||||||
-4.1M | -16.5M | -18.2M | -12.2M | -12.8M | -10.8M | -4.4M | -4.3M | -2M | -4M | -1.2M | -5.8M | -3M | -1.9M | |
(0.0) | (0.0) | (0.0) | (119.6M) | (367.8M) | -21.8M | (7.3M) | (0.0) | (9.1M) | (66.5M) | -19.9M | (0.0) | (37.6M) | (0.0) | |
-145.3M | -111.7M | -73.2M | -90.1M | -883.1M | -174.9M | -98.3M | -78.1M | -66.4M | -85.9M | -41.5M | -60.1M | -14.4M | -17.4M | |
122.6M | 113.6M | 833.1M | 173.9M | 220.2M | 113.9M | 94.5M | 72.8M | 65M | 67.1M | 36.1M | 21.8M | 68.2M | 18.7M | |
-204M | -273.8M | -150.2M | -707.6M | -62.7M | -115.1M | -62.3M | -67.5M | -156.7M | 7.8M | 4.8M | -46.9M | -12M | -86.2M | |
-230.7M | -288.4M | (591.5M) | -516.4M | -370.6M | -208.7M | -63.2M | -77.1M | -151M | (51.4M) | -21.6M | -91M | (76.4M) | -86.9M | |
FINANCING ACTIVITIES | ||||||||||||||
-79.6M | -9.6M | -677K | -60.7M | -60.2M | -40M | -19.7M | -20.9M | -11M | -3.3M | -2.7M | -4.9M | 3.4M | -1.3M | |
-27.4M | -5.2M | -376M | 164.1M | -84M | -16.2M | -91.5M | -1.3M | 20.5M | -105.6M | 6.1M | -18.4M | -64.3M | -315K | |
-18.7M | -16.5M | -11.1M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -633K | -633K | -212K | -244K | -1.2M | -1.2M | |
-89.3M | -10.1M | -1.5M | -61.5M | -62.6M | -42.1M | -28.5M | -22.7M | -15M | -17.4M | -16.6M | -5.8M | -92K | -1.3M | |
327.1M | 230.6M | 25.1M | -145M | 209.6M | 806.9M | 48.7M | 142.9M | 126.6M | 91M | 30.5M | 25.1M | 30.6M | 64.7M | |
201.4M | 199.3M | -362.7M | -41.6M | 65.4M | 750.6M | -62.5M | 120.7M | 136.1M | -30.8M | 21.5M | 1.6M | -31.6M | 61.8M | |
CASH FLOW SUMMARY | ||||||||||||||
124.2M | 44.6M | 336.7M | -440.6M | -207.6M | 620.8M | -67.5M | 94.6M | 25.8M | 45.5M | 14.9M | -78.3M | 65M | -10.1M | |
536M | 491.4M | 154.7M | 595.3M | 802.9M | 182.1M | 249.5M | 154.9M | 129.1M | 83.6M | 68.7M | 147M | 82M | 92.1M | |
660.2M | 536M | 491.4M | 154.7M | 595.3M | 802.9M | 182.1M | 249.5M | 154.9M | 129.1M | 83.6M | 68.7M | 147M | 82M | |
149.4M | 117.2M | 89.8M | 105.2M | 84.9M | 68.1M | 53.7M | 46.7M | 38.7M | 20.8M | 13.9M | 5.3M | 17.1M | 13M |
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 | |
10-Q 10-Q 2026 Q1 Q1 | May 06, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 21, 2026 | April 21, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 24, 2026 | May 18, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 27, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 20, 2026 | February 13, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 26, 2026 | January 20, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 20, 2026 | January 20, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 22, 2025 | December 22, 2025 | 2025 | |
S-4/A S-4/A (Amended) N/A | December 17, 2025 | December 17, 2025 |
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