Nicolet Bankshares, Inc.

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.

At a Glance

Live Snapshot
Market Cap$2.07B
EPS10.0600
P/E Ratio13.11
Earnings Date07/21/2026
3Y+66.0%
5Y+159.0%
10Y+441.0%
3Y+60.0%
5Y+151.0%
10Y+716.0%
3Y+31.0%
5Y+95.0%
10Y+519.0%
Nicolet Bankshares, Inc.

Nicolet Bankshares, Inc. Profit Bridge

NIC · NYSE
Revenue552.61M
Cost of Goods Sold (168.73M)
Gross Profit383.88M
Operating Expenses (196.92M)
Operating Income186.96M
Interest Expense (164.48M)
Other Income/Expense0.00
Pretax Income186.96M
Income Tax (36.27M)
Net Income150.69M
Net Income
150.69M

Profitability Analysis

Gross Margin

69.5%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

33.8%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

27.3%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

19.4%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

Nicolet Bankshares, Inc. Income Statement

NIC • NYSE

Nicolet Bankshares, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
REVENUE
552.6M
519.4M
416.9M
332.1M
239.1M
213.1M
192.4M
165M
143.3M
102.1M
66.3M
63.1M
57M
39.5M
38.3M
40.4M
GROSS PROFIT
(168.7M)
(174.2M)
(144M)
(45.5M)
(28.5M)
(30.2M)
(23.7M)
(20.5M)
(12.8M)
(9.1M)
(9M)
(9.8M)
(12.5M)
(10.9M)
(38.3M)
(40.4M)
383.9M
345.3M
272.9M
286.6M
210.5M
182.9M
169.9M
144.5M
130.5M
93M
57.3M
53.4M
44.5M
28.7M
0.0
0.0
OPERATING INCOME
(196.9M)
(190.1M)
(186.2M)
(160.9M)
(129.4M)
(102M)
(97.2M)
(89.7M)
(80.8M)
(64.9M)
(39.6M)
(38.7M)
(24.5M)
(24.1M)
(5.7M)
(5.4M)
(151.9M)
(120.7M)
(110.9M)
(99.1M)
(78.1M)
(63.2M)
(70.1M)
(64.3M)
(57.9M)
(43.9M)
(28.9M)
(27.6M)
(25.1M)
(17.1M)
(11.4M)
(10.8M)
187M
155.1M
86.6M
125.7M
81.1M
80.9M
71.1M
54.8M
49.7M
28.1M
17.6M
14.7M
20M
4.6M
1.8M
1.3M
PRE-TAX INCOME
(164.5M)
(170.3M)
(141.3M)
(34M)
(13.6M)
(19.9M)
(22.5M)
(18.9M)
(10.5M)
(7.3M)
(7.2M)
(7.1M)
(6.3M)
(6.5M)
(1.9M)
(1.9M)
306.5M
268.1M
241.5M
240M
158M
129.3M
116.1M
106.6M
98.7M
68.1M
41.4M
41.9M
36.9M
22.3M
-1.9M
-1.9M
(45M)
(69.4M)
(75.3M)
(61.8M)
(51.4M)
(38.8M)
(26.6M)
(25.4M)
(22.9M)
(21.1M)
(10.7M)
(11.1M)
-624K
(7M)
-5.7M
-5.4M
187M
155.1M
86.6M
125.7M
81.1M
80.9M
71.4M
54.8M
49.7M
28.1M
17.6M
14.7M
20M
4.6M
1.8M
1.3M
NET INCOME
(36.3M)
(31.1M)
(25.1M)
(31.5M)
(20.5M)
(20.5M)
(16.5M)
(13.4M)
(16.3M)
(9.4M)
(6.1M)
(4.6M)
(3.8M)
(1.5M)
(318.4K)
(136.3K)
150.7M
124.1M
61.5M
94.3M
60.7M
60.1M
54.6M
41M
33.2M
18.5M
11.4M
9.9M
16.1M
3M
1.5M
1.1M

SEC Filings

NIC - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
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
 
Showing 1 to 10 of 236 filings