NYSE · Banks - Regional · USD

Nicolet Bankshares, Inc. (NIC) Stock Analysis

Nicolet Bankshares, Inc. (NIC) is a Banks - Regional stock listed on NYSE and quoted in US Dollar.

NIC

$172.12

+$1.25 (+0.73%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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NIC Key Statistics

As of Sep 4, 2026

Trading

Open: $170.02
Previous Close: $170.87
Day's Range: 167.53–172.48
52-Week Range: 114.12–180.00
Volume: 98.70K
Beta: 0.64

Valuation

Market Cap: $3.61B
P/E Ratio: 19.17
Forward P/E: 12.82
PEG Ratio: 1.92
P/S ratio: 7.07
EPS (ttm): 8.98

Financials (FY)

Revenue (FY): $392.00M+12.28%
Net Income (FY): $150.69M+21.46%
Profit margin: 30.21%
Shares Outstanding: 20.96M
1-Year Return: +26.00%

Dividend and dates

Dividend: $1.36+0.80%
Ex-Dividend Date: September 1, 2026
Earnings Date: October 20, 2026
Avg Volume: 277.89K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

NIC Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−10.85%+51.33%+42.56%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+42.56%
2025	+16.76%
2024	+31.91%
2023	+1.93%
2022	−6.95%
2021	+29.24%
2020	−10.16%
2019	+51.33%
2018	−10.85%
2017	+14.78%
2016 (partial year)	+29.59%

As of September 4, 2026.

NIC Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$392.00M	$150.69M	38.4%
2024	$349.12M	$124.06M	35.5%
2023	$275.51M	$61.52M	22.3%
2022	$298.12M	$94.26M	31.6%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$392.00M	—	—	$150.69M	38.4%
2024	$349.12M	—	—	$124.06M	35.5%
2023	$275.51M	—	—	$61.52M	22.3%
2022	$298.12M	—	—	$94.26M	31.6%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

NIC Dividend History

’23’24’25’26*

$1.24+13.8% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	$1.04	3	—
2025	$1.24	4	+13.8%
2024	$1.09	4	+45.3%
2023	$0.75	3	—

Most recent payment: $0.35 per share, ex-dividend September 1, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

NIC Valuation vs Banks - Regional Median

Median of 380 stocks

Metric	NIC	Banks - Regional median	vs median
P/E	19.17	12.62	52% above
P/S ratio	7.07	3.77	87% above
Profit margin	30.21%	29.15%	1.1 pts above

Medians across 380 Banks - Regional stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

Nicolet Bankshares, Inc. (NIC) is capitalised at $3.61B on the latest close. It is classified in the Banks - Regional industry, within the Financial Services sector. The company reports 1,429 employees.

The 52-week range on file runs from $114.12 to $180.00. NIC last closed at $172.12 on September 4, 2026. That is +$1.25 (+0.73%) against the previous close. The latest close sits 50.82% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $392.00M. Against the prior fiscal year total of $349.12M, that is a change of +12.28%. Net income for the same year was $150.69M. That is +21.46% against the prior fiscal year. The reported profit margin is 30.21%. That is 1.1 percentage points above the Banks - Regional median of 29.15%. Trailing earnings per share are 8.98.

Across the 4 fiscal years on file, revenue moves from $298.12M in 2022 to $392.00M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 19.17 times earnings. That is 51.9% above the Banks - Regional median of 12.62. On forward earnings the ratio is 12.82. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.92. Measured against sales, the shares trade at 7.07 times revenue. On price-to-sales that is 87.48% above the Banks - Regional median of 3.77. 380 Banks - Regional companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned +26.00%. Across 10 years the annualized return works out at +16.98%. Beta against the wider market is reported at 0.64. Daily returns over the trailing 10 years annualize to a volatility of 30.78%.

Growth & Income

The trailing dividend yield is 0.8%. That is 1.9 percentage points below the Banks - Regional median yield of 2.7%. At the indicated rate that is $1.36 a share a year. The ex-dividend date on file is September 1, 2026. Dividends are recorded for 4 calendar years; 2026 shows 3 payments totalling $1.04 a share. The year before, 2025, totalled $1.24 a share.

The strongest complete calendar year on file is 2019 at +51.33%; the weakest is 2018 at −10.85%. Of the 9 complete calendar years on file, 6 finished higher. So far in 2026 the price is +42.56%.

Peer Comparison

Nicolet Bankshares, Inc. (NIC) operates in the Banks - Regional industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Nicolet Bankshares, Inc.	NIC	$3.61B	19.2
Mizuho Financial Group, Inc.	MFG	$135.92B	16.0
HDFC Bank Limited	HDB	$119.10B	16.0
ICICI Bank Limited	IBN	$108.74B	18.7

The Banks - Regional industry average P/E ratio is 12.6x. Nicolet Bankshares, Inc. trades at a P/E of 19.2.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Nicolet Bankshares, Inc.

Nicolet Bankshares, Inc. operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota. The company accepts demand deposits, 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 loans; construction and land development loans; residential real estate loans, such as residential first lien and junior lien mortgages, home equity loans, 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. The company was formerly known as Green Bay Financial Corporation and changed its name to Nicolet Bankshares, Inc. in March 2002. The company was incorporated in 2000 and is headquartered in Green Bay, Wisconsin.

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