Nicolet Bankshares, Inc.
NICFinancial ServicesNASDAQBanks - Regional · Last scanned Jul 18, 2026
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Daily timeframeNicolet 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. With a market capitalization of $3.61B, it sits in mid-cap territory. The company accepts demand deposits, checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts.
Market Cap
$3.61B
Beta
0.65
P/E (TTM)
19.95
P/E (Fwd)
12.85
EPS (TTM)
$8.51
EPS (Fwd)
$13.21
ROE
7.8%
ROA
1.1%
Cash
$605.5M
Total Debt
$180.0M
Free CF
—
52W Change
21.1%
Annual Financials
Cash vs Debt
With $605.5M in cash and $180.0M in debt, NIC maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. ROE of 7.8% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.1% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $298.1M (2022) to $392.0M (2025), reflecting a 31% increase over the period.
With a beta below 0.7, Nicolet Bankshares, Inc. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. With cash comfortably exceeding debt, NIC has financial flexibility that may help navigate uncertain periods. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Nicolet Bankshares, Inc.'s trajectory.