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Friday 6 November 2026 Export NIC’s income statement to Excel — free account

Nicolet Bankshares Inc.

NIC Financial Banks Regional

Nicolet Bankshares Inc.’s revenue for fiscal 2025 (year ended December 2025) was $556.5 million, up 6.89% from fiscal 2024.

Revenue
+61.6%
EPS
+8.19%
Free cash flow
+40.2%
Total debt
−31.1%

Quarter to September 2026, against a year earlier

172.90 2.34 −1.34%
Market cap
$3.6B
P/E
18.7×
Fwd P/E
17.7×
Dividend yield
—
F-score
9/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Nicolet Bankshares Inc. (NIC) Debt to equity

Alert me on Debt to equity

Nicolet Bankshares Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.0×, down 0.1× from fiscal 2025 (0.1×). Over the past ten years it has ranged from 0.1× (fiscal 2016) to 0.2× (fiscal 2021); the current reading is higher than 27% of that period. That is below the Banks Regional industry median of 0.2× and below the Financial sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.1× (22.09%)
FY2024 0.1× (14.37%)
FY2023 0.2× (30.64%)
FY2022 0.2× (4.73%)
FY2021 0.2× 143.44%
FY2020 0.1× (23.62%)
FY2019 0.1× (34.47%)
FY2018 0.2× (6.69%)
FY2017 0.2× 138.99%
FY2016 0.1× (21.63%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.0× 1.72%
Jun 2026 0.0× (48.81%)
Mar 2026 0.1× (25.65%)
Dec 2025 0.1× (3.25%)
43 more quarters

Against its own ten years

Low 0.1× High 0.2×
Ten-year median 0.1×
Current reading's percentile 27

Debt to equity against peers

Company Debt to equity
NIC Nicolet Bankshares Inc. 0.0×
TOWN Towne Bank compare 0.0×
BANF BancFirst Corporation compare 0.0×
FIBK First Interstate BancSystem, Inc. compare 0.1×
RNST Renasant Corporation compare 0.2×
CBU Community Financial System, Inc. compare 0.2×
BMA Macro Bank Inc. compare 0.3×
FFBC First Financial Bancorp. compare 0.3×
WSBC WesBanco, Inc. compare 0.6×
Banks Regional industry median 0.2×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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