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

Nicolet Bankshares Inc. (NIC) Gross margin

Alert me on Gross margin

Nicolet Bankshares Inc.'s gross margin over the twelve months to 30 September 2026 was 74.2%, up 3.8 percentage points from fiscal 2025 (70.5%). Over the past ten years it has ranged from 66.3% (fiscal 2023) to 94.3% (fiscal 2021); the current reading is higher than 27% of that period. That is above the Banks Regional industry median of 69.8% and above the Financial sector median of 70.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 70.5% 3.16
FY2024 67.3% 1.04
FY2023 66.3% (23.52)
FY2022 89.8% (4.54)
FY2021 94.3% 3.69
FY2020 90.6% 2.35
FY2019 88.3% (0.29)
FY2018 88.6% (4.14)
FY2017 92.7% (0.12)
FY2016 92.8% 3.70

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 75.0% 0.07
Jun 2026 74.9% 1.45
Mar 2026 73.5% 0.94
Dec 2025 72.6% 1.08
43 more quarters

Against its own ten years

Low 66.3% High 94.3%
Ten-year median 89.1%
Current reading's percentile 30

Gross margin against peers

Company Gross margin
CBU Community Financial System, Inc. compare 82.8%
TOWN Towne Bank compare 79.3%
FIBK First Interstate BancSystem, Inc. compare 79.0%
BANF BancFirst Corporation compare 75.8%
NIC Nicolet Bankshares Inc. 74.2%
FFBC First Financial Bancorp. compare 74.0%
WSBC WesBanco, Inc. compare 70.2%
RNST Renasant Corporation compare 69.8%
BMA Macro Bank Inc. compare 67.8%
Banks Regional industry median 69.8%
Financial sector median 70.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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