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) Net margin

Alert me on Net margin

Nicolet Bankshares Inc.'s net margin over the twelve months to 30 September 2026 was 22.1%, down 5.0 percentage points from fiscal 2025 (27.1%). Over the past ten years it has ranged from 14.7% (fiscal 2023) to 28.5% (fiscal 2019); the current reading is higher than 73% of that period. That is above the Banks Regional industry median of 18.8% and above the Financial sector median of 14.3%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 27.1% 3.25
FY2024 23.8% 9.14
FY2023 14.7% (13.72)
FY2022 28.4% 3.02
FY2021 25.4% (2.99)
FY2020 28.4% (0.09)
FY2019 28.5% 3.61
FY2018 24.9% 1.82
FY2017 23.0% 5.58
FY2016 17.5% 0.54

Quarterly newest first

Period Net margin Change (points)
Sep 2026 27.4% 3.41
Jun 2026 24.0% 15.71
Mar 2026 8.28% (19.85)
Dec 2025 28.1% (0.86)
43 more quarters

Against its own ten years

Low 14.7% High 28.5%
Ten-year median 24.9%
Current reading's percentile 35

Net margin against peers

Company Net margin
BANF BancFirst Corporation compare 32.4%
FIBK First Interstate BancSystem, Inc. compare 23.3%
TOWN Towne Bank compare 22.3%
NIC Nicolet Bankshares Inc. 22.1%
WSBC WesBanco, Inc. compare 22.0%
CBU Community Financial System, Inc. compare 22.0%
RNST Renasant Corporation compare 21.2%
FFBC First Financial Bancorp. compare 20.8%
BMA Macro Bank Inc. compare 6.18%
Banks Regional industry median 18.8%
Financial sector median 14.3%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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