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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) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Nicolet Bankshares Inc. (NIC) trades at a P/B ratio of 1.6×. Over the past ten years it has ranged from 0.8× (May 2023) to 1.9× (February 2026); the current reading is higher than 94% of that period. That is above the Banks Regional industry median of 1.2× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.4× 7.33%
FY2024 1.3× 17.38%
FY2023 1.1× 1.67%
FY2022 1.1× 9.28%
FY2021 1.0× (18.85%)
FY2020 1.3× (6.87%)
FY2019 1.4× 12.47%
FY2018 1.2× (12.25%)
FY2017 1.4× 11.15%
FY2016 1.2× (4.63%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.5× (1.09%)
Jun 2026 1.5× 28.62%
Mar 2026 1.2× (16.90%)
Dec 2025 1.4× (12.03%)
43 more quarters

Against its own ten years

Low 0.8× High 1.9×
Ten-year median 1.3×
Current reading's percentile 94

P/B ratio against peers

Company P/B ratio
BMA Macro Bank Inc. compare 0.8×
RNST Renasant Corporation compare 0.9×
WSBC WesBanco, Inc. compare 1.0×
TOWN Towne Bank compare 1.1×
FIBK First Interstate BancSystem, Inc. compare 1.1×
FFBC First Financial Bancorp. compare 1.2×
NIC Nicolet Bankshares Inc. 1.6×
CBU Community Financial System, Inc. compare 1.7×
BANF BancFirst Corporation compare 2.0×
Banks Regional industry median 1.2×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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