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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/E ratio

Alert me on P/E ratio

As of 5 November 2026, Nicolet Bankshares Inc. (NIC) trades at a P/E ratio of 18.7×. Over the past ten years it has ranged from 8.4× (May 2020) to 21.7× (June 2017); the current reading is higher than 90% of that period. That is above the Banks Regional industry median of 12.0× and above the Financial sector median of 12.2×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 12.0× (5.50%)
FY2024 12.7× (34.39%)
FY2023 19.4× 66.76%
FY2022 11.6× (22.42%)
FY2021 15.0× 31.95%
FY2020 11.4× (11.54%)
FY2019 12.9× 12.31%
FY2018 11.5× (25.06%)
FY2017 15.3× (22.11%)
FY2016 19.6× 78.15%

Quarterly newest first

Period P/E ratio Change
Sep 2026 17.6× (3.88%)
Jun 2026 18.3× 7.84%
Mar 2026 17.0× 40.85%
Dec 2025 12.0× (14.02%)
43 more quarters

Against its own ten years

Low 8.4× High 21.7×
Ten-year median 13.9×
Current reading's percentile 90

P/E ratio against peers

Company P/E ratio
TOWN Towne Bank compare 10.2×
RNST Renasant Corporation compare 11.0×
WSBC WesBanco, Inc. compare 11.0×
FFBC First Financial Bancorp. compare 11.3×
FIBK First Interstate BancSystem, Inc. compare 11.8×
BMA Macro Bank Inc. compare 12.2×
CBU Community Financial System, Inc. compare 14.7×
BANF BancFirst Corporation compare 15.0×
NIC Nicolet Bankshares Inc. 18.7×
Banks Regional industry median 12.0×
Financial sector median 12.2×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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