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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) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Nicolet Bankshares Inc. (NIC) trades at a price to free cash flow of 18.3×. Over the past ten years it has ranged from 6.0× (December 2015) to 56.7× (December 2016); the current reading is higher than 91% of that period. That is above the Banks Regional industry median of 10.6× and above the Financial sector median of 9.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 11.9× (11.31%)
FY2024 13.5× 15.16%
FY2023 11.7× 12.07%
FY2022 10.4× (0.73%)
FY2021 10.5× 4.88%
FY2020 10.0× (23.09%)
FY2019 13.0× 37.23%
FY2018 9.5× (24.02%)
FY2017 12.5× (17.38%)
FY2016 15.1× 112.41%

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 17.2× (11.72%)
Jun 2026 19.5× (9.28%)
Mar 2026 21.5× 80.20%
Dec 2025 11.9× (8.05%)
43 more quarters

Against its own ten years

Low 6.0× High 56.7×
Ten-year median 11.8×
Current reading's percentile 91

Price to free cash flow against peers

Company Price to free cash flow
BMA Macro Bank Inc. compare 3.3×
FFBC First Financial Bancorp. compare 4.6×
RNST Renasant Corporation compare 8.2×
WSBC WesBanco, Inc. compare 9.8×
CBU Community Financial System, Inc. compare 13.8×
FIBK First Interstate BancSystem, Inc. compare 15.2×
BANF BancFirst Corporation compare 15.7×
NIC Nicolet Bankshares Inc. 18.3×
TOWN Towne Bank compare 25.5×
Banks Regional industry median 10.6×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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