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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

173.41 0.61 +0.35%
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/S ratio

Alert me on P/S ratio

As of 5 November 2026, Nicolet Bankshares Inc. (NIC) trades at a P/S ratio of 4.5×. Over the past ten years it has ranged from 1.7× (January 2015) to 5.4× (August 2026); the current reading is higher than 96% of that period. That is above the Banks Regional industry median of 2.4× and above the Financial sector median of 2.3×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 3.3× 7.67%
FY2024 3.0× 6.59%
FY2023 2.8× (13.94%)
FY2022 3.3× (14.20%)
FY2021 3.9× 19.00%
FY2020 3.2× (11.99%)
FY2019 3.7× 29.06%
FY2018 2.9× (18.79%)
FY2017 3.5× 4.17%
FY2016 3.4× 75.52%

Quarterly newest first

Period P/S ratio Change
Sep 2026 4.3× (13.53%)
Jun 2026 5.0× 11.36%
Mar 2026 4.4× 36.26%
Dec 2025 3.3× (10.52%)
43 more quarters

Against its own ten years

Low 1.7× High 5.4×
Ten-year median 3.4×
Current reading's percentile 96

P/S ratio against peers

Company P/S ratio
BMA Macro Bank Inc. compare 0.8×
RNST Renasant Corporation compare 2.3×
TOWN Towne Bank compare 2.4×
FFBC First Financial Bancorp. compare 2.4×
WSBC WesBanco, Inc. compare 2.4×
FIBK First Interstate BancSystem, Inc. compare 2.7×
CBU Community Financial System, Inc. compare 3.2×
NIC Nicolet Bankshares Inc. 4.5×
BANF BancFirst Corporation compare 4.9×
Banks Regional industry median 2.4×
Financial sector median 2.3×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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