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) Return on invested capital

Alert me on Return on invested capital

Nicolet Bankshares Inc.'s return on invested capital over the twelve months to 30 September 2026 was 9.55%, down 6.6 percentage points from fiscal 2025 (16.1%). Over the past ten years it has ranged from 0.00% (fiscal 2020) to 31.4% (fiscal 2015); the current reading is higher than 91% of that period. That is above the Banks Regional industry median of 8.45% and above the Financial sector median of 4.70%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 16.1% 3.97
FY2024 12.2% 4.49
FY2023 7.66% (0.07)
FY2022 7.73% (3.30)
FY2021 11.0% 11.03
FY2020 0.00% (11.67)
FY2019 11.7% (4.32)
FY2018 16.0% 5.14
FY2017 10.9% 0.41
FY2016 10.4% (20.91)

Against its own ten years

Low 0.00% High 31.4%
Ten-year median 11.0%
Current reading's percentile 91

Return on invested capital against peers

Company Return on invested capital
TOWN Towne Bank compare 19.6%
FIBK First Interstate BancSystem, Inc. compare 11.6%
NIC Nicolet Bankshares Inc. 9.55%
CBU Community Financial System, Inc. compare 9.50%
BMA Macro Bank Inc. compare 8.33%
FFBC First Financial Bancorp. compare 7.45%
RNST Renasant Corporation compare 6.91%
WSBC WesBanco, Inc. compare 5.43%
BANF BancFirst Corporation compare 0.00%
Banks Regional industry median 8.45%
Financial sector median 4.70%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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