Nicolet Bankshares Inc
Research Nicolet Bankshares Inc (NIC) on Bullrun: valuation model: 4.5% overvalued, market cap USD 3.60B, P/E 19.4, dividend yield 0.8%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNIC
- ExchangeNYSE
- CountryUnited States
- SectorFinancial Services
- IndustryBanks-Regional
- CurrencyUSD
- Valuation signal4.5% overvalued
- Market capUSD 3.60B
- P/E19.4
- Dividend yield0.8%
- Financial periodQ2 2026
- RevenueUSD 177.75M
- Net incomeUSD 56.90M
- Free cash flowUSD 89.27M
Valuation Snapshot
Bullrun's latest valuation model marks Nicolet Bankshares Inc as 4.5% overvalued; latest market cap is USD 3.60B; P/E is 19.4; dividend yield is 0.8%.
Peer valuation comparison
Latest P/E is 19.44x versus a Financial Services sector median of 13.84x (40.5% above).
Latest dividend yield is 0.77% versus a Financial Services sector median of 3.86% (80.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 392.00M | USD 150.69M | USD 149.44M | n/a | 9.78 | USD 660.23M | USD 134.86M | USD 1.26B |
| FY2024 | USD 349.12M | USD 124.06M | USD 116.83M | n/a | 8.05 | USD 536.05M | USD 161.39M | USD 1.17B |
| FY2023 | USD 277.85M | USD 61.52M | USD 89.41M | n/a | 4.08 | USD 491.43M | USD 166.93M | USD 1.04B |
| FY2022 | n/a | USD 94.26M | USD 105.16M | n/a | 6.56 | USD 154.72M | USD 542.34M | USD 972.53M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 3.60B | 19.4 | 0.8% | 1.32 |
| 2025 | 2025-12-31 | USD 1.80B | 12.4 | 1.0% | 1.24 |
| 2024 | 2024-12-31 | USD 1.61B | 13.1 | 1.0% | 1.09 |
| 2023 | 2023-12-29 | USD 1.19B | 20.8 | 0.9% | 0.75 |
| 2022 | 2022-12-30 | USD 1.17B | 13.4 | n/a | n/a |
| 2021 | 2021-12-31 | USD 1.20B | 15.6 | n/a | n/a |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.32 USD, yield 0.8%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.24 USD |
| FY2024 | 1.09 USD |
| FY2023 | 0.75 USD |
About Nicolet Bankshares Inc
Nicolet Bankshares, Inc. operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota. The company accepts demand deposits, checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts. It also offers commercial loans, including commercial, industrial, and business loans and lines of credit; commercial real estate loans;
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Frequently asked questions
Is Nicolet Bankshares Inc overvalued or undervalued?
Bullrun's valuation model currently marks Nicolet Bankshares Inc as 4.5% overvalued.
What is Nicolet Bankshares Inc's market cap?
Nicolet Bankshares Inc's market capitalization is USD 3.60B.
What is Nicolet Bankshares Inc's P/E ratio?
Nicolet Bankshares Inc's price-to-earnings (P/E) ratio is 19.4.
Does Nicolet Bankshares Inc pay a dividend?
Nicolet Bankshares Inc has a dividend yield of 0.8%.
What does Nicolet Bankshares Inc do?
Nicolet Bankshares, Inc. operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota. The company accepts demand deposits, checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts.