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Nicolet Bankshares Inc. logo

Nicolet Bankshares Inc.

NIC

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Nicolet Bankshares, Inc. (individually referred to herein as the Parent Company and together with all its subsidiaries collectively referred to herein as Nicolet, the Company, we, us or our ) is a registered bank and financial holding company under the Bank Holding Company Act of 1956, as amended (the Bank Holding Company Act ), and under the bank holding company laws of the State of Wisconsin.…

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$3.57B
EPS$9.02
P/E19.02
Div. Yield0.76%
Net Margin–
P/Book1.6x
Nicolet Bankshares Inc. intrinsic value
52-Week Range
$119.77$179.02

Profitability & Returns

Revenue

N/A

Net Income (TTM)

$176M

▲ +21.5% YoY

Net Margin

–

P/E

19.02

Balance Sheet

Total Assets

$15.06B

Equity

$2.23B

Total Debt

$93M

Cash & Equiv.

$511M

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Peers

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Held by ETFs

NIC is in 71 US ETFs. The largest of them, with NIC's weight in each:

Nicolet Bankshares (NIC) in four numbers

Fair value (book value)
$187.81
Price $171.56 is 9% below it.
Intrinsic Value
Quality score
54/100
Best check: book value growth, 15.3%. Weakest: share count change, 49.9%.
Quality
Dividend (TTM)
$1.36
0.76% yield, raised at least 2 years in a row.
Dividends
P/E
19.02
Price to free cash flow 18.26.
Financials

Questions about Nicolet Bankshares

Is Nicolet Bankshares (NIC) overvalued?

At $171.56, Nicolet Bankshares' price is 9% below the $187.81 a share fair value that Intrinsiqq's calculator gets from its book value. It trades at 19.02 times earnings and 18.26 times free cash flow. The growth behind that figure is yours to set on the Intrinsic Value tab. See how to tell if a stock is overvalued.

What is Nicolet Bankshares' fair value?

Intrinsiqq's calculator puts Nicolet Bankshares' fair value at $187.81 a share. It grows book value per share 9.8% a year for 5 years, applies an exit P/B of 1.7, and works back at a 10% yearly return. A 25% margin of safety gives a buy-below price of $140.86. Every input can be changed on the Intrinsic Value tab.

Is Nicolet Bankshares a high-quality business?

Nicolet Bankshares scores 54 out of 100 on Intrinsiqq's quality score, which makes it a mixed business on these measures. The score blends 6 checks computed from SEC filings. Its best check is book value growth at 15.3%, and its weakest is share count change at 49.9%. The Quality tab shows every check against its target.

Does Nicolet Bankshares (NIC) pay a dividend, and how much?

Yes. Nicolet Bankshares (NIC) pays a dividend: $1.36 per share over the last twelve months, a dividend yield of 0.76% at the latest close. It has raised its dividend per share for at least 2 years in a row, growing at 28.6% a year over the last 2 years. The payout takes about 15.3% of earnings.

Source: 10-Q filed 29 Oct 2026 (period ending 30 Sept 2026), SEC. Price: last close 30 Oct 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.

Spot a number that looks wrong? Check it in NIC's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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