Stock AnalizNicolet Bankshares Inc. NIC
Major Banks · IPO 2022 · data as of November 13, 2026
Nicolet Bankshares Inc. (NIC) is a financial company listed in the US with a market value of about $3.6B. In the twelve months to September 30, 2026 it had revenue of $591M and net income of $176M, a net margin of 29.8%.
Its overall Stock Analiz score is 3.0 out of 5 (average). The strongest part is shareholder returns (4/5); the weakest is value (2/5).
Key numbers: a P/E of 19.3, a price to free cash flow of 18.5, 5-year revenue growth of 15% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 71% below the current price.
Score: 3.0 / 5
Checks passed
- P/E below 25
- P/FCF below 20
- Revenue growth above 10% last year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- Profitable 5 years in a row
Checks not passed
- P/E below the industry median
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year revenue growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year average ROIC above 12%
- ROE above 15%
- Interest covered more than 5 times
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $591M | $392M | $350M | $277M | $298M | $225M | $192M | $169M | $146M | $133M | $95M |
| Net income | $176M | $151M | $124M | $62M | $94M | $61M | $60M | $55M | $41M | $33M | $18M |
| Free cash flow | $195M | $149M | $117M | $89M | $105M | $85M | $68M | $54M | $47M | $37M | $21M |
| EPS (diluted) | $9.03 | $9.78 | $8.05 | $4.08 | $6.56 | $5.44 | $5.70 | $5.52 | $4.12 | $3.33 | $2.37 |
| Net margin | 29.8% | 38.4% | 35.4% | 22.2% | 31.6% | 26.9% | 31.3% | 32.2% | 28.1% | 24.9% | 19.5% |
| ROIC | — | — | — | — | — | — | — | — | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 5 analysts is $195.20, 12% above the current price; targets range from $190.00 to $200.00; the consensus rating is “Buy”; expected EPS is $12.18 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Nicolet Bankshares’s P/E ratio?
About 19.3, based on the last twelve months of diluted earnings per share (forward P/E about 13.1).
Is Nicolet Bankshares stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 71% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Nicolet Bankshares pay a dividend?
Yes. The dividend yield is about 0.82%, and it has paid dividends for 3 years in our data.
Is Nicolet Bankshares a good stock to buy?
We do not give buy or sell advice. Nicolet Bankshares scores 3.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.