NIC
Nicolet Bankshares Inc.
NYSE: NIC · FINANCIAL SERVICES · BANKS - REGIONAL
$144.33
-2.86% today
Updated 2026-04-29
Market cap
$3.08B
P/E ratio
16.96
P/S ratio
7.18x
EPS (TTM)
$8.51
Dividend yield
0.86%
52W range
$114 – $163
Volume
0.2M
Nicolet Bankshares Inc. (NIC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.39M | $38.27M | $39.54M | $57.02M | $63.13M | $66.31M | $102.14M | $143.34M | $164.96M | $192.41M | $213.10M | $239.05M | $332.07M | $416.85M | $519.42M | $552.61M |
| Revenue growth (YoY) | — | -5.2% | +3.3% | +44.2% | +10.7% | +5.0% | +54.0% | +40.3% | +15.1% | +16.6% | +10.8% | +12.2% | +38.9% | +25.5% | +24.6% | +6.4% |
| Cost of revenue | $19.79M | $14.98M | $10.86M | $12.49M | $9.77M | $9.01M | $9.13M | $12.84M | $20.49M | $23.71M | $30.16M | $28.50M | $45.46M | $144.00M | $174.15M | $168.73M |
| Gross profit | $20.60M | $23.29M | $28.68M | $44.52M | $53.37M | $57.29M | $93.01M | $130.50M | $144.47M | $168.69M | $182.93M | $210.55M | $286.62M | $272.86M | $345.27M | $383.88M |
| Gross margin | 51.0% | 60.9% | 72.5% | 78.1% | 84.5% | 86.4% | 91.1% | 91.0% | 87.6% | 87.7% | 85.8% | 88.1% | 86.3% | 65.5% | 66.5% | 69.5% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $13.91M | $15.74M | $17.05M | $25.14M | $27.63M | $28.95M | $43.89M | $57.87M | $64.31M | $70.07M | $57.83M | $72.65M | $90.63M | $103.11M | $112.42M | $151.94M |
| Operating income | $1.28M | $1.85M | $4.62M | $20.01M | $14.66M | $17.64M | $28.07M | $49.70M | $54.80M | $71.10M | $80.94M | $81.12M | $125.74M | $86.63M | $155.13M | $186.96M |
| Operating margin | 3.2% | 4.8% | 11.7% | 35.1% | 23.2% | 26.6% | 27.5% | 34.7% | 33.2% | 37.0% | 38.0% | 33.9% | 37.9% | 20.8% | 29.9% | 33.8% |
| EBITDA | $1.61M | $2.59M | $7.04M | $23.42M | $18.51M | $20.97M | $33.20M | $56.77M | $61.08M | $78.76M | $91.63M | $94.98M | $147.67M | $105.03M | $172.08M | $186.96M |
| EBITDA margin | 4.0% | 6.8% | 17.8% | 41.1% | 29.3% | 31.6% | 32.5% | 39.6% | 37.0% | 40.9% | 43.0% | 39.7% | 44.5% | 25.2% | 33.1% | 33.8% |
| EBIT | $1.28M | $1.85M | $4.62M | $20.01M | $14.66M | $17.64M | $28.07M | $49.70M | $54.80M | $71.45M | $80.94M | $81.12M | $125.74M | $86.63M | $155.13M | — |
| Interest expense | $1.94M | $1.87M | $6.53M | $6.29M | $7.07M | $7.21M | $7.33M | $10.51M | $18.89M | $22.51M | $19.86M | $13.60M | $33.96M | $141.35M | $170.30M | $164.48M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $1.11M | $1.49M | $3.04M | $16.14M | $9.95M | $11.43M | $18.46M | $33.15M | $41.04M | $54.64M | $60.12M | $60.65M | $94.26M | $61.52M | $124.06M | $150.69M |
| Net income growth (YoY) | — | +34.2% | +103.7% | +431.7% | -38.4% | +14.9% | +61.6% | +79.6% | +23.8% | +33.2% | +10.0% | +0.9% | +55.4% | -34.7% | +101.7% | +21.5% |
| Profit margin | 2.7% | 3.9% | 7.7% | 28.3% | 15.8% | 17.2% | 18.1% | 23.1% | 24.9% | 28.4% | 28.2% | 25.4% | 28.4% | 14.8% | 23.9% | 27.3% |