# Nicolet Bankshares Inc. (NIC)

**Exchange:** NYSE  
**Sector:** Financial Services  
**Market cap:** $2.29B  
**Price:** $148.55 (+0.90%)

> Nicolet Bankshares Inc. is a prominent bank holding company that operates primarily in the financial services sector. The company plays a crucial role in providing a range of banking products and services, catering to personal, business, and commercial banking needs. With its subsidiaries, Nicolet National Bank serves as a pillar in its local market by offering traditional deposit accounts, lending products such as mortgages and commercial loans, and wealth management services. 

Nicolet Bankshares Inc. places a strong emphasis on community involvement, often supporting regional development initiatives and fostering economic growth in the areas it serves. It is known for its customer-centric approach, leveraging personalized services to build strong relationships with its clientele. The company has a significant presence in the Midwest, particularly in Wisconsin and the Upper Peninsula of Michigan, and is committed to delivering innovative financial solutions while maintaining a robust focus on trust and integrity. Through strategic acquisitions and organic growth, Nicolet Bankshares Inc. strengthens its position and influence within the banking industry.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | — | — | — | $151M | $9.78 |
| 2024 | — | — | — | $124M | $8.05 |
| 2023 | — | — | — | $62M | $4.08 |
| 2022 | — | — | — | $94M | $6.56 |
| 2021 | — | — | — | $61M | $5.44 |
| 2020 | — | — | — | $60M | $5.70 |
| 2019 | — | — | — | $55M | $5.52 |
| 2018 | — | — | — | $41M | $4.12 |
| 2017 | — | — | — | $33M | $3.33 |
| 2016 | — | — | — | $18M | $2.37 |
| 2015 | — | — | — | $11M | $2.57 |
| 2014 | — | — | — | $10M | $2.25 |
| 2013 | — | — | — | $16M | $3.80 |
| 2012 | — | — | — | $3M | $0.53 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $9.19B | $7.93B | $1.26B | $660M | $135M |
| 2024 | $8.80B | $7.62B | $1.17B | $536M | $161M |
| 2023 | $8.47B | $7.43B | $1.04B | $491M | $167M |
| 2022 | $8.76B | $7.79B | $973M | $155M | $225M |
| 2021 | $7.70B | $6.80B | $892M | $595M | $217M |
| 2020 | $4.55B | $4.01B | $539M | $803M | $54M |
| 2019 | $3.58B | $3.06B | $517M | $182M | $68M |
| 2018 | $3.10B | $2.71B | $387M | $250M | $77M |
| 2017 | $2.93B | $2.57B | $365M | $155M | $37M |
| 2016 | $2.30B | $2.02B | $276M | $129M | $1M |
| 2015 | $1.21B | $1.10B | $110M | $84M | — |
| 2014 | $1.22B | $1.10B | $111M | $69M | — |
| 2013 | $1.20B | $1.09B | $105M | $147M | — |
| 2012 | $745M | $668M | $77M | $82M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | — | $4M | $149M |
| 2024 | — | $17M | $117M |
| 2023 | — | $19M | $89M |
| 2022 | — | $12M | $105M |
| 2021 | — | $13M | $85M |
| 2020 | — | $11M | $68M |
| 2019 | — | $4M | $54M |
| 2018 | — | $4M | $47M |
| 2017 | — | $4M | $37M |
| 2016 | — | $4M | $21M |
| 2015 | — | $1M | $14M |
| 2014 | — | $6M | $5M |
| 2013 | — | $3M | $17M |
| 2012 | — | $2M | $13M |

Source: [DividendWall](https://dividendwall.com/company/NIC)