YOLFTbeta
Nicolet Bankshares Inc.

Nicolet Bankshares Inc.

NIC · NYSE · Financial Services / Banks - Regional

174.08USD-0.04 (-0.02%)

Price History

Full chart

Market Stats

Previous Close174.12
Open174.20
Day Range172.71 – 174.58
52-Week Range113.07 – 179.62
Volume83.70K
Market Cap3.53B
P/E (TTM)18.86
Forward P/E14.84
EPS8.93
Dividend Yield0.81%
Beta0.64
50-Day Avg171.24
200-Day Avg151.97

About

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; agricultural (AG) production and AG real estate loans; commercial real estate investment loans; construction and land development loans; residential real estate loans, such as residential first lien and junior lien mortgages, home equity loans, and residential construction loans; and consumer loans. In addition, the company provides cash management, international banking, personal brokerage, safe deposit boxes, and trust and fiduciary services, as well as wealth management and retirement plan services. Further, it offers mortgage refinancing; online services, such as commercial, retail, and trust online banking; automated bill payment, mobile banking deposits and account access, and remote deposit capture services; and other services consisting of wire transfers, debit cards, credit cards, pre-paid gift cards, direct deposits, and official bank checks, as well as facilitates crop insurance products. The company was formerly known as Green Bay Financial Corporation and changed its name to Nicolet Bankshares, Inc. in March 2002. The company was incorporated in 2000 and is headquartered in Green Bay, Wisconsin.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Michael E. Daniels
  • Employees1.43K
  • Headquarters111 North Washington Street, Green Bay, WI, United States, 54301, USA
  • Websitehttps://www.nicoletbank.com

Leadership

  • Mr. Michael E. DanielsCo-Founder, President, CEO, Chairman & Director · b. 1964
  • Mr. Robert B. AtwellCo-Founder · b. 1957
  • Mr. H. Phillip Moore Jr.Chief Financial Officer · b. 1961
  • Mr. Eric James WitczakExecutive VP & Secretary · b. 1971

Financials

Income Statement

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue40.39M38.27M39.54M57.02M63.13M66.31M102.14M143.34M164.96M192.41M213.10M239.05M332.07M416.85M519.42M552.61M
Growth (%)--5.23%+3.31%+44.20%+10.73%+5.02%+54.05%+40.34%+15.08%+16.64%+10.75%+12.18%+38.91%+25.53%+24.60%+6.39%
Cost of Revenue19.79M14.98M10.86M12.49M9.77M9.01M9.13M12.84M20.49M23.71M30.16M28.50M45.46M144.00M174.15M168.73M
Gross Profit20.60M23.29M28.68M44.52M53.37M57.29M93.01M130.50M144.47M168.69M182.93M210.55M286.62M272.86M345.27M383.88M
Gross Margin51.00%60.85%72.55%78.09%84.53%86.41%91.06%91.05%87.58%87.68%85.85%88.08%86.31%65.46%66.47%69.47%
Operating Expense19.32M21.44M24.06M24.52M38.71M39.65M64.94M80.81M89.67M97.60M101.99M129.43M160.88M186.22M190.14M196.92M
Operating Income1.28M1.85M4.62M20.01M14.66M17.64M28.07M49.70M54.80M71.10M80.94M81.12M125.74M86.63M155.13M186.96M
Operating Margin3.17%4.83%11.69%35.09%23.22%26.61%27.48%34.67%33.22%36.95%37.98%33.94%37.86%20.78%29.87%33.83%
EBITDA1.61M2.59M7.04M23.42M18.51M20.97M33.20M56.77M61.08M78.76M91.63M94.98M147.67M105.03M172.08M201.94M
EBITDA Margin3.99%6.76%17.80%41.08%29.31%31.62%32.50%39.60%37.03%40.93%43.00%39.73%44.47%25.20%33.13%36.54%
Net Income1.11M1.49M3.04M16.14M9.95M11.43M18.46M33.15M41.04M54.64M60.12M60.65M94.26M61.52M124.06M150.69M
Net Income Margin2.75%3.89%7.68%28.31%15.76%17.24%18.08%23.13%24.88%28.40%28.21%25.37%28.39%14.76%23.88%27.27%
Interest Expense1.94M1.87M6.53M6.29M7.07M7.21M7.33M10.51M18.89M22.51M19.86M13.60M33.96M141.35M170.30M164.48M
Interest Expense % of Total Revenue4.79%4.89%16.52%11.04%11.19%10.88%7.18%7.33%11.45%11.70%9.32%5.69%10.23%33.91%32.79%29.76%

Balance Sheet

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets674.75M678.25M745.25M1.20B1.22B1.21B2.30B2.93B3.10B3.58B4.55B7.70B8.76B8.47B8.80B9.19B
Total Liabilities609.09M602.03M667.88M1.09B1.10B1.10B2.02B2.57B2.71B3.06B4.01B6.80B7.79B7.43B7.62B7.93B
Total Equity65.62M76.02M77.33M104.86M111.01M109.50M275.95M364.18M386.61M516.26M539.19M891.89M972.53M1.04B1.17B1.26B
Cash--81.50M147.88M77.53M86.12M132.36M155.94M250.52M201.36M832.38M617.21M167.24M497.81M537.03M660.23M
Total Debt46.16M45.69M45.38M51.67M33.50M39.79M37.62M78.05M77.31M67.63M53.87M216.91M542.34M166.93M161.39M134.86M
Net Debt46.16M45.69M-36.13M-96.21M-44.03M-46.33M-94.74M-77.90M-173.21M-133.74M-778.51M-400.30M375.10M-330.88M-375.64M-525.37M

Cash Flow

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow14.94M20.18M11.04M15.05M24.81M40.71M50.99M58.14M78.90M97.65M117.40M107.97M133.75M153.53M
Investing Cash Flow-86.88M76.40M-90.96M-21.63M51.44M-150.95M-77.07M-63.15M-208.70M-370.60M-516.36M591.46M-288.44M-230.75M
Financing Cash Flow61.81M-31.60M1.65M21.49M-30.76M136.07M120.68M-62.45M750.60M65.38M-41.60M-362.73M199.30M201.40M
Capital Expenditure1.94M3.03M5.76M1.18M4.05M2.02M4.26M4.39M10.79M12.79M12.23M18.20M16.52M4.09M
Free Cash Flow13.00M17.15M5.28M13.87M20.75M38.70M46.73M53.74M68.11M84.86M105.16M89.77M117.23M149.44M
Dividends Paid1.22M1.22M244.00K212.00K633.00K633.00K143.15M49.26M1.18B314.33M011.12M16.55M18.66M
FCF to OCF87.03%84.98%47.78%92.15%83.67%95.04%91.65%92.45%86.32%86.90%89.58%83.14%87.65%97.33%
Dividend Paid to FCF9.38%7.11%4.63%1.53%3.05%1.64%306.35%91.65%1736.85%370.39%0.00%12.39%14.12%12.49%

Earnings

Report DateJun 30, 2013Sep 30, 2013Dec 31, 2013Mar 31, 2014Jun 30, 2014Sep 30, 2014Jan 20, 2015May 21, 2015Jul 21, 2015Oct 20, 2015Jan 19, 2016Apr 28, 2016Jul 19, 2016Oct 18, 2016Jan 17, 2017Apr 18, 2017Jul 18, 2017Oct 17, 2017Jan 16, 2018Apr 17, 2018Jul 17, 2018Oct 16, 2018Jan 15, 2019Apr 16, 2019Jul 16, 2019Oct 15, 2019Jan 21, 2020Apr 21, 2020Jul 21, 2020Oct 20, 2020Jan 19, 2021Apr 20, 2021Jul 20, 2021Oct 19, 2021Jan 18, 2022Apr 19, 2022Jul 19, 2022Oct 25, 2022Jan 17, 2023Apr 18, 2023Jul 18, 2023Oct 24, 2023Jan 16, 2024Apr 16, 2024Jul 16, 2024Oct 15, 2024Jan 21, 2025Apr 15, 2025Jul 15, 2025Oct 23, 2025Jan 20, 2026Apr 21, 2026Jul 21, 2026Oct 22, 2026
EPS Estimate----------0.570.580.590.570.640.750.790.860.830.800.870.960.981.031.091.171.191.070.941.401.541.591.631.571.451.611.691.802.001.671.461.551.731.651.661.871.991.932.152.392.542.692.963.06
EPS Actual2.780.620.220.500.580.630.550.700.660.580.640.570.390.840.680.690.850.871.170.940.981.091.111.051.361.401.180.981.281.721.741.751.770.731.251.701.671.741.841.451.531.541.851.721.882.042.172.102.352.662.732.752.99-
Surprise----------12.28%-1.72%-33.90%47.37%6.25%-8.00%7.59%1.16%40.96%17.50%12.64%13.54%13.27%1.94%24.77%19.66%-0.84%-8.41%36.17%22.86%12.99%10.06%8.59%-53.50%-13.79%5.59%-1.18%-3.33%-8.00%-13.17%4.79%-0.65%6.94%4.24%13.25%9.09%9.05%8.81%9.30%11.30%7.48%2.23%1.01%-
Timing------After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap3.53B
Enterprise Value3.17B
Trailing P/E18.86
Forward P/E14.84
PEG Ratio1.92
Price / Sales6.92
Price / Book1.52
EPS8.93
Book Value108.32
Revenue (TTM)510.22M
Gross Profit (TTM)510.22M
Profit Margin30.21%
Operating Margin52.89%
Return on Equity8.91%
Return on Assets1.27%
Shares Outstanding20.96M
Shares Float19.85M
Beta0.64
Dividend Yield0.81%
Dividend Rate1.36
Payout Ratio12.22%

Analyst Ratings

Buy
Based on 5 analystsTarget 191.80
  • Strong Buy
    1
  • Buy
    1
  • Hold
    3

Ownership Breakdown

Institutions
65.11%
Insiders
8.67%
Retail / Other
26.22%

Top Institutional Holders

  • BlackRock Inc
    1.62M7.75%
  • Dimensional Fund Advisors, Inc.
    823.90K3.93%
  • Vanguard Capital Management, LLC
    819.81K3.91%
  • State Street Corp
    711.36K3.39%
  • Westwood Holdings Group Inc
    486.75K2.32%
  • Geode Capital Management, LLC
    456.98K2.18%
  • American Century Companies Inc
    361.26K1.72%
  • Boston Partners Global Investors, Inc
    311.32K1.49%
  • The Goldman Sachs Group Inc
    279.68K1.33%
  • FJ Capital Management LLC
    277.24K1.32%
  • AllianceBernstein L.P.
    255.19K1.22%
  • Silvercrest Asset Management Group LLC
    211.45K1.01%
  • Manufacturers Life Insurance Co
    204.24K0.97%
  • Amvescap Plc.
    204.01K0.97%
  • Northern Trust Corp
    203.57K0.97%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    1.19M5.68%
  • Vanguard MStar Total Stk Mkt Idx Invest
    576.86K2.75%
  • iShares Russell 2000 ETF
    507.74K2.42%
  • State Street® SPDR® S&PRgnllBkgETF
    233.83K1.12%
  • Fidelity Small Cap Index
    216.42K1.03%

Dividends

20263×
0.36Sep 1, 20260.36Jun 1, 20260.32Mar 2, 2026
20254×
0.32Dec 8, 20250.32Sep 2, 20250.32Jun 2, 20250.28Mar 10, 2025
20244×
0.28Dec 2, 20240.28Sep 3, 20240.28Jun 3, 20240.25Mar 7, 2024
20233×
0.25Nov 30, 20230.25Aug 31, 20230.25May 31, 2023