NICOLET BANKSHARES INC (NIC)
Financials · Community banking and regional bank consolidation · NYSE
A growing Midwest community bank that consolidates regional lending franchises and delivers comprehensive financial services to small/mid-market businesses and consumers across Wisconsin, Iowa, Minnesota, and Colorado.
What NICOLET BANKSHARES INC does
Nicolet Bankshares is a bank holding company operating through Nicolet National Bank, which provides comprehensive banking services to businesses and consumers across Wisconsin, Iowa, Minnesota, Colorado, and other markets. The company generates revenue primarily from net interest income on loans and investments, supplemented by noninterest income from wealth management, deposit service charges, card interchange, and mortgage sales. Nicolet has grown through organic expansion and strategic acquisitions, including the recent acquisition of MidWest One Financial Group (completed February 2026), which nearly doubled its asset base to approximately $15 billion.
Themes: ["Community banking","Commercial lending","Agricultural banking","Residential mortgage lending","Wealth management and trust services","Regional bank consolidation / M&A"]
Fundamentals
- Price$163.18 as of 2026-07-09 close
- Market cap$3.5B as of 2026-07-10
- 1-year return+23.5% as of 2026-07-09 close
- P/E26.15 as of 2026-07-10
- Net margin+21.5% as of 2026-07-10
- ROE+9.0% as of 2026-07-10
- Debt / equity0.08 as of 2026-07-10
- Revenue growth (YoY)+48.5% as of 2026-07-10
- Beta0.66 as of 2026-07-10
Dividend: yield +0.8%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Interest rate risk and deposit funding costs: As a net interest-dependent bank, Nicolet is exposed to changes in interest rates and competitive deposit pricing pressures, which could compress net interest margins.","Credit risk and loan portfolio concentration: The company carries $10.9 billion in loans (as of March 2026) with regional concentration in Midwest markets, creating exposure to economic downturns in those geographies.","Integration risks from major acquisitions: The recent MidWest One acquisition (completed Feb 2026) nearly doubled asset size; integration challenges, including merger-related expenses ($40.7M in Q1 2026), system consolidation, and cultural alignment could impact profitability and operational efficiency."]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.