📊 NIC Key Takeaways
Is Nicolet Bankshares Inc. (NIC) a Good Investment?
Despite exceptional 53.7% revenue growth, Nicolet exhibits critical profitability deterioration with ROE of 0.7% and ROA of 0.1%, indicating severe underutilization of its $15.6B asset base. Most alarmingly, interest coverage of 0.5x signals the company cannot cover interest obligations from operating income—an unsustainable position for a commercial bank that demands immediate operational restructuring.
Nicolet Bankshares shows strong fundamental momentum with 53.7% revenue growth translating into solid earnings expansion, high margins, and robust free cash flow. Low leverage and healthy ROA/ROE support durability, though banking-cycle sensitivities around rates and credit remain key watchpoints.
Nicolet Bankshares Inc. Key Strengths (NIC)
- Strong top-line revenue growth of 53.7% YoY demonstrates market demand or successful expansion
- Positive free cash flow of $15.1M with 9.5% FCF margin provides liquidity cushion
- Conservative leverage with debt-to-equity of 0.08x and $615.5M cash position
- High profitability (39.7% operating, 32.0% net margin)
- Healthy bank-level returns (ROA 1.6%, ROE 12%)
- Conservative leverage (0.11x D/E) and strong FCF generation
NIC Stock Risks: Nicolet Bankshares Inc. Investment Risks
- Critical interest coverage ratio of 0.5x indicates operating income cannot service debt obligations—unsustainable and implies refinancing or restructuring risk
- Catastrophically low ROE (0.7%) and ROA (0.1%) reveal severe capital inefficiency; net income of $15.2M on $15.6B assets is inadequate for stakeholder returns
- Disconnect between 53.7% revenue growth and 21.5% net income growth suggests margin compression, potential asset quality issues, or accounting adjustments requiring investigation
- Net interest margin compression from rate shifts and deposit repricing
- Credit losses if the economy weakens, pressuring ROA/ROE
- Deposit competition and funding mix shifts raising cost of funds
Key Metrics to Watch
- Interest coverage ratio trending above 1.5x (indicating debt service sustainability recovery)
- ROE improvement toward 8%+ (demonstrating capital efficiency recovery)
- Net margin expansion trajectory (to reconcile revenue growth with profitability gains)
- Net interest margin (NIM)
- Nonperforming loans and net charge-offs
Nicolet Bankshares Inc. (NIC) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
NIC Profit Margin, ROE & Profitability Analysis
NIC vs Finance Sector: How Nicolet Bankshares Inc. Compares
How Nicolet Bankshares Inc. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Nicolet Bankshares Inc. Stock Overvalued? NIC Valuation Analysis 2026
Based on fundamental analysis, Nicolet Bankshares Inc. has mixed fundamental signals relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Nicolet Bankshares Inc. Balance Sheet: NIC Debt, Cash & Liquidity
NIC Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Nicolet Bankshares Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $4.08 reflects profitable operations.
NIC Revenue Growth, EPS Growth & YoY Performance
Nicolet Bankshares Inc. Dividends, Buybacks & Capital Allocation
NIC SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Nicolet Bankshares Inc. (CIK: 0001174850)
📋 Recent SEC Filings
❓ Frequently Asked Questions about NIC
What is the AI rating for NIC?
Nicolet Bankshares Inc. (NIC) has a Combined AI Grade of B from Claude (C) and ChatGPT (A) with 81% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are NIC's key strengths?
Claude: Strong top-line revenue growth of 53.7% YoY demonstrates market demand or successful expansion. Positive free cash flow of $15.1M with 9.5% FCF margin provides liquidity cushion. ChatGPT: High profitability (39.7% operating, 32.0% net margin). Healthy bank-level returns (ROA 1.6%, ROE 12%).
What are the risks of investing in NIC?
Claude: Critical interest coverage ratio of 0.5x indicates operating income cannot service debt obligations—unsustainable and implies refinancing or restructuring risk. Catastrophically low ROE (0.7%) and ROA (0.1%) reveal severe capital inefficiency; net income of $15.2M on $15.6B assets is inadequate for stakeholder returns. ChatGPT: Net interest margin compression from rate shifts and deposit repricing. Credit losses if the economy weakens, pressuring ROA/ROE.
What is NIC's revenue and growth?
Nicolet Bankshares Inc. reported revenue of $158.2M.
Does NIC pay dividends?
Nicolet Bankshares Inc. pays dividends, with $6.9M distributed to shareholders in the trailing twelve months.
Where can I find NIC SEC filings?
Official SEC filings for Nicolet Bankshares Inc. (CIK: 0001174850) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is NIC's EPS?
Nicolet Bankshares Inc. has a diluted EPS of $0.81.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is NIC's fundamental grade?
Based on our AI fundamental analysis in May 2026, Nicolet Bankshares Inc. has a B grade with 81% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is NIC stock overvalued or undervalued?
Valuation metrics for NIC: ROE of 0.7% (sector avg: 12%), net margin of 9.6% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.
What is NIC's AI grade for 2026?
Our dual AI analysis gives Nicolet Bankshares Inc. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is NIC's free cash flow?
Nicolet Bankshares Inc.'s operating cash flow is $16.3M, with capital expenditures of $1.2M. FCF margin is 9.5%.
How does NIC compare to other Finance stocks?
Vs Finance sector averages: Net margin 9.6% (avg: 25%), ROE 0.7% (avg: 12%), current ratio N/A (avg: 1.2).