Nicolet Bankshares Inc (NIC)
Operating cash flow minus capital spending left $149.4M of free cash flow in fiscal 2025. At September 30, 2026 it held $510.5M in cash against $92.8M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 30, 2026.
Key facts about Nicolet Bankshares Inc
- Net worth
- Nicolet Bankshares Inc has a market value (market cap) of $3.7B at the latest share price, and shareholders' equity of $2.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $153.5M of cash; after $4.1M of capital spending, free cash flow was $149.4M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 30, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Nicolet Bankshares Inc's next report is expected around January 19, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Nicolet Bankshares Inc declared dividends of $1.24 per share in fiscal 2025, a yield of 0.71% at the current price.
What Nicolet Bankshares Inc does
Nicolet Bankshares Inc is registered with the SEC under industry code SIC 6021 (National Commercial Banks). Its shares trade on NYSE under the ticker NIC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $150.7M | $9.78 | $149.4M |
| 2024 | n/a | $124.1M | $8.05 | $116.8M |
| 2023 | n/a | $61.5M | $4.08 | $89.4M |
| 2022 | n/a | $94.3M | $6.56 | $105.2M |
| 2021 | n/a | $60.7M | $5.44 | $84.9M |
| 2020 | n/a | $60.1M | $5.70 | $68.1M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
Nicolet Bankshares Inc declared $1.24 per share in fiscal 2025. At the current price that is a yield of 0.71%. It paid out $18.7M in cash dividends, 12% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.24 | $18.7M | 12% |
| 2024 | $1.09 | $16.5M | 13% |
| 2023 | $0.75 | $11.1M | 18% |
| 2022 | n/a | $0 | 0% |
| 2021 | n/a | $0 | 0% |
Latest SEC filings
What Nicolet Bankshares Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 30, 2026
- October 20, 2026
- August 24, 2026Form N-PX filing N-PX
- August 11, 2026Form 13F-HR filing 13F-HR
- August 7, 2026Passive stake (5% or more) SCHEDULE 13G
- July 31, 2026
- July 21, 2026
- July 8, 2026Passive stake changed SCHEDULE 13G/A
- May 22, 2026Form S-8 POS filing S-8 POS
- May 22, 2026Form S-8 POS filing S-8 POS
Insider trades
What the people running Nicolet Bankshares Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $1.3M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 6, 2026 | Witczak Eric JamesEVP - Retail & Ag Banking | Sold | 600 | $103.9K |
| November 6, 2026 | Atwell Robert BruceDirector | Exercised options | 10,000 | $564.3K |
| November 6, 2026 | Atwell Robert BruceDirector | Shares withheld for tax | 6,425 | $1.1M |
| November 6, 2026 | Atwell Robert BruceDirector | Sold | 3,499 | $604.9K |
| November 6, 2026 | Atwell Robert BruceDirector | Sold | 76 | $13.2K |
| October 23, 2026 | Atwell Robert BruceDirector | Exercised options | 10,000 | $564.3K |
| October 23, 2026 | Atwell Robert BruceDirector | Shares withheld for tax | 6,444 | $1.1M |
| October 23, 2026 | Atwell Robert BruceDirector | Sold | 3,556 | $608.9K |
Who owns NIC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Insiders
22 insiders reported holding 1,067,348 shares in total, about $187.6M at the last price.
| Holder | Shares |
|---|---|
| Smith Oliver PierceDirector | 446,116 |
| Daniels Michael EChairman, President & CEO, Director | 126,84161,452 held indirectly |
| Long Donald J JrDirector | 87,1496,186 held indirectly |
| Merkatoris Susan LDirector | 78,946 |
| Weyers Robert JDirector | 63,24910,260 held indirectly |
| Dykema John NicholasDirector | 54,53310,223 held indirectly |
| Moore Hubert Phillip JrCFO | 37,98665 held indirectly |
| Atwell Robert BruceDirector | 35,5491,066 held indirectly |
| Hutjens Brad VincentEVP - CCO - Nicolet Natl Bank | 35,530 |
| Witczak Eric JamesEVP - Retail & Ag Banking | 32,724 |
Questions about NIC
What does Nicolet Bankshares Inc do?
Nicolet Bankshares Inc is a company in the Finance sector, listed on NYSE as NIC. Its shares trade on NYSE under the ticker NIC.
What is Nicolet Bankshares Inc's net worth?
Nicolet Bankshares Inc has a market value (market cap) of $3.7B at the latest share price, and shareholders' equity of $2.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Nicolet Bankshares Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $176.1M.
When did Nicolet Bankshares Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 30, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 9, 2026.
When is Nicolet Bankshares Inc's next earnings report?
Nicolet Bankshares Inc's next report is expected around January 19, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Nicolet Bankshares Inc pay a dividend?
Yes. Nicolet Bankshares Inc declared dividends of $1.24 per share in fiscal 2025, a yield of 0.71% at the current price.
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Where the numbers come from
Financial figures are the values Nicolet Bankshares Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.