Nicolet Bankshares (NIC) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Nicolet Bankshares had a P/E ratio of 11.91 (down from 12.82), return on equity of 12.4% (up from 11.2%), debt-to-equity of 0.11 (down from 0.14) and return on assets of 1.7% (up from 1.4%). Its dividend yield was 1.03% with a payout ratio of 12.4%.

Nicolet Bankshares Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	11.91	12.82	19.31	12.42	16.90	11.13
Forward P/E	11.01	13.28	12.04	9.76	14.62	11.68
P/S Ratio	4.63	4.59	4.36	4.09	4.87	3.68
P/B Ratio	1.43	1.36	1.14	1.20	1.15	1.24
Price/Tangible Book	2.05	2.03	1.84	2.05	1.86	1.84
Price/FCF	12.01	13.61	13.29	11.14	12.08	9.82
Price/OCF	11.69	11.89	11.00	9.97	10.50	8.48
PEG Ratio	1.96	1.96	1.96	1.96	1.96	-
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	12.40%	11.22%	6.12%	10.11%	8.48%	11.45%
Return on Assets (ROA)	1.68%	1.44%	0.71%	1.15%	0.99%	1.49%
Leverage & Solvency Ratios
Debt/Equity	0.11	0.14	0.16	0.56	0.24	0.10
Debt/FCF	0.94	1.38	1.87	5.16	2.56	0.79
Liquidity Ratios
Efficiency Ratios
Yield & Distribution Ratios
Earnings Yield	8.39%	7.80%	5.18%	8.05%	5.92%	8.98%
FCF Yield	8.33%	7.35%	7.53%	8.98%	8.28%	10.18%
Dividend Yield	1.03%	1.06%	0.96%	-	-	-
Payout Ratio	12.38%	13.34%	18.08%	-	-	-
Buyback Yield	0.08%	-2.29%	-4.84%	-28.98%	-5.73%	-6.47%
Total Return	1.11%	-1.23%	-3.88%	-28.98%	-5.73%	-6.47%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Nicolet Bankshares Financial Ratios

What is Nicolet Bankshares's P/E ratio?

Nicolet Bankshares's P/E ratio was 11.91 for fiscal 2025 (period ended Dec 31, 2025). It was 12.82 a year earlier.

What is Nicolet Bankshares's return on equity?

Nicolet Bankshares's return on equity (ROE) was 12.4% for fiscal 2025 (period ended Dec 31, 2025). It was 11.2% a year earlier.

What is Nicolet Bankshares's debt-to-equity ratio?

Nicolet Bankshares's debt-to-equity ratio was 0.11 for fiscal 2025 (period ended Dec 31, 2025). It was 0.14 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition