NIC - Nicolet Bankshares, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$182.67
DETAILS
HIGH:
$190.00
LOW:
$173.00
MEDIAN:
$185.00
CONSENSUS:
$182.67
UPSIDE:
28.92%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||
| Revenue | 552.6 | 519.4 | 416.9 | 332.1 | 239.1 | 213.1 | 192.4 | 165.0 | 143.3 | 102.1 | 66.3 | 63.1 | 57.0 | 39.5 | 38.3 | 40.4 |
| Cost of Revenue | 168.7 | 174.2 | 144.0 | 45.5 | 28.5 | 30.2 | 23.7 | 20.5 | 12.8 | 9.1 | 9.0 | 9.8 | 12.5 | 10.9 | 15.0 | 19.8 |
| Gross Profit | 383.9 | 345.3 | 272.9 | 286.6 | 210.5 | 182.9 | 168.7 | 144.5 | 130.5 | 93.0 | 57.3 | 53.4 | 44.5 | 28.7 | 23.3 | 20.6 |
| Operating Expenses | ||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 151.9 | 120.7 | 110.9 | 99.1 | 78.1 | 63.2 | 70.1 | 64.3 | 57.9 | 43.9 | 28.9 | 27.6 | 25.1 | 17.1 | 11.4 | 10.8 |
| Other Expenses | 45.0 | 69.4 | 75.3 | 61.8 | 51.4 | 38.8 | 27.2 | 25.4 | 22.9 | 21.1 | 10.7 | 11.1 | (0.6) | 7.0 | 10.0 | 8.5 |
| Operating Expenses | 196.9 | 190.1 | 186.2 | 160.9 | 129.4 | 102.0 | 97.2 | 89.7 | 80.8 | 64.9 | 39.6 | 38.7 | 24.5 | 24.1 | 21.4 | 19.3 |
| Operating Income | ||||||||||||||||
| Operating Income | 187.0 | 155.1 | 86.6 | 125.7 | 81.1 | 80.9 | 71.1 | 54.8 | 49.7 | 28.1 | 17.6 | 14.7 | 20.0 | 4.6 | 1.8 | 1.3 |
| Interest Expense | 164.5 | 170.3 | 141.3 | 34.0 | 13.6 | 19.9 | 22.5 | 18.9 | 10.5 | 7.3 | 7.2 | 7.1 | 6.3 | 6.5 | 1.9 | 1.9 |
| Interest Income | 470.9 | 438.4 | 382.9 | 273.9 | 171.6 | 149.2 | 138.6 | 125.5 | 109.3 | 75.5 | 48.6 | 48.9 | 43.2 | 28.8 | 0 | 0 |
| Profitability | ||||||||||||||||
| EBITDA | 187.0 | 172.1 | 105.0 | 147.7 | 95.0 | 91.6 | 78.8 | 61.1 | 56.8 | 33.2 | 21.0 | 18.5 | 23.4 | 7.0 | 2.6 | 1.6 |
| EBIT | 187.0 | 155.1 | 86.6 | 125.7 | 81.1 | 80.9 | 71.4 | 54.8 | 49.7 | 28.1 | 17.6 | 14.7 | 20.0 | 4.6 | 1.8 | 1.3 |
| Income Before Tax | 187.0 | 155.1 | 86.6 | 125.7 | 81.1 | 80.9 | 71.4 | 54.8 | 49.7 | 28.1 | 17.6 | 14.7 | 20.0 | 4.6 | 1.8 | 1.3 |
| Income Tax Expense | 36.3 | 31.1 | 25.1 | 31.5 | 20.5 | 20.5 | 16.5 | 13.4 | 16.3 | 9.4 | 6.1 | 4.6 | 3.8 | 1.5 | 0.3 | 0.1 |
| Net Income | 150.7 | 124.1 | 61.5 | 94.3 | 60.7 | 60.1 | 54.6 | 41.0 | 33.1 | 18.5 | 11.4 | 9.9 | 16.1 | 3.0 | 1.5 | 1.1 |
| Per Share Data | ||||||||||||||||
| EPS (Basic) | 10.06 | 8.24 | 4.17 | 6.78 | 5.65 | 5.82 | 5.71 | 4.26 | 3.51 | 2.49 | 2.80 | 2.33 | 3.81 | 0.43 | 0.01 | 0.04 |
| EPS (Diluted) | 9.78 | 8.05 | 4.08 | 6.56 | 5.44 | 5.70 | 5.52 | 4.12 | 3.33 | 2.37 | 2.57 | 2.25 | 3.80 | 0.43 | 0.01 | 0.04 |
| Shares Outstanding | 15.0 | 15.0 | 14.7 | 13.9 | 10.7 | 10.3 | 9.6 | 9.6 | 9.4 | 7.2 | 4.0 | 4.2 | 4.0 | 4.3 | 3.5 | 3.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 660.2 | 537.0 | 497.8 | 167.2 | 617.2 | 832.4 | 201.4 | 250.5 | 155.9 | 132.4 |
| Short-Term Investments | 523.9 | 438.7 | 802.6 | 917.6 | 921.7 | 539.3 | 449.3 | 400.1 | 405.2 | 365.3 |
| Net Receivables | 6,767.5 | 0 | 133.7 | 138.0 | 113.4 | 55.5 | 39.5 | 34.4 | 35.8 | 33.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | (510.3) | 0 | (127.4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 7,441.4 | 975.8 | 1,300.4 | 1,222.9 | 1,652.2 | 1,427.2 | 690.1 | 685.1 | 596.9 | 530.7 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 120.5 | 127.0 | 118.8 | 109.0 | 94.6 | 59.9 | 56.5 | 48.2 | 47.2 | 45.9 |
| Goodwill | 367.4 | 367.4 | 367.4 | 367.4 | 317.2 | 163.2 | 151.2 | 107.4 | 107.4 | 66.7 |
| Intangible Assets | 15.0 | 20.8 | 27.0 | 35.1 | 22.3 | 12.2 | 14.8 | 16.9 | 21.0 | 21.2 |
| Long-Term Investments | 7,139.1 | 6,953.7 | 6,309.3 | 6,864.6 | 5,474.3 | 2,806.0 | 2,586.6 | 2,172.7 | 2,094.8 | 1,581.5 |
| Other Non-Current Assets | (5,898.2) | 352.2 | 345.9 | 165.1 | 134.5 | 83.3 | 78.1 | 66.3 | 65.2 | 54.9 |
| Total Non-Current Assets | 1,743.7 | 7,821.0 | 7,168.3 | 7,541.1 | 6,042.8 | 3,124.6 | 2,887.1 | 2,411.5 | 2,335.5 | 1,770.2 |
| Total Assets | 9,185.1 | 8,796.8 | 8,468.7 | 8,764.0 | 7,695.0 | 4,551.8 | 3,577.3 | 3,096.5 | 2,932.4 | 2,300.9 |
| Current Liabilities | ||||||||||
| Account Payables | 7,730.8 | 0 | 0 | 70.2 | 68.7 | 48.3 | 38.2 | 17.7 | 18.4 | 16.9 |
| Short-Term Debt | 0 | 0 | 0 | 317 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 58.7 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | (7,791.1) | 7,403.7 | 7,197.8 | 7,178.9 | 6,404.1 | 3,910.4 | 2,954.5 | 2,614.1 | 2,471.1 | 1,970.0 |
| Total Current Liabilities | 1.5 | 7,403.7 | 7,197.8 | 7,566.1 | 6,534.6 | 3,958.7 | 2,992.6 | 2,631.9 | 2,508.0 | 2,003.8 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 134.9 | 161.4 | 166.9 | 225.3 | 216.9 | 53.9 | 67.6 | 77.3 | 78.0 | 37.6 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 7,792.6 | 58.8 | 64.9 | 0 | 51.6 | 0 | 0 | 2,631.9 | (18.4) | (16.9) |
| Total Non-Current Liabilities | 7,927.4 | 220.2 | 231.9 | 225.3 | 268.5 | 53.9 | 67.6 | 77.3 | 59.6 | 20.7 |
| Total Liabilities | 7,927.4 | 7,623.9 | 7,429.7 | 7,791.4 | 6,803.1 | 4,012.6 | 3,060.3 | 2,709.2 | 2,567.6 | 2,024.5 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Retained Earnings | 697.8 | 565.8 | 458.3 | 407.9 | 313.6 | 253.0 | 199.0 | 144.4 | 102.4 | 68.9 |
| Accumulated Other Comprehensive Income | (23.5) | (48.6) | (53.2) | (57.5) | 3.1 | 12.7 | 4.4 | (5.6) | (2.1) | (2.7) |
| Total Stockholders' Equity | 1,257.7 | 1,172.9 | 1,039.0 | 972.5 | 891.9 | 539.2 | 516.3 | 386.6 | 364.2 | 275.9 |
| Total Liabilities & Equity | 9,185.1 | 8,796.8 | 8,468.7 | 8,764.0 | 7,695.0 | 4,551.8 | 3,577.3 | 3,096.5 | 2,932.4 | 2,300.9 |
| Debt Metrics | ||||||||||
| Total Debt | 134.9 | 161.4 | 166.9 | 542.3 | 216.9 | 53.9 | 67.6 | 77.3 | 78.0 | 37.6 |
| Net Debt | (525.4) | (375.6) | (330.9) | 375.1 | (400.3) | (778.5) | (133.7) | (173.2) | (77.9) | (94.7) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 150.7 | 124.1 | 61.5 | 94.3 | 60.7 | 60.5 | 55.0 | 41.4 | 33.4 | 18.7 |
| Depreciation & Amortization | 15.0 | 17.0 | 18.4 | 21.9 | 13.9 | 10.7 | 7.3 | 6.3 | 7.1 | 5.1 |
| Stock-Based Compensation | 7.3 | 6.6 | 6.4 | 7.0 | 7.3 | 5.7 | 5.0 | 4.9 | 3.1 | 1.6 |
| Change in Working Capital | (2.2) | (9.2) | (10.6) | (0.2) | (9.5) | 12.7 | 6.1 | (0.4) | (6.7) | (1.7) |
| Other Non-Cash Items | (12.7) | (12.0) | 29.2 | 7.3 | 19.0 | (13.8) | (12.6) | 0.4 | (3.1) | (1.9) |
| Operating Cash Flow | 153.5 | 133.7 | 108.0 | 117.4 | 97.7 | 78.9 | 58.1 | 51.0 | 40.7 | 24.8 |
| Investing Activities | ||||||||||
| Capital Expenditure | (4.1) | (16.5) | (18.2) | (12.2) | (12.8) | (10.8) | (4.4) | (4.3) | (2.0) | (4.0) |
| Acquisitions | 0 | 0 | 0 | 119.6 | 367.8 | (21.8) | 7.3 | 0 | 9.1 | 66.5 |
| Purchases of Investments | (145.3) | (111.7) | (73.2) | (90.1) | (883.1) | (174.9) | (98.3) | (78.1) | (66.4) | (85.9) |
| Sales/Maturities of Investments | 122.6 | 113.6 | 833.1 | 173.9 | 220.2 | 113.9 | 94.5 | 72.8 | 65.0 | 67.1 |
| Other Investing Activities | (204.0) | (273.8) | (150.2) | (707.6) | (62.7) | (115.1) | (62.3) | (67.5) | (156.7) | 7.8 |
| Investing Cash Flow | (230.7) | (288.4) | 591.5 | (516.4) | (370.6) | (208.7) | (63.1) | (77.1) | (151.0) | 51.4 |
| Financing Activities | ||||||||||
| Net Debt Issuance | (27.4) | (5.2) | (376) | 164.1 | (84.0) | (16.2) | (91.5) | (1.3) | 20.5 | (105.6) |
| Stock Repurchased | (89.3) | (10.1) | (1.5) | (61.5) | (62.6) | (42.1) | (28.5) | (22.7) | (15.0) | (17.4) |
| Dividends Paid | (18.7) | (16.5) | (11.1) | 0 | 0 | 0 | 0 | 0 | (0.6) | (0.6) |
| Other Financing Activities | 327.1 | 230.6 | 25.1 | (145.0) | 209.6 | 806.9 | 48.7 | 142.9 | 127.2 | 91.0 |
| Financing Cash Flow | 201.4 | 199.3 | (362.7) | (41.6) | 65.4 | 750.6 | (62.5) | 120.7 | 136.1 | (30.8) |
| Cash Position | ||||||||||
| Net Change in Cash | 124.2 | 44.6 | 336.7 | (440.6) | (207.6) | 620.8 | (67.5) | 94.6 | 25.8 | 45.5 |
| Cash at Beginning | 536.0 | 491.4 | 154.7 | 595.3 | 802.9 | 182.1 | 249.5 | 154.9 | 129.1 | 83.6 |
| Cash at End | 660.2 | 536.0 | 491.4 | 154.7 | 595.3 | 802.9 | 182.1 | 249.5 | 154.9 | 129.1 |
| Free Cash Flow | 149.4 | 117.2 | 89.8 | 105.2 | 84.9 | 68.1 | 53.7 | 46.7 | 38.7 | 20.8 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||
| Revenue | 552.6 | 519.4 | 416.9 | 332.1 | 239.1 | 213.1 | 192.4 | 165.0 | 143.3 | 102.1 | 66.3 | 63.1 | 57.0 | 39.5 | 38.3 | 40.4 |
| Gross Profit | 383.9 | 345.3 | 272.9 | 286.6 | 210.5 | 182.9 | 168.7 | 144.5 | 130.5 | 93.0 | 57.3 | 53.4 | 44.5 | 28.7 | 23.3 | 20.6 |
| Operating Income | 187.0 | 155.1 | 86.6 | 125.7 | 81.1 | 80.9 | 71.1 | 54.8 | 49.7 | 28.1 | 17.6 | 14.7 | 20.0 | 4.6 | 1.8 | 1.3 |
| Net Income | 150.7 | 124.1 | 61.5 | 94.3 | 60.7 | 60.1 | 54.6 | 41.0 | 33.1 | 18.5 | 11.4 | 9.9 | 16.1 | 3.0 | 1.5 | 1.1 |
| EPS (Diluted) | 9.78 | 8.05 | 4.08 | 6.56 | 5.44 | 5.70 | 5.52 | 4.12 | 3.33 | 2.37 | 2.57 | 2.25 | 3.80 | 0.43 | 0.01 | 0.04 |
| Balance Sheet | ||||||||||||||||
| Cash & Equivalents | 660.2 | 537.0 | 497.8 | 167.2 | 617.2 | 832.4 | 201.4 | 250.5 | 155.9 | 132.4 | ||||||
| Total Assets | 9,185.1 | 8,796.8 | 8,468.7 | 8,764.0 | 7,695.0 | 4,551.8 | 3,577.3 | 3,096.5 | 2,932.4 | 2,300.9 | ||||||
| Total Debt | 134.9 | 161.4 | 166.9 | 542.3 | 216.9 | 53.9 | 67.6 | 77.3 | 78.0 | 37.6 | ||||||
| Stockholders' Equity | 1,257.7 | 1,172.9 | 1,039.0 | 972.5 | 891.9 | 539.2 | 516.3 | 386.6 | 364.2 | 275.9 | ||||||
| Cash Flow | ||||||||||||||||
| Operating Cash Flow | 153.5 | 133.7 | 108.0 | 117.4 | 97.7 | 78.9 | 58.1 | 51.0 | 40.7 | 24.8 | ||||||
| Capital Expenditure | (4.1) | (16.5) | (18.2) | (12.2) | (12.8) | (10.8) | (4.4) | (4.3) | (2.0) | (4.0) | ||||||
| Free Cash Flow | 149.4 | 117.2 | 89.8 | 105.2 | 84.9 | 68.1 | 53.7 | 46.7 | 38.7 | 20.8 | ||||||