Nicolet Bankshares Inc.
Nicolet Bankshares, Inc. operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts. It also offers commercial loans, including commercial, industr… Read more
Nicolet Bankshares Inc. (NIC) - Net Assets
Latest net assets as of December 2025: $1.26 Billion USD
Based on the latest financial reports, Nicolet Bankshares Inc. (NIC) has net assets worth $1.26 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.19 Billion) and total liabilities ($7.93 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.26 Billion |
| % of Total Assets | 13.69% |
| Annual Growth Rate | 21.75% |
| 5-Year Change | 41.01% |
| 10-Year Change | 355.07% |
| Growth Volatility | 37.85 |
Nicolet Bankshares Inc. - Net Assets Trend (2010–2025)
This chart illustrates how Nicolet Bankshares Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nicolet Bankshares Inc. (2010–2025)
The table below shows the annual net assets of Nicolet Bankshares Inc. from 2010 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.26 Billion | +7.23% |
| 2024-12-31 | $1.17 Billion | +12.89% |
| 2023-12-31 | $1.04 Billion | +6.84% |
| 2022-12-31 | $972.53 Million | +9.04% |
| 2021-12-31 | $891.89 Million | +65.41% |
| 2020-12-31 | $539.19 Million | +4.29% |
| 2019-12-31 | $516.99 Million | +33.47% |
| 2018-12-31 | $387.35 Million | +6.16% |
| 2017-12-31 | $364.88 Million | +32.03% |
| 2016-12-31 | $276.37 Million | +151.96% |
| 2015-12-31 | $109.69 Million | -1.24% |
| 2014-12-31 | $111.07 Million | +5.90% |
| 2013-12-31 | $104.88 Million | +35.54% |
| 2012-12-31 | $77.38 Million | +1.53% |
| 2011-12-31 | $76.21 Million | +16.06% |
| 2010-12-31 | $65.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nicolet Bankshares Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5215.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $697.80 Million | 55.48% |
| Common Stock | $148.00K | 0.01% |
| Other Comprehensive Income | $-23.54 Million | -1.87% |
| Other Components | $583.26 Million | 46.38% |
| Total Equity | $1.26 Billion | 100.00% |
Nicolet Bankshares Inc. Competitors by Market Cap
The table below lists competitors of Nicolet Bankshares Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Espressif Systems Shanghai Co Ltd
SHG:688018
|
$1.91 Billion |
|
Japan Petroleum Exploration Co. Ltd
F:JP9
|
$1.91 Billion |
|
Makalot Industrial Co Ltd
TW:1477
|
$1.91 Billion |
|
GRUPA KETY A ZY 250
F:GQ2
|
$1.91 Billion |
|
Promotora y Operadora de Infraestructura S. A. B. de C. V
PINK:PYOIF
|
$1.91 Billion |
|
10X Genomics Inc
NASDAQ:TXG
|
$1.91 Billion |
|
Guangdong Tonze Electric Co Ltd
SHE:002759
|
$1.91 Billion |
|
Kruk SA
WAR:KRU
|
$1.91 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nicolet Bankshares Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,172,898,000 to 1,257,662,000, a change of 84,764,000 (7.2%).
- Net income of 150,686,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 25,026,000.
- Other factors decreased equity by 90,948,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $150.69 Million | +11.98% |
| Other Comprehensive Income | $25.03 Million | +1.99% |
| Other Changes | $-90.95 Million | -7.23% |
| Total Change | $- | 7.23% |
Book Value vs Market Value Analysis
This analysis compares Nicolet Bankshares Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.82x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.89x to 1.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $18.85 | $148.67 | x |
| 2011-12-31 | $21.80 | $148.67 | x |
| 2012-12-31 | $18.11 | $148.67 | x |
| 2013-12-31 | $26.29 | $148.67 | x |
| 2014-12-31 | $25.75 | $148.67 | x |
| 2015-12-31 | $25.10 | $148.67 | x |
| 2016-12-31 | $36.72 | $148.67 | x |
| 2017-12-31 | $36.57 | $148.67 | x |
| 2018-12-31 | $38.83 | $148.67 | x |
| 2019-12-31 | $52.15 | $148.67 | x |
| 2020-12-31 | $51.15 | $148.67 | x |
| 2021-12-31 | $80.03 | $148.67 | x |
| 2022-12-31 | $67.65 | $148.67 | x |
| 2023-12-31 | $68.94 | $148.67 | x |
| 2024-12-31 | $76.08 | $148.67 | x |
| 2025-12-31 | $81.65 | $148.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nicolet Bankshares Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.98%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.27%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 7.30x
- Recent ROE (11.98%) is above the historical average (8.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 1.69% | 2.75% | 0.06x | 10.28x | $-5.45 Million |
| 2011 | 1.96% | 3.89% | 0.06x | 8.92x | $-6.11 Million |
| 2012 | 3.93% | 7.68% | 0.05x | 9.64x | $-4.70 Million |
| 2013 | 15.39% | 28.31% | 0.05x | 11.43x | $5.65 Million |
| 2014 | 8.96% | 15.76% | 0.05x | 10.95x | $-1.15 Million |
| 2015 | 10.44% | 17.24% | 0.05x | 11.09x | $477.90K |
| 2016 | 6.69% | 18.08% | 0.04x | 8.34x | $-9.13 Million |
| 2017 | 9.10% | 23.13% | 0.05x | 8.05x | $-3.27 Million |
| 2018 | 10.61% | 24.88% | 0.05x | 8.01x | $2.38 Million |
| 2019 | 10.58% | 28.40% | 0.05x | 6.93x | $3.01 Million |
| 2020 | 11.15% | 28.21% | 0.05x | 8.44x | $6.20 Million |
| 2021 | 6.80% | 25.37% | 0.03x | 8.63x | $-28.54 Million |
| 2022 | 9.69% | 28.39% | 0.04x | 9.01x | $-2.99 Million |
| 2023 | 5.92% | 14.76% | 0.05x | 8.15x | $-42.38 Million |
| 2024 | 10.58% | 23.88% | 0.06x | 7.50x | $6.77 Million |
| 2025 | 11.98% | 27.27% | 0.06x | 7.30x | $24.92 Million |
Industry Comparison
This section compares Nicolet Bankshares Inc.'s net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $16,924,188,763
- Average return on equity (ROE) among peers: 8.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nicolet Bankshares Inc. (NIC) | $1.26 Billion | 1.69% | 6.30x | $1.91 Billion |
| Ameris Bancorp (ABCB) | $293.77 Million | 7.18% | 9.19x | $4.91 Billion |
| ACNB Corporation (ACNB) | $49.44 Million | 14.38% | 8.56x | $474.47 Million |
| Addiko Bank AG (ADBKF) | $851.70 Million | 0.16% | 5.94x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $117.10 Million | 6.09% | 5.76x | $79.30 Million |
| Absa Group Limited (AGRPF) | $85.20 Billion | 14.06% | 10.26x | $6.72 Billion |
| AIB Group plc (AIBGY) | $13.66 Billion | 4.74% | 8.36x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $62.92 Billion | 9.95% | 6.60x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $5.78 Billion | 1.48% | 10.55x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $18.00 Million | 9.85% | 14.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |