Last 48 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Nicolet Bankshares, Inc.'s quarterly P/E stands at 37.2x, up 183.7% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 272.9% YoY to 27.3x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 16.50 | 37.16 | 11.44 | 12.36 | 13.19 | 13.10 | 11.98 | 11.38 | 10.81 | 11.81 | 9.96 | 15.30 | 11.24 |
| — | +183.7% | -4.4% | +8.6% | +22.0% | +10.9% | +20.2% | -25.6% | -3.8% | — | -8.6% | +12.1% | +7.6% | |
| P/S Ratio | 4.59 | 5.54 | 3.31 | 3.58 | 3.45 | 3.25 | 3.11 | 2.74 | 2.47 | 2.66 | 2.33 | 2.26 | 2.33 |
| — | +70.2% | +6.5% | +30.7% | +39.6% | +22.6% | +33.4% | +21.2% | +5.8% | -27.6% | -22.0% | -24.8% | -31.4% | |
| P/B Ratio | 1.98 | 1.00 | 1.47 | 1.70 | 1.60 | 1.44 | 1.41 | 1.29 | 1.16 | 1.23 | 1.17 | 1.08 | 1.04 |
| — | -30.4% | +4.5% | +31.9% | +37.8% | +16.9% | +19.8% | +19.1% | +11.8% | +28.0% | -5.4% | +0.7% | -13.0% | |
| P/FCF | 16.98 | 37.51 | 19.33 | 11.25 | 12.42 | 10.31 | 14.68 | 10.66 | 9.22 | 16.26 | 8.79 | 13.65 | 9.80 |
| — | +263.7% | +31.7% | +5.5% | +34.6% | -36.6% | +67.1% | -21.9% | -5.9% | -30.5% | -24.9% | +96.2% | -9.3% | |
| EV / EBITDA | 9.96 | 27.31 | 6.10 | 7.78 | 8.74 | 7.32 | 6.83 | 6.69 | 6.18 | 6.65 | 5.20 | 4.89 | 5.26 |
| — | +272.9% | -10.8% | +16.2% | +41.4% | +10.2% | +31.4% | +37.0% | +17.4% | — | -44.7% | -44.7% | -22.4% | |
| EV / EBIT | 10.76 | 30.51 | 6.58 | 8.32 | 9.03 | 8.03 | 7.36 | 7.41 | 6.93 | 7.58 | 5.93 | 5.48 | 6.14 |
| — | +280.0% | -10.6% | +12.3% | +30.3% | +6.0% | +24.2% | +35.1% | +12.8% | — | -44.3% | -48.7% | -21.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Nicolet Bankshares, Inc.'s operating margin was 18.6% in Q1 2026, down 17.4 pp QoQ and down 12.0 pp YoY. The trailing four-quarter average of 30.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 30.8% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.5% | 46.4% | 71.2% | 70.8% | 68.5% | 67.1% | 68.1% | 66.7% | 65.1% | 66.0% | 67.4% | 66.6% | 69.3% |
| — | -30.8% | +4.6% | +6.2% | +5.3% | +1.7% | +1.0% | +0.1% | -6.1% | +31.2% | -16.4% | -17.2% | -25.5% | |
| Operating Margin | 33.8% | 18.6% | 36.0% | 36.0% | 32.4% | 30.7% | 32.6% | 30.3% | 28.6% | 27.8% | 28.6% | 27.3% | 28.0% |
| — | -39.3% | +10.4% | +19.0% | +13.2% | +10.2% | +13.9% | +10.7% | +2.2% | +234.3% | -22.2% | -7.8% | -35.4% | |
| Net Margin | 27.3% | 14.9% | 28.9% | 29.0% | 26.1% | 24.9% | 26.0% | 24.1% | 22.8% | 22.5% | 23.5% | 14.7% | 20.7% |
| — | -40.2% | +11.1% | +20.4% | +14.4% | +10.6% | +10.9% | +63.4% | +9.8% | +259.9% | -14.3% | -33.3% | -36.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.4% | 0.9% | 3.3% | 3.5% | 3.0% | 2.8% | 3.0% | 2.9% | 2.7% | 2.6% | 3.0% | 1.8% | 2.3% |
| — | -68.7% | +9.8% | +19.6% | +11.8% | +4.7% | -2.5% | +65.1% | +16.6% | +387.3% | +5.4% | -15.6% | -18.6% | |
| ROA | 1.7% | 0.1% | 0.4% | 0.5% | 0.4% | 0.4% | 0.4% | 0.4% | 0.3% | 0.3% | 0.4% | 0.2% | 0.3% |
| — | -66.5% | +11.9% | +22.9% | +16.9% | +11.6% | +8.9% | +86.2% | +27.0% | +413.0% | +16.2% | -10.8% | -17.0% | |
| ROIC | 10.3% | 0.7% | 2.7% | 2.9% | 2.5% | 2.3% | 2.5% | 2.4% | 2.2% | 2.1% | 2.4% | 2.0% | 1.9% |
| — | -66.9% | +12.1% | +21.7% | +13.4% | +6.3% | +3.8% | +20.0% | +18.4% | +393.8% | +25.5% | +32.6% | -18.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Nicolet Bankshares, Inc.'s Debt/EBITDA ratio is 8.5x, up from 2.5x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 89.8% YoY to 0.01x, tightening the short-term liquidity position. Debt/Equity has declined for 12 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.11 | 0.08 | 0.11 | 0.11 | 0.11 | 0.13 | 0.14 | 0.14 | 0.15 | 0.15 | 0.16 | 0.20 | 0.25 |
| — | -39.7% | -22.1% | -21.0% | -24.2% | -13.3% | -14.4% | -30.9% | -41.2% | -40.7% | -71.2% | -62.3% | +7.9% | |
| Debt / EBITDA | 0.67 | 8.48 | 2.49 | 2.43 | 2.90 | 3.56 | 3.47 | 3.57 | 3.94 | 4.15 | 3.91 | 5.54 | 6.96 |
| — | +138.2% | -28.2% | -31.9% | -26.3% | -14.2% | -11.4% | -35.6% | -43.4% | — | -69.7% | -67.1% | +30.7% | |
| Current Ratio | 5079.45 | 0.01 | 5079.45 | 0.18 | 0.13 | 0.14 | 0.13 | 0.17 | 0.17 | 0.17 | 0.18 | 0.21 | 0.22 |
| — | -89.8% | +3853981.2% | +1.3% | -22.5% | -20.1% | -27.0% | -16.0% | -22.5% | -5.9% | +11.8% | +4.6% | +22.3% | |
| Quick Ratio | 5079.45 | 0.01 | 5079.45 | 0.18 | 0.13 | 0.14 | 0.13 | 0.17 | 0.17 | 0.17 | 0.18 | 0.21 | 0.22 |
| — | -89.8% | +3853981.2% | +1.3% | -22.5% | -20.1% | -27.0% | -16.0% | -22.5% | -5.9% | +11.8% | +4.6% | +22.3% | |
| Interest Coverage | 1.14 | 0.39 | 1.28 | 1.26 | 0.53 | 0.97 | 1.05 | 0.92 | 0.84 | 0.83 | 0.95 | 0.83 | 0.92 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying NIC stock.
Nicolet Bankshares, Inc.'s current P/E is 16.5x. The average P/E over the last 4 quarters is 18.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Nicolet Bankshares, Inc.'s current operating margin is 33.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Nicolet Bankshares, Inc.'s business trajectory between earnings reports.