Nicolet Bankshares, Inc. (NIC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NIC Revenue Growth
Revenue Breakdown (FY 2025)
NIC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
NIC Revenue Analysis (2014–2025)
As of May 8, 2026, Nicolet Bankshares, Inc. (NIC) generated trailing twelve-month (TTM) revenue of $552.6 million, reflecting solid growth of +5.2% year-over-year. The most recent quarter (Q4 2025) recorded $139.4 million in revenue, down 3.1% sequentially.
Looking at the longer-term picture, NIC's 5-year compound annual growth rate (CAGR) stands at +21.0%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $552.6 million in 2025, representing a new all-time high.
Revenue diversification analysis shows NIC's business is primarily driven by Investment Advisory, Management and Administrative Service (57%), Credit and Debit Card (28%), and Deposit Account (15%). With over half of revenue concentrated in Investment Advisory, Management and Administrative Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including IBCP, FFIN, and BANF, NIC has outperformed the peer group in terms of revenue growth. Compare NIC vs IBCP →
NIC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NICCurrent | $553M | +5.2% | +21.0% | 33.8% | |
 IBCP | $315M | - | - | 25.8% | |
 FFIN | $739M | - | - | 36.8% | |
 BANF | $909M | - | - | 30.3% | |
 OTTR | $1.3B | -0.5% | +7.9% | 26.5% | |
 NBTB | $867M | - | - | 25.3% |
NIC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $552.6M | - | $383.9M | 69.5% | $187.0M | 33.8% |
| 2024 | $519.4M | - | $345.3M | 66.5% | $155.1M | 29.9% |
| 2023 | $416.9M | - | $272.9M | 65.5% | $86.6M | 20.8% |
| 2022 | $332.1M | - | $286.6M | 86.3% | $125.7M | 37.9% |
| 2021 | $239.1M | - | $210.5M | 88.1% | $81.1M | 33.9% |
| 2020 | $213.1M | - | $182.9M | 85.8% | $80.9M | 38.0% |
| 2019 | $192.4M | - | $168.7M | 87.7% | $71.1M | 37.0% |
| 2018 | $165.0M | - | $144.5M | 87.6% | $54.8M | 33.2% |
| 2017 | $143.3M | - | $130.5M | 91.0% | $49.7M | 34.7% |
| 2016 | $102.1M | - | $93.0M | 91.1% | $28.1M | 27.5% |
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Start ComparisonNIC — Frequently Asked Questions
Quick answers to the most common questions about buying NIC stock.
Is NIC's revenue growth accelerating or slowing?
NIC maintains +5.2% revenue growth, in line with its 5-year CAGR of +21.0%. TTM revenue stands at $553M. Growth rate remains consistent with historical average.
What is NIC's long-term revenue growth rate?
Nicolet Bankshares, Inc.'s 5-year revenue CAGR of +21.0% reflects the sustained expansion pattern. Current YoY growth of +5.2% is near this long-term average.
How is NIC's revenue distributed by segment?
NIC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.