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Nicolet Bankshares Valuation Multiples
Discover revenue and EBITDA valuation multiples for Nicolet Bankshares and similar public comparables like Scotiabank Chile, Mechanics Bancorp, Bank of Queensland, Zenith Bank and more.
Nicolet Bankshares Overview
About Nicolet Bankshares
Nicolet Bankshares Inc is a United States-based bank holding company's principal business is banking, consisting of lending and deposit gathering, as well as ancillary banking-related products and services, to businesses and individuals of the communities it serves, and the operational support to deliver, fund and manage. It offers a variety of loans, deposits, and related services to business customers especially small and medium-sized businesses and professional concerns, business deposit products, cash management services, international banking services, business loans, lines of credit, commercial real estate financing, construction loans, agricultural real estate or production loans, and letters of credit, as well as retirement plan services.
Founded
2000
HQ
Employees
978
Website
Sectors
Financials (LTM)
EV
$4B
Nicolet Bankshares Financials
Nicolet Bankshares reported last 12-month revenue of $473M.
In the same LTM period, Nicolet Bankshares generated $173M in net income.
Revenue (LTM)
Nicolet Bankshares P&L
In the most recent fiscal year, Nicolet Bankshares reported revenue of $392M and net income of $151M.
Nicolet Bankshares expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $473M | XXX | $392M | XXX | XXX | XXX |
| EBIT Margin | 49% | XXX | 49% | XXX | XXX | XXX |
| Net Profit | $173M | XXX | $151M | XXX | XXX | XXX |
| Net Margin | 37% | XXX | 38% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Nicolet Bankshares Stock Performance
Nicolet Bankshares has current market cap of $3B, and enterprise value of $4B.
Market Cap Evolution
Nicolet Bankshares' stock price is $158.52.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $3B | 2.1% | XXX | XXX | XXX | $7.06 |
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Start Free TrialNicolet Bankshares Valuation Multiples
Nicolet Bankshares trades at 7.4x EV/Revenue multiple.
EV / Revenue (LTM)
Nicolet Bankshares Financial Valuation Multiples
As of April 11, 2026, Nicolet Bankshares has market cap of $3B and EV of $4B.
Equity research analysts estimate Nicolet Bankshares' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nicolet Bankshares has a P/E ratio of 19.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 7.4x | XXX | 9.0x | XXX | XXX | XXX |
| EV/EBIT | 15.2x | XXX | 18.2x | XXX | XXX | XXX |
| P/E | 19.5x | XXX | 22.5x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 23.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Nicolet Bankshares Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Nicolet Bankshares Margins & Growth Rates
Nicolet Bankshares' revenue in the last 12 month grew by 49%.
Nicolet Bankshares' revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
Nicolet Bankshares Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 49% | XXX | 75% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 30% | XXX | XXX | XXX |
| Opex to Revenue | 49% | XXX | 51% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Nicolet Bankshares Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Scotiabank Chile | XXX | XXX | XXX | XXX | XXX | XXX |
| Mechanics Bancorp | XXX | XXX | XXX | XXX | XXX | XXX |
| Bank of Queensland | XXX | XXX | XXX | XXX | XXX | XXX |
| Zenith Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Central Bank of India | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Nicolet Bankshares M&A Activity
Nicolet Bankshares acquired XXX companies to date.
Last acquisition by Nicolet Bankshares was on XXXXXXXX, XXXXX. Nicolet Bankshares acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Nicolet Bankshares
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNicolet Bankshares Investment Activity
Nicolet Bankshares invested in XXX companies to date.
Nicolet Bankshares made its latest investment on XXXXXXXX, XXXXX. Nicolet Bankshares invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Nicolet Bankshares
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Nicolet Bankshares
| When was Nicolet Bankshares founded? | Nicolet Bankshares was founded in 2000. |
| Where is Nicolet Bankshares headquartered? | Nicolet Bankshares is headquartered in United States. |
| How many employees does Nicolet Bankshares have? | As of today, Nicolet Bankshares has over 978 employees. |
| Who is the CEO of Nicolet Bankshares? | Nicolet Bankshares' CEO is Michael E. Daniels. |
| Is Nicolet Bankshares publicly listed? | Yes, Nicolet Bankshares is a public company listed on NYSE. |
| What is the stock symbol of Nicolet Bankshares? | Nicolet Bankshares trades under NIC ticker. |
| When did Nicolet Bankshares go public? | Nicolet Bankshares went public in 2013. |
| Who are competitors of Nicolet Bankshares? | Nicolet Bankshares main competitors are Scotiabank Chile, Mechanics Bancorp, Bank of Queensland, Zenith Bank. |
| What is the current market cap of Nicolet Bankshares? | Nicolet Bankshares' current market cap is $3B. |
| What is the current revenue of Nicolet Bankshares? | Nicolet Bankshares' last 12 months revenue is $473M. |
| What is the current revenue growth of Nicolet Bankshares? | Nicolet Bankshares revenue growth (NTM/LTM) is 49%. |
| What is the current EV/Revenue multiple of Nicolet Bankshares? | Current revenue multiple of Nicolet Bankshares is 7.4x. |
| Is Nicolet Bankshares profitable? | Yes, Nicolet Bankshares is net-income-positive (as of the last 12 months). |
| What is the current net income of Nicolet Bankshares? | Nicolet Bankshares' last 12 months net income is $173M. |
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