Nicolet BanksharesNIC -1.24%66 Return-on-Tangible-Equity is 5.62% as of Mar. 2026, which is 66% below its 10-year median of 16.64. GuruFocus rates NIC with a GF Score™ of 66/100 and a GF Value™ of $136.18 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,523 Banks companies, Nicolet Bankshares ranks better than 71.83% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Nicolet Bankshares's annualized net income for the quarter that ended in Mar. 2026 was $60.8 Mil. Nicolet Bankshares's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $1,082.1 Mil. Therefore, Nicolet Bankshares's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 5.62%.
The historical rank and industry rank for Nicolet Bankshares's Return-on-Tangible-Equity or its related term are showing as below:
NIC'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 10.13 Med: 16.64 Max: 18.15
Current: 14.5
During the past 13 years, Nicolet Bankshares's highest Return-on-Tangible-Equity was 18.15%. The lowest was 10.13%. And the median was 16.64%.
NIC's Return-on-Tangible-Equity is ranked better than 71.83% of 1523
companies
in the Banks industry
Industry Median: 11.2
vs NIC: 14.50
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Nicolet Bankshares Return-on-Tangible-Equity Related Terms
Nicolet Bankshares Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Nicolet Bankshares's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NIC vs MCHB, FFBC, CBU: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, Nicolet Bankshares's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nicolet Bankshares Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Nicolet Bankshares's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Nicolet Bankshares's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 5.62% mean?
Nicolet Bankshares (NIC) has a Return-on-Tangible-Equity of 5.62% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nicolet Bankshares and its competitors. This is 66% below median its historical median of 16.64. Over the past decade, Nicolet Bankshares' Return-on-Tangible-Equity has ranged from 10.13 to 18.15. According to the industry distribution chart, Nicolet Bankshares ranks #429 out of 1523 companies in the Banks industry, placing it in the top 28.2%.
Is Nicolet Bankshares' Return-on-Tangible-Equity too high?
Nicolet Bankshares' current Return-on-Tangible-Equity of 5.62% is 66% below median its 10-year median of 16.64. Over the past 10 years, this metric has ranged from a low of 10.13 to a high of 18.15. The Banks industry median Return-on-Tangible-Equity is 11.20. Nicolet Bankshares' value of 5.62% is 49.8% below this industry median. Based on the distribution chart, Nicolet Bankshares ranks #429 out of 1523 companies in the Banks industry, which is above the industry midpoint. Overall, Nicolet Bankshares has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nicolet Bankshares' Return-on-Tangible-Equity compare to MCHB and FFBC?
According to the Banks industry distribution chart, Nicolet Bankshares ranks #429 out of 1523 companies for Return-on-Tangible-Equity. This puts Nicolet Bankshares in the upper half of its industry. The industry median Return-on-Tangible-Equity is 11.20. Nicolet Bankshares' value of 5.62% is 49.8% below this benchmark. Historically, Nicolet Bankshares' own Return-on-Tangible-Equity has ranged from 10.13 to 18.15 over the past decade. While the company's 10-year median is 16.64 vs. the industry median of 11.20, Nicolet Bankshares has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.20, based on 1,523 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nicolet Bankshares's current Return-on-Tangible-Equity of 5.62% is 49.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Nicolet Bankshares and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nicolet Bankshares's current Return-on-Tangible-Equity is 5.62%, which is 66% below median its own 10-year median of 16.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nicolet Bankshares stock overvalued right now?
Based on GuruFocus' analysis, Nicolet Bankshares (NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is $136.18, compared to a current price of $166.72 — trading 22.4% above its estimated fair value. The current Return-on-Tangible-Equity is 5.62%, which is 66% below median its 10-year median of 16.64 and 49.8% below the Banks industry median of 11.20. Nicolet Bankshares' overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Nicolet Bankshares (NIC), the current Return-on-Tangible-Equity is 5.62% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nicolet Bankshares (NIC) Overvalued in 2026?
Based on GuruFocus' analysis, Nicolet Bankshares stock appears to be overvalued.
The current stock price of $166.72 is trading 22.4% above its estimated GF Value™ of $136.18.
GuruFocus considers Nicolet Bankshares to be Modestly Overvalued.
Key valuation signals for NIC:
Return-on-Tangible-Equity: 5.62% (66% below median its 10-year median of 16.64)
GF Value™: $136.18 vs. price of $166.72 (22.4% above fair value)
Industry Position: 49.8% below the Banks median (#429 of 1523)
No single metric tells the full story. See the NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
66GF Score
Get the complete analysis for NIC
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NIC has been successfully added to your 
