Nicolet BanksharesNIC +2.55%67 ROA % is 0.49% as of Mar. 2026, which is 63% below its 10-year median of 1.32. GuruFocus rates NIC with a GF Score™ of 67/100 and a GF Value™ of $134.48 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,529 Banks companies, Nicolet Bankshares ranks better than 69.39% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nicolet Bankshares's annualizedNet Income for the quarter that ended in Mar. 2026 was $60.8 Mil.
Nicolet Bankshares's average Total Assets over the quarter that ended in Mar. 2026 was $12,379.8 Mil. Therefore, Nicolet Bankshares's annualized ROA % for the quarter that ended in Mar. 2026 was 0.49%.
The historical rank and industry rank for Nicolet Bankshares's ROA % or its related term are showing as below:
NIC'
s ROA % Range Over the Past 10 Years
Min: 0.71 Med: 1.32 Max: 1.68
Current: 1.29
During the past 13 years, Nicolet Bankshares's highest ROA % was 1.68%. The lowest was 0.71%. And the median was 1.32%.
NIC's ROA % is ranked better than 69.39% of 1529
companies
in the Banks industry
Industry Median: 0.98
vs NIC: 1.29
Nicolet Bankshares (NYSE:NIC) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Nicolet Bankshares ROA % Related Terms
Nicolet Bankshares ROA % Historical Data
* Premium members only.
The historical data trend for Nicolet Bankshares's ROA % 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.
For the Banks - Regional subindustry, Nicolet Bankshares's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Banks Industry
For the Banks industry and Financial Services sector, Nicolet Bankshares's ROA % distribution charts can be found below:
* The bar in red indicates where Nicolet Bankshares's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
Nicolet Bankshares (NIC) has a ROA % of 0.49% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nicolet Bankshares and its competitors. This is 63% below median its historical median of 1.32. Over the past decade, Nicolet Bankshares' ROA % has ranged from 0.71 to 1.68. According to the industry distribution chart, Nicolet Bankshares ranks #468 out of 1529 companies in the Banks industry, placing it in the top 30.6%.
Is Nicolet Bankshares' ROA % too high?
Nicolet Bankshares' current ROA % of 0.49% is 63% below median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 1.68. The Banks industry median ROA % is 0.98. Nicolet Bankshares' value of 0.49% is 50% below this industry median. Based on the distribution chart, Nicolet Bankshares ranks #468 out of 1529 companies in the Banks industry, which is above the industry midpoint. Overall, Nicolet Bankshares has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nicolet Bankshares' ROA % compare to BANC and SBCF?
According to the Banks industry distribution chart, Nicolet Bankshares ranks #468 out of 1529 companies for ROA %. This puts Nicolet Bankshares in the upper half of its industry. The industry median ROA % is 0.98. Nicolet Bankshares' value of 0.49% is 50% below this benchmark. Historically, Nicolet Bankshares' own ROA % has ranged from 0.71 to 1.68 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 0.98, 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 ROA % for a Banks company?
The median ROA % among Banks companies is 0.98, based on 1,529 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nicolet Bankshares's current ROA % of 0.49% is 50% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nicolet Bankshares and its competitors. For the Banks industry, the median ROA % is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nicolet Bankshares's current ROA % is 0.49%, which is 63% below median its own 10-year median of 1.32. 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 $134.48, compared to a current price of $156.23 — trading 16.2% above its estimated fair value. The current ROA % is 0.49%, which is 63% below median its 10-year median of 1.32 and 50% below the Banks industry median of 0.98. Nicolet Bankshares' overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Nicolet Bankshares (NIC), the current ROA % is 0.49% 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 $156.23 is trading 16.2% above its estimated GF Value™ of $134.48.
GuruFocus considers Nicolet Bankshares to be Modestly Overvalued.
Key valuation signals for NIC:
ROA %: 0.49% (63% below median its 10-year median of 1.32)
GF Value™: $134.48 vs. price of $156.23 (16.2% above fair value)
Industry Position: 50% below the Banks median (#468 of 1529)
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.
67GF Score
Get the complete analysis for NIC
ROA % 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 
