Nicolet BanksharesNIC +2.55%67 ROE % is 3.46% as of Mar. 2026, which is 68% below its 10-year median of 10.65. 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 1,524 Banks companies, Nicolet Bankshares ranks worse than 56.1% on this metric.
The historical rank and industry rank for Nicolet Bankshares's ROE % or its related term are showing as below:
NIC'
s ROE % Range Over the Past 10 Years
Min: 6.12 Med: 10.65 Max: 12.4
Current: 9.38
During the past 13 years, Nicolet Bankshares's highest ROE % was 12.40%. The lowest was 6.12%. And the median was 10.65%.
NIC's ROE % is ranked worse than 56.1% of 1524
companies
in the Banks industry
Industry Median: 10.22
vs NIC: 9.38
Nicolet Bankshares (NYSE:NIC) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Nicolet Bankshares ROE % Related Terms
Nicolet Bankshares ROE % Historical Data
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The historical data trend for Nicolet Bankshares's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Banks Industry
For the Banks industry and Financial Services sector, Nicolet Bankshares's ROE % distribution charts can be found below:
* The bar in red indicates where Nicolet Bankshares's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Nicolet Bankshares (NIC) has a ROE % of 3.46% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Nicolet Bankshares and its competitors. This is 68% below median its historical median of 10.65. Over the past decade, Nicolet Bankshares' ROE % has ranged from 6.12 to 12.40. According to the industry distribution chart, Nicolet Bankshares ranks #855 out of 1524 companies in the Banks industry, placing it in the top 56.1%.
Is Nicolet Bankshares' ROE % too high?
Nicolet Bankshares' current ROE % of 3.46% is 68% below median its 10-year median of 10.65. Over the past 10 years, this metric has ranged from a low of 6.12 to a high of 12.40. The Banks industry median ROE % is 10.22. Nicolet Bankshares' value of 3.46% is 66.1% below this industry median. Based on the distribution chart, Nicolet Bankshares ranks #855 out of 1524 companies in the Banks industry, which is below 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' ROE % compare to BANC and SBCF?
According to the Banks industry distribution chart, Nicolet Bankshares ranks #855 out of 1524 companies for ROE %. This places Nicolet Bankshares in the lower half of its industry. The industry median ROE % is 10.22. Nicolet Bankshares' value of 3.46% is 66.1% below this benchmark. Historically, Nicolet Bankshares' own ROE % has ranged from 6.12 to 12.40 over the past decade. While the company's 10-year median is 10.65 vs. the industry median of 10.22, 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 ROE % for a Banks company?
The median ROE % among Banks companies is 10.22, based on 1,524 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nicolet Bankshares's current ROE % of 3.46% is 66.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Nicolet Bankshares and its competitors. For the Banks industry, the median ROE % is 10.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nicolet Bankshares's current ROE % is 3.46%, which is 68% below median its own 10-year median of 10.65. 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 ROE % is 3.46%, which is 68% below median its 10-year median of 10.65 and 66.1% below the Banks industry median of 10.22. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Nicolet Bankshares (NIC), the current ROE % is 3.46% 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:
ROE %: 3.46% (68% below median its 10-year median of 10.65)
GF Value™: $134.48 vs. price of $156.23 (16.2% above fair value)
Industry Position: 66.1% below the Banks median (#855 of 1524)
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
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