Nicolet Bankshares Inc Dossier
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SectorFinancials IndustryBanks - Regional Beta (adjusted)0.76 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $163.62Price as of 1 Oct 2026 Data confidence Sign in to view data confidence Market Cap $3.4B Enterprise Value $3.1B Shares Outstanding 20.1M diluted Next Earnings Date20 Oct 2026 Last ex-dividend1 Sep 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Nicolet Bankshares (NIC) represents a compelling regional banking growth story following its transformative acquisition of MidWestOne Financial Group in February 2026. The merger added approximately $6 billion in assets, expanding Nicolet's footprint across Wisconsin, Iowa, Michigan, and Minnesota, and positioning it as one of the premier community banks in the Midwest. While near-term GAAP earnings are temporarily pressured by one-off integration costs, the bank's core profitability remains exceptionally strong, highlighted by a core ROAA of 1.68% and a robust net interest margin of 3.98% in Q1 2026. Nicolet's disciplined credit culture, strong core deposit base, and proven track record of successful M&A integration support a positive outlook as cost synergies are realized over the next 12 to 18 months. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$185.00 Mean target$191.80 High · most bullish analyst$200.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $185.00 Integration bottlenecks or higher-than-anticipated deposit beta pressure the net interest margin. A localized economic downturn in the Midwest leads to rising nonperforming assets, particularly in commercial real estate, requiring elevated credit provisions. Base CaseCentral scenario $191.80 Matches the consensus meanSteady integration of MidWestOne with planned cost synergies achieved over 12-18 months. Net interest margin stabilizes near 3.90%-4.00%, and loan growth continues at a moderate single-digit pace. Credit metrics remain manageable with negligible net charge-offs. Bull CaseUpside scenario $200.00 Rapid realization of cost synergies from the MidWestOne merger, combined with stronger-than-expected loan demand in core Midwest markets and continued net interest margin expansion, drives core EPS significantly above consensus. Asset quality remains pristine, allowing for provision releases. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |