Nicolet Bankshares has had an impressive run over the past six months as its shares have beaten the S&P 500 by 9%. The stock now trades at $117.07, marking a 11% gain. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
Is now still a good time to buy NIC? Or are investors being too optimistic? Find out in our full research report, it’s free.
Why Is Nicolet Bankshares a Good Business?
Starting as Green Bay Financial Corporation in 2000 before rebranding in 2002, Nicolet Bankshares (NYSE: NIC) is a regional bank holding company that provides commercial, agricultural, and consumer banking services primarily in Wisconsin, Michigan, and Minnesota.
1. Skyrocketing Revenue Shows Strong Momentum
Two primary revenue streams drive bank earnings. While net interest income, which is earned by charging higher rates on loans than paid on deposits, forms the foundation, fee-based services across banking, credit, wealth management, and trading operations provide additional income.
Thankfully, Nicolet Bankshares’s 15.5% annualized revenue growth over the last five years was incredible. Its growth surpassed the average bank company and shows its offerings resonate with customers. 
2. Net Interest Income Skyrockets, Fueling Growth Opportunities
Markets consistently prioritize net interest income growth over fee-based revenue, recognizing its superior quality and recurring nature compared to the more unpredictable non-interest income streams.
Nicolet Bankshares’s net interest income has grown at a 20.4% annualized rate over the last four years, much better than the broader bank industry.
3. Outstanding Long-Term EPS Growth
We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable.
Nicolet Bankshares’s EPS grew at an astounding 10.7% compounded annual growth rate over the last five years. This performance was better than most bank businesses.
Final Judgment
These are just a few reasons why Nicolet Bankshares ranks highly on our list, and with its shares beating the market recently, the stock trades at 1.4× forward P/B (or $117.07 per share). Is now a good time to initiate a position? See for yourself in our full research report, it’s free.
Stocks We Like Even More Than Nicolet Bankshares
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