All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
3 warning events since 2017; the latest 2022-05-10.
From the record
Nicolet Bankshares,Inc.'s filings since 2017 show 3 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2022-05-10); an auditor change (8-K item 4.01, 2 times, the latest 2021-06-03) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+22.6% a year over 10 filed years; profitable in 10 of 10.
From the record
Nicolet Bankshares,Inc.'s 10 filed years say what it did: revenue went from $75 million in fiscal 2016 to $471 million in fiscal 2025, up 22.6% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 10 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 2.3% a year. 34% of cash flow returned. Insiders: 14 sales, 1 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Nicolet Bankshares,Inc.'s diluted share count grew about 2.3% a year, and dividends and buybacks returned about 34% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 14 sales and 1 purchase of their own stock on the open market in the year to 2026-11-09, buying about $3 thousand (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 12%: 12¢ of profit per shareholder dollar. Leverage 86%: owes 86¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Nicolet Bankshares,Inc. earned about 12 cents of profit for every dollar of shareholders' money. Leverage: it owed about 86 cents per dollar of assets, and net share issuance: its share count shrank 0.1% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 39% of 79 in its family; net margin 32%.
From the record
Nicolet Bankshares,Inc.'s standing among 79 graded names in its industry family: revenue of $471 million in fiscal 2025 ranks in the bottom 40% by size; a net margin of 32% ranks in the top 11%; revenue growth of 19.8% a year over the last 3 filed years ranks in the top 45% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 29% of 74 in its family for leadership; chief executive since 2021.
From the record
Nicolet Bankshares,Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Daniels, Michael E (Chairman, President & CEO, as filed), filing under that title since 2021-11-15, 5 years (bottom 37% of its family); the 22 officers and directors filing in the last fifteen months have been on the record a median of 9.5 years (top 18%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 22 people in charge now (top 7%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 20% of 71 in its family for room to expand.
From the record
Nicolet Bankshares,Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $660 million against debt of $135 million leaves 5.7% of its assets as net cash, top 24% of its family; cash from operations less capital spending is 31.7% of revenue (top 15%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 40% of 79 in its family for growth drivers.
From the record
Nicolet Bankshares,Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 19.8% a year over the last three filed years against 22.6% over all 10, slowing (bottom 16% of its family); the newest year grew 7.4% (top 27%); capital spending grew 1.1% a year (bottom 30%) (its annual reports). Nicolet Bankshares,Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 23% of 76 in its family for expectations against reality.
From the record
Nicolet Bankshares,Inc.'s newest year against its own record: revenue of $471 million in fiscal 2025 came in 15.1% below the $554 million its prior three years' pace pointed to (top 44% of its family); net income of $151 million against a prior three-year average of $93 million (top 16%); a net margin of 32% against 26.3% before (top 10%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made