Nicolet Bankshares vs Bank Of N.t. Butterfield & Son
Bank Of N.t. Butterfield & Son is the larger business, with $607m of revenue in fiscal 2025 against $392m for Nicolet Bankshares (1.5 times as much). Nicolet Bankshares grew faster (11.9% against 4.6%). Nicolet Bankshares kept more of each dollar of sales as profit: a net margin of 38.4% against 38.2%.
| Latest fiscal year | Nicolet BanksharesNIC, 2025 | Bank Of N.t. Butterfield & SonNTB, 2025 |
|---|---|---|
| Revenue | $392m | $607m |
| Revenue growth | 11.9% | 4.6% |
| Net income | $151m | $232m |
| Operating margin | — | — |
| Net margin | 38.4% | 38.2% |
| Return on equity | 12.4% | 21.4% |
| Free cash flow | $149m | $280m |
| Cash | $660m | $1.71bn |
| Total debt | $135m | $0 |
| Debt to equity | — | — |
| Dividend per share | $1.24 | — |
| Dividend yield | 0.7% | 3.5% |
| Share buybacks | $76.6m | $147m |
| Employees | 986 | — |
| Market value | $3.62bn | $2.22bn |
| Price vs our value range | — | — |
| Moat score | 68 (Moderate) | — |
| Insider trades, 12 months | 2 buys, 11 sales | 1 buys, 15 sales |