First Merchants vs Nicolet Bankshares
FRME and NIC side by side, both in commercial banks. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How FRME and NIC compare
Nicolet Bankshares is the larger company, worth 1.4 times as much as First Merchants ($3.6B against $2.6B).
On earnings, First Merchants is cheaper: it trades at 12.7× trailing earnings, against 19.3× for Nicolet Bankshares.
Nicolet Bankshares grew revenue faster over the last twelve months (55.3% versus 8.5% for First Merchants).
Nicolet Bankshares keeps more of each dollar of sales as profit, with a net margin of 29.8% compared with 27.3% at First Merchants.
Both pay dividends: First Merchants yields 3.6% and Nicolet Bankshares 0.78%.
Nicolet Bankshares scores higher on the StockData Score (13 against 11 for First Merchants), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | FRME | NIC |
|---|---|---|
| Size and price | ||
| Market cap | $2.6B | $3.6B |
| Share price | $40.90 | $174.08 |
| Change, 1 year | 14.0% | 39.6% |
| Change, 5 years | −1.7% | 138% |
| Beta (5Y) | 0.68 | 0.67 |
| Employees | 2,086 | 986 |
| StockData Score | ||
| Total score | 11 | 13 (better) |
| Valuation score | 3 (better) | 0 |
| Growth score | 0 | 3 (better) |
| Performance score | 1 | 2 (better) |
| Health score | 4 | 5 (better) |
| Dividend score | 3 | 3 |
| Valuation | ||
| P/E | 12.7× (better) | 19.3× |
| P/S | 3.5× (better) | 6.1× |
| P/B | 1.0× (better) | 1.6× |
| P/FCF | – | 18.5× |
| PEG | 20.80 | 1.35 (better) |
| FCF yield | – | 5.4% |
| Fair value | $41.97 | $130.97 |
| Margin of safety | 2.5% (better) | −32.9% |
| Growth | ||
| Revenue growth (TTM) | 8.5% | 55.3% (better) |
| Revenue growth, 5Y average | 6.1% | 15.4% (better) |
| Net income growth (TTM) | −15.3% | 21.6% (better) |
| EPS growth (TTM) | −19.3% | −3.3% (better) |
| EPS growth, 5Y average | 7.2% | 11.4% (better) |
| Profitability | ||
| Net margin | 27.3% | 29.8% (better) |
| FCF margin | – | 33.0% |
| Return on equity | 7.8% | 10.2% (better) |
| Financial health | ||
| Debt / equity | – | 0.00 |
| Altman Z-score | 0.22 | 0.28 (better) |
| Piotroski F-score | 7 (better) | 6 |
| Dividends and buybacks | ||
| Dividend yield | 3.6% (better) | 0.78% |
| Payout ratio | 45.6% | 15.3% |
| Years of dividend growth | 14 (better) | 2 |
| Dividend growth, 5Y average | 6.6% | – |
| Buyback yield | 2.4% | 2.8% (better) |
| Shareholder yield | 5.9% (better) | 3.6% |
| Ownership | ||
| Held by institutions | 74.5% | 63.3% |
| Held by insiders | 2.2% | 8.9% |
| Insider net buying, 12 months | −$1.7M (better) | −$4.0M |
| Short interest, % of float | – | 5.9% |
Go deeper
- FRME stock overview
- FRME income statement
- FRME valuation and score
- NIC stock overview
- NIC income statement
- NIC valuation and score
For information only, not investment advice. Check the source filings before relying on any figure.