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Nicolet Bankshares NIC Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

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$494.87M+46.6%
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$671M+1.4%
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NBT BancorpNBTB
$319.4M+17.5%

Other financials

Income statement

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Revenue$134.9M+50.8%
Net income$15.2M-53.4%
EPS (diluted)$0.81-61.1%

Balance sheet

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Cash & equivalents$615.5M+7.6%
Total debt$180.0M+14.9%
Total equity$2.3B+90.7%
Total assets$15.6B+73.5%

Cash flow

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Operating cash flow$16.3M-61.1%
CapEx$1.2M+157%
Free cash flow$15.1M-63.5%

Valuation

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Market cap$3.24B+91.7%
Enterprise value$2.8B+121%
P/E24.3×+11.2×
P/S7.4×+2.7×

Profitability

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Net margin30.5%-5.6pp
FCF margin28.2%-10.5pp

Returns & leverage

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Return on equity7.7%-3.7pp
Debt / equity0.1×-0.1×

Where this comes from

Reported directly by Nicolet Bankshares in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.

The official record: Nicolet Bankshares’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nicolet Bankshares's bank owned life insurance?
Nicolet Bankshares (NIC) reported bank owned life insurance of $293.79M in Q1 2026.
How has Nicolet Bankshares's bank owned life insurance changed year-over-year?
Nicolet Bankshares's bank owned life insurance increased by 56.4% year-over-year, from $187.9M to $293.79M.
What is the long-term trend for Nicolet Bankshares's bank owned life insurance?
Over 5 years (2020 to 2025), Nicolet Bankshares's bank owned life insurance has grown at a 18.2% compound annual growth rate (CAGR), from $83.26M to $192.5M.
What does bank owned life insurance mean?
Bank Owned Life Insurance (BOLI) represents life insurance policies purchased by the bank on the lives of its key employees, where the bank is the beneficiary. The cash surrender value of these policies is recorded as an asset, providing a tax-advantaged method to offset the costs of employee benefit plans. It serves as a long-term financial instrument that contributes to non-interest income over time.