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Side-by-side financial comparison of FIRSTSUN CAPITAL BANCORP (FSUN) and NICOLET BANKSHARES INC (NIC). Click either name above to swap in a different company.
FIRSTSUN CAPITAL BANCORP is the larger business by last-quarter revenue ($110.0M vs $104.0M, roughly 1.1× NICOLET BANKSHARES INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 19.6%, a 19.1% gap on every dollar of revenue. Over the past eight quarters, NICOLET BANKSHARES INC's revenue compounded faster (12.5% CAGR vs 6.9%).
FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.
Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.
FSUN vs NIC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.0M | $104.0M |
| Net Profit | $21.6M | $40.3M |
| Gross Margin | — | — |
| Operating Margin | — | 48.3% |
| Net Margin | 19.6% | 38.8% |
| Revenue YoY | — | 12.5% |
| Net Profit YoY | -8.4% | 16.9% |
| EPS (diluted) | $0.76 | $2.63 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $110.0M | — | ||
| Q4 25 | $110.2M | $104.0M | ||
| Q3 25 | $107.3M | $102.9M | ||
| Q2 25 | $105.6M | $95.7M | ||
| Q1 25 | $96.2M | $89.4M | ||
| Q4 24 | $98.7M | $92.4M | ||
| Q3 24 | $98.2M | $90.7M | ||
| Q2 24 | $96.2M | $85.0M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.8M | $40.3M | ||
| Q3 25 | $23.2M | $41.7M | ||
| Q2 25 | $26.4M | $36.0M | ||
| Q1 25 | $23.6M | $32.6M | ||
| Q4 24 | $16.4M | $34.5M | ||
| Q3 24 | $22.4M | $32.5M | ||
| Q2 24 | $24.6M | $29.3M |
| Q1 26 | — | — | ||
| Q4 25 | 29.0% | 48.3% | ||
| Q3 25 | 26.4% | 50.4% | ||
| Q2 25 | 31.2% | 46.8% | ||
| Q1 25 | 30.9% | 44.9% | ||
| Q4 24 | 20.4% | 46.8% | ||
| Q3 24 | 29.1% | 45.0% | ||
| Q2 24 | 32.3% | 43.3% |
| Q1 26 | 19.6% | — | ||
| Q4 25 | 22.5% | 38.8% | ||
| Q3 25 | 21.6% | 40.6% | ||
| Q2 25 | 25.0% | 37.6% | ||
| Q1 25 | 24.5% | 36.4% | ||
| Q4 24 | 16.6% | 37.3% | ||
| Q3 24 | 22.8% | 35.8% | ||
| Q2 24 | 25.5% | 34.5% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $0.89 | $2.63 | ||
| Q3 25 | $0.82 | $2.73 | ||
| Q2 25 | $0.93 | $2.34 | ||
| Q1 25 | $0.83 | $2.08 | ||
| Q4 24 | $0.57 | $2.21 | ||
| Q3 24 | $0.79 | $2.10 | ||
| Q2 24 | $0.88 | $1.92 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $413.7M | — |
| Total DebtLower is stronger | — | $134.9M |
| Stockholders' EquityBook value | $1.2B | $1.3B |
| Total Assets | $8.6B | $9.2B |
| Debt / EquityLower = less leverage | — | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $413.7M | — | ||
| Q4 25 | $652.6M | — | ||
| Q3 25 | $659.9M | — | ||
| Q2 25 | $785.1M | — | ||
| Q1 25 | $621.4M | — | ||
| Q4 24 | $615.9M | — | ||
| Q3 24 | $573.7M | — | ||
| Q2 24 | $535.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $134.9M | ||
| Q3 25 | — | $134.6M | ||
| Q2 25 | — | $134.3M | ||
| Q1 25 | — | $156.6M | ||
| Q4 24 | — | $161.4M | ||
| Q3 24 | — | $161.2M | ||
| Q2 24 | — | $162.4M |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $996.6M | $1.1B |
| Q1 26 | $8.6B | — | ||
| Q4 25 | $8.5B | $9.2B | ||
| Q3 25 | $8.5B | $9.0B | ||
| Q2 25 | $8.4B | $8.9B | ||
| Q1 25 | $8.2B | $9.0B | ||
| Q4 24 | $8.1B | $8.8B | ||
| Q3 24 | $8.1B | $8.6B | ||
| Q2 24 | $8.0B | $8.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $153.5M |
| Free Cash FlowOCF − Capex | — | $149.4M |
| FCF MarginFCF / Revenue | — | 143.7% |
| Capex IntensityCapex / Revenue | — | 3.9% |
| Cash ConversionOCF / Net Profit | — | 3.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | $275.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $111.5M | $153.5M | ||
| Q3 25 | $49.4M | $45.9M | ||
| Q2 25 | $15.0M | $38.9M | ||
| Q1 25 | $26.4M | $41.8M | ||
| Q4 24 | $101.1M | $133.7M | ||
| Q3 24 | $48.1M | $39.6M | ||
| Q2 24 | $20.9M | $37.3M |
| Q1 26 | — | — | ||
| Q4 25 | $104.0M | $149.4M | ||
| Q3 25 | $47.6M | $45.9M | ||
| Q2 25 | $13.0M | $38.4M | ||
| Q1 25 | $24.3M | $41.3M | ||
| Q4 24 | $95.7M | $116.8M | ||
| Q3 24 | $47.1M | $34.7M | ||
| Q2 24 | $19.9M | $34.4M |
| Q1 26 | — | — | ||
| Q4 25 | 94.3% | 143.7% | ||
| Q3 25 | 44.4% | 44.6% | ||
| Q2 25 | 12.3% | 40.1% | ||
| Q1 25 | 25.3% | 46.2% | ||
| Q4 24 | 97.0% | 126.4% | ||
| Q3 24 | 47.9% | 38.3% | ||
| Q2 24 | 20.6% | 40.5% |
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 3.9% | ||
| Q3 25 | 1.6% | 0.0% | ||
| Q2 25 | 1.9% | 0.6% | ||
| Q1 25 | 2.1% | 0.5% | ||
| Q4 24 | 5.5% | 18.3% | ||
| Q3 24 | 1.1% | 5.4% | ||
| Q2 24 | 1.1% | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.49× | 3.81× | ||
| Q3 25 | 2.13× | 1.10× | ||
| Q2 25 | 0.57× | 1.08× | ||
| Q1 25 | 1.12× | 1.28× | ||
| Q4 24 | 6.18× | 3.88× | ||
| Q3 24 | 2.15× | 1.22× | ||
| Q2 24 | 0.85× | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSUN
| Net Interest Income | $82.8M | 75% |
| Noninterest Income | $27.2M | 25% |
NIC
Segment breakdown not available.
