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Side-by-side financial comparison of NICOLET BANKSHARES INC (NIC) and SIMMONS FIRST NATIONAL CORP (SFNC). Click either name above to swap in a different company.
SIMMONS FIRST NATIONAL CORP is the larger business by last-quarter revenue ($197.3M vs $104.0M, roughly 1.9× NICOLET BANKSHARES INC). On growth, SIMMONS FIRST NATIONAL CORP posted the faster year-over-year revenue change (19.6% vs 12.5%). SIMMONS FIRST NATIONAL CORP produced more free cash flow last quarter ($411.4M vs $149.4M). Over the past eight quarters, NICOLET BANKSHARES INC's revenue compounded faster (12.5% CAGR vs 0.6%).
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.
Simmons Bank is a bank with operations in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. It is the primary subsidiary of Simmons First National Corporation, a bank holding company.
NIC vs SFNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.0M | $197.3M |
| Net Profit | $40.3M | — |
| Gross Margin | — | — |
| Operating Margin | 48.3% | — |
| Net Margin | 38.8% | — |
| Revenue YoY | 12.5% | 19.6% |
| Net Profit YoY | 16.9% | — |
| EPS (diluted) | $2.63 | $0.36 |
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.
| Q4 25 | $104.0M | $197.3M | ||
| Q3 25 | $102.9M | $186.7M | ||
| Q2 25 | $95.7M | $214.2M | ||
| Q1 25 | $89.4M | $209.6M | ||
| Q4 24 | $92.4M | $208.5M | ||
| Q3 24 | $90.7M | $174.8M | ||
| Q2 24 | $85.0M | $197.2M | ||
| Q1 24 | $82.2M | $195.1M |
| Q4 25 | $40.3M | — | ||
| Q3 25 | $41.7M | $-562.8M | ||
| Q2 25 | $36.0M | $54.8M | ||
| Q1 25 | $32.6M | $32.4M | ||
| Q4 24 | $34.5M | — | ||
| Q3 24 | $32.5M | $24.7M | ||
| Q2 24 | $29.3M | $40.8M | ||
| Q1 24 | $27.8M | $38.9M |
| Q4 25 | 48.3% | — | ||
| Q3 25 | 50.4% | — | ||
| Q2 25 | 46.8% | — | ||
| Q1 25 | 44.9% | — | ||
| Q4 24 | 46.8% | — | ||
| Q3 24 | 45.0% | — | ||
| Q2 24 | 43.3% | — | ||
| Q1 24 | 41.8% | — |
| Q4 25 | 38.8% | — | ||
| Q3 25 | 40.6% | -301.5% | ||
| Q2 25 | 37.6% | 25.6% | ||
| Q1 25 | 36.4% | 15.5% | ||
| Q4 24 | 37.3% | — | ||
| Q3 24 | 35.8% | 14.1% | ||
| Q2 24 | 34.5% | 20.7% | ||
| Q1 24 | 33.8% | 19.9% |
| Q4 25 | $2.63 | $0.36 | ||
| Q3 25 | $2.73 | $-4.00 | ||
| Q2 25 | $2.34 | $0.43 | ||
| Q1 25 | $2.08 | $0.26 | ||
| Q4 24 | $2.21 | $0.38 | ||
| Q3 24 | $2.10 | $0.20 | ||
| Q2 24 | $1.92 | $0.32 | ||
| Q1 24 | $1.82 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $134.9M | $620.0M |
| Stockholders' EquityBook value | $1.3B | $3.4B |
| Total Assets | $9.2B | $24.5B |
| Debt / EquityLower = less leverage | 0.11× | 0.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.9M | $620.0M | ||
| Q3 25 | $134.6M | $667.8M | ||
| Q2 25 | $134.3M | $1.0B | ||
| Q1 25 | $156.6M | $1.3B | ||
| Q4 24 | $161.4M | $1.1B | ||
| Q3 24 | $161.2M | $1.4B | ||
| Q2 24 | $162.4M | $1.7B | ||
| Q1 24 | $162.3M | $1.2B |
| Q4 25 | $1.3B | $3.4B | ||
| Q3 25 | $1.2B | $3.4B | ||
| Q2 25 | $1.2B | $3.5B | ||
| Q1 25 | $1.2B | $3.5B | ||
| Q4 24 | $1.2B | $3.5B | ||
| Q3 24 | $1.1B | $3.5B | ||
| Q2 24 | $1.1B | $3.5B | ||
| Q1 24 | $1.1B | $3.4B |
| Q4 25 | $9.2B | $24.5B | ||
| Q3 25 | $9.0B | $24.2B | ||
| Q2 25 | $8.9B | $26.7B | ||
| Q1 25 | $9.0B | $26.8B | ||
| Q4 24 | $8.8B | $26.9B | ||
| Q3 24 | $8.6B | $27.3B | ||
| Q2 24 | $8.6B | $27.4B | ||
| Q1 24 | $8.4B | $27.4B |
| Q4 25 | 0.11× | 0.18× | ||
| Q3 25 | 0.11× | 0.20× | ||
| Q2 25 | 0.11× | 0.28× | ||
| Q1 25 | 0.13× | 0.35× | ||
| Q4 24 | 0.14× | 0.32× | ||
| Q3 24 | 0.14× | 0.40× | ||
| Q2 24 | 0.15× | 0.50× | ||
| Q1 24 | 0.15× | 0.36× |
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 | $449.5M |
| Free Cash FlowOCF − Capex | $149.4M | $411.4M |
| FCF MarginFCF / Revenue | 143.7% | 208.5% |
| Capex IntensityCapex / Revenue | 3.9% | 19.3% |
| Cash ConversionOCF / Net Profit | 3.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $275.0M | $717.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.5M | $449.5M | ||
| Q3 25 | $45.9M | $223.4M | ||
| Q2 25 | $38.9M | $77.6M | ||
| Q1 25 | $41.8M | $32.8M | ||
| Q4 24 | $133.7M | $425.9M | ||
| Q3 24 | $39.6M | $199.4M | ||
| Q2 24 | $37.3M | $86.1M | ||
| Q1 24 | $23.4M | $57.6M |
| Q4 25 | $149.4M | $411.4M | ||
| Q3 25 | $45.9M | $216.7M | ||
| Q2 25 | $38.4M | $66.3M | ||
| Q1 25 | $41.3M | $22.6M | ||
| Q4 24 | $116.8M | $380.4M | ||
| Q3 24 | $34.7M | $187.7M | ||
| Q2 24 | $34.4M | $72.7M | ||
| Q1 24 | $20.1M | $47.7M |
| Q4 25 | 143.7% | 208.5% | ||
| Q3 25 | 44.6% | 116.1% | ||
| Q2 25 | 40.1% | 31.0% | ||
| Q1 25 | 46.2% | 10.8% | ||
| Q4 24 | 126.4% | 182.5% | ||
| Q3 24 | 38.3% | 107.4% | ||
| Q2 24 | 40.5% | 36.9% | ||
| Q1 24 | 24.4% | 24.5% |
| Q4 25 | 3.9% | 19.3% | ||
| Q3 25 | 0.0% | 3.6% | ||
| Q2 25 | 0.6% | 5.3% | ||
| Q1 25 | 0.5% | 4.8% | ||
| Q4 24 | 18.3% | 21.8% | ||
| Q3 24 | 5.4% | 6.7% | ||
| Q2 24 | 3.5% | 6.8% | ||
| Q1 24 | 4.0% | 5.0% |
| Q4 25 | 3.81× | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.08× | 1.42× | ||
| Q1 25 | 1.28× | 1.01× | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | 1.22× | 8.06× | ||
| Q2 24 | 1.28× | 2.11× | ||
| Q1 24 | 0.84× | 1.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
