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Firstsun Capital Bancorp vs Nicolet Bankshares: FSUN and NIC compared
Firstsun Capital Bancorp is the larger company: $180M of revenue in its latest quarter (Q3 2026) against $174M for Nicolet Bankshares (Q3 2026). Nicolet Bankshares is growing faster (+70% against +68% a year earlier). Nicolet Bankshares is more profitable, with an operating margin of 46.5% against 27.1%.
Where the money goes: FSUN and NIC
Firstsun Capital Bancorp (FSUN) · Q3 2026
Firstsun Capital Bancorp, Q3 2026: revenue $180M (+68% year over year), operating margin 27.1%, net earnings $38.4M, operating cash flow $50.9M. The chart follows the revenue to costs, profit and cash.
Nicolet Bankshares (NIC) · Q3 2026
Nicolet Bankshares, Q3 2026: revenue $174M (+70% year over year), operating margin 46.5%, net earnings $63.7M, operating cash flow $72.7M. The chart follows the revenue to costs, profit and cash.
| Firstsun Capital Bancorp (FSUN) | Nicolet Bankshares (NIC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $180M | $174M |
| Revenue growth, Y/Y | +68% | +70% |
| Operating margin | 27.1% | 46.5% |
| Net earnings | $38.4M | $63.7M |
| Net margin | 21.4% | 36.5% |
| Operating cash flow | $50.9M | $72.7M |
| Free cash flow | $48.4M | $67.1M |
Where the revenue comes from
Firstsun Capital Bancorp
- Net interest income: $140M (78%)
- Noninterest income: $39.4M (22%)
Nicolet Bankshares
- Net interest income: $142M (82%)
- Noninterest income: $32.2M (18%)
Questions
Which is bigger, Firstsun Capital Bancorp or Nicolet Bankshares?
Firstsun Capital Bancorp is the larger company: $180M of revenue in its latest quarter (Q3 2026) against $174M for Nicolet Bankshares (Q3 2026).
Is Firstsun Capital Bancorp or Nicolet Bankshares growing faster?
Nicolet Bankshares is growing faster (+70% against +68% a year earlier).
Which is more profitable, Firstsun Capital Bancorp or Nicolet Bankshares?
Nicolet Bankshares is more profitable, with an operating margin of 46.5% against 27.1%.
More: Firstsun Capital Bancorp earnings · how Firstsun Capital Bancorp makes money · Nicolet Bankshares earnings · how Nicolet Bankshares makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 9, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.