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Bancorp vs Nicolet Bankshares: TBBK and NIC compared
Bancorp is the larger company: $176M of revenue in its latest quarter (Q3 2026) against $174M for Nicolet Bankshares (Q3 2026). Nicolet Bankshares is growing faster (+70% against +0.7% a year earlier). Nicolet Bankshares is more profitable, with an operating margin of 46.5% against 40.8%.
Where the money goes: TBBK and NIC
Bancorp (TBBK) · Q3 2026
Bancorp, Q3 2026: revenue $176M (+0.7% year over year), operating margin 40.8%, net earnings $62.8M, operating cash flow $24.8M. 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.
| Bancorp (TBBK) | Nicolet Bankshares (NIC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $176M | $174M |
| Revenue growth, Y/Y | +0.7% | +70% |
| Operating margin | 40.8% | 46.5% |
| Net earnings | $62.8M | $63.7M |
| Net margin | 35.7% | 36.5% |
| Operating cash flow | $24.8M | $72.7M |
| Free cash flow | $24.4M | $67.1M |
| Market value | $2.0B | — |
| P/E | 8.4× | — |
| Analysts’ mean target | $67.67 | — |
Where the revenue comes from
Bancorp
- Net interest income: $90.1M (51%)
- Noninterest income: $85.8M (49%)
Nicolet Bankshares
- Net interest income: $142M (82%)
- Noninterest income: $32.2M (18%)
Questions
Which is bigger, Bancorp or Nicolet Bankshares?
Bancorp is the larger company: $176M of revenue in its latest quarter (Q3 2026) against $174M for Nicolet Bankshares (Q3 2026).
Is Bancorp or Nicolet Bankshares growing faster?
Nicolet Bankshares is growing faster (+70% against +0.7% a year earlier).
Which is more profitable, Bancorp or Nicolet Bankshares?
Nicolet Bankshares is more profitable, with an operating margin of 46.5% against 40.8%.
More: Bancorp earnings · how 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 5, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.