Nicolet Bankshares, Inc. (NIC)

Nicolet Bankshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	408.07	393.05	341.16	243.68	156.56	136.37
Interest Income on Investments	47.76	45.31	41.71	30.24	15	12.83
Total Interest Income	455.84	438.37	382.86	273.92	171.56	149.2
Interest Paid on Deposits	161.14	161.57	125.82	21.75	10.45	16.64
Interest Paid on Borrowings	8.47	8.73	15.52	12.21	3.16	3.22
Total Interest Expense	169.6	170.3	141.35	33.96	13.6	19.86
Net Interest Income	286.23	268.07	241.52	239.96	157.96	129.34
Net Interest Income Growth (YoY)	12.73%	10.99%	0.65%	51.92%	22.13%	11.42%
Trust Income	-	-	-	-	-	6.46
Mortgage Banking Activities	11.01	10.18	7.16	8.5	22.16	29.81
Gain (Loss) on Sale of Assets	1.13	4.21	-32.81	3.13	4.18	-1.81
Other Non-Interest Income	62.17	60.69	55.64	40.19	36.01	23.95
Total Non-Interest Income	82.09	82.27	35.97	57.92	67.36	62.63
Non-Interest Income Growth (YoY)	2.61%	128.70%	-37.89%	-14.02%	7.57%	17.35%
Revenues Before Loan Losses	368.32	350.33	277.49	297.88	225.32	191.96
Provision for Loan Losses	4.3	3.85	4.99	11.5	14.9	10.3
Revenue	364.02	346.48	272.5	286.38	210.42	181.66
Revenue Growth (YoY)	10.19%	27.15%	-4.85%	36.10%	15.83%	7.98%
Salaries and Employee Benefits	105.32	102.48	93.27	82.4	64.02	51.82
Occupancy Expenses	33.27	32.47	33.59	27.5	18.91	15.22
Federal Deposit Insurance	3.95	4	4	1.92	2.04	0.71
Amortization of Goodwill & Intangibles	6.31	6.88	8.07	6.62	3.49	3.57
Selling, General & Administrative	34.86	34.69	36.16	31.53	25.25	22.19
Other Non-Interest Expense	10.65	10.14	9.99	8.32	8.25	4.3
Total Non-Interest Expense	195.06	191.35	185.68	158.98	122.75	98.2
EBT Excluding Unusual Items	168.96	155.13	86.82	127.4	87.67	83.47
Pretax Income	168.96	155.13	86.63	125.74	81.12	80.95
Income Tax Expense	33.34	31.07	25.12	31.48	20.47	20.48
Earnings From Continuing Operations	135.62	124.06	61.52	94.26	60.65	60.47
Minority Interest in Earnings	-	-	-	-	-	-0.35
Net Income	135.62	124.06	61.52	94.26	60.65	60.12
Net Income to Common	135.62	124.06	61.52	94.26	60.65	60.12
Net Income Growth	29.31%	101.67%	-34.74%	55.41%	0.88%	10.03%
Basic Shares Outstanding	15	15	15	14	11	10
Diluted Shares Outstanding	16	15	15	14	11	11
Shares Change (YoY)	2.35%	2.29%	4.84%	28.98%	5.73%	6.47%
EPS (Basic)	8.95	8.24	4.17	6.78	5.65	5.82
EPS (Diluted)	8.72	8.05	4.08	6.56	5.44	5.70
EPS Growth	26.37%	97.30%	-37.80%	20.59%	-4.56%	3.26%
Dividend Per Share	1.160	1.090	0.750	-	-	-
Dividend Growth	12.62%	45.33%	-	-	-	-
Effective Tax Rate	19.73%	20.03%	28.99%	25.03%	25.23%	25.30%

Updated Jul 15, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q