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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	415.18	393.05	341.16	243.68	156.56	136.37
Interest Income on Investments	48.37	45.31	41.71	30.24	15	12.83
Total Interest Income	463.55	438.37	382.86	273.92	171.56	149.2
Interest Paid on Deposits	158.39	161.57	125.82	21.75	10.45	16.64
Interest Paid on Borrowings	8.03	8.73	15.52	12.21	3.16	3.22
Total Interest Expense	166.42	170.3	141.35	33.96	13.6	19.86
Net Interest Income	297.13	268.07	241.52	239.96	157.96	129.34
Net Interest Income Growth (YoY)	13.93%	10.99%	0.65%	51.92%	22.13%	11.42%
Trust Income	-	-	-	-	-	6.46
Mortgage Banking Activities	11.73	10.18	7.16	8.5	22.16	29.81
Gain (Loss) on Sale of Assets	1.25	4.21	-32.81	3.13	4.18	-1.81
Other Non-Interest Income	62.49	60.69	55.64	40.19	36.01	23.95
Total Non-Interest Income	83.33	82.27	35.97	57.92	67.36	62.63
Non-Interest Income Growth (YoY)	-2.92%	128.70%	-37.89%	-14.02%	7.57%	17.35%
Revenues Before Loan Losses	380.46	350.33	277.49	297.88	225.32	191.96
Provision for Loan Losses	4.5	3.85	4.99	11.5	14.9	10.3
Revenue	375.96	346.48	272.5	286.38	210.42	181.66
Revenue Growth (YoY)	9.68%	27.15%	-4.85%	36.10%	15.83%	7.98%
Salaries and Employee Benefits	105.62	102.48	93.27	82.4	64.02	51.82
Occupancy Expenses	33.48	32.47	33.59	27.5	18.91	15.22
Federal Deposit Insurance	3.96	4	4	1.92	2.04	0.71
Amortization of Goodwill & Intangibles	6.03	6.88	8.07	6.62	3.49	3.57
Selling, General & Administrative	35.59	34.69	36.16	31.53	25.25	22.19
Other Non-Interest Expense	10.61	10.14	9.99	8.32	8.25	4.3
Total Non-Interest Expense	196	191.35	185.68	158.98	122.75	98.2
EBT Excluding Unusual Items	179.96	155.13	86.82	127.4	87.67	83.47
Pretax Income	179.96	155.13	86.63	125.74	81.12	80.95
Income Tax Expense	35.12	31.07	25.12	31.48	20.47	20.48
Earnings From Continuing Operations	144.84	124.06	61.52	94.26	60.65	60.47
Minority Interest in Earnings	-	-	-	-	-	-0.35
Net Income	144.84	124.06	61.52	94.26	60.65	60.12
Net Income to Common	144.84	124.06	61.52	94.26	60.65	60.12
Net Income Growth	20.46%	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)	1.51%	2.29%	4.84%	28.98%	5.73%	6.47%
EPS (Basic)	9.59	8.24	4.17	6.78	5.65	5.82
EPS (Diluted)	9.34	8.05	4.08	6.56	5.44	5.70
EPS Growth	18.84%	97.30%	-37.80%	20.59%	-4.56%	3.26%
Dividend Per Share	1.200	1.090	0.750	-	-	-
Dividend Growth	13.21%	45.33%	-	-	-	-
Effective Tax Rate	19.52%	20.03%	28.99%	25.03%	25.23%	25.30%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q