Nicolet Bankshares Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	421.15	393.05	341.16	243.68	156.56
Interest Income on Investments	49.8	45.31	41.71	30.24	15
Total Interest Income	470.95	438.37	382.86	273.92	171.56
Interest Paid on Deposits	156.87	161.57	125.82	21.75	10.45
Interest Paid on Borrowings	7.61	8.73	15.52	12.21	3.16
Total Interest Expense	164.48	170.3	141.35	33.96	13.6
Net Interest Income	306.47	268.07	241.52	239.96	157.96
Net Interest Income Growth (YoY)	14.33%	10.99%	0.65%	51.92%	22.13%
Mortgage Banking Activities	12.05	10.18	7.16	8.5	22.16
Gain (Loss) on Sale of Assets	1.16	4.21	-32.81	3.13	4.18
Other Non-Interest Income	64.35	60.69	55.64	40.19	36.01
Total Non-Interest Income	85.57	82.27	35.97	57.92	67.36
Non-Interest Income Growth (YoY)	4.01%	128.70%	-37.89%	-14.02%	7.57%
Revenues Before Loan Losses	392.04	350.33	277.49	297.88	225.32
Provision for Loan Losses	4.25	3.85	4.99	11.5	14.9
Revenue	387.79	346.48	272.5	286.38	210.42
Revenue Growth (YoY)	11.92%	27.15%	-4.85%	36.10%	15.83%
Salaries and Employee Benefits	115.31	102.48	93.27	82.4	64.02
Occupancy Expenses	36.63	32.47	33.59	27.5	18.91
Federal Deposit Insurance	4.01	4	4	1.92	2.04
Amortization of Goodwill & Intangibles	5.74	6.88	8.07	6.62	3.49
Selling, General & Administrative	26.58	34.69	36.16	31.53	25.25
Other Non-Interest Expense	10.62	10.14	9.99	8.32	8.25
Total Non-Interest Expense	198.88	191.35	185.68	158.98	122.75
EBT Excluding Unusual Items	188.91	155.13	86.82	127.4	87.67
Pretax Income	186.96	155.13	86.63	125.74	81.12
Income Tax Expense	36.27	31.07	25.12	31.48	20.47
Earnings From Continuing Operations	150.69	124.06	61.52	94.26	60.65
Net Income	150.69	124.06	61.52	94.26	60.65
Net Income to Common	150.69	124.06	61.52	94.26	60.65
Net Income Growth	21.46%	101.67%	-34.74%	55.41%	0.88%
Basic Shares Outstanding	15	15	15	14	11
Diluted Shares Outstanding	15	15	15	14	11
Shares Change (YoY)	-0.08%	2.29%	4.84%	28.98%	5.73%
EPS (Basic)	10.06	8.24	4.17	6.78	5.65
EPS (Diluted)	9.78	8.05	4.08	6.56	5.44
EPS Growth	21.49%	97.30%	-37.80%	20.59%	-4.56%
Dividend Per Share	1.240	1.090	0.750	-	-
Dividend Growth	13.76%	45.33%	-	-	-
Effective Tax Rate	19.40%	20.03%	28.99%	25.03%	25.23%

Updated Jan 20, 2026. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q