Nicolet Bankshares, Inc. (NIC)

Nicolet Bankshares Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	272.5	286.38	210.42	181.66	168.25
Revenue Growth (YoY)	-4.85%	36.10%	15.83%	7.98%	16.39%
Gross Profit	272.5	286.38	210.42	181.66	168.25
Selling, General & Admin	163.01	141.43	109.07	89.73	84.86
Other Operating Expenses	22.85	19.22	20.23	10.99	11.94
Operating Expenses	185.87	160.64	129.3	100.72	96.8
Operating Income	86.63	125.74	81.12	80.95	71.45
Other Expense / Income	-	-	-	0.35	0.35
Pretax Income	86.63	125.74	81.12	80.6	71.1
Income Tax	25.12	31.48	20.47	20.48	16.46
Net Income	61.52	94.26	60.65	60.12	54.64
Net Income Growth	-34.74%	55.41%	0.88%	10.03%	33.15%
Shares Outstanding (Basic)	15	14	11	10	10
Shares Outstanding (Diluted)	15	14	11	11	10
Shares Change	4.84%	28.98%	5.73%	6.47%	-0.56%
EPS (Basic)	4.17	6.78	5.65	5.82	5.71
EPS (Diluted)	4.08	6.56	5.44	5.70	5.52
EPS Growth	-37.80%	20.59%	-4.56%	3.26%	33.98%
Free Cash Flow	89.77	105.16	84.86	68.11	53.75
Free Cash Flow Per Share	6.09	7.56	7.91	6.59	5.62
Dividend Per Share	0.750	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	31.79%	43.91%	38.55%	44.56%	42.47%
Profit Margin	22.57%	32.91%	28.82%	33.10%	32.48%
Free Cash Flow Margin	32.94%	36.72%	40.33%	37.49%	31.94%
Effective Tax Rate	28.99%	25.03%	25.23%	25.41%	23.15%
EBITDA	105.04	147.67	94.98	91.28	78.41
EBITDA Margin	38.55%	51.56%	45.14%	50.25%	46.60%
Depreciation & Amortization	18.4	21.93	13.86	10.69	7.31
EBIT	86.63	125.74	81.12	80.6	71.1
EBIT Margin	31.79%	43.91%	38.55%	44.37%	42.26%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).