Nicolet Bankshares, Inc. (NIC)

Nicolet Bankshares Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	176.15	150.69	124.06	61.52	94.26	60.65
Depreciation & Amortization	8.51	14.99	16.95	18.4	7.6	7.59
Gain (Loss) on Sale of Assets	-0.26	-0.09	-1.33	-0.06	-2.97	-0.47
Gain (Loss) on Sale of Investments	-1.07	-1.07	-2.88	32.87	-0.16	-3.71
Provision for Credit Losses	10.25	4.25	3.85	4.99	11.5	14.9
Net Decrease (Increase) in Loans Originated / Sold - Operating	10.33	0.77	1.8	0.33	7.53	31.14
Accrued Interest Receivable	13.67	-5.2	11.74	-5.34	0.07	-10.53
Other Operating Activities	-7.37	-10.66	-12.83	-1.38	-2.28	9.32
Operating Cash Flow	209.39	153.54	133.75	107.97	117.4	97.65
Operating Cash Flow Growth	30.92%	14.79%	23.87%	-8.03%	20.22%	23.77%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-14.08	-4.09	-16.92	-18.57	-12.23	-12.79
Sale of Property, Plant and Equipment	2.32	2.32	0.4	0.37	-	-
Cash Acquisitions	165.64	-	-	-	-28.22	367.8
Investment in Securities	-118.52	-22.67	7.29	766.01	93.26	-651.92
Divestitures	26.06	-	-	-	147.83	-
Net Decrease (Increase) in Loans Originated / Sold - Investing	2.04	-206.71	-267.75	-168.8	-731.9	-76.43
Other Investing Activities	-	-	-11.5	0.31	1.76	-
Investing Cash Flow	66.59	-230.75	-288.44	591.46	-516.36	-370.6

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	-	-	-	184.13	-
Long-Term Debt Issued	-	-	-	-	-	103.95
Total Debt Issued	-	-	-	-	184.13	103.95
Short-Term Debt Repaid	-	-	-	-317	-	-
Long-Term Debt Repaid	-	-27.4	-5.17	-59	-20	-187.96
Total Debt Repaid	-141.11	-27.4	-5.17	-376	-20	-187.96
Net Debt Issued (Repaid)	-141.11	-27.4	-5.17	-376	164.13	-84.01
Issuance of Common Stock	6.19	9.66	27.25	11.38	3.28	2.38
Repurchase of Common Stock	-119.54	-89.29	-12.11	-6.03	-61.5	-62.58
Common Dividends Paid	-26.95	-18.66	-16.55	-11.12	-	-
Total Dividends Paid	-26.95	-18.66	-16.55	-11.12	-	-
Net Increase (Decrease) in Deposit Accounts	42	327.09	205.88	19.05	-147.52	210.38
Other Financing Activities	-	-	-	-	-	-0.79
Financing Cash Flow	-239.4	201.4	199.3	-362.73	-41.6	65.38

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	36.57	124.19	44.62	336.71	-440.57	-207.57

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	195.31	149.44	116.83	89.41	105.16	84.86
Free Cash Flow Growth	27.47%	27.91%	30.67%	-14.98%	23.92%	24.60%
Free Cash Flow Margin	33.63%	38.54%	33.72%	32.81%	36.72%	40.33%
Free Cash Flow Per Share	10.11	9.70	7.58	5.93	7.32	7.62

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	208.32	163.58	170.29	138.01	37.43	10.88
Cash Income Tax Paid	46.65	39.16	25.32	23.02	33.56	24.34

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 11, 2026

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