Nicolet Bankshares, Inc. (NIC)

Nicolet Bankshares Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	133.29	150.69	124.06	61.52	94.26	60.65
Depreciation & Amortization	13.35	14.99	16.95	18.4	21.93	13.86
Provision for Credit Losses	8.8	4.25	3.85	4.99	11.5	14.9
Stock-Based Compensation	12.68	7.34	6.64	6.44	7.02	7.31
Net Change in Loans Held-for-Sale	0.39	0.77	1.8	0.33	7.53	31.14
Other Adjustments	-19.19	-22.34	-25.07	26.88	-24.63	-20.7
Changes in Accrued Interest and Accounts Receivable	-6.37	-5.2	11.74	-5.34	0.07	-10.53
Changes in Accounts Payable	-10.28	3.04	-6.22	-5.24	-0.28	1.02
Operating Cash Flow	128.02	153.54	133.75	107.97	117.4	97.65
Operating Cash Flow Growth	-15.86%	14.79%	23.87%	-8.03%	20.22%	23.77%
Net Change in Short-Term Interbank Lending and Reverse Repurchase Agreements	-	-	-	-	9.41	10.97
Net Change in Loans Held-for-Investment	-132.21	-206.71	-267.75	-168.8	-731.9	-76.43
Net Change in Securities and Investments	-58.31	-22.67	7.29	766.01	83.84	-662.89
Payments for Business Acquisitions	165.64	-	-	-	-28.22	367.8
Proceeds from Business Divestments	-	-	-	-	147.83	-
Capital Expenditures	-1.73	-4.09	-16.92	-18.57	-12.23	-12.79
Sale of Property, Plant & Equipment	-	2.32	0.4	0.37	-	-
Other Investing Activities	0.62	0.41	-11.46	12.46	14.91	2.74
Investing Cash Flow	-26.72	-230.75	-288.44	591.46	-516.36	-370.6
Net Change in Deposits	117.1	327.09	205.88	19.05	-147.52	210.38
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	-	-	-	-317	184.13	-
Long-Term Debt Issued	-	-	-	-	-	103.95
Long-Term Debt Repaid	-70.61	-27.4	-5.17	-59	-20	-187.96
Net Long-Term Debt Issued (Repaid)	-70.61	-27.4	-5.17	-59	-20	-84.01
Issuance of Common Stock	13.57	9.66	27.25	11.38	3.28	2.38
Repurchase of Common Stock	-96.83	-89.29	-12.11	-6.03	-61.5	-62.58
Net Common Stock Issued (Repurchased)	-83.26	-79.63	15.14	5.35	-58.22	-60.2
Common Dividends Paid	-21.26	-18.66	-16.55	-11.12	-	-
Other Financing Activities	-	-	-	-	-	-0.79
Financing Cash Flow	-58.03	201.4	199.3	-362.73	-41.6	65.38
Net Cash Flow	43.27	124.19	44.62	336.71	-440.57	-207.57
Free Cash Flow	126.29	149.44	116.83	89.41	105.16	84.86
Free Cash Flow Growth	-15.49%	27.91%	30.67%	-14.98%	23.92%	24.60%
FCF Margin	29.46%	38.54%	33.72%	32.81%	36.72%	40.33%
Free Cash Flow Per Share	7.83	9.70	7.58	5.93	7.32	7.61
Levered Free Cash Flow	57.64	132.03	124.44	-8.23	83.75	-31.8
Unlevered Free Cash Flow	-5.04	8.74	5.56	-10.74	9.49	-8.44

Updated May 6, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q