Nicolet Bankshares Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	595.08	421.15	393.05	341.16	243.68	156.56
Interest Income on Investments	84.63	49.8	45.31	41.71	30.24	15
Total Interest Income	679.71	470.95	438.37	382.86	273.92	171.56
Interest Paid on Deposits	198.41	156.87	161.57	125.82	21.75	10.45
Interest Paid on Borrowings	7.14	7.61	8.73	15.52	12.21	3.16
Total Interest Expense	205.55	164.48	170.3	141.35	33.96	13.6
Net Interest Income	474.15	306.47	268.07	241.52	239.96	157.96
Net Interest Income Growth	59.58%	14.33%	10.99%	0.65%	51.92%	22.13%
Trust Income	43.15	29.61	27.45	23.75	-	-
Mortgage Banking Activities	14.44	12.05	10.18	7.16	8.5	22.16
Gain (Loss) on Sale of Assets	1.33	1.16	4.21	-32.81	3.13	4.18
Other Non-Interest Income	44.73	34.74	33.24	31.89	40.19	36.01
Total Non-Interest Income	116.87	85.57	82.27	35.97	57.92	67.36
Non-Interest Income Growth	40.24%	4.01%	128.70%	-37.89%	-14.02%	7.57%
Revenues Before Loan Losses	591.02	392.04	350.33	277.49	297.88	225.32
Provision for Loan Losses	10.25	4.25	3.85	4.99	11.5	14.9
Revenue	580.77	387.79	346.48	272.5	286.38	210.42
Revenue Growth	54.47%	11.92%	27.15%	-4.85%	36.10%	15.83%
Salaries and Employee Benefits	151.76	108.67	102.48	93.27	82.4	64.02
Occupancy Expenses	51.87	34.32	32.47	33.59	27.5	18.91
Federal Deposit Insurance	5.83	4.01	4	4	1.92	2.04
Amortization of Goodwill & Intangibles	17.5	5.74	6.88	8.07	6.62	3.49
Selling, General & Administrative	53.41	35.53	34.69	36.16	31.53	25.25
Other Non-Interest Expense	16.82	9.92	10.14	9.99	8.32	8.25
Total Non-Interest Expense	297.89	198.88	191.35	185.68	158.98	122.75
EBT Excluding Unusual Items	282.88	188.91	155.13	86.82	127.4	87.67
Pretax Income	222.87	186.96	155.13	86.63	125.74	81.12
Income Tax Expense	46.72	36.27	31.07	25.12	31.48	20.47
Earnings From Continuing Operations	176.15	150.69	124.06	61.52	94.26	60.65
Net Income	176.15	150.69	124.06	61.52	94.26	60.65
Net Income to Common	176.15	150.69	124.06	61.52	94.26	60.65
Net Income Growth	21.62%	21.46%	101.67%	-34.74%	55.41%	0.88%
Basic Shares Outstanding	19	15	15	15	14	11
Diluted Shares Outstanding	19	15	15	15	14	11
Shares Change	24.52%	-0.08%	2.29%	4.84%	28.98%	5.73%
EPS (Basic)	9.37	10.06	8.24	4.17	6.78	5.65
EPS (Diluted)	9.12	9.78	8.05	4.08	6.56	5.44
EPS Growth	-2.43%	21.49%	97.30%	-37.80%	20.59%	-4.56%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Dividend Per Share	1.360	1.240	1.090	0.750	-	-
Dividend Growth	13.33%	13.76%	45.33%	-	-	-
Effective Tax Rate	20.96%	19.40%	20.03%	28.99%	25.03%	25.23%

SEC Filings: 10-K · 10-Q