Nicolet Bankshares, Inc. (NIC) — Financial statements
Income statement, balance sheet, and cash flow for Nicolet Bankshares, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 553↑6.4% | 519↑24.6% | 417↑25.5% | 332↑38.9% | 239 | |
| Cost of Revenue | 169↓3.1% | 174↑20.9% | 144↑216.8% | 45↑59.5% | 29 | |
| Gross Profit | 384↑11.2% | 345↑26.5% | 273↓4.8% | 287↑36.1% | 211 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 152↑35.2% | 112↑9.0% | 103↑13.8% | 91↑24.7% | 73 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 8↑6.9% | 8↓8.1% | 8↑56.8% | 5 | |
| SG&A Expenses | 152↑25.8% | 121↑8.9% | 111↑11.9% | 99↑27.0% | 78 | |
| Other Expenses | 45↓35.2% | 69↓7.9% | 75↑21.9% | 62↑20.3% | 51 | |
| Operating Expenses | 197↑3.6% | 190↑2.1% | 186↑15.8% | 161↑24.3% | 129 | |
| Total Costs & Expenses | 366↑0.4% | 364↑10.3% | 330↑60.0% | 206↑30.7% | 158 | |
| Operating Results | ||||||
| Operating Income | 187↑20.5% | 155↑79.1% | 87↓31.1% | 126↑55.0% | 81 | |
| Depreciation & Amortization | 0.00↓100.0% | 17↓7.9% | 18↓16.1% | 22↑58.3% | 14 | |
| EBITDA | 187↑8.6% | 172↑63.8% | 105↓28.9% | 148↑55.5% | 95 | |
| EBIT | 187↑20.5% | 155↑79.1% | 87↓31.1% | 126↑55.0% | 81 | |
| Interest & Other Income | ||||||
| Net Interest Income | 306↑14.3% | 268↑11.0% | 242↑0.6% | 240↑51.9% | 158 | |
| Interest Income | 471↑7.4% | 438↑14.5% | 383↑39.8% | 274↑59.7% | 172 | |
| Interest Expense | 164↓3.4% | 170↑20.5% | 141↑316.2% | 34↑149.6% | 14 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 187↑20.5% | 155↑79.1% | 87↓31.1% | 126↑55.0% | 81 | |
| Income Tax Expense | 36↑16.7% | 31↑23.7% | 25↓20.2% | 31↑53.8% | 20 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 151↑21.5% | 124↑101.7% | 62↓34.7% | 94↑55.4% | 61 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 151↑21.5% | 124↑101.7% | 62↓34.7% | 94↑55.4% | 61 | |
| Bottom-Line Net Income | 151↑21.5% | 124↑101.7% | 62↓34.7% | 94↑55.4% | 61 | |
| EPS (Basic) | 10.06↑22.1% | 8.24↑97.6% | 4.17↓38.5% | 6.78↑20.0% | 5.65 | |
| EPS (Diluted) | 9.78↑21.5% | 8.05↑97.3% | 4.08↓37.8% | 6.56↑20.6% | 5.44 | |
| Weighted Average Shares | 15↓0.5% | 15↑2.1% | 15↑6.0% | 14↑29.6% | 11 | |
| Weighted Average Diluted Shares | 15↓0.1% | 15↑2.3% | 15↑4.8% | 14↑29.0% | 11 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.