Nicolet Bankshares Inc. (NIC) Financial Statements (2025 and earlier)

Company Profile

Business Address 111 N WASHINGTON ST
GREEN BAY, WI 54301
State of Incorp. WI
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments491,431154,723595,292802,859182,059249,526
Cash and cash equivalents491,431154,723595,292802,859182,059249,526
Financing receivable, accrued interest, after allowance for credit loss19,00015,000  
Total current assets:510,431169,723595,292802,859182,059249,526
Noncurrent Assets
Property, plant and equipment118,756108,95694,56659,94456,46948,173
Intangible assets, net (including goodwill), including:394,366402,438339,492175,353165,967124,307
Goodwill367,387367,387317,189163,151151,198107,366
Intangible assets, net (excluding goodwill)26,97935,05122,30312,202  
Other undisclosed intangible assets, net (including goodwill)     14,76916,941
Total noncurrent assets:513,122511,394434,058235,297222,436172,480
Other undisclosed assets7,445,1258,082,8526,665,6873,513,6333,172,7652,674,529
TOTAL ASSETS:8,468,6788,763,9697,695,0374,551,7893,577,2603,096,535
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  317,000    
Total current liabilities:  317,000    
Noncurrent Liabilities
Other undisclosed liabilities7,429,6717,474,4406,803,1464,012,6003,060,2702,709,183
Total liabilities:7,429,6717,791,4406,803,1464,012,6003,060,2702,709,183
Equity
Equity, attributable to parent, including:1,039,007972,529891,891539,189516,262386,609
Additional paid in capital633,770621,988575,045273,390312,733247,790
Accumulated other comprehensive income (loss)(53,173)(57,470)3,10212,7474,418(5,640)
Retained earnings458,261407,864313,604252,952199,005144,364
Other undisclosed equity, attributable to parent14914714010010695
Equity, attributable to noncontrolling interest     728743
Total equity:1,039,007972,529891,891539,189516,990387,352
TOTAL LIABILITIES AND EQUITY:8,468,6788,763,9697,695,0374,551,7893,577,2603,096,535

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues350,054277,048175,740147,397146,485126,706
Net investment income382,862273,918171,559149,202138,588125,537
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (10,950)(12,500)(10,300)(1,200)(1,600)
Gross profit:350,054266,098163,240137,097145,285125,106
Operating expenses(35,943)(31,270)(26,538)(19,657)(19,507)(19,227)
Operating income:314,111234,828136,702117,440125,778105,879
Nonoperating income
(Bank Owned Life Insurance Income)
4,5243,8182,3802,7102,3692,418
Interest and debt expense(141,346)(33,957)(13,604)(19,864)(22,510)(18,889)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (19,341)(34,191)(34,609)
Income from continuing operations before equity method investments, income taxes:177,289204,689125,47880,94571,44654,799
Other undisclosed loss from continuing operations before income taxes(90,657)(78,952)(44,356)   
Income from continuing operations before income taxes:86,632125,73781,12280,94571,44654,799
Income tax expense(25,116)(31,477)(20,470)(20,476)(16,458)(13,446)
Income from continuing operations:61,51694,26060,65260,46954,98841,353
Income before gain (loss) on sale of properties:60,65260,46954,98841,353
Net income:61,51694,26060,65260,46954,98841,353
Net loss attributable to noncontrolling interest    (347)(347)(317)
Net income available to common stockholders, diluted:61,51694,26060,65260,12254,64141,036

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:61,51694,26060,65260,46954,98841,353
Other comprehensive income (loss)4,297(60,572)(9,645)8,32910,058(2,557)
Comprehensive income:65,81333,68851,00768,79865,04638,796
Comprehensive loss, net of tax, attributable to noncontrolling interest    (347)(347)(317)
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:65,81333,68851,00768,45164,69938,479

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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