Nicolet Bankshares (NIC)

NYSE Financials Regional Banks S&P SmallCap 600

$173.12

+0.32 (+0.19%)

Close of Nov 06, 2026 · end-of-day data

Source: Nicolet Bankshares's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Interest expense	$7.33M	$10.51M	$18.89M	$22.51M	$19.86M	$13.60M	$33.96M	$141.35M	—	—
Pre-tax income	$28.07M	$49.70M	$54.80M	$71.45M	$80.94M	$81.12M	$125.74M	$86.63M	$155.13M	$186.96M
Income tax	$9.37M	$16.27M	$13.45M	$16.46M	$20.48M	$20.47M	$31.48M	$25.12M	$31.07M	$36.27M
Net income	$18.46M	$33.15M	$41.04M	$54.64M	$60.12M	$60.65M	$94.26M	$61.52M	$124.06M	$150.69M
EPS (basic)	$2.49	$3.51	$4.26	$5.71	$5.82	$5.65	$6.78	$4.17	$8.24	$10.06
EPS (diluted)	$2.37	$3.33	$4.12	$5.52	$5.70	$5.44	$6.56	$4.08	$8.05	$9.78
Diluted shares	7.51M	9.96M	9.96M	9.90M	10.54M	11.14M	14.37M	15.07M	15.42M	15.40M

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$129.10M	$154.93M	$249.53M	$182.06M	$802.86M	$595.29M	$154.72M	$491.43M	$536.05M	$660.23M
Goodwill	$66.74M	$107.37M	$107.37M	$151.20M	$163.15M	$317.19M	$367.39M	$367.39M	$367.39M	$367.39M
Total assets	$2.30B	$2.93B	$3.10B	$3.58B	$4.55B	$7.70B	$8.76B	$8.47B	$8.80B	$9.19B
Short-term debt	—	$0	$0	$0	$0	$0	$317.00M	$0	$0	$0
Long-term debt	$1.00M	$78.05M	$77.31M	$67.63M	$53.87M	$216.91M	$225.34M	$166.93M	$161.39M	$134.86M
Total debt	$1.00M	$78.05M	$77.31M	$67.63M	$53.87M	$216.91M	$542.34M	$166.93M	$161.39M	$134.86M
Total liabilities	$2.02B	$2.57B	$2.71B	$3.06B	$4.01B	$6.80B	$7.79B	$7.43B	$7.62B	$7.93B
Shareholders' equity	$275.95M	$364.18M	$386.61M	$516.26M	$539.19M	$891.89M	$972.53M	$1.04B	$1.17B	$1.26B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$24.81M	$40.71M	$50.99M	$58.14M	$78.90M	$97.65M	$117.40M	$107.97M	$133.75M	$153.53M
Capital expenditures	$4.05M	$3.74M	$4.26M	$4.39M	$10.79M	$12.79M	$12.23M	$18.57M	$16.92M	$4.09M
Free cash flow	$20.75M	$36.98M	$46.73M	$53.74M	$68.11M	$84.86M	$105.16M	$89.41M	$116.83M	$149.44M
Investing cash flow	$51.44M	-$150.95M	-$77.07M	-$63.15M	-$208.70M	-$370.60M	-$516.36M	$591.46M	-$288.44M	-$230.75M
Financing cash flow	-$30.76M	$136.07M	$120.68M	-$62.45M	$750.60M	$65.38M	-$41.60M	-$362.73M	$199.30M	$201.40M
Dividends paid	—	—	—	—	—	$0	$0	$11.12M	$16.55M	$18.66M
Share buybacks	$5.20M	$15.01M	$22.75M	$28.46M	$42.09M	$62.58M	$61.50M	$1.52M	$10.14M	$76.56M
Stock-based compensation	$1.61M	$3.06M	$4.90M	$5.04M	$5.70M	$7.31M	$7.02M	$6.44M	$6.63M	$7.34M
Depreciation & amortization	$5.13M	$7.07M	$6.28M	$7.31M	$10.69M	$13.86M	$21.93M	$18.40M	$16.95M	$14.99M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Interest expense	$39.26M	$41.22M	—	—	—	—	—	—	—	—	—	—
Pre-tax income	$37.42M	$34.33M	$36.75M	$40.85M	$43.20M	$40.14M	$44.77M	$51.84M	$50.20M	$19.01M	$72.49M	$81.18M
Income tax	$6.76M	$6.54M	$7.47M	$8.33M	$8.72M	$7.55M	$8.74M	$10.11M	$9.87M	$3.81M	$15.59M	$17.45M
Net income	$30.66M	$27.79M	$29.27M	$32.52M	$34.48M	$32.59M	$36.03M	$41.73M	$40.32M	$15.20M	$56.90M	$63.73M
EPS (basic)	$2.07	$1.86	$1.96	$2.16	$2.25	$2.14	$2.40	$2.81	$2.72	$0.83	$2.68	$3.04
EPS (diluted)	$2.03	$1.82	$1.92	$2.10	$2.21	$2.08	$2.34	$2.73	$2.64	$0.81	$2.62	$2.96
Diluted shares	26.32K	15.25M	15.28M	15.48M	86.14K	15.65M	15.43M	15.30M	-59.06K	18.75M	21.73M	21.54M

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$491.43M	$427.42M	$408.53M	$427.98M	$536.05M	$572.18M	$422.64M	$473.96M	$660.23M	$615.45M	$465.25M	$510.53M
Goodwill	$367.39M	$367.39M	$367.39M	$367.39M	$367.39M	$367.39M	$367.39M	$367.39M	$367.39M	$834.50M	$834.50M	$838.43M
Total assets	$8.47B	$8.45B	$8.56B	$8.64B	$8.80B	$8.98B	$8.93B	$9.03B	$9.19B	$15.57B	$15.41B	$15.06B
Short-term debt	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-term debt	$166.93M	$162.26M	$162.43M	$161.21M	$161.39M	$156.56M	$134.34M	$134.60M	$134.86M	$179.97M	$92.75M	$92.75M
Total debt	$166.93M	$162.26M	$162.43M	$161.21M	$161.39M	$156.56M	$134.34M	$134.60M	$134.86M	$179.97M	$92.75M	$92.75M
Total liabilities	$7.43B	$7.38B	$7.47B	$7.49B	$7.62B	$7.79B	$7.74B	$7.81B	$7.93B	$13.32B	$13.14B	$12.83B
Shareholders' equity	$1.04B	$1.06B	$1.09B	$1.15B	$1.17B	$1.18B	$1.19B	$1.21B	$1.26B	$2.26B	$2.27B	$2.23B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$37.77M	$23.38M	$37.34M	$39.65M	$33.38M	$41.79M	$38.91M	$45.86M	$26.98M	$16.27M	$93.41M	$72.72M
Capital expenditures	$3.10M	$3.33M	$2.95M	$4.93M	$5.32M	$463.00K	$544.00K	-$4.00K	—	$1.19M	$4.14M	$5.66M
Free cash flow	$34.67M	$20.06M	$34.39M	$34.72M	$28.07M	$41.33M	$38.36M	$45.86M	$26.98M	$15.08M	$89.27M	$67.06M
Investing cash flow	-$78.73M	-$49.02M	-$127.70M	-$40.96M	-$70.75M	-$138.20M	-$99.83M	-$38.11M	$45.39M	$65.83M	-$2.38M	-$42.25M
Financing cash flow	-$13.49M	-$38.36M	$71.47M	$20.77M	$145.43M	$132.54M	-$88.62M	$43.56M	$113.91M	-$126.88M	-$241.24M	$14.81M
Dividends paid	$3.72M	$3.76M	$4.20M	$4.24M	$4.35M	$4.30M	$4.86M	$4.73M	$4.78M	$6.90M	$7.69M	$7.58M
Share buybacks	$0	$0	$0	$0	$10.14M	$26.05M	$29.99M	$20.52M	$0	$22.40M	$40.24M	$40.02M
Stock-based compensation	$1.61M	$1.38M	$2.21M	$1.52M	$1.52M	$1.46M	$2.12M	$1.69M	$2.06M	$6.80M	$3.52M	$2.66M
Depreciation & amortization	$5.24M	$4.80M	$4.45M	$4.36M	$3.35M	$3.86M	$3.52M	$3.60M	$4.01M	$2.22M	$979.00K	$1.30M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.