Cash flow Nicolet Bankshares, Inc.

Equities

NIC

US65406E1029

Banks

Market Closed - Nyse Other stock markets 04:00:02 2025-01-24 pm EST			5-day change	1st Jan Change
109.49 ^USD	0.00%		+2.52%	+4.37%

Jan. 21	Nicolet Bankshares Q4 Adjusted Earnings, Revenue Increase	MT
Jan. 21	Earnings Flash (NIC) Nicolet Bankshares Reports Q4 Adjusted EPS $2.17, vs. FactSet Est of $1.99	MT

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Published financial data: NICOLET BANKSHARES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	126M	136M	157M	244M	341M
Interest Income On Investments	13.06M	12.83M	15M	30.24M	41.71M
Interest Income, Total	139M	149M	172M	274M	383M
Interest On Deposits	18.96M	16.64M	10.45M	21.75M	126M
Total Interest On Borrowings	3.54M	3.22M	3.16M	12.2M	15.52M
Interest Expense, Total	22.51M	19.86M	13.6M	33.96M	141M
Net Interest Income	116M	129M	158M	240M	242M
Service Charges On Deposits	4.82M	4.21M	5.02M	6.1M	5.98M
Trust Income	6.23M	6.46M	7.77M	7.95M	-
Total Mortgage Banking Activities	11.88M	29.81M	22.16M	8.5M	7.16M
Income (Loss) on Real Estate Property	-	-	-	-	-
Gain (Loss) on Sale of Assets	7.9M	-1.8M	4.18M	3.13M	-32.81M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	-	-	-	-	-
Total Other Non Interest Income	22.54M	23.95M	28.23M	32.24M	55.64M
Non Interest Income, Total	53.37M	62.63M	67.36M	57.92M	35.97M
Revenues Before Provison For Loan Losses	169M	192M	225M	298M	277M
Provision For Loan Losses	1.2M	10.3M	14.9M	11.5M	4.99M
Total Revenues	168M	182M	210M	286M	272M
Salaries And Other Employee Benefits	49.64M	51.82M	64.02M	82.4M	93.27M
Stock-Based Compensation (IS)	300K	400K	800K	700K	600K
Amort. of Goodwill & Intang. Assets	3.87M	3.57M	3.49M	6.62M	8.07M
Occupancy Expense	13.18M	15.22M	18.91M	27.5M	33.59M
Federal Deposit Insurance	-	-	2.04M	1.92M	4M
Selling General & Admin Expenses, Total	21.64M	22.39M	25.24M	31.53M	36.16M
Total Other Non Interest Expense	5.57M	5.32M	8.25M	8.32M	9.99M
Non Interest Expense, Total	94.2M	98.72M	123M	159M	186M
EBT, Excl. Unusual Items	74.05M	82.94M	87.67M	127M	86.82M
Restructuring Charges	-	-1.5M	-900K	-	-
Total Merger & Related Restructuring Charges	-700K	-500K	-5.65M	-1.66M	-189K
Impairment of Goodwill	-800K	-	-	-	-
Asset Writedown	-400K	-	-	-	-
Other Unusual Items	-700K	-	-	-	-
EBT, Incl. Unusual Items	71.45M	80.94M	81.12M	126M	86.63M
Income Tax Expense	16.46M	20.48M	20.47M	31.48M	25.12M
Earnings From Continuing Operations	54.99M	60.47M	60.65M	94.26M	61.52M
Net Income to Company	54.99M	60.47M	60.65M	94.26M	61.52M
Minority Interest	-347K	-347K	-	-	-
Net Income - (IS)	54.64M	60.12M	60.65M	94.26M	61.52M
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	54.64M	60.12M	60.65M	94.26M	61.52M
Net Income to Common Excl. Extra Items	54.64M	60.12M	60.65M	94.26M	61.52M
Per Share Items
Net EPS - Basic	5.71	5.82	5.65	6.78	4.17
Basic EPS - Continuing Operations	5.71	5.82	5.65	6.78	4.17
Basic Weighted Average Shares Outstanding	9.56M	10.34M	10.74M	13.91M	14.74M
Net EPS - Diluted	5.52	5.7	5.44	6.56	4.08
Diluted EPS - Continuing Operations	5.52	5.7	5.44	6.56	4.08
Diluted Weighted Average Shares Outstanding	9.9M	10.54M	11.14M	14.37M	15.07M
Normalized Basic EPS	4.8	4.98	5.1	5.72	3.68
Normalized Diluted EPS	4.64	4.88	4.92	5.54	3.6
Dividend Per Share	-	-	-	-	0.75
Payout Ratio	-	-	-	-	18.07
Supplemental Items
Effective Tax Rate - (Ratio)	23.04	25.3	25.23	25.03	28.99
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	15.35M	29.76M	14.14M	44.38M	17.9M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	1.1M	-9.29M	6.33M	-12.91M	7.22M
Normalized Net Income	45.93M	51.49M	54.8M	79.63M	54.26M
Non-Cash Pension Expense	1.8M	1.4M	5.7M	2.4M	1.3M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	4.8M	5.3M	6.6M	6.32M	5.84M
Stock-Based Comp., Other (Total)	300K	400K	800K	700K	600K
Total Stock-Based Compensation	5.1M	5.7M	7.4M	7.02M	6.44M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	175M	801M	593M	155M	491M
Investment Securities, Total	300M	434M	1.24B	1.29B	471M
Mortgage Backed Securities	195M	162M	371M	339M	353M
Total investments	495M	596M	1.61B	1.63B	824M
Gross Loans	2.57B	2.79B	4.62B	6.18B	6.35B
Allowance For Loan Losses	-13.97M	-32.17M	-49.67M	-61.83M	-63.61M
Net Loans	2.56B	2.76B	4.57B	6.12B	6.29B
Gross Property Plant And Equipment	86.94M	92.36M	132M	153M	169M
Accumulated Depreciation	-30.47M	-32.42M	-37.14M	-43.67M	-50.45M
Net Property Plant And Equipment	56.47M	59.94M	94.57M	109M	119M
Goodwill	151M	163M	317M	367M	367M
Other Intangibles, Total	14.77M	12.2M	22.3M	35.05M	26.98M
Investment in FHLB	-	-	-	18.62M	9.67M
Loans Held For Sale	2.71M	21.45M	6.45M	1.48M	4.16M
Accrued Interest Receivable	29.74M	9.3M	15.28M	21.28M	24.24M
Restricted Cash	7.3M	1.9M	1.9M	-	-
Other Current Assets, Total	-	-	200M	-	-
Other Real Estate Owned And Foreclosed	1M	3.61M	11.96M	1.98M	1.27M
Other Long-Term Assets, Total	84.06M	126M	253M	305M	311M
Total Assets	3.58B	4.55B	7.7B	8.76B	8.47B
Liabilities
Interest Bearing Deposits	1.85B	2.49B	4.49B	4.82B	5.24B
Institutional Deposits	286M	205M	-	-	-
Non-Interest Bearing Deposits	819M	1.21B	1.98B	2.36B	1.96B
Total Deposits	2.95B	3.91B	6.47B	7.18B	7.2B
Short-Term Borrowings	-	-	-	317M	-
Current Portion of Long-Term Debt	10.06M	4M	10M	-	-
Current Portion of Leases	1.09M	920K	2.03M	2.44M	2.49M
Long-Term Debt	11.99M	-	153M	153M	121M
Federal Home Loan Bank Debt - Long-Term	15M	25M	15M	33M	5M
Long-Term Leases	2.94M	2.22M	7.28M	8.45M	8.84M
Trust Preferred Securities (BS)	30.58M	24.87M	38.88M	39.72M	40.55M
Accrued Interest Payable	33.26M	43.69M	57.42M	4.26M	7.76M
Other Current Liabilities - (Bank / Utility Template)	-	-	51.59M	-	-
Other Non Current Liabilities	906K	1.5M	2M	55.03M	45.85M
Total Liabilities	3.06B	4.01B	6.8B	7.79B	7.43B
Preferred Stock Redeemable	-	-	-	-	-
Preferred Stock Non Redeemable	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	106K	100K	140K	147K	149K
Additional Paid In Capital	313M	273M	575M	622M	634M
Retained Earnings	199M	253M	314M	408M	458M
Comprehensive Income and Other	4.42M	12.75M	3.1M	-57.47M	-53.17M
Total Common Equity	516M	539M	892M	973M	1.04B
Minority Interest	728K	-	-	-	-
Total Equity	517M	539M	892M	973M	1.04B
Total Liabilities And Equity	3.58B	4.55B	7.7B	8.76B	8.47B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.5M	9.98M	13.59M	14.69M	14.9M
ECS Total Common Shares Outstanding	10.59M	9.99M	13.99M	14.69M	14.89M
Book Value / Share	48.76	53.96	63.73	66.2	69.76
Tangible Book Value	350M	364M	552M	570M	645M
Tangible Book Value Per Share	33.08	36.41	39.47	38.81	43.28
Tangible Book Value Per Share (As Reported)	33.08	36.34	39.47	38.81	43.28
Average Assets	3.13B	4.26B	5.27B	7.84B	8.41B
Average Loans	2.26B	2.79B	3.18B	5.26B	6.23B
Total Debt	71.65M	57.01M	226M	553M	178M
Deposits at Interest - Cash	107M	714M	386M	33.51M	362M
Federal Funds Sold	-	-	-	-	-
Debt Equivalent of Unfunded Proj. Benefit Obligation	906K	1.5M	2M	12.1M	15.9M
Net Debt	-122M	-773M	-389M	386M	-320M
Equity Method Investments, Total	2.8M	-	-	7.6M	-
Full Time Employees	575	556	856	942	976
Number Of Offices	39	36	52	55	56

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	54.64M	60.12M	60.65M	94.26M	61.52M
Depreciation, Depletion & Amortization	3.4M	3.9M	5M	7.6M	8.2M
Amortization of Goodwill and Intangible Assets - (CF)	4.74M	5.04M	5.74M	9.5M	11.04M
Total Depreciation, Depletion & Amortization	8.14M	8.94M	10.74M	17.1M	19.24M
Gain (Loss) on Sale of Loans & Receivables - (CF)	-11.24M	-29.97M	-20.47M	-4.89M	-4.55M
(Gain) Loss On Sale of Asset - (CF)	538K	1.11M	-469K	-2.97M	-62K
(Gain) Loss on Sale of Investments - (CF)	-8.44M	692K	-3.71M	-160K	32.87M
Total Asset Writedown	400K	-	-	-	-
Restructuring Activities	-	500K	-	-	-
Provision for Credit Losses	1.2M	10.3M	14.9M	11.5M	4.99M
Stock-Based Compensation (CF)	5.04M	5.7M	7.31M	7.02M	6.44M
Net (Increase) Decrease in Loans Originated / Sold - Operating	7.3M	6.27M	31.14M	7.53M	328K
Changes in Accrued Interest Receivable	-2.95M	6.99M	-10.53M	73K	-5.34M
Changes in Accrued Interest Payable	9.01M	5.72M	1.02M	-283K	-5.24M
Other Operating Activities	-5.5M	2.52M	7.07M	-11.78M	-2.22M
Cash from Operations	58.14M	78.9M	97.65M	117M	108M
Capital Expenditure	-4.39M	-10.79M	-12.79M	-12.23M	-18.2M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	7.33M	-21.82M	368M	-28.22M	-
Divestitures	-	-	-	148M	-
Sale (Purchase) of Real Estate Properties (Collected)	457K	343K	-	13.15M	12.15M
Investment in Marketable and Equity Securities, Total	-5.74M	-51.85M	-652M	93.26M	766M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-57.16M	-125M	-76.43M	-732M	-169M
Other Investing Activities, Total	-3.65M	440K	2.74M	1.76M	306K
Cash from Investing	-63.15M	-209M	-371M	-516M	591M
Short Term Debt Issued, Total	-	-	-	184M	-
Long-Term Debt Issued, Total	-	368M	104M	-	-
Total Debt Issued	-	368M	104M	184M	-
Short Term Debt Repaid, Total	-4.23M	-	-	-	-317M
Long-Term Debt Repaid, Total	-87.24M	-384M	-188M	-20M	-59M
Total Debt Repaid	-91.47M	-384M	-188M	-20M	-376M
Issuance of Common Stock	8.74M	2.06M	2.38M	3.28M	6.87M
Repurchase of Common Stock	-28.46M	-42.09M	-62.58M	-61.5M	-1.52M
Repurchase of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-11.12M
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-11.12M
Net Increase (Decrease) in Deposit Accounts - (CF)	49.26M	815M	210M	-148M	19.04M
Other Financing Activities, Total	-525K	-8.22M	-789K	-	-
Cash from Financing	-62.45M	751M	65.38M	-41.6M	-363M
Net Change in Cash	-67.47M	621M	-208M	-441M	337M
Supplemental Items
Cash Interest Paid	22.33M	23.48M	10.88M	37.43M	138M
Cash Income Tax Paid (Refund)	16.14M	21.97M	24.34M	33.56M	23.02M
Net Debt Issued / Repaid	-91.47M	-16.25M	-84.01M	164M	-376M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.65	1.49	0.99	1.15	0.71
Return On Equity %	12.16	11.45	8.48	10.11	6.12
Return on Common Equity	12.1	11.39	8.48	10.11	6.12
Shareholders Value Added	5.64M	3.09M	-15.38M	-7.07M	-48.02M
Margin Analysis
SG&A Margin	50.2	49.23	51.41	49.38	59.82
Net Interest Income / Total Revenues %	68.99	71.2	75.07	83.79	88.63
EBT Excl. Non-Recurring Items Margin %	44.01	45.66	41.67	44.49	31.86
Income From Continuing Operations Margin %	32.68	33.29	28.82	32.91	22.57
Net Income Margin %	32.48	33.1	28.82	32.91	22.57
Net Avail. For Common Margin %	32.48	33.1	28.82	32.91	22.57
Normalized Net Income Margin	27.3	28.35	26.04	27.8	19.91
Asset quality
Nonperforming Loans / Total Loans %	0.55	0.34	0.96	0.62	0.42
Nonperforming Loans / Total Assets %	0.39	0.21	0.57	0.43	0.31
Nonperforming Assets / Total Assets %	0.42	0.29	0.73	0.46	0.33
NPAs / Loans and OREO	0.59	0.47	1.21	0.65	0.44
NPAs / Equity	2.92	2.42	6.29	4.12	2.68
Allowance for Credit Losses / Net Charge-offs %	3.67K	2.32K	31.04K	8.47K	7.32K
Allowance for Credit Losses / Nonperforming Loans %	98.94	340.27	112.5	162.37	238.91
Allowance for Credit Losses / Total Loans %	0.54	1.15	1.07	1	1
Net Charge-offs / Total Average Loans %	0.02	0.05	0	0.01	0.01
Provision for Loan Losses / Net Charge-offs %	314.96	744.22	9.31K	1.58K	574.22
Earning Assets / IBL	144.08	144.7	150.28	148.79	143.75
Interest Income / Average Assets	4.43	3.51	3.25	3.49	4.55
Interest Expense / Average Assets	0.72	0.47	0.26	0.43	1.68
Net Interest Income / Average Assets	3.71	3.04	3	3.06	2.87
Non Interest Income / Average Assets	1.71	1.47	1.28	0.74	0.43
Non Interest Expense / Average Asset	3.01	2.32	2.33	2.03	2.21
Capital And Funding
Total Average Common Equity / Total Average Assets %	13.53	12.98	11.69	11.33	11.67
Total Average Equity / Total Average Assets %	13.55	12.99	11.69	11.33	11.67
Total Equity + Allowance for Loan Losses / Total Loans %	20.6	20.49	20.37	16.74	17.35
Gross Loans / Total Deposits %	87.11	71.33	71.48	86.09