Nicolet Bankshares Inc income statement
In fiscal 2025, Nicolet Bankshares Inc reported revenue of $392m, up 11.9% on the year before and net income of $151m, or $9.78 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 33 | 63 | 56 | 59 | 95 | 133 | 146 | 169 | 192 | 225 | 298 | 277 | 350 | 392 | 591 |
| Interest expense | 7 | 6 | 7 | 7 | 7 | 11 | 19 | 23 | 20 | 14 | 34 | 141 | — | — | — |
| Net interest income | 22 | 37 | 42 | 41 | 68 | 99 | 107 | 116 | 129 | 158 | 240 | 242 | 268 | 306 | 474 |
| Non-interest income | 11 | 26 | 14 | 18 | 27 | 35 | 40 | 53 | 63 | 67 | 58 | 36 | 82 | 86 | 117 |
| Non-interest expense | 24 | 36 | 39 | 40 | 65 | 81 | 90 | 97 | 101 | 129 | 161 | 186 | 191 | 201 | 358 |
| Provision for credit losses | 4 | 6 | 3 | 2 | 2 | 2 | 2 | 1 | 10 | 13 | 12 | 5 | 4 | 4 | 5 |
| Income before tax | 5 | 20 | 15 | 18 | 28 | 50 | 55 | 71 | 81 | 81 | 126 | 87 | 155 | 187 | 223 |
| Income tax | 2 | 4 | 5 | 6 | 9 | 16 | 13 | 16 | 20 | 20 | 31 | 25 | 31 | 36 | 47 |
| Net income | 3 | 16 | 10 | 11 | 18 | 33 | 41 | 55 | 60 | 61 | 94 | 62 | 124 | 151 | 176 |
| Diluted EPS | $0.53 | $3.80 | $2.25 | $2.57 | $2.37 | $3.33 | $4.12 | $5.52 | $5.70 | $5.44 | $6.56 | $4.08 | $8.05 | $9.78 | $9.12 |
| Diluted shares (average) | 3m | 4m | 4m | 4m | 8m | 10m | 10m | 10m | 11m | 11m | 14m | 15m | 15m | 15m | 19m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 92 | 89 | 96 | 103 | 104 | 135 | 178 | 174 |
| Net interest income | 72 | 71 | 75 | 79 | 81 | 110 | 141 | 142 |
| Non-interest income | 21 | 18 | 21 | 24 | 23 | 25 | 36 | 32 |
| Non-interest expense | 48 | 48 | 50 | 50 | 53 | 110 | 104 | 91 |
| Provision for credit losses | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 2 |
| Income before tax | 43 | 40 | 45 | 52 | 50 | 19 | 72 | 81 |
| Income tax | 9 | 8 | 9 | 10 | 10 | 4 | 16 | 17 |
| Net income | 34 | 33 | 36 | 42 | 40 | 15 | 57 | 64 |
| Diluted EPS | $2.21 | $2.08 | $2.34 | $2.73 | $2.64 | $0.81 | $2.62 | $2.96 |
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