NICOLET BANKSHARES INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Interest expense | — | — | $141.3M | $34.0M | $13.6M |
| Pretax income | $187.0M | $155.1M | $86.6M | $125.7M | $81.1M |
| Income tax expense | $36.3M | $31.1M | $25.1M | $31.5M | $20.5M |
| Net income | $150.7M | $124.1M | $61.5M | $94.3M | $60.7M |
| Balance Sheet | |||||
| Total assets | $9.2B | $8.8B | $8.5B | $8.8B | $7.7B |
| Total liabilities | $7.9B | $7.6B | $7.4B | $7.8B | $6.8B |
| Stockholders' equity | $1.3B | $1.2B | $1.0B | $972.5M | $891.9M |
| Cash Flow Statement | |||||
| Cash from operations | $153.5M | $133.7M | $108.0M | $117.4M | $97.7M |
| Depreciation and amortization | $15.0M | $17.0M | $18.4M | $21.9M | $13.9M |
| Stock-based compensation | $7.3M | $6.6M | $6.4M | $7.0M | $7.3M |
| Capital expenditure | $4.1M | $16.9M | $18.6M | $12.2M | $12.8M |
| Free cash flow | $149.4M | $116.8M | $89.4M | $105.2M | $84.9M |
| Dividends paid | $18.7M | $16.5M | $11.1M | $0 | $0 |
| Share repurchases | $76.6M | $10.1M | $1.5M | $61.5M | $62.6M |
| Impairments | — | — | — | — | $0 |
Shares outstanding 21.3M · Free float 92.6%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.