$NIC
NICOLET BANKSHARES INC
CIK:0001174850|SEC Filings
Consolidated Statements of Income - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Interest income: | ||||
| Loans, including loan fees | $ 174,705 | $ 105,976 | $ 314,489 | $ 206,642 |
| Investment securities: | ||||
| Taxable | 19,305 | 6,027 | 31,260 | 11,587 |
| Tax-exempt | 1,692 | 1,017 | 3,050 | 2,066 |
| Other interest income | 5,202 | 4,618 | 10,317 | 10,084 |
| Total interest income | 200,904 | 117,638 | 359,116 | 230,379 |
| Interest expense: | ||||
| Deposits | 57,321 | 40,472 | 103,977 | 79,937 |
| Long-term borrowings | 2,112 | 2,057 | 4,109 | 4,127 |
| Total interest expense | 59,433 | 42,529 | 108,086 | 84,064 |
| Net interest income | 141,471 | 75,109 | 251,030 | 146,315 |
| Provision for credit losses | 1,500 | 1,050 | 7,550 | 2,550 |
| Net interest income after provision for credit losses | 139,971 | 74,059 | 243,480 | 143,765 |
| Noninterest income: | ||||
| Mortgage income, net | 3,624 | 2,907 | 7,163 | 4,833 |
| BOLI income | 2,305 | 1,429 | 4,187 | 2,849 |
| Deferred compensation plan asset market valuations | 1,947 | 1,437 | 1,670 | 1,482 |
| LSR income, net | 778 | 950 | 1,489 | 2,007 |
| Asset gains (losses), net | 2,364 | (199) | 1,497 | (553) |
| Other noninterest income | 3,052 | 1,637 | 5,326 | 3,429 |
| Total noninterest income | 36,279 | 20,633 | 61,573 | 38,856 |
| Noninterest expense: | ||||
| Personnel | 50,612 | 29,114 | 88,771 | 55,635 |
| Occupancy, equipment and office | 16,398 | 9,104 | 28,773 | 18,434 |
| Business development and marketing | 3,184 | 1,593 | 5,521 | 3,693 |
| Data processing | 7,758 | 4,682 | 13,943 | 9,207 |
| Intangibles amortization | 6,156 | 1,481 | 10,252 | 3,033 |
| FDIC assessments | 1,801 | 1,029 | 3,076 | 1,969 |
| Merger-related expense | 7,403 | 0 | 48,089 | 0 |
| Other noninterest expense | 10,452 | 2,916 | 15,134 | 5,735 |
| Total noninterest expense | 103,764 | 49,919 | 213,559 | 97,706 |
| Income before income tax expense | 72,486 | 44,773 | 91,494 | 84,915 |
| Income tax expense | 15,585 | 8,738 | 19,397 | 16,288 |
| Net income | $ 56,901 | $ 36,035 | $ 72,097 | $ 68,627 |
| Earnings per common share: | ||||
| Basic (in dollars per share) | $ 2.68 | $ 2.40 | $ 3.65 | $ 4.53 |
| Diluted (in dollars per share) | $ 2.62 | $ 2.34 | $ 3.56 | $ 4.42 |
| Weighted average common shares outstanding: | ||||
| Basic (in shares) | 21,207,876 | 15,029,137 | 19,727,911 | 15,142,129 |
| Diluted (in shares) | 21,728,914 | 15,431,127 | 20,246,022 | 15,538,082 |
| Wealth management fee income | ||||
| Noninterest income: | ||||
| Fees and commissions | $ 11,738 | $ 6,811 | $ 22,393 | $ 13,786 |
| Service charges on deposit accounts | ||||
| Noninterest income: | ||||
| Fees and commissions | 4,139 | 1,962 | 7,288 | 3,987 |
| Card interchange income | ||||
| Noninterest income: | ||||
| Fees and commissions | $ 6,332 | $ 3,699 | $ 10,560 | $ 7,036 |
Consolidated Balance Sheets - USD ($) $ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
|||
|---|---|---|---|---|---|
| Assets | |||||
| Cash and due from banks | $ 153,492 | $ 107,956 | |||
| Interest-earning deposits | 311,756 | 552,276 | |||
| Cash and cash equivalents | 465,248 | [1] | 660,232 | ||
| Securities available for sale (“AFS”), at fair value | 2,006,963 | 859,834 | |||
| Other investments | 116,575 | 63,247 | |||
| Loans held for sale | 19,388 | 13,620 | |||
| Other assets held for sale | 411,348 | 0 | |||
| Loans | 10,848,164 | 6,836,345 | |||
| Allowance for credit losses - loans (“ACL-Loans”) | (133,584) | (68,806) | |||
| Loans, net | 10,714,580 | 6,767,539 | |||
| Premises and equipment, net | 189,197 | 120,462 | |||
| Bank owned life insurance (“BOLI”) | 296,095 | 192,498 | |||
| Goodwill and other intangibles, net | 961,687 | 382,400 | |||
| Accrued interest receivable and other assets | 233,538 | 125,275 | |||
| Total assets | 15,414,619 | 9,185,107 | |||
| Liabilities: | |||||
| Noninterest-bearing demand deposits | 2,717,610 | 1,828,928 | |||
| Interest-bearing deposits | 9,805,726 | 5,901,843 | |||
| Total deposits | 12,523,336 | 7,730,771 | |||
| Long-term borrowings | 92,750 | 134,860 | |||
| Other liabilities held for sale | 388,060 | 0 | |||
| Accrued interest payable and other liabilities | 138,999 | 61,814 | |||
| Total liabilities | 13,143,145 | 7,927,445 | |||
| Stockholders’ Equity: | |||||
| Common stock | 211 | 148 | |||
| Additional paid-in capital | 1,552,947 | 583,257 | |||
| Retained earnings | 755,311 | 697,799 | |||
| Accumulated other comprehensive income (loss) | (36,995) | (23,542) | |||
| Total stockholders’ equity | 2,271,474 | 1,257,662 | |||
| Total liabilities and stockholders’ equity | $ 15,414,619 | $ 9,185,107 | |||
| Preferred shares authorized (no par value) (in shares) | 10,000,000 | 10,000,000 | |||
| Preferred shares issued (in shares) | 0 | 0 | |||
| Preferred shares outstanding (in shares) | 0 | 0 | |||
| Common shares authorized (par value $0.01 per share) (in shares) | 60,000,000 | 30,000,000 | |||
| Common shares outstanding (in shares) | 21,060,762 | 14,811,445 | |||
| Common shares issued (in shares) | 21,228,645 | 14,930,213 | |||
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