← NICOLET BANKSHARES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $18.5m |
$33.1m
+79.56%
|
$41.0m
+23.79%
|
$54.6m
+33.15%
|
$60.1m
+10.03%
|
$60.7m
+0.88%
|
$94.3m
+55.41%
|
$61.5m
-34.74%
|
$124.1m
+101.67%
|
$150.7m
+21.46%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $17.8m |
$33.1m
+85.93%
|
$41.0m
+23.79%
|
$55.0m
+34.00%
|
$60.5m
+9.97%
|
$60.7m
+0.30%
|
$94.3m
+55.41%
|
$61.5m
-34.74%
|
$124.1m
+101.67%
|
$150.7m
+21.46%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $18.7m | $33.4m | $41.4m | $55.0m | $60.5m | $60.7m | $94.3m | $61.5m | $124.1m | $150.7m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $232k | $283k | $317k | $347k | $347k | $0 | $0 | — | — | — | — | |
| Depreciation, Amortization and Accretion, Net | $5.1m | $7.1m | $6.3m | $7.3m | $10.7m | $13.9m | $21.9m | $18.4m | $17.0m | $15.0m | $10.8m | |
| Amortization of Intangible Assets | $3.5m | $4.7m | $4.4m | $3.9m | $3.6m | $3.5m | $6.6m | $8.1m | $6.9m | $5.7m | — | |
| Depreciation | $3.2m | $4.2m | $4.4m | $3.8m | $4.4m | $5.0m | $7.6m | $8.2m | $8.2m | $8.1m | $13.3m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $21.9m | $18.4m | $17.0m | $15.0m | $10.8m | |
| Deferred Income Tax Expense (Benefit) | $3.3m | $7.0m | ($1.5m) | ($2.7m) | $3.1m | $6.3m | ($12.9m) | $3.0m | $7.4m | ($4.6m) | ($4.6m) | |
| Deferred Tax | — | — | — | — | — | — | ($12.9m) | $3.0m | ($7.4m) | ($4.6m) | ($4.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $1.6m | $3.1m | $4.9m | $5.0m | $5.7m | $7.3m | $7.0m | $6.4m | $6.6m | $7.3m | $14.1m | |
| Share-based Payment Arrangement, Expense | — | — | $4.7m | $4.8m | $5.3m | $6.6m | $6.3m | $5.8m | $5.9m | $6.6m | $14.1m | |
| Goodwill, Impairment Loss | — | — | — | $762k | $0 | $0 | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($210k) | ($10.6m) | $5.5m | ($2.2m) | $17.2m | |
| Change In Receivables | — | — | — | — | — | — | $73k | ($5.3m) | $11.7m | ($5.2m) | $18.2m | |
| Changes In Account Receivables | — | — | — | — | — | — | $73k | ($5.3m) | $11.7m | ($5.2m) | $18.2m | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | ($301k) | $5.4m | $666k | ($3.0m) | $7.0m | ($10.5m) | $73k | $2.6m | $3.8m | $4.3m | — | |
| Increase (Decrease) in Other Operating Assets | — | $5.4m | — | — | — | — | — | — | — | — | — | |
| Increase (Decrease) in Other Operating Liabilities | — | ($1.4m) | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Other Assets | ($500k) | $0 | $0 | ($100k) | ($100k) | $0 | $0 | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $24.8m |
$40.7m
+64.13%
|
$51.0m
+25.24%
|
$58.1m
+14.02%
|
$78.9m
+35.71%
|
$97.7m
+23.77%
|
$117.4m
+20.22%
|
$108.0m
-8.03%
|
$133.7m
+23.87%
|
$153.5m
+14.79%
|
$182.5m
+18.88%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $4.1m | $3.7m | — | — | — | — | ($12.2m) | $18.6m | $16.9m | $4.1m | ($8.4m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $35.6m | $47.6m | $66.7m | $53.9m | $94.8m | $167.0m | $104.1m | $285.4m | $105.8m | $107.2m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | ($212k) | ($22k) | $395k | ($283k) | ($244k) | ($3.3m) | $968k | $126k | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | ($9.1m) | — | — | — | ($367.8m) | $28.2m | $0 | $0 | — | $0 | |
| Net Other Investing Changes | — | — | — | — | — | — | $14.9m | $12.5m | ($11.5m) | $406k | $3.3m | |
| Net Cash Provided by (Used in) Investing Activities | $51.4m | ($151.0m) | ($77.1m) | ($63.1m) | ($208.7m) | ($370.6m) | ($516.4m) | $591.5m | ($288.4m) | ($230.7m) | $70.7m | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | $1.3m | $87.2m | $384.1m | $188.0m | $20.0m | $59.0m | $5.2m | $27.4m | ($141.1m) | |
| Debt and Equity Securities, Gain (Loss) | — | — | $77k | — | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | $0 | $0 | $367.8m | $104.0m | $0 | $0 | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | $104.0m | $0 | $0 | — | — | — | |
| Long Term Debt Issuance | — | — | — | — | — | $104.0m | $0 | $0 | — | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($20.0m) | ($59.0m) | ($5.2m) | ($27.4m) | ($141.1m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $164.1m | ($376.0m) | ($5.2m) | ($27.4m) | ($141.1m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($20.0m) | ($59.0m) | ($5.2m) | ($27.4m) | ($141.1m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $184.1m | ($317.0m) | $0 | $0 | $0 | |
| Repayment Of Debt | — | — | — | — | — | — | ($20.0m) | ($59.0m) | ($5.2m) | ($27.4m) | ($141.1m) | |
| Payments for Repurchase of Common Stock | — | — | $22.7m | $28.5m | $42.1m | $62.6m | $61.5m | $1.5m | $10.1m | $76.6m | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | $0 | $0 | $11.1m | $16.5m | $18.7m | ($24.1m) | |
| Proceeds from Issuance of Common Stock | $1.9m | $4.0m | $1.8m | $8.7m | $2.1m | $2.4m | $3.3m | $6.9m | $585k | $101k | $105k | |
| Common Stock Dividend Paid | — | — | — | — | — | — | $0 | ($11.1m) | ($16.5m) | ($18.7m) | ($24.1m) | |
| Common Stock Issuance | — | — | — | — | — | — | $751k | $844k | $585k | $101k | $105k | |
| Common Stock Payments | — | — | — | — | — | — | ($61.5m) | ($6.0m) | ($12.1m) | ($89.3m) | ($100.3m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $751k | $844k | $585k | $101k | $105k | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($60.7m) | ($5.2m) | ($11.5m) | ($89.2m) | ($100.2m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($61.5m) | ($6.0m) | ($12.1m) | ($89.3m) | ($100.3m) | |
| Dividends Payable | $1.1m | — | — | — | — | — | — | — | — | — | — | |
| Other Interest and Dividend Income | $1.3m | $1.6m | $3.2m | $3.4m | $2.6m | $2.9m | $4.4m | $17.5m | $20.6m | $21.7m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | $0 | ($11.1m) | ($16.5m) | ($18.7m) | ($24.1m) | |
| Net Cash Provided by (Used in) Financing Activities | ($30.8m) |
$136.1m
+542.30%
|
$120.7m
-11.31%
|
($62.5m)
-151.75%
|
$750.6m
+1301.84%
|
$65.4m
-91.29%
|
($41.6m)
-163.63%
|
($362.7m)
-771.92%
|
$199.3m
+154.95%
|
$201.4m
+1.05%
|
($210.6m)
-204.59%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $45.5m | $25.8m | $94.6m | ($67.5m) | $620.8m | ($207.6m) | ($440.6m) | $336.7m | $44.6m | $124.2m | $465.2m | |
| Beginning Cash Position | — | — | — | — | — | — | $595.3m | $154.7m | $491.4m | $536.0m | $422.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $249.5m | $182.1m | $802.9m | $595.3m | $154.7m | $491.4m | $536.0m | $660.2m | $465.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | — | — | $3.9m | $4.2m | $9.2m | |
| Bank Owned Life Insurance Income | $1.3m | $1.8m | $2.4m | $2.4m | $2.7m | $2.4m | $3.8m | $4.5m | $5.4m | $6.4m | — | |
| Gain (Loss) on Sales of Loans, Net | $5.2m | $4.8m | $5.5m | $11.2m | $30.0m | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | — | — | — | — | $24.7m | $9.6m | — | |
| Parent Company | — | — | — | — | — | — | — | $11.1m | $16.5m | $18.7m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $7.5m | $10.9m | $18.5m | $22.3m | $23.5m | $10.9m | $37.4m | $138.0m | $170.3m | $163.6m | — | |
| Income Taxes Paid, Net | $7.2m | $12.8m | $10.8m | $16.1m | $22.0m | $24.3m | $33.6m | $23.0m | $25.3m | $39.2m | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | $1.1m | ($987k) | $3.4m | ($127k) | ($252k) | $1.1m | $676k | — | |
| Gain (Loss) on Sale of Financing Receivable | — | — | — | — | — | $20.5m | $4.9m | $4.5m | $8.0m | $10.5m | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | — | — | ($400k) | — | |
| Gain (Loss) on Disposition of Assets for Financial Service Operations | $54k | $2.0m | $1.2m | $7.9m | ($1.8m) | $4.2m | $3.1m | ($32.8m) | $4.2m | $1.2m | — | |
| Goodwill | $66k | $107.4m | $107.4m | $151.2m | $163.2m | $317.2m | $367.4m | $367.4m | $367.4m | $367.4m | — | |
| Income Tax Expense (Benefit) | $9.4m | $16.3m | $13.4m | $16.5m | $20.5m | $20.5m | $31.5m | $25.1m | $31.1m | $36.3m | — | |
| Operating Lease, Expense | — | — | — | — | $1.0m | $1.3m | $2.2m | $2.6m | $2.7m | $2.3m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | $1.8m | $2.3m | $1.6m | $1.2m | $10.3m | $12.5m | $10.9m | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($41.6m) | ($362.7m) | $199.3m | $201.4m | ($210.6m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($516.4m) | $591.5m | ($288.4m) | ($230.7m) | $70.7m | |
| Change In Account Payable | — | — | — | — | — | — | ($283k) | ($5.2m) | ($6.2m) | $3.0m | ($1.1m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($440.6m) | $336.7m | $44.6m | $124.2m | — | |
| Change In Payable | — | — | — | — | — | — | ($283k) | ($5.2m) | ($6.2m) | $3.0m | ($1.1m) | |
| Changes In Cash | — | — | — | — | — | — | ($440.6m) | $336.7m | $44.6m | $124.2m | $42.6m | |
| End Cash Position | — | — | — | — | — | — | $154.7m | $491.4m | $536.0m | $660.2m | $465.2m | |
| Financing Cash Flow | — | — | — | — | — | — | ($41.6m) |
($362.7m)
-771.92%
|
$199.3m
+154.95%
|
$201.4m
+1.05%
|
($210.6m)
-204.59%
|
|
| Free Cash Flow | — | — | — | — | — | — | $105.2m | $89.4m | $116.8m | $149.4m | $174.1m | |
| Investing Cash Flow | — | — | — | — | — | — | ($516.4m) | $591.5m | ($288.4m) | ($230.7m) | $70.7m | |
| Net Business Purchase And Sale | — | — | — | — | — | $367.8m | $119.6m | $0 | $0 | — | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $83.8m | $766.0m | $7.3m | ($22.7m) | ($80.2m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($12.2m) | ($18.2m) | ($16.5m) | ($1.8m) | ($6.1m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($8.0m) | $28.3m | ($12.2m) | ($11.7m) | ($10.5m) | |
| Other Non Cash Items | — | — | — | — | — | — | $3.8m | ($4.1m) | ($3.6m) | ($5.2m) | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $2.5m | $10.5m | $26.7m | $9.6m | $7.2m | |
| Purchase Of Business | — | — | — | — | — | — | ($28.2m) | $0 | $0 | — | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($90.1m) | ($73.2m) | ($111.7m) | ($145.3m) | ($586.6m) | |
| Purchase Of PPE | — | — | — | — | — | — | — | ($18.6m) | ($16.9m) | ($4.1m) | ($8.4m) | |
| Sale Of Business | — | — | — | — | — | $367.8m | $147.8m | $0 | $0 | — | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $173.9m | $839.2m | $118.9m | $122.6m | $506.4m | |
| Sale Of PPE | — | — | — | — | — | — | — | $365k | $399k | $2.3m | $2.3m | |
| Stock Based Compensation | — | — | — | — | — | — | $7.0m | $6.4m | $6.6m | $7.3m | $14.1m |