Nicolet Bankshares Inc - Understand $nic stock

$NIC Market Cap: $1.704 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$325.5M

TTM

Gross Margin

Net Earnings

$120.2M

TTM

Current Assets

Current Liabilities

$66.58M

Q3 2024

Current Ratio

Total Assets

$8.637B

Q3 2024

Total Liabilities

$7.488B

Q3 2024

Book Value

$1.149B

Q3 2024

Cash

$428.0M

Q3 2024

P/E

14.17

Nov 29, 2024 EST

Free Cash Flow

$123.8M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$382.9M	$273.9M	$171.6M	$149.2M	$138.6M	$125.5M	$109.3M	$75.47M
YoY Change	39.77%	59.66%	14.98%	7.66%	10.4%	14.9%	44.77%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$382.9M	$273.9M	$171.6M	$149.2M	$138.6M	$125.5M	$109.3M	$75.47M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$8.200M	$7.600M	$5.000M	$4.400M	$3.800M	$4.400M	$4.200M	$3.200M	$3.300M	$3.800M	$3.400M	$2.400M	$1.900M
YoY Change	7.89%	52.0%	13.64%	15.79%	-13.64%	4.76%	31.25%	-3.03%	-13.16%	11.76%	41.67%	26.32%	35.71%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	$141.3M	$33.96M	$13.60M	$19.86M	$22.51M	$18.89M	$10.51M	$7.334M
YoY Change	316.25%	149.61%	-31.51%	-11.75%	19.17%	79.71%	43.32%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	$86.63M	$125.7M	$81.12M	$80.95M	$71.45M	$54.80M	$49.70M	$28.07M	$17.60M	$14.70M	$20.00M	$4.600M	$1.800M
YoY Change	-31.1%	55.0%	0.22%	13.3%	30.38%	10.26%	77.09%	59.46%	19.73%	-26.5%	334.78%	155.56%	38.46%
Income Tax	$25.12M	$31.48M	$20.47M	$20.48M	$16.46M	$13.45M	$16.27M	$9.371M	$6.100M	$4.600M	$3.800M	$1.500M	$300.0K
% Of Pretax Income	28.99%	25.03%	25.23%	25.3%	23.04%	24.54%	32.73%	33.39%	34.66%	31.29%	19.0%	32.61%	16.67%
Net Earnings	$61.52M	$94.26M	$60.65M	$60.12M	$54.64M	$41.04M	$33.15M	$18.46M	$11.20M	$9.700M	$15.20M	$1.800M	$0.00
YoY Change	-34.74%	55.41%	0.88%	10.03%	33.15%	23.79%	79.56%	64.84%	15.46%	-36.18%	744.44%		-100.0%
Net Earnings / Revenue	16.07%	34.41%	35.35%	40.3%	39.43%	32.69%	30.34%	24.46%
Basic Earnings Per Share	$4.17	$6.78	$5.65	$5.82	$5.71	$4.26	$3.51	$2.49
Diluted Earnings Per Share	$4.08	$6.557M	$5.44	$5.70	$5.52	$4.12	$3.33	$2.37	$2.54	$2.25	$3.80	$0.53	$0.01

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$118.8M	$109.0M	$94.57M	$59.94M	$56.47M	$48.17M	$47.15M	$45.86M	$29.60M	$31.90M	$29.80M	$19.60M	$19.30M
YoY Change	8.99%	15.22%	57.76%	6.15%	17.22%	2.17%	2.81%	54.94%	-7.21%	7.05%	52.04%	1.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$8.469B	$8.764B	$7.695B	$4.552B	$3.577B	$3.097B	$2.932B	$2.301B	$1.214B	$1.215B	$1.199B	$745.3M	$678.2M
YoY Change
Accounts Payable	$64.94M	$70.18M	$68.73M	$48.33M	$38.19M	$17.74M	$18.44M	$16.91M	$8.500M	$10.80M	$7.400M	$6.400M	$4.800M
YoY Change	-7.46%	2.11%	42.2%	26.56%	115.26%	-3.82%	9.07%	98.95%	-21.3%	45.95%	15.63%	33.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$317.0M	$0.00	$0.00	$0.00	$0.00				$0.00	$7.100M	$4.000M	$4.100M
YoY Change	-100.0%									-100.0%	77.5%	-2.44%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$64.94M	$70.18M	$68.73M	$48.33M	$38.19M	$17.74M	$18.44M	$16.91M	$8.500M	$10.80M	$14.50M	$10.40M	$8.900M
YoY Change	-7.46%	2.11%	42.2%	26.56%	115.26%	-3.82%	9.07%	98.95%	-21.3%	-25.52%	39.42%	16.85%
Long-Term Debt	$161.9M	$225.3M	$191.9M	$24.87M	$42.57M	$42.05M	$41.54M	$36.62M	$24.40M	$12.30M	$44.60M	$6.200M	$6.200M
YoY Change	-28.14%	17.42%	671.7%	-41.58%	1.22%	1.24%	13.44%	50.07%	98.37%	-72.42%	619.35%	0.0%
Other Long-Term Liabilities		$0.00	$51.59M
YoY Change		-100.0%
Total Long-Term Liabilities	$161.9M	$225.3M	$243.5M	$24.87M	$42.57M	$42.05M	$41.54M	$36.62M	$24.40M	$12.30M	$44.60M	$6.200M	$6.200M
YoY Change	-28.14%	-7.46%	879.13%	-41.58%	1.22%	1.24%	13.44%	50.07%	98.37%	-72.42%	619.35%	0.0%
Total Liabilities	$7.430B	$7.791B	$6.803B	$4.013B	$3.061B	$2.710B	$2.568B	$2.025B	$1.105B	$1.104B	$1.094B	$667.9M	$602.2M
YoY Change	-4.64%	14.53%	69.54%	31.09%	12.96%	5.52%	26.83%	83.27%	0.05%	0.95%	63.78%	10.91%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Basic Shares Outstanding	14.74M shares	13.91M shares	10.74M shares	10.34M shares	9.562M shares	9.640M shares	9.440M shares	7.158M shares
Diluted Shares Outstanding	15.07M shares	14.38M shares	11.15M shares	10.54M shares	9.900M shares	9.956M shares	9.958M shares	7.514M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.7043 Billion

About NICOLET BANKSHARES INC

Nicolet Bankshares, Inc. is a holding company, which engages in the provision of commercial and consumer banking services through its subsidiary. The company is headquartered in Green Bay, Wisconsin and currently employs 952 full-time employees. The company went IPO on 2013-04-26. The Bank operates branches in Wisconsin, Michigan and Minnesota. The firm offers a variety of loans, deposits and related services to business customers, including business checking and other business deposit products and cash management services, international banking services, as well as retirement plan services. The company offers a variety of banking products and services to consumers, including residential mortgage loans and mortgage refinancing, home equity loans and lines of credit, residential construction loans, safe deposit boxes, and personal brokerage, trust and fiduciary services. The firm delivers its products and services through approximately 56 bank branch locations, online banking, mobile banking and an interactive Website.

Industry: National Commercial Banks Peers: BANC OF CALIFORNIA, INC. BROOKLINE BANCORP INC Origin Bancorp, Inc. Customers Bancorp, Inc. LAKELAND BANCORP INC Preferred Bank PNC FINANCIAL SERVICES GROUP, INC.