Nicolet Bankshares Inc.
Description
Nicolet Bankshares, Inc. operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin and Michigan. The company accepts checking, savings, and money market accounts; various certificates of deposit; and individual retirement accounts. It also offers commercial loans, including commercial, industrial, and business loans and lines of credit; commercial real estate loans; agricultural (AG) production and AG real estate loans; commercial real estate investment real estate loans; construction and land development loans; residential real estate loans, such as residential first lien and junior lien mortgages, home equity loans, lines of credit, and residential construction loans; and consumer loans. In addition, the company provides cash management, international banking, personal brokerage, safe deposit boxes, and trust and fiduciary services, as well as wealth management and retirement plan services. Further, it offers mortgage refinancing; online services, such as commercial, retail, and trust online banking; automated bill payment, mobile banking deposits and account access, and remote deposit capture services; and other services consisting of wire transfers, debit cards, credit cards, pre-paid gift cards, direct deposits, and official bank checks, as well as facilitates crop insurance products. The company was formerly known as Green Bay Financial Corporation and changed its name to Nicolet Bankshares, Inc. in March 2002. The company was incorporated in 2000 and is headquartered in Green Bay, Wisconsin.
About
CEO
Mr. Michael E. Daniels
Employees
952
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNYS
Address
111 North Washington Street, Green Bay, WI 54301, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 13, 2025 | — | — | — | — |
| Jul 14, 2025 | — | — | — | — |
| Apr 14, 2025 | — | — | — | — |
| Jan 14, 2025 | 1.94 | — | — | — |
| Oct 16, 2024 | 1.86 | 2.10 | 0.24 | 12.90% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 4 | — | 4 |
| Average estimate | — | 1.87 | — | 7.87 |
| Low estimate | — | 1.82 | — | 7.65 |
| High estimate | — | 1.94 | — | 8.19 |
| Last year EPS | — | 1.72 | — | 7.62 |
[stock_revenue_estimate]
Growth estimates
Current qtr
12.060%
Next qtr. (Mar 2025)
8.780%
Current year
5.490%
Next year (Dec 2025)
3.690%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 277.85M | 298.12M | 225.45M | 193.23M | 169.90M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 110.90M | 99.11M | 78.06M | 63.22M | 70.67M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 86.63M | 125.74M | 81.12M | 80.95M | 71.45M |
| Tax provision | 25.12M | 31.48M | 20.47M | 20.48M | 16.46M |
| Net income | 61.52M | 94.26M | 60.65M | 60.47M | 54.99M |
| Basic EPS | 4.17 | 6.78 | 5.65 | 5.82 | 5.71 |
| Diluted EPS | 4.08 | 6.56 | 5.44 | 5.70 | 5.52 |
| Basic average shares | 14.74M | 13.91M | 10.74M | 10.34M | 9.56M |
| Diluted average shares | 14.74M | 13.91M | 10.74M | 10.34M | 9.56M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 61.52M | 94.26M | 60.65M | 60.47M | 54.99M |
| Minority interests | — | — | — | -347,000 | -347,000 |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 129.90M | 121.21M | 209.35M | 88.46M | 75.43M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 497.81M | 167.24M | 617.21M | 832.38M | 201.36M |
| Other short term investments | 802.57M | 917.62M | 921.66M | 539.34M | 449.30M |
| Accounts receivable | — | 138.01M | 113.38M | 55.52M | 39.46M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | 23.48M | 20.20M | 14.70M | 10.29M | 11.28M |
| Machinery furniture equipment | 38.84M | 35.72M | 30.74M | 22.70M | 20.26M |
| Construction in progress | — | — | — | — | — |
| Leases | 7.23M | 7.08M | 6.51M | 4.38M | 4.58M |
| Accumulated depreciation | -50.45M | -43.67M | -37.15M | -32.42M | -30.47M |
| Goodwill | 761.75M | 769.83M | 656.68M | 338.50M | 317.17M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 26.98M | 35.05M | 22.30M | 12.20M | 14.77M |
| Investments and advances | 860.13M | 1.66B | 1.62B | 566.96M | 473.37M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | 70.18M | 68.73M | 48.33M | 38.19M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | 317.00M | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 166.93M | 225.34M | 216.92M | 53.87M | 67.63M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 149,000 | 147,000 | 140,000 | 100,000 | 106,000 |
| Retained earnings | 458.26M | 407.86M | 313.60M | 252.95M | 199.01M |
| Other shareholders equity | -53.17M | -57.47M | 3.10M | 12.75M | 4.42M |
| Total shareholders equity | 1.04B | 972.53M | 891.89M | 539.19M | 516.99M |
| Additional paid in capital | 633.77M | 621.99M | 575.05M | 273.39M | 312.73M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | 728,000 |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Net Income | 61.52M | 94.26M | 60.65M | 60.47M | 54.99M | 41.35M | 33.43M | 18.69M | 11.56M | 10.05M | 16.17M | 3.09M |
| Depreciation | 18.40M | 21.93M | 13.86M | 10.69M | 7.31M | 6.28M | 7.07M | 5.13M | 3.32M | 3.85M | 3.41M | 2.42M |
| Deferred Taxes | 3.03M | -12.91M | 6.33M | 3.13M | -2.65M | -1.52M | 6.96M | 2.97M | 1.59M | 68,000 | 2.60M | -273,000 |
| Stock-Based Compensation | 6.44M | 7.02M | 7.31M | 5.70M | 5.04M | 4.90M | 3.06M | 1.61M | 1.20M | 959,000 | 709,000 | 511,000 |
| Other Non-Cash Items | -4.08M | 3.83M | 28.76M | 4.07M | 5.33M | 5.47M | 1.41M | 1.65M | 4.64M | -4.79M | 7.35M | 6.43M |
| Accounts Receivable | -5.34M | 73,000 | -10.53M | 6.99M | -2.95M | -666,000 | -5.36M | 301,000 | -2.00M | 528,000 | 1.11M | 583,000 |
| Accounts Payable | -5.24M | -283,000 | 1.02M | 5.72M | 9.01M | 242,000 | -1.38M | -2.04M | -2.17M | 144,000 | -1.45M | 1.39M |
| Other Assets & Liabilities | — | — | -2.38M | -2.20M | -1.97M | -1.86M | -1.78M | -1.28M | -996,000 | -933,000 | -825,000 | -710,000 |
| Operating Cash Flow | 74.72M | 113.91M | 105.02M | 94.56M | 74.11M | 54.20M | 43.42M | 27.02M | 17.15M | 9.87M | 29.08M | 13.45M |
| Investing Activities | ||||||||||||
| Capital Expenditures | -18.20M | -12.23M | -12.79M | -10.79M | -4.39M | -4.26M | -2.02M | -4.05M | -805,000 | -5.76M | -3.01M | -1.92M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | 119.61M | 367.80M | -21.82M | 7.33M | — | 9.12M | 66.52M | -19.87M | — | 37.62M | — |
| Purchase of Investments | -73.20M | -90.10M | -883.09M | -174.88M | -98.30M | -78.11M | -66.44M | -85.90M | -41.49M | -60.13M | -14.40M | -17.36M |
| Sale of Investments | 833.06M | 173.95M | 220.20M | 113.86M | 94.48M | 72.79M | 65.05M | 67.08M | 36.10M | 21.81M | 68.18M | 18.67M |
| Investing Cash Flow | 754.12M | 206.13M | -305.14M | -92.84M | -4.07M | -9.02M | 7.43M | 45.21M | -22.42M | -46.83M | 88.39M | -4.36M |
| Financing Activities | ||||||||||||
| Long-Term Debt Issuance | — | — | 103.95M | 367.84M | — | — | 30.00M | — | 11.82M | — | 5.00M | 5.00M |
| Long-Term Debt Payments | -59.00M | -20.00M | -187.96M | -384.09M | -87.24M | -1.25M | -9.55M | -56.52M | -5.76M | -11.25M | -46.31M | -5.22M |
| Other Financing Charges | — | — | -789,000 | -8.22M | -525,000 | -275,000 | -186,000 | -260,000 | — | -60,000 | -460,000 | -202,000 |
| Financing Cash Flow | -381.77M | 105.92M | -145.00M | -64.50M | -111.71M | -22.48M | 9.29M | -122.00M | -9.02M | -23.55M | -62.66M | -3.07M |
| Other Cash Details | ||||||||||||
| End Cash Position | 491.43M | 154.72M | 595.29M | 802.86M | 182.06M | 249.53M | 154.93M | 129.10M | 83.62M | 68.71M | 146.98M | 82.00M |
| Income Tax Paid | 23.02M | 33.56M | 24.34M | 21.97M | 16.14M | 10.82M | 12.79M | 7.15M | 2.89M | 3.54M | 2.36M | 930,000 |
| Interest Paid | 138.01M | 37.43M | 10.88M | 23.49M | 22.33M | 18.54M | 10.93M | 7.51M | 7.29M | 7.32M | 6.68M | 6.80M |
| Free Cash Flow | 89.77M | 105.16M | 84.86M | 68.11M | 53.75M | 46.73M | 38.70M | 20.76M | 13.87M | 5.28M | 17.15M | 13.00M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Russell 2000 ETF | Nov 30, 2024 | 405,853 | 47.30M | 2.67% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 394,844 | 46.02M | 2.60% |
| Fidelity Low-Priced Stock Fund | Oct 31, 2024 | 215,118 | 25.07M | 1.41% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 206,109 | 24.02M | 1.35% |
| Janus Henderson Small Cap Value Fund | Sep 30, 2024 | 157,382 | 18.34M | 1.03% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 136,294 | 15.88M | 0.90% |
| John Hancock Regional Bank Fund (Investors Tr) | Nov 30, 2024 | 118,026 | 13.75M | 0.78% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 106,361 | 12.40M | 0.70% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 103,993 | 12.12M | 0.68% |
| John Hancock Financial Opportunities Fund | Nov 30, 2024 | 89,093 | 10.38M | 0.59% |
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