Nicolet Bankshares, Inc. (NCBS) Income Statement Analysis

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Complete financial analysis of Nicolet Bankshares, Inc. (NCBS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Nicolet Bankshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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Nicolet Bankshares, Inc. (NCBS)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.nicoletbank.com

About Nicolet Bankshares, Inc.

Nicolet Bankshares, Inc. operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals. 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. As of December 31, 2021, it operated 52 branches throughout Wisconsin and Michigan. The company was formerly known as Green Bay Financial Corporation and changed its name to Nicolet Bankshares, Inc. in March 2002. Nicolet Bankshares, Inc. was incorporated in 2000 and is headquartered in Green Bay, Wisconsin.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	272.50M	297.88M	225.32M	191.96M	169.90M	146.16M	133.38M	94.81M	59.09M	56.07M	50.73M	33.01M	38.27M	40.39M
Cost of Revenue	-139.97M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	38.27M	40.39M
Gross Profit	412.47M	297.88M	225.32M	191.96M	169.90M	146.16M	133.38M	94.81M	59.09M	56.07M	50.73M	33.01M	0.00	0.00
Gross Profit Ratio	151.37%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%	0.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	103.11M	90.63M	90.05M	73.21M	70.07M	64.31M	58.66M	44.80M	28.95M	27.63M	25.14M	17.05M	0.00	0.00
Selling & Marketing	7.79M	8.47M	5.40M	5.40M	5.69M	5.32M	4.70M	3.49M	2.24M	2.27M	2.35M	1.65M	0.00	0.00
SG&A	163.61M	99.11M	90.05M	73.21M	70.07M	64.31M	58.66M	44.80M	28.95M	27.63M	25.14M	17.05M	11.40M	10.81M
Other Expenses	0.00	-40.55M	-234.24M	-184.58M	-168.87M	-137.10M	-132.11M	-111.54M	-70.40M	-69.04M	-55.86M	-45.44M	-5.70M	-5.40M
Operating Expenses	163.61M	8.47M	-144.20M	-111.37M	-98.80M	-72.79M	-73.45M	-66.74M	-41.45M	-41.41M	-30.72M	-28.39M	5.70M	5.40M
Cost & Expenses	163.61M	8.47M	-144.20M	-111.37M	-98.80M	-72.79M	-73.45M	-66.74M	-41.45M	-41.41M	-30.72M	-28.39M	36.43M	39.11M
Interest Income	382.86M	273.92M	171.56M	149.20M	138.59M	125.54M	109.25M	75.47M	48.60M	48.95M	43.20M	28.80M	0.00	0.00
Interest Expense	141.35M	33.96M	13.60M	19.86M	22.51M	18.89M	10.51M	7.33M	7.21M	7.07M	6.29M	6.53M	1.87M	1.94M
Depreciation & Amortization	18.40M	14.22M	8.49M	7.97M	7.67M	8.79M	8.90M	6.66M	3.32M	3.85M	3.41M	2.42M	740.62K	329.17K
EBITDA	105.04M	147.67M	94.98M	91.63M	78.76M	61.08M	56.77M	0.00	0.00	18.51M	23.42M	0.00	2.59M	1.61M
EBITDA Ratio	38.55%	60.97%	37.55%	43.84%	46.15%	54.50%	50.23%	42.51%	47.47%	45.43%	58.51%	40.93%	6.76%	3.99%
Operating Income	108.89M	175.01M	81.12M	80.60M	71.10M	73.37M	59.93M	28.07M	17.64M	14.66M	20.01M	4.62M	1.85M	1.28M
Operating Income Ratio	39.96%	58.75%	36.00%	41.99%	41.85%	50.20%	44.93%	29.60%	29.86%	26.14%	39.45%	14.00%	4.83%	3.17%
Total Other Income/Expenses	-22.25M	-18.52M	-20.33M	-11.09M	-11.64M	-10.67M	0.00	-10.78M	-4.39M	0.00	0.00	-1.21M	0.00	0.00
Income Before Tax	86.63M	125.74M	81.12M	80.95M	71.45M	54.80M	49.70M	28.07M	17.64M	14.66M	20.01M	4.62M	1.85M	1.28M
Income Before Tax Ratio	31.79%	42.21%	36.00%	42.17%	42.05%	37.49%	37.26%	29.60%	29.86%	26.14%	39.45%	14.00%	4.83%	3.17%
Income Tax Expense	25.12M	31.48M	20.47M	20.48M	16.46M	13.45M	16.27M	9.37M	6.09M	4.61M	3.84M	1.53M	318.43K	136.33K
Net Income	61.52M	94.26M	60.65M	60.12M	54.64M	41.04M	33.15M	18.46M	11.43M	9.95M	16.14M	3.04M	1.49M	1.11M
Net Income Ratio	22.57%	31.64%	26.92%	31.32%	32.16%	28.08%	24.85%	19.47%	19.34%	17.74%	31.82%	9.20%	3.89%	2.75%
EPS	4.17	6.78	5.65	5.82	5.71	4.26	3.51	2.49	2.80	2.33	3.81	0.43	0.01	0.04
EPS Diluted	4.08	6.56	5.44	5.70	5.52	4.12	3.33	2.37	2.57	2.25	3.80	0.43	0.01	0.04
Weighted Avg Shares Out	14.74M	13.91M	10.74M	10.34M	9.56M	9.64M	9.44M	7.16M	4.00M	4.17M	3.98M	4.27M	3.47M	3.45M
Weighted Avg Shares Out (Dil)	15.07M	14.37M	11.14M	10.54M	9.90M	9.96M	9.96M	7.51M	4.36M	4.31M	3.99M	4.27M	3.49M	3.48M

Why Nicolet Bankshares Stock Dropped 11% This Week

January 20, 2023fool.com

The regional bank missed analysts' earnings estimates in Q4.

Nicolet Bankshares (NCBS) Loses 7.3% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

April 22, 2022zacks.com

Nicolet Bankshares (NCBS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.