NIC FINANCIAL STATEMENTS

Nicolet Bankshares Inc. — balance sheet, income statement and cash flow trends

NICNicolet Bankshares Inc.

🇺🇸 USA · NYSE · Financial Services · Banks - Regional

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Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
0200 M400 M202120222023202420252026

Profit Funnel

Q1 2026 · TTM
Revenue523.8 M $Gross Profit343.4 M $ · 66%Operating Income165.8 M $ · 32%Pre-tax Income165.8 M $ · 32%Net Income133.3 M $ · 25%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue523.8 M $-0.6%
Gross Profit343.4 M $-2.4%
Operating Income165.8 M $+3.0%
EBITDA177.1 M $+0.1%
Net Income133.3 M $+3.4%

Peer Comparison· Banks - Regional

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
NIC———25.4%
BFL———30.2%
BOQ———2.0%
KLNMA———58.1%
EQB———6.6%
BEN————
Industry median—67.2%20.4%20.6%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
05 B10 B15 B202120222023202420252026

Capital Structure

Q1 2026
Total Assets15.6 B
  • Equity2.3 B $14%
  • Current Liabilities12.6 B $81%
  • Long-term Liabilities693.2 M $4%

Key Figures

YoY change
Total Assets15.6 B $+73.5%
Total Liabilities13.3 B $+70.9%
Total Equity2.3 B $+90.7%
Cash & ST Investments1.9 B $+78.1%
Total Debt180 M $+14.9%
Net Debt-435.5 M $—

Peer Comparison· Banks - Regional

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
NIC0.158.0%-9.4914.5%
BFL33.689.1%-3.3012.0%
BOQ0.05258.4%49.896.0%
KLNMA—0.0%-0.0017.7%
EQB0.09496.5%40.366.2%
BEN0.03142.6%—6.6%
Industry median0.3138.0%-0.5811.0%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
050 M100 M150 M202120222023202420252026

Cash Flow Bridge

Q1 2026 · TTM
050 M100 M128 M $Operating-26.7 M $Investing-58 M $Financing43.3 M $Net Change

Key Figures

YoY change
Operating Cash Flow128 M $-15.9%
Capital Expenditures4.8 M $-64.6%
Free Cash Flow123.2 M $-11.0%
Dividends Paid21.3 M $+24.4%

Peer Comparison· Banks - Regional

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
NIC24.4%23.5%0.9%96.0%
BFL116.9%27.7%2.8%386.6%
BOQ13.1%13.0%0.2%668.4%
KLNMA58.1%57.8%0.3%100.0%
EQB-2.9%-7.6%3.1%-44.2%
BEN————
Industry median23.6%22.1%1.5%111.4%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.