NICOLET BANKSHARES INC NCBS Income Statement

Nicolet bankshares inc (NCBS)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12
Interest income:
Loans, including loan fees
129,334	125,524	121,820	119,483	115,467	113,953	112,088	110,420	107,900	100,541	93,067	86,787	78,950	69,425	61,172	51,282	45,229	45,638	45,434	46,220	47,053	46,081	46,103	47,014	45,226	41,000	36,809	30,768	27,470	27,145	0	0	0
Investment securities:
Taxable
8,023	7,584	7,143	6,803	6,359	6,068	5,809	5,359	5,001	4,728	4,383	4,171	3,694	3,029	2,430	1,867	1,470	1,460	1,492	1,532	1,582	1,606	1,605	1,535	1,398	1,107	871	711	590	625	0	0	0
Tax-exempt
2,017	2,075	2,133	2,202	2,257	2,296	2,336	2,368	2,383	2,360	2,301	2,190	1,989	1,686	1,414	1,174	1,047	1,056	1,030	985	891	793	741	728	745	745	727	733	751	792	0	0	0
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other interest income
3,058	3,405	3,627	3,448	3,828	3,220	2,813	2,473	1,671	1,624	1,558	1,502	1,488	1,327	1,022	779	536	443	442	425	434	469	476	462	399	344	286	256	242	233	0	0	0
Total interest income
142,432	138,588	134,723	131,936	127,911	125,537	123,046	120,620	116,955	109,253	101,309	94,650	86,121	75,467	66,038	55,102	48,282	48,597	48,398	49,162	49,960	48,949	48,925	49,739	47,768	43,196	38,692	32,467	29,052	28,795	0	0	0
Interest expense:
Deposits
19,145	18,965	18,511	17,970	17,108	15,420	13,482	11,791	9,588	7,686	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Money market and NOW accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,293	2,231	2,184	2,260	2,259	2,234	2,248	2,275	2,272	2,253	2,144	2,065	1,985	1,878	1,813	1,705	0	0	0
Savings and time deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,807	2,820	2,852	2,930	3,021	3,079	3,122	3,067	2,932	2,760	2,529	2,328	2,259	2,335	2,520	2,999	0	0	0
Short-term borrowings and notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings
32	5	1	1	6	9	20	20	66	84	0	0	0	-	-	0	-	-	0	-	0	-	16	25	27	25	19	9	4	4	0	0	0
Long-term borrowings
3,389	3,540	3,573	3,575	3,548	3,460	3,418	3,234	3,002	2,741	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	648	666	682	762	850	930	1,015	1,113	1,144	1,208	1,271	1,265	1,319	0	0	0
Junior subordinated debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,149	995	890	881	878	876	875	875	875	876	823	730	636	542	502	503	0	0	0
Subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	636	636	602	494	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Total interest expense
22,566	22,510	22,085	21,546	20,662	18,889	16,920	15,045	12,656	10,511	9,050	7,878	7,410	7,334	7,278	7,229	7,162	7,213	7,152	7,040	7,055	7,067	7,025	6,929	6,636	6,292	6,107	6,035	6,104	6,530	0	0	0
Net interest income
119,866	116,078	112,638	110,390	107,249	106,648	106,126	105,575	104,299	98,742	92,259	86,772	78,711	68,133	58,760	47,873	41,120	41,384	41,246	42,122	42,905	41,882	41,900	42,810	41,132	36,904	32,585	26,432	22,948	22,265	0	0	0
Provision for credit losses
4,000	1,200	1,140	1,080	1,290	1,600	1,810	2,445	2,385	2,325	2,325	1,800	1,800	1,800	1,800	1,800	1,800	1,800	2,025	2,250	2,475	2,700	4,300	5,600	5,900	6,200	4,900	3,900	4,050	4,325	0	0	0
Net interest income after provision for credit losses
115,866	114,878	111,498	109,310	105,959	105,048	104,316	103,130	101,914	96,417	89,934	84,972	76,911	66,333	56,960	46,073	39,320	39,584	39,221	39,872	40,430	39,182	37,600	37,210	35,232	30,704	27,685	22,532	18,898	17,940	0	0	0
Noninterest income:
Mortgage income, net
13,002	11,878	8,796	6,998	6,467	6,344	5,849	5,721	5,599	5,361	5,803	6,039	5,765	5,494	4,301	3,102	2,955	3,258	3,445	3,139	2,585	1,926	1,548	1,396	1,679	2,336	2,775	3,268	3,225	3,090	0	0	0
BOLI income
2,613	2,369	2,323	2,847	2,435	2,418	2,393	1,833	1,819	1,778	1,718	1,577	1,435	1,284	1,127	1,061	1,004	996	998	996	961	933	904	878	870	825	793	755	726	710	0	0	0
Rent income
-	-	-	-	-	-	-	-	-	-	0	0	1,100	-	1,086	1,125	1,134	1,156	1,249	1,217	1,223	1,239	1,188	1,100	1,086	1,036	987	1,047	1,013	1,003	0	0	0
Investment advisory fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	448	400	390	408	425	431	448	440	420	398	372	348	333	334	343	343	0	0	0
Asset gains (losses), net
7,071	7,897	7,877	7,737	1,137	1,169	1,280	2,439	2,239	2,029	1,577	725	53	54	1,232	870	1,510	1,726	1,133	1,182	0	539	735	1,928	2,415	1,669	1,442	114	306	448	0	0	0
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-
Other income
4,596	5,559	5,559	5,877	5,557	5,528	6,306	5,721	5,363	4,454	2,562	3,567	3,956	4,045	3,032	1,740	935	758	2,057	1,904	1,826	1,780	1,712	1,635	1,534	1,309	1,104	894	719	693	0	0	0
Total noninterest income
53,766	53,367	49,855	48,192	39,871	39,509	38,333	37,848	36,694	34,639	33,912	32,280	29,565	26,674	23,339	18,992	17,516	17,708	17,049	16,509	14,495	14,185	13,757	15,854	26,740	25,736	25,022	21,965	10,876	10,744	0	0	0
Noninterest expense:
Personnel
55,223	54,437	52,136	52,205	49,521	49,476	50,203	48,708	47,017	44,458	41,686	40,714	38,615	34,030	30,275	25,396	22,180	22,523	22,423	22,152	21,868	21,472	21,213	21,180	21,351	19,615	17,602	15,594	13,432	13,146	0	0	0
Occupancy, equipment and office
15,242	14,788	14,634	14,840	14,537	14,574	14,596	14,495	14,264	13,308	12,565	12,024	11,309	10,276	8,989	7,716	6,941	6,928	6,979	6,969	6,973	7,086	7,385	7,472	7,201	6,407	5,472	4,744	4,380	4,415	0	0	0
Business development and marketing
5,763	5,685	5,473	5,379	5,263	5,324	5,480	5,259	5,113	4,700	4,494	4,366	3,839	3,488	3,013	2,577	2,337	2,244	2,231	2,230	2,217	2,267	2,497	2,522	2,458	2,348	1,986	1,850	1,729	1,649	0	0	0
Data processing
10,158	9,950	9,640	9,500	9,549	9,514	9,381	9,244	9,052	8,715	8,390	7,983	7,197	6,370	5,388	4,421	3,890	3,565	3,418	3,370	3,255	3,178	3,103	3,011	2,808	2,477	2,152	1,872	1,710	1,689	0	0	0
FDIC expense
-	-	-	-	-	-	-	-	-	-	0	0	1,000	-	775	670	594	615	637	655	695	715	767	847	774	700	638	532	540	566	0	0	0
Intangibles amortization
3,812	3,872	3,989	4,129	4,260	4,389	4,517	4,636	4,714	4,695	4,677	4,676	4,372	3,458	2,539	1,615	1,001	1,027	1,058	1,094	1,149	1,209	1,269	1,327	1,298	1,111	924	737	619	639	0	0	0
Other expense
7,696	8,067	7,122	7,098	6,745	6,481	6,400	5,848	5,747	5,480	6,119	6,283	7,826	7,320	5,850	5,264	2,921	2,746	2,743	2,693	2,766	2,782	2,642	3,218	3,789	3,773	3,715	2,865	2,207	1,958	0	0	0
Total noninterest expense
97,894	96,799	92,994	93,151	89,875	89,758	89,995	87,813	85,675	81,356	77,884	76,041	73,247	64,942	56,829	47,659	39,864	39,648	39,489	39,163	38,923	38,709	38,876	39,577	39,679	36,431	32,489	28,194	24,617	24,062	0	0	0
Income before income tax expense
71,738	71,446	68,359	64,351	55,955	54,799	52,654	53,165	52,933	49,700	45,962	41,211	33,229	28,065	23,470	17,406	16,972	17,644	16,781	17,218	16,002	14,658	12,481	13,487	22,293	20,009	20,218	16,303	5,157	4,622	0	0	0
Income tax expense
16,427	16,458	14,803	13,468	13,890	13,446	13,093	14,958	16,143	16,267	15,544	13,849	10,954	9,371	8,069	5,912	5,830	6,089	5,634	5,905	5,083	4,607	3,875	4,744	4,650	3,837	4,088	2,120	1,805	1,529	0	0	0
Net income
55,311	54,988	53,556	50,883	42,065	41,353	39,561	38,207	36,790	33,433	30,418	27,362	22,275	18,694	15,401	11,494	11,142	11,555	11,147	11,313	10,919	10,051	8,606	8,743	17,643	16,172	16,130	14,183	3,352	3,093	0	0	0
Less: Net income attributable to noncontrolling interest
382	347	347	345	339	317	285	279	271	283	284	275	259	232	207	170	140	127	122	117	104	102	91	46	43	31	34	69	63	57	0	0	0
Net income attributable to Nicolet Bankshares, Inc.
54,929	54,641	53,209	50,538	41,726	41,036	39,276	37,928	36,519	33,150	30,134	27,087	22,016	18,462	15,194	11,324	11,002	11,428	11,025	11,196	10,815	9,949	8,515	8,697	17,600	16,141	16,096	14,114	3,289	3,036	0	0	0
Preferred Stock Dividends and Other Adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	633	663	476	263	212	243	244	244	244	244	488	732	976	1,220	1,220	1,220	1,220	0	0	0
Net Income (Loss) Available to Common Stockholders, Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	17,829	14,531	10,848	10,739	11,216	10,782	10,952	10,571	9,705	8,271	8,209	16,868	15,165	14,876	12,894	2,069	1,816	0	0	0
Earnings per common share:
Basic (in dollars per share)
1.00	1.19	1.45	1.98	1.09	1.14	1.13	1.01	0.98	0.94	0.97	0.88	0.72	0.75	0.72	0.41	0.61	0.69	0.64	0.72	0.75	0.57	0.66	0.59	0.51	0.27	0.62	2.79	0.13	0.19	0.19	0.09	0.06
Diluted (in dollars per share)
0.98	1.16	1.40	1.91	1.05	1.11	1.09	0.98	0.94	0.90	0.91	0.83	0.69	0.72	0.69	0.39	0.57	0.63	0.58	0.66	0.70	0.54	0.63	0.58	0.50	0.27	0.62	2.78	0.13	0.19	0.19	0.09	0.06
Weighted average common shares outstanding:
Basic (in shares)
10,515	10,065	9,346	9,374	9,461	9,523	9,633	9,639	9,765	9,822	9,837	9,515	8,584	8,585	8,607	7,257	4,181	4,016	3,961	4,007	4,031	4,087	4,118	4,212	4,242	4,246	4,228	3,999	3,432	3,413	3,414	3,452	3,480
Diluted (in shares)
10,801	10,454	9,697	9,692	9,758	9,681	9,949	9,970	10,224	10,473	10,408	9,991	8,958	9,000	8,969	7,629	4,456	4,377	4,397	4,366	4,307	4,309	4,319	4,332	4,283	4,260	4,238	4,008	3,445	3,377	3,431	3,463	3,494
Trust services fee income
Fees and commissions
6,338	6,227	6,214	6,258	6,360	6,498	6,515	6,356	6,170	6,031	5,866	5,760	5,740	5,435	5,186	5,009	4,780	4,822	4,802	4,785	4,668	4,569	4,495	4,376	4,331	4,028	3,698	3,397	3,047	2,975	0	0	0
Brokerage fee income
Fees and commissions
8,627	8,115	7,893	7,512	7,248	7,042	6,618	6,386	6,081	5,736	5,726	5,218	4,573	3,624	2,251	1,429	810	670	662	644	641	631	624	586	535	477	412	375	341	323	0	0	0
Service charges on deposit accounts
Fees and commissions
4,879	4,824	4,795	4,819	4,825	4,845	4,874	4,865	4,786	4,604	4,424	4,237	3,986	3,571	3,110	2,690	2,432	2,348	2,278	2,211	2,143	2,128	2,131	2,077	2,003	1,793	1,563	1,346	1,156	1,159	0	0	0
Card interchange income
Fees and commissions
6,640	6,498	6,398	6,144	5,842	5,665	5,350	5,094	4,909	4,646	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-