Nicolet Bankshares Inc.
Annual Report 2023

Plain-text annual report

1010 Condensed Consolidated Statements of Income 2023 2022 % Change Years Ended December 31, Net interest income Provision for credit losses Noninterest income Noninterest expense $241,516 $239,961 4,990 11,500 35,972 57,920 185,866 160,644 Income before income tax expense 86,632 125,737 Income tax expense Net income 25,116 31,477 $61,516 $94,260 1% -57% -38% 16% -31% -20% -35% Diluted earnings per common share $4.08 $6.56 -38% Return on average assets 0.73% 1.20% Return on average tangible common equity 10.58% 17.96% Efficiency ratio 59.50% 54.15% -0.47% -7.38% 5.35% Condensed Consolidated Balance Sheets 2023 2022 % Change At December 31, Cash and cash equivalents $491,431 $154,723 Securities Loans, net 802,573 1,596,746 6,290,332 6,118,670 Goodwill and other intangibles 394,366 402,438 All other assets Total assets Deposits Wholesale funding Other liabilities Common equity 489,976 491,392 $8,468,678 $8,763,969 $7,197,800 $7,178,921 166,930 542,342 64,941 70,177 1,039,007 972,529 Total liabilities and stockholders' equity $8,468,678 $8,763,969 Book value Tangible book value* $69.76 $43.28 $66.20 $38.81 218% -50% 3% -2% 0% -3% 0% -69% -7% 7% -3% 5% 12% 20

Continue reading text version or see original annual report in PDF format above