NICOLET BANKSHARES INC (NCBS) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans	156.6	136.4	125.5	114.0	100.5	69.4	45.6	46.1
Interest income on investments	12.1	10.2	9.7	8.4	7.1	4.7	2.5	2.4
	171.6	149.2	138.6	125.5	109.3	75.5	48.6	48.9
Interest expense:
Interest on deposits	10.4	16.6	19.0	15.4	7.7	5.1
Interest on borrowings							0.6	0.9
	13.6	19.9	22.5	18.9	10.5	7.3	7.2	7.1
Net interest income	158.0	129.3	116.1	106.6	98.7	68.1	41.4	41.9
Provision for loan losses	14.9	10.3	1.2
Net interest income after provision for loan losses	143.1	119.0	114.9	106.6	98.7	68.1	41.4	41.9
Deposit and loan fees							2.3	2.1
Credit and debit card fees							1.6
Other non-interest income	67.4	62.6	53.4	39.5	34.6	26.7	13.8	12.1
Total non-interest income	67.4	62.6	53.4	39.5	34.6	26.7	17.7	14.2
Non-interest expenses	129.3	100.7	96.8	89.8	81.4	64.9	39.6	38.7
Pre-tax income before non-recurring items	86.8	82.0	71.5	54.8	49.7	28.1	17.6	14.7
Non-recurring items	5.7	1.0	0.1
Pre-tax income	81.1	80.9	71.4	54.8	49.7	28.1	17.6	14.7
Income taxes	20.5	20.5	16.5	13.4	16.3	9.4	6.1	4.6
Tax rate	25.2%	25.3%	23.0%	24.5%	32.7%	33.4%	34.5%	31.4%
Minority interest		0.3	0.3	0.3	0.3	0.2	0.1	0.1
Net income	60.7	60.1	54.6	41.0	33.2	17.8	11.2	9.7
Net margin	28.8%	33.1%	32.5%	28.1%	24.9%	18.8%	18.9%	17.2%

Basic EPS	$5.65	$5.82	$5.71	$4.26	$3.51	$2.49	$2.80	$2.33
Diluted EPS	$5.44	$5.70	$5.52	$4.12	$3.33	$2.37	$2.57	$2.25

Shares outstanding (basic)	10.7	10.3	9.6	9.6	9.4	7.2	4.0	4.2
Shares outstanding (diluted)	11.1	10.5	9.9	10.0	10.0	7.5	4.4	4.3

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.