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Nicolet Bankshares (Nicolet Bankshares) Effective Interest Rate on Debt % : 86.13% (As of Dec. 2023)


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What is Nicolet Bankshares Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Nicolet Bankshares's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $157.1 Mil. Nicolet Bankshares's average total debt for the quarter that ended in Dec. 2023 was $182.3 Mil. Therefore, Nicolet Bankshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 86.13%.


Nicolet Bankshares Effective Interest Rate on Debt % Historical Data

The historical data trend for Nicolet Bankshares's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nicolet Bankshares Effective Interest Rate on Debt % Chart

Nicolet Bankshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 31.06 32.70 10.05 8.94 39.86

Nicolet Bankshares Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.49 31.05 53.36 69.00 86.13

Competitive Comparison of Nicolet Bankshares's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Nicolet Bankshares's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nicolet Bankshares's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Nicolet Bankshares's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Nicolet Bankshares's Effective Interest Rate on Debt % falls into.



Nicolet Bankshares Effective Interest Rate on Debt % Calculation

Nicolet Bankshares's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -141.346/( (542.342+166.93)/ 2 )
=-1  *  -141.346/354.636
=39.86 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=225.342 + 317
=542.342

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=166.93 + 0
=166.93

Nicolet Bankshares's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -157.052/( (197.754+166.93)/ 2 )
=-1  *  -157.052/182.342
=86.13 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=197.754 + 0
=197.754

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=166.93 + 0
=166.93

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Nicolet Bankshares  (NYSE:NIC) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Nicolet Bankshares Effective Interest Rate on Debt % Related Terms

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Nicolet Bankshares (Nicolet Bankshares) Business Description

Industry
Traded in Other Exchanges
N/A
Address
111 North Washington Street, Green Bay, WI, USA, 54301
Nicolet Bankshares Inc is a United States-based bank holding company engaged in banking, consisting of lending and deposit gathering, ancillary banking-related products and services, to businesses and individuals. It offers a variety of loans, deposits, and related services to business customers especially small and medium-sized businesses and professional concerns, business deposit products, cash management services, international banking services, business loans, lines of credit, commercial real estate financing, construction loans, agricultural real estate or production loans, and letters of credit, as well as retirement plan services.
Executives
Eric James Witczak officer: EVP - Nicolet National Bank C/O NICOLET BANKSHARES, INC., 111 NORTH WASHINGTON STREET, GREEN BAY WI 54301
Patrick Joseph Madson officer: SVP-Wealth Mgmt-NicoletNatBank C/O NICOLET BANKSHARES, INC., 111 NORTH WASHINGTON STREET, GREEN BAY WI 54301
Robert Bruce Atwell director, officer: Pres. and Chief Executive Off. C/O NICOLET NATIONAL BANK, 111 NORTH WASHINGTON STREET, GREEN BAY WI 54301
Susan L Merkatoris director C/O NICOLET NATIONAL BANK, 111 NORTH WASHINGTON ST, GREEN BAY WI 54301
Michael E Daniels director, officer: EVP and Secretary C/O NICOLET NATIONAL BANK, 111 NORTH WASHINGTON STREET, GREEN BAY WI 54301
Brad Vincent Hutjens officer: SVP - CCO - Nicolet Natl Bank C/O NICOLET BANKSHARES, INC., 111 NORTH WASHINGTON STREET, GREEN BAY WI 54301
Glen E Tellock director 1725 SHEPHERD ROAD, CHATTANOOGA TN 37421
Hector Colon director C/O NICOLET BANKSHARES, INC., 111 NORTH WASHINGTON STREET, GREEN BAY WI 54301
Moore Hubert Phillip Jr officer: CFO C/O NICOLET BANKSHARES, INC., 111 NORTH WASHINGTON STREET, GREEN BAY WI 54301
Brenda L Johnson director C/O NICOLET BANKSHARES, INC., 111 N. WASHINGTON STREET, GREEN BAY WI 54301
Christopher J. Ghidorzi director C/O NICOLET NATIONAL BANK, 111 NORTH WASHINGTON STREET, GREEN BAY WI 54301
John Nicholas Dykema director C/O NICOLET BANKSHARES, INC., 111 NORTH WASHINGTON STREET, GREEN BAY WI 54301
Marcia M Anderson director 133 S BLAIR STREET, PO BOX 1231, MADISON WI 53701-1231
Robert J Weyers director C/O NICOLET NATIONAL BANK, 111 NORTH WASHINGTON STREET, GREEN BAY WI 54301
Eric Peter Radzak officer: Corp Dev Off Nicolet Nat Bank C/O NICOLET BANKSHARES, INC., 111 NORTH WASHINGTON STREET, GREEN BAY WI 54301