Earnings per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of basic and diluted earnings per common share

Presented below are the calculations for basic and diluted earnings per common share.


	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands, except per share data)	2021		2020		2021		2020
Net income attributable to Nicolet Bankshares, Inc.	$	7,824	$	18,102	$	44,347	$	42,135

Weighted average common shares outstanding	10,392		10,349		10,098		10,426
Effect of dilutive common stock awards	384		150		405		179
Diluted weighted average common shares outstanding	10,776		10,499		10,503		10,605

Basic earnings per common share*	$	0.75	$	1.75	$	4.39	$	4.04
Diluted earnings per common share*	$	0.73	$	1.72	$	4.22	$	3.97

*Cumulative quarterly per share performance may not equal annual per share totals due to the effects of the amount and timing of capital increases. When computing earnings per share for an interim period, the denominator is based on the weighted average shares outstanding during the interim period, and not on an annualized weighted average basis. Accordingly, the sum of the earnings per share data for the quarters will not necessarily equal the year to date earnings per share data.