Preferred Bank Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	130.66	150.04	128.85	95.24
Depreciation & Amortization	2.15	1.72	1.89	1.9
Other Amortization	0.24	0.24	0.24	1.1
Gain (Loss) on Sale of Assets	-	-	0.43	-
Gain (Loss) on Sale of Investments	7.42	16.13	8.13	4.42
Total Asset Writedown	1.63	1.9	-0.95	-
Provision for Credit Losses	12.1	10	7.35	-1
Net Decrease (Increase) in Loans Originated / Sold - Operating	-1.2	0.39	-	0.02
Accrued Interest Receivable	9.73	-11.74	-8.62	7.86
Change in Income Taxes	0.2	-2.39	-	-
Other Operating Activities	-4.47	-9.04	-7.58	-5.1
Operating Cash Flow	164.52	175.39	143.76	119.63
Operating Cash Flow Growth	-6.20%	22.01%	20.16%	15.29%
Capital Expenditures	-0.92	-2.42	-0.36	-0.6
Investment in Securities	-37.43	94.47	-36.89	-231.58
Net Decrease (Increase) in Loans Originated / Sold - Investing	-383.36	-193.46	-649.56	-387.83
Other Investing Activities	0.09	3.37	-13.09	-
Investing Cash Flow	-421.62	-98.03	-699.89	-620.01
Long-Term Debt Issued	-	-	-	147.63
Long-Term Debt Repaid	-	-	-	-100
Net Debt Issued (Repaid)	-	-	-	47.63
Repurchase of Common Stock	-38.25	-55.24	-33.29	-17.72
Common Dividends Paid	-37.5	-31.14	-25.14	-21.43
Net Increase (Decrease) in Deposit Accounts	207.51	152.35	331.49	783.03
Financing Cash Flow	131.76	65.97	273.05	791.52
Net Cash Flow	-125.34	143.33	-283.08	291.15
Free Cash Flow	163.61	172.98	143.4	119.03
Free Cash Flow Growth	-5.42%	20.63%	20.47%	16.39%
Free Cash Flow Margin	61.24%	62.77%	59.25%	62.28%
Free Cash Flow Per Share	12.07	12.13	9.68	8.01
Cash Interest Paid	236.08	175.1	45.13	25.69
Cash Income Tax Paid	46.33	58.39	43.67	29.29

Source: S&P Global Market Intelligence. Banks template. Financial Sources.