FRA:45D Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	247.31	216.9	182.65	115.37	91.84
Interest Income on Investments	-	16.23	12.28	6	4.15
Total Interest Income	247.31	233.13	194.93	121.37	96
Interest Paid on Deposits	110.62	97.92	71.42	13.18	3.55
Interest Paid on Borrowings	-	11	10.92	9.77	7.78
Total Interest Expense	110.62	108.92	82.34	22.95	11.33
Net Interest Income	136.69	124.21	112.59	98.42	84.66
Net Interest Income Growth (YoY)	10.05%	10.32%	14.39%	16.25%	9.85%
Trust Income	14.72	13.26	11.43	10.88	10.78
Gain (Loss) on Sale of Investments	-	-0.01	-0.05	-	0.03
Gain (Loss) on Sale of Equity Investments	-	1.93	5.02	3.01	2.5
Other Non-Interest Income	10.85	8.35	9.72	9.15	6.9
Total Non-Interest Income	31.94	29.25	31.31	29.43	28.1
Non-Interest Income Growth (YoY)	9.18%	-6.57%	6.39%	4.73%	14.48%
Revenues Before Loan Losses	168.63	153.46	143.9	127.85	112.76
Provision for Loan Losses	8.66	8.83	8.18	-3.87	-5.8
Revenue	159.97	144.63	135.71	131.72	118.57
Revenue Growth (YoY)	10.61%	6.57%	3.03%	11.09%	39.80%
Salaries and Employee Benefits	67.87	60.32	58.08	55.16	49.2
Federal Deposit Insurance	3.23	2.76	2.24	1.04	1.14
Selling, General & Administrative	24.27	26.72	23.72	20.88	18.79
Other Non-Interest Expense	4.15	3.58	4.43	2.37	2.36
Total Non-Interest Expense	99.52	93.48	88.58	79.47	71.54
EBT Excluding Unusual Items	60.45	51.15	47.14	52.24	47.03
Pretax Income	60.45	51.15	47.14	52.24	47.03
Income Tax Expense	10.13	6.91	10.11	11.39	11.28
Net Income	50.32	44.25	37.03	40.86	35.76
Preferred Dividends & Other Adjustments	0.88	1.91	1.81	1.79	1.05
Net Income to Common	49.44	42.34	35.21	39.07	34.7
Net Income Growth	13.73%	19.49%	-9.38%	14.27%	110.60%
Basic Shares Outstanding	8	8	8	8	8
Diluted Shares Outstanding	8	8	8	8	8
Shares Change (YoY)	0.12%	0.21%	-1.16%	-1.06%	-0.83%
EPS (Basic)	6.06	5.20	4.33	4.75	4.17
EPS (Diluted)	5.94	5.20	4.33	4.75	4.17
EPS Growth	14.32%	20.00%	-8.82%	13.88%	111.67%
Dividend Per Share	1.160	1.000	0.910	0.790	0.720
Dividend Growth	16.00%	9.89%	15.19%	9.72%	9.09%
Effective Tax Rate	16.76%	13.50%	21.45%	21.79%	23.97%

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