FRA:4FB 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	940.7	1,022	979.7	790.2	430.2
Interest Income on Investments	243	280.3	300.4	231.3	76.3
Total Interest Income	1,184	1,303	1,280	1,022	506.5
Interest Paid on Deposits	299.8	325.9	242.6	48.3	8.1
Interest Paid on Borrowings	58.5	155	158.7	30.6	9.2
Total Interest Expense	358.3	480.9	401.3	78.9	17.3
Net Interest Income	825.4	821.6	878.8	942.6	489.2
Net Interest Income Growth (YoY)	0.46%	-6.51%	-6.77%	92.68%	-1.73%
Trust Income	40.6	38.8	35.3	34.3	26.3
Mortgage Banking Activities	5.8	6.6	8.4	15.3	33.9
Gain (Loss) on Sale of Assets	-	2.9	-0.7	2	1.8
Gain (Loss) on Sale of Investments	-	-	-23.5	-24.4	1.1
Other Non-Interest Income	160	104.1	104.5	108	63
Total Non-Interest Income	233.4	178.1	147	159.8	142.6
Non-Interest Income Growth (YoY)	31.05%	21.16%	-8.01%	12.06%	-13.99%
Revenues Before Loan Losses	1,059	999.7	1,026	1,102	631.8
Provision for Loan Losses	26.8	67.8	32.2	82.7	-14.6
Revenue	1,032	931.9	993.6	1,020	646.4
Revenue Growth (YoY)	10.74%	-6.21%	-2.56%	57.75%	6.54%
Salaries and Employee Benefits	349.2	335.5	333.7	350	211.8
Occupancy Expenses	75.4	48.7	48	44	28.7
Federal Deposit Insurance	-	24	31.5	14	6.6
Amortization of Goodwill & Intangibles	13.6	14.6	15.7	15.9	9.9
Selling, General & Administrative	-	111	105.8	110.2	74
Other Non-Interest Expense	201.6	99.5	120.6	110.7	63.1
Total Non-Interest Expense	640.3	637.4	656.8	647.1	393.9
EBT Excluding Unusual Items	391.7	294.5	336.8	372.6	252.5
Asset Writedown	-	-	-	3.4	6.9
Pretax Income	391.7	294.5	336.8	257.1	247.8
Income Tax Expense	89.6	68.5	79.3	54.9	55.7
Net Income	302.1	226	257.5	202.2	192.1
Net Income to Common	302.1	226	257.5	202.2	192.1
Net Income Growth	33.67%	-12.23%	27.35%	5.26%	19.17%
Basic Shares Outstanding	103	103	104	103	62
Diluted Shares Outstanding	103	103	104	103	62
Shares Change (YoY)	-0.35%	-0.57%	0.43%	67.38%	-3.12%
EPS (Basic)	2.95	2.19	2.48	1.96	3.12
EPS (Diluted)	2.94	2.19	2.48	1.96	3.11
EPS Growth	34.25%	-11.69%	26.67%	-37.05%	22.93%
Dividend Per Share	1.880	1.880	1.880	1.760	1.640
Dividend Growth	-	-	6.82%	7.32%	11.56%
Effective Tax Rate	22.88%	23.26%	23.54%	21.35%	22.48%

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