FRA:GV9 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	888.41	754.93	687.85	456.01	348.62
Interest Income on Investments	-	96.12	77.07	59.08	34.62
Total Interest Income	888.41	851.05	764.92	515.08	383.23
Interest Paid on Deposits	261.67	264.61	183.72	30.16	10.67
Interest Paid on Borrowings	-	18.35	18.6	11.02	12.37
Total Interest Expense	261.67	282.96	202.33	41.18	23.04
Net Interest Income	626.74	568.1	562.59	473.9	360.19
Net Interest Income Growth (YoY)	10.32%	0.98%	18.71%	31.57%	33.41%
Trust Income	10.46	10.45	10.03	10.01	10.26
Gain (Loss) on Sale of Investments	-	-	0.6	-	-
Other Non-Interest Income	43.48	31.95	32.34	28.27	34.03
Total Non-Interest Income	73.31	60.75	59.53	56.6	59.72
Non-Interest Income Growth (YoY)	20.68%	2.05%	5.17%	-5.21%	24.69%
Revenues Before Loan Losses	700.05	628.85	622.12	530.51	419.91
Provision for Loan Losses	26.34	21.51	36.61	-0.61	13.39
Revenue	673.72	607.34	585.52	531.12	406.52
Revenue Growth (YoY)	10.93%	3.73%	10.24%	30.65%	61.00%
Salaries and Employee Benefits	198.16	171.84	154.42	139.02	118.89
Selling, General & Administrative	20.15	54.03	47.59	46.24	38.83
Other Non-Interest Expense	200.77	150.22	136.98	86.4	54.65
Total Non-Interest Expense	419.09	376.09	338.99	271.66	212.37
EBT Excluding Unusual Items	254.63	231.24	246.53	259.46	194.16
Other Unusual Items	0.65	-	-	-	-
Pretax Income	283.72	231.24	246.53	259.46	168.63
Income Tax Expense	82.34	45.98	52.47	56.42	35.58
Net Income	201.37	185.27	194.06	203.04	133.06
Preferred Dividends & Other Adjustments	3.75	3.75	3.75	4.04	-
Net Income to Common	197.62	181.52	190.31	199	133.06
Net Income Growth	8.70%	-4.53%	-4.42%	52.60%	78.88%
Basic Shares Outstanding	37	37	37	37	34
Diluted Shares Outstanding	37	38	38	38	34
Shares Change (YoY)	-0.87%	0.16%	0.02%	8.71%	27.82%
EPS (Basic)	5.34	4.86	5.09	5.32	3.86
EPS (Diluted)	5.31	4.83	5.07	5.31	3.86
EPS Growth	9.94%	-4.73%	-4.52%	37.56%	39.87%
Dividend Per Share	1.220	1.060	1.000	0.900	0.750
Dividend Growth	15.09%	6.00%	11.11%	20.00%	4.17%
Effective Tax Rate	29.02%	19.88%	21.28%	21.74%	21.10%

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