FRA:OFR 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	256.63	210.29	126.6	93.53	84.23
Interest Income on Investments	47.1	38.65	23.3	15.13	9.47
Total Interest Income	303.73	248.93	149.9	108.65	93.7
Interest Paid on Deposits	92.34	84.23	37.51	6.34	4.2
Interest Paid on Borrowings	11.6	9.45	7.48	2.69	2.52
Total Interest Expense	103.94	93.68	44.99	9.02	6.72
Net Interest Income	199.79	155.25	104.91	99.63	86.97
Net Interest Income Growth (YoY)	28.69%	47.99%	5.30%	14.55%	4.03%
Trust Income	21.7	11.5	7.69	7.63	7.9
Mortgage Banking Activities	1.81	1.84	0.59	0.41	5.91
Gain (Loss) on Sale of Assets	-	-	1.1	-	-
Gain (Loss) on Sale of Investments	0.17	0.25	-0.05	-0.16	0.64
Gain (Loss) on Sale of Equity Investments	-	-0.16	-0.32	-0.27	-0.27
Other Non-Interest Income	17.4	18.69	12.69	15.52	11.93
Total Non-Interest Income	52.31	37.44	25.65	26.95	29.15
Non-Interest Income Growth (YoY)	39.74%	45.93%	-4.82%	-7.55%	2.98%
Revenues Before Loan Losses	252.11	192.69	130.56	126.58	116.13
Provision for Loan Losses	0.03	16.55	1.68	4.19	1.09
Revenue	252.08	176.14	128.88	122.39	115.04
Revenue Growth (YoY)	43.11%	36.68%	5.30%	6.40%	7.92%
Salaries and Employee Benefits	85.17	67.86	48.63	45.85	42.05
Occupancy Expenses	16.98	-	-	-	-
Federal Deposit Insurance	2.83	2.68	1.96	1.08	0.82
Amortization of Goodwill & Intangibles	9.77	5.74	0.95	1.11	1.28
Selling, General & Administrative	14.08	36.89	22.84	22.98	21.45
Other Non-Interest Expense	17.91	11.72	8.41	8.6	8.54
Total Non-Interest Expense	146.73	124.89	82.78	79.62	74.14
EBT Excluding Unusual Items	105.35	51.25	46.09	42.77	40.9
Legal Settlements	-	-0.48	-	-13	-
Pretax Income	102.64	27.81	45.03	26.62	40.9
Income Tax Expense	21.78	5.76	9.37	4.58	8.01
Net Income	80.86	22.05	35.66	22.04	32.88
Net Income to Common	80.86	22.05	35.66	22.04	32.88
Net Income Growth	266.69%	-38.17%	61.83%	-32.98%	24.25%
Basic Shares Outstanding	19	15	10	11	11
Diluted Shares Outstanding	19	15	10	11	11
Shares Change (YoY)	29.78%	42.92%	-2.53%	-3.60%	0.65%
EPS (Basic)	4.21	1.49	3.45	2.09	3.00
EPS (Diluted)	4.18	1.48	3.42	2.06	2.96
EPS Growth	182.43%	-56.73%	66.02%	-30.40%	23.33%
Dividend Per Share	1.060	0.860	0.800	0.760	0.740
Dividend Growth	23.26%	7.50%	5.26%	2.70%	8.82%
Effective Tax Rate	21.22%	20.70%	20.81%	17.20%	19.60%

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