FRA:PQ3 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	1,133	944.3	556.24	417.65	365.07
Interest Income on Investments	139.35	101.84	59.59	48.53	37.27
Total Interest Income	1,273	1,046	615.82	466.18	402.34
Interest Paid on Deposits	400	349.52	159.46	38.7	26.51
Interest Paid on Borrowings	112.21	96	56.91	9.93	9.8
Total Interest Expense	512.21	445.52	216.37	48.63	36.32
Net Interest Income	760.57	600.61	399.45	417.55	366.02
Net Interest Income Growth (YoY)	26.63%	50.36%	-4.33%	14.08%	17.10%
Trust Income	29.25	30.53	27.67	27.87	30.76
Gain (Loss) on Sale of Assets	-	-	-0.15	0.02	0.04
Gain (Loss) on Sale of Investments	0.84	-2.99	0.03	0.18	0.26
Other Non-Interest Income	79.74	66.57	52.28	59.72	52.36
Total Non-Interest Income	109.84	94.11	79.83	87.79	83.41
Non-Interest Income Growth (YoY)	16.71%	17.89%	-9.07%	5.25%	15.16%
Revenues Before Loan Losses	870.4	694.73	479.28	505.34	449.43
Provision for Loan Losses	3.58	87.56	28.17	5	-24.34
Revenue	866.82	607.16	451.12	500.34	473.77
Revenue Growth (YoY)	42.77%	34.59%	-9.84%	5.61%	33.35%
Salaries and Employee Benefits	253.13	206.15	137.7	133.46	133.4
Occupancy Expenses	52.79	28.87	18.58	34.57	32.93
Federal Deposit Insurance	12.9	12.96	8.58	5.2	6.26
Amortization of Goodwill & Intangibles	37.07	28.93	2.95	3.29	3.66
Selling, General & Administrative	42.95	69.07	52.3	40.67	33.68
Other Non-Interest Expense	59.82	54.71	47.4	38.93	40.13
Total Non-Interest Expense	458.66	400.68	267.51	256.1	250.05
EBT Excluding Unusual Items	408.16	206.48	183.61	244.23	223.72
Other Unusual Items	-	-	-	-	3.4
Pretax Income	408.16	149.62	175.78	240.11	227.12
Income Tax Expense	117	34.09	47.38	64.46	59.2
Net Income	291.16	115.53	128.4	175.65	167.92
Net Income to Common	291.16	115.53	128.4	175.65	167.92
Net Income Growth	152.03%	-10.03%	-26.90%	4.60%	73.20%
Basic Shares Outstanding	130	110	75	75	76
Diluted Shares Outstanding	131	110	75	75	77
Shares Change (YoY)	18.95%	46.53%	0.12%	-2.32%	9.96%
EPS (Basic)	2.23	1.05	1.72	2.35	2.20
EPS (Diluted)	2.23	1.05	1.71	2.35	2.19
EPS Growth	112.38%	-38.60%	-27.23%	7.31%	57.55%
Dividend Per Share	-	0.960	0.960	0.960	0.930
Dividend Growth	-	-	-	3.23%	1.09%
Effective Tax Rate	28.67%	22.79%	26.96%	26.85%	26.06%

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