FRA:WB1 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	41.68	45.29	47.12	49.68	57.56
Interest Income on Investments	189.3	222.73	236.9	172.07	115.89
Total Interest Income	230.98	268.01	284.01	221.76	173.44
Interest Paid on Deposits	13.01	10.94	3.77	1.85	1.88
Interest Paid on Borrowings	0.7	6.48	0.12	0.08	0.08
Total Interest Expense	13.71	17.42	3.89	1.93	1.96
Net Interest Income	217.27	250.6	280.12	219.83	171.49
Net Interest Income Growth (YoY)	-13.30%	-10.54%	27.43%	28.19%	4.54%
Trust Income	3.58	3.32	3.12	3.22	3.31
Gain (Loss) on Sale of Investments	-	-	-0.13	-	0.03
Other Non-Interest Income	23.66	25.61	26.08	26.49	26.3
Total Non-Interest Income	40.58	42.95	43.24	44.19	43.35
Non-Interest Income Growth (YoY)	-5.52%	-0.67%	-2.15%	1.95%	-5.02%
Revenues Before Loan Losses	257.85	293.55	323.37	264.02	214.83
Provision for Loan Losses	-0.55	0.3	-1.15	-	-
Revenue	258.4	293.25	324.52	264.02	214.83
Revenue Growth (YoY)	-11.88%	-9.63%	22.91%	22.90%	4.61%
Salaries and Employee Benefits	48.69	48.81	46.52	44.82	46.59
Occupancy Expenses	20.87	13.99	13.92	13.31	12.56
Selling, General & Administrative	15.75	22.62	22.21	22.81	23.03
Other Non-Interest Expense	12.98	13.79	14.82	12.7	13.01
Total Non-Interest Expense	101.92	104.39	103.22	99.36	97.81
EBT Excluding Unusual Items	156.48	188.86	221.3	164.66	117.03
Pretax Income	156.69	189.06	221.58	165.59	117.03
Income Tax Expense	40.51	50.42	59.81	43.56	30.52
Net Income	116.17	138.64	161.77	122.03	86.51
Net Income to Common	116.17	138.64	161.77	122.03	86.51
Net Income Growth	-16.20%	-14.30%	32.56%	41.07%	7.58%
Basic Shares Outstanding	26	27	27	27	27
Diluted Shares Outstanding	26	27	27	27	27
Shares Change (YoY)	-3.79%	-0.07%	-0.75%	0.14%	-0.33%
EPS (Basic)	4.52	5.20	6.06	4.54	3.22
EPS (Diluted)	4.52	5.20	6.06	4.54	3.22
EPS Growth	-13.00%	-14.24%	33.51%	40.91%	8.05%
Dividend Per Share	1.820	1.760	1.720	1.680	1.650
Dividend Growth	3.41%	2.33%	2.38%	1.82%	0.61%
Effective Tax Rate	25.86%	26.67%	26.99%	26.30%	26.08%

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