First Atlantic Bank Income Statement

Financials in millions GHS. Fiscal year is January - December.

Millions GHS. 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	1,024	878.49	847.59	571.96	385.71
Interest Paid on Deposits	468.01	302.4	185	159.46	86.96
Net Interest Income	556.36	576.09	662.59	412.5	298.75
Net Interest Income Growth (YoY)	-3.43%	-13.05%	60.63%	38.07%	51.16%
Income From Trading Activities	135.09	335.65	254.85	6.85	33.6
Gain (Loss) on Sale of Assets	-	0.74	0.36	1.83	0.35
Other Non-Interest Income	167.99	181.95	127.22	95.41	57.19
Total Non-Interest Income	303.08	518.35	382.44	104.09	91.14
Non-Interest Income Growth (YoY)	-41.53%	35.54%	267.41%	14.21%	-18.88%
Revenues Before Loan Losses	859.44	1,094	1,045	516.59	389.89
Provision for Loan Losses	-203.72	38.53	366.43	229.82	17.81
Revenue	1,063	1,056	678.6	286.76	372.08
Revenue Growth (YoY)	0.69%	55.60%	136.64%	-22.93%	34.09%
Salaries and Employee Benefits	259.62	257.06	145.84	112.95	102.73
Occupancy Expenses	59.57	45.5	32.32	22.29	23.02
Selling, General & Administrative	-	16.49	12.65	22.67	16.16
Other Non-Interest Expense	223.43	251.22	197.31	109.37	89.23
Total Non-Interest Expense	541.91	569.89	387.89	266.97	230.92
EBT Excluding Unusual Items	521.25	486.02	290.7	19.79	141.16
Other Unusual Items	-	-	-	-	1.05
Pretax Income	521.25	486.02	290.7	19.79	142.21
Income Tax Expense	127.42	148.91	0.11	19.95	25.86
Earnings From Continuing Operations	393.84	337.11	290.6	-0.16	116.36
Minority Interest in Earnings	-0.36	-0.19	0.14	-	-
Net Income	393.48	336.92	290.73	-0.16	116.36
Net Income to Common	393.48	336.92	290.73	-0.16	116.36
Net Income Growth	16.79%	15.88%	-	-	35.59%
Basic Shares Outstanding	-	336	334	334	334
Diluted Shares Outstanding	-	336	334	334	334
Shares Change (YoY)	-	0.42%	-	-	3.69%
EPS (Basic)	-	1.00	0.87	-0.00	0.35
EPS (Diluted)	-	1.00	0.87	-0.00	0.35
EPS Growth	-	14.94%	-	-	30.74%
Dividend Per Share	-	-	-	-	0.117
Effective Tax Rate	24.44%	30.64%	0.04%	100.80%	18.18%

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