Bancorp 34, Inc. (BCTF)

Bancorp 34 Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	44.01	25.78	21.82	19.47	18.29
Interest Income on Investments	6.77	2.35	1.94	1.41	1.41
Total Interest Income	50.79	28.12	23.76	20.88	19.69
Interest Paid on Deposits	19.02	11.14	3.68	1.49	3.16
Interest Paid on Borrowings	2.47	1.81	1.63	0.68	0.55
Total Interest Expense	21.49	12.95	5.31	2.16	3.71
Net Interest Income	29.3	15.18	18.45	18.72	15.98
Net Interest Income Growth (YoY)	93.07%	-17.74%	-1.45%	17.11%	13.14%
Gain (Loss) on Sale of Assets	-0.43	-	-0.03	-0.02	-0.24
Gain (Loss) on Sale of Investments	-	-	-	0.2	0.01
Other Non-Interest Income	0.4	0.24	0.57	0.87	0.96
Total Non-Interest Income	0.54	0.73	0.55	1.3	0.75
Non-Interest Income Growth (YoY)	-26.03%	33.95%	-57.92%	71.74%	-12.30%
Revenues Before Loan Losses	29.84	15.91	18.99	20.01	16.74
Provision for Loan Losses	3.83	4.22	2.42	0.5	1.94
Revenue	26.01	11.68	16.57	19.51	14.79
Revenue Growth (YoY)	122.68%	-29.51%	-15.07%	31.91%	-1.15%
Salaries and Employee Benefits	12.13	5.97	8.74	7.96	6.61
Federal Deposit Insurance	0.59	0.35	0.43	0.23	0.26
Amortization of Goodwill & Intangibles	1.34	-	-	-	-
Selling, General & Administrative	9.43	4.75	4.36	4.29	4.79
Other Non-Interest Expense	3.17	1.45	1.65	1.11	0.83
Total Non-Interest Expense	26.65	12.53	15.18	13.59	12.5
EBT Excluding Unusual Items	-0.64	-0.85	1.39	5.93	2.29
Other Unusual Items	5.02	-	-	-	-
Pretax Income	0.62	-3.86	1.39	5.93	2.29
Income Tax Expense	-1.07	-0.45	0.06	1.29	0.5
Earnings From Continuing Operations	1.69	-3.4	1.33	4.64	1.8
Net Income	1.69	-3.4	1.33	4.64	1.8
Preferred Dividends & Other Adjustments	-0	0.1	0.01	0.04	0.02
Net Income to Common	1.69	-3.51	1.32	4.6	1.77
Net Income Growth	-	-	-71.30%	158.18%	152.79%
Basic Shares Outstanding	7	4	2	3	3
Diluted Shares Outstanding	7	4	2	3	3
Shares Change (YoY)	66.86%	69.93%	-12.87%	-9.03%	-3.14%
EPS (Basic)	0.25	-0.87	0.56	1.69	0.59
EPS (Diluted)	0.25	-0.87	0.56	1.69	0.59
EPS Growth	-	-	-66.92%	186.44%	160.54%
Dividend Per Share	-	0.140	0.280	0.200	0.200
Dividend Growth	-	-50.00%	40.00%	-	33.33%
Effective Tax Rate	-	-	4.18%	21.79%	21.68%

Updated Mar 6, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.