Bancorp 34, Inc. (BCTF)

Bancorp 34 Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	38.94	25.78	21.82	19.47	18.29	17.49
Interest Income on Investments	5.19	2.35	1.94	1.41	1.41	1.46
Total Interest Income	44.12	28.12	23.76	20.88	19.69	18.95
Interest Paid on Deposits	16.93	11.14	3.68	1.49	3.16	3.8
Interest Paid on Borrowings	2.58	1.81	1.63	0.68	0.55	1.02
Total Interest Expense	19.51	12.95	5.31	2.16	3.71	4.82
Net Interest Income	24.61	15.18	18.45	18.72	15.98	14.13
Net Interest Income Growth (YoY)	57.55%	-17.74%	-1.45%	17.11%	13.14%	3.19%
Gain (Loss) on Sale of Assets	-0.36	0.07	-0.03	-0.02	-0.24	-
Gain (Loss) on Sale of Investments	-	-	-	0.2	0.01	-
Other Non-Interest Income	0.72	0.62	0.57	0.87	0.96	0.59
Total Non-Interest Income	0.44	0.73	0.55	1.3	0.75	0.86
Non-Interest Income Growth (YoY)	-36.34%	33.94%	-57.92%	71.74%	-12.30%	-4.59%
Revenues Before Loan Losses	25.05	15.91	18.99	20.01	16.74	14.99
Provision for Loan Losses	4.81	4.22	2.42	0.5	1.94	0.02
Revenue	20.24	11.68	16.57	19.51	14.79	14.96
Revenue Growth (YoY)	77.72%	-29.51%	-15.07%	31.91%	-1.15%	4.84%
Salaries and Employee Benefits	9.81	5.97	8.74	7.96	6.61	6.23
Federal Deposit Insurance	0.68	0.35	0.43	0.23	0.26	0.18
Selling, General & Administrative	7.55	4.75	4.36	4.29	4.79	5.02
Other Non-Interest Expense	2.2	1.45	1.65	1.11	0.83	0.9
Total Non-Interest Expense	21.16	12.53	15.18	13.59	12.5	12.33
EBT Excluding Unusual Items	-0.92	-0.85	1.39	5.93	2.29	2.63
Other Unusual Items	5.02	-	-	-	-	-
Pretax Income	-1.34	-3.86	1.39	5.93	2.29	2.63
Income Tax Expense	-1.2	-0.45	0.06	1.29	0.5	0.67
Earnings From Continuing Operations	-0.14	-3.4	1.33	4.64	1.8	1.97
Earnings From Discontinued Operations	-	-	-	-	-	-1.26
Net Income	-0.14	-3.4	1.33	4.64	1.8	0.71
Preferred Dividends & Other Adjustments	-0	0.1	0.01	0.04	0.02	0.01
Net Income to Common	-0.13	-3.51	1.32	4.6	1.77	0.7
Net Income Growth	-	-	-71.31%	158.18%	152.79%	-33.85%
Basic Shares Outstanding	6	4	2	3	3	3
Diluted Shares Outstanding	6	4	2	3	3	3
Shares Change (YoY)	72.61%	69.93%	-12.87%	-9.03%	-3.14%	-2.63%
EPS (Basic)	-0.02	-0.87	0.56	1.69	0.59	0.23
EPS (Diluted)	-0.02	-0.87	0.56	1.69	0.59	0.23
EPS Growth	-	-	-66.92%	186.44%	160.54%	-31.70%
Dividend Per Share	-	0.140	0.280	0.200	0.200	0.150
Dividend Growth	-	-50.00%	40.00%	0%	33.33%	-
Effective Tax Rate	-	-	4.18%	21.79%	21.68%	25.30%

Source: S&P Capital IQ. Banks template. Financial Sources.