Citizens Bancorp Investment, Inc. (CBTN)

CBTN 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	74.29	58.23	44.78	45.31	35.51
Interest Income on Investments	10.6	10.26	8.88	5.84	5.62
Total Interest Income	84.89	68.49	53.66	51.15	41.13
Interest Paid on Deposits	31.68	20.56	4.64	4.08	6.47
Interest Paid on Borrowings	4.52	3.42	1.37	1.28	1.29
Total Interest Expense	36.2	23.98	6	5.36	7.76
Net Interest Income	48.68	44.51	47.65	45.79	33.37
Net Interest Income Growth (YoY)	9.37%	-6.59%	4.08%	37.20%	-0.03%
Mortgage Banking Activities	-	-	0.64	0.58	0.04
Gain (Loss) on Sale of Assets	-	-	-	0.05	-0.02
Gain (Loss) on Sale of Investments	0.01	-0	-0.02	-0.01	0.02
Other Non-Interest Income	8.09	7.64	4.2	4.03	3.66
Total Non-Interest Income	8.1	7.64	8.9	9.72	7.34
Non-Interest Income Growth (YoY)	6.04%	-14.19%	-8.43%	32.51%	-1.87%
Revenues Before Loan Losses	56.78	52.15	56.56	55.51	40.71
Provision for Loan Losses	1.77	0.97	1.31	1.14	1.36
Revenue	55.01	51.18	55.24	54.37	39.35
Revenue Growth (YoY)	7.49%	-7.36%	1.61%	38.16%	-0.53%
Salaries and Employee Benefits	-	-	20.45	20.05	15.03
Occupancy Expenses	-	-	2	1.9	1.48
Federal Deposit Insurance	-	-	0.59	0.72	0.42
Amortization of Goodwill & Intangibles	-	-	0.29	0.29	0.24
Selling, General & Administrative	-	-	5.89	7.61	5.44
Other Non-Interest Expense	34.95	33.32	2.93	2.92	3.51
Total Non-Interest Expense	34.95	33.32	32.15	33.49	26.16
EBT Excluding Unusual Items	20.06	17.86	23.09	20.88	13.2
Pretax Income	20.06	17.86	23.09	20.88	13.2
Income Tax Expense	3.83	3.18	4.45	4.14	2.36
Net Income	16.24	14.68	18.64	16.74	10.84
Net Income to Common	16.24	14.68	18.64	16.74	10.84
Net Income Growth	10.62%	-21.25%	11.38%	54.43%	-3.49%
Basic Shares Outstanding	6	6	6	6	6
Diluted Shares Outstanding	6	6	6	6	6
Shares Change (YoY)	-0.73%	-0.18%	0.60%	1.19%	0.42%
EPS (Basic)	2.73	2.45	3.17	2.85	1.85
EPS (Diluted)	2.73	2.45	3.11	2.80	1.84
EPS Growth	11.43%	-21.22%	11.07%	52.17%	-3.79%
Dividend Per Share	0.720	-	0.160	0.600	0.560
Dividend Growth	-	-	-73.33%	7.14%	115.39%
Effective Tax Rate	19.06%	17.80%	19.26%	19.83%	17.87%

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