Commencement Bancorp Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	32.23	30.17	26.51	23.14	17.18	17.94
Interest Income on Investments	4.4	4.55	3.3	3.26	2.64	1.24
Total Interest Income	36.63	34.72	29.82	26.4	19.81	19.18
Interest Paid on Deposits	8.91	9.02	10.19	7.84	1.32	1.43
Interest Paid on Borrowings	0.08	0.18	0.13	0.24	0.1	-
Total Interest Expense	8.99	9.19	10.32	8.08	1.42	1.43
Net Interest Income	27.64	25.53	19.5	18.32	18.39	17.75
Net Interest Income Growth	24.21%	30.95%	6.40%	-0.36%	3.64%	15.13%
Gain (Loss) on Sale of Investments	-	-	-0.94	-	-	-
Other Non-Interest Income	1.6	1.7	1.27	1.19	1.42	0.82
Total Non-Interest Income	1.86	1.96	0.59	1.33	1.54	0.94
Non-Interest Income Growth	135.65%	230.24%	-55.39%	-13.78%	63.03%	-23.31%
Revenues Before Loan Losses	29.51	27.49	20.09	19.65	19.93	18.69
Provision for Loan Losses	0.95	0.94	-0.44	0.05	0.28	2.4
Revenue	28.56	26.54	20.53	19.6	19.65	16.29
Revenue Growth	26.16%	29.28%	4.75%	-0.24%	20.61%	5.13%
Salaries and Employee Benefits	12.01	11.21	10.39	9.19	7.13	5.93
Occupancy Expenses	1.84	1.77	1.49	-	-	-
Selling, General & Administrative	3.67	3.42	3.13	3	2.63	2.5
Other Non-Interest Expense	1.98	1.81	1.89	3.73	3.14	2.66
Total Non-Interest Expense	19.5	18.2	16.9	15.92	12.9	11.09
EBT Excluding Unusual Items	9.06	8.35	3.63	3.68	6.74	5.2
Pretax Income	9.06	8.35	3.63	3.68	6.74	5.2
Income Tax Expense	1.68	1.64	0.62	0.63	1.25	1.01
Net Income	7.38	6.71	3.01	3.05	5.49	4.19
Net Income to Common	7.38	6.71	3.01	3.05	5.49	4.19
Net Income Growth	71.15%	122.71%	-1.25%	-44.47%	31.10%	3.94%
Basic Shares Outstanding	6	4	4	4	4	4
Diluted Shares Outstanding	6	4	4	4	4	4
Shares Change	45.81%	-1.83%	-3.33%	-0.65%	-3.79%	-0.18%
EPS (Basic)	1.34	1.78	0.78	0.77	1.37	1.00
EPS (Diluted)	1.32	1.75	0.77	0.76	1.35	0.99
EPS Growth	17.46%	127.27%	1.32%	-43.70%	36.36%	4.21%
Effective Tax Rate	18.57%	19.62%	17.03%	17.12%	18.54%	19.48%