Commercial National Financial Corporation (CEFC)

CEFC Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	21.69	21.99	21.05	20.1	18.16	17.52
Interest Income on Investments	4.77	4.77	4.34	3.32	1.22	1.51
Total Interest Income	26.45	26.76	25.39	23.42	19.38	19.03
Interest Paid on Deposits	6.07	7.12	5.76	2.08	1.57	2.38
Interest Paid on Borrowings	0.96	0.96	1.26	0.92	0.84	1.13
Total Interest Expense	7.03	8.09	7.03	3.01	2.41	3.51
Net Interest Income	19.42	18.68	18.37	20.42	16.98	15.52
Net Interest Income Growth (YoY)	6.69%	1.68%	-10.04%	20.27%	9.38%	5.66%
Gain (Loss) on Sale of Investments	-	-	0.01	-	0.01	0
Other Non-Interest Income	2.27	2.4	1.98	2.21	2.3	2.19
Total Non-Interest Income	2.27	2.41	2	2.21	2.32	2.22
Non-Interest Income Growth (YoY)	4.94%	20.43%	-9.46%	-4.98%	4.82%	-11.70%
Revenues Before Loan Losses	21.69	21.08	20.37	22.62	19.3	17.74
Provision for Loan Losses	-0.09	-0.09	-0.17	-	-0.5	1.45
Revenue	21.78	21.18	20.53	22.62	19.8	16.29
Revenue Growth (YoY)	5.32%	3.15%	-9.26%	14.27%	21.57%	-5.31%
Salaries and Employee Benefits	8.68	8.68	7.95	7.92	7.16	6.56
Occupancy Expenses	2.64	2.64	2.38	2.24	2.31	2.13
Selling, General & Administrative	0.8	0.8	0.82	0.82	0.78	0.62
Other Non-Interest Expense	2.01	1.99	1.87	1.77	1.77	1.75
Total Non-Interest Expense	14.12	14.1	13.01	12.75	12.02	11.06
EBT Excluding Unusual Items	7.66	7.07	7.53	9.88	7.78	5.22
Pretax Income	7.66	7.07	7.53	9.88	7.78	5.22
Income Tax Expense	1.33	1.21	1.35	1.8	1.41	0.86
Net Income	6.33	5.86	6.17	8.08	6.37	4.36
Net Income to Common	6.33	5.86	6.17	8.08	6.37	4.36
Net Income Growth	10.35%	-5.01%	-23.62%	26.94%	45.86%	-13.04%
Basic Shares Outstanding	4	4	4	4	4	4
Diluted Shares Outstanding	4	4	4	4	4	4
Shares Change (YoY)	-0.13%	-	-	-	-	-
EPS (Basic)	1.60	1.48	1.56	2.04	1.61	1.10
EPS (Diluted)	1.60	1.48	1.56	2.04	1.61	1.10
EPS Growth	10.49%	-5.01%	-23.62%	26.94%	45.95%	-13.09%
Dividend Per Share	0.560	0.560	0.560	0.560	0.560	0.560
Dividend Growth	-	-	-	-	-	7.69%
Effective Tax Rate	17.38%	17.12%	17.97%	18.18%	18.13%	16.45%

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