Commercial National Financial Corporation (CEFC)

CEFC Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	20.82	21.99	21.05	20.1	18.16
Interest Income on Investments	5.27	4.77	4.34	3.32	1.22
Total Interest Income	26.08	26.76	25.39	23.42	19.38
Interest Paid on Deposits	5.32	7.12	5.76	2.08	1.57
Interest Paid on Borrowings	0.56	0.96	1.26	0.92	0.84
Total Interest Expense	5.88	8.09	7.03	3.01	2.41
Net Interest Income	20.2	18.68	18.37	20.42	16.98
Net Interest Income Growth (YoY)	8.18%	1.68%	-10.04%	20.27%	9.38%
Gain (Loss) on Sale of Investments	-0.06	-	0.01	-	0.01
Other Non-Interest Income	2.11	2.4	1.98	2.21	2.3
Total Non-Interest Income	2.07	2.41	2	2.21	2.32
Non-Interest Income Growth (YoY)	-14.08%	20.43%	-9.46%	-4.98%	4.82%
Revenues Before Loan Losses	22.27	21.08	20.37	22.62	19.3
Provision for Loan Losses	-0.08	-0.09	-0.17	-	-0.5
Revenue	22.35	21.18	20.53	22.62	19.8
Revenue Growth (YoY)	5.53%	3.15%	-9.26%	14.27%	21.57%
Salaries and Employee Benefits	8.67	8.68	7.95	7.92	7.16
Occupancy Expenses	2.78	2.64	2.38	2.24	2.31
Selling, General & Administrative	0.81	0.8	0.82	0.82	0.78
Other Non-Interest Expense	2.04	1.99	1.87	1.77	1.77
Total Non-Interest Expense	14.29	14.1	13.01	12.75	12.02
EBT Excluding Unusual Items	8.05	7.07	7.53	9.88	7.78
Pretax Income	8.05	7.07	7.53	9.88	7.78
Income Tax Expense	1.44	1.21	1.35	1.8	1.41
Net Income	6.61	5.86	6.17	8.08	6.37
Net Income to Common	6.61	5.86	6.17	8.08	6.37
Net Income Growth	12.76%	-5.01%	-23.62%	26.94%	45.86%
Basic Shares Outstanding	4	4	4	4	4
Diluted Shares Outstanding	4	4	4	4	4
EPS (Basic)	1.67	1.48	1.56	2.04	1.61
EPS (Diluted)	1.67	1.48	1.56	2.04	1.61
EPS Growth	12.76%	-5.01%	-23.62%	26.94%	45.95%
Dividend Per Share	0.560	0.560	0.560	0.560	0.560
Effective Tax Rate	17.92%	17.12%	17.97%	18.18%	18.13%

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