First Commerce Bancorp, Inc. (CMRB)

First Commerce Bancorp 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	71.11	71.4	67.21	50.09	44.44	43.98
Interest Income on Investments	8.97	7.27	4.87	2.88	1.78	2.76
Total Interest Income	80.07	78.67	72.08	52.97	46.22	46.75
Interest Paid on Deposits	38.51	37.83	27.42	5.97	3.64	9.45
Interest Paid on Borrowings	8.27	7.92	5.27	0.63	-	-
Total Interest Expense	46.78	45.75	32.69	6.6	3.64	9.45
Net Interest Income	33.3	32.91	39.39	46.37	42.57	37.3
Net Interest Income Growth (YoY)	-10.29%	-16.44%	-15.05%	8.91%	14.16%	12.10%
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.03
Other Non-Interest Income	2.95	2.08	2.52	2	0.94	1.02
Total Non-Interest Income	2.95	2.08	2.52	2	0.94	0.98
Non-Interest Income Growth (YoY)	44.59%	-17.47%	26.27%	113.14%	-4.88%	-25.74%
Revenues Before Loan Losses	36.25	34.99	41.91	48.36	43.51	38.28
Provision for Loan Losses	0.38	0.31	-4.73	-0.36	-0.59	3.1
Revenue	35.86	34.69	46.64	48.72	44.1	35.18
Revenue Growth (YoY)	-18.61%	-25.63%	-4.28%	10.49%	25.34%	-0.76%
Salaries and Employee Benefits	18.14	17.9	17.14	15.85	13.17	12.44
Occupancy Expenses	3.96	3.72	3.16	3.18	2.4	2.69
Federal Deposit Insurance	0.74	0.72	0.68	0.53	0.26	0.26
Selling, General & Administrative	3.41	3.36	4.38	3.66	3.27	3.2
Other Non-Interest Expense	3.48	3.4	2.78	3.46	2.45	2.1
Total Non-Interest Expense	29.73	29.09	28.2	26.85	21.67	20.63
EBT Excluding Unusual Items	6.14	5.6	18.43	21.87	22.43	14.55
Pretax Income	6.14	5.6	18.43	21.87	22.43	14.55
Income Tax Expense	1.1	1.08	4.66	5.28	5.74	3.97
Net Income	5.04	4.52	13.78	16.59	16.69	10.58
Net Income to Common	5.04	4.52	13.78	16.59	16.69	10.58
Net Income Growth	-56.51%	-67.18%	-16.98%	-0.55%	57.66%	11.63%
Basic Shares Outstanding	21	22	24	24	23	23
Diluted Shares Outstanding	21	22	24	24	24	23
Shares Change (YoY)	-10.41%	-9.01%	-0.43%	1.66%	2.12%	-0.77%
EPS (Basic)	0.24	0.21	0.58	0.70	0.72	0.46
EPS (Diluted)	0.24	0.21	0.58	0.69	0.71	0.46
EPS Growth	-51.58%	-64.03%	-15.94%	-2.82%	54.35%	12.20%
Dividend Per Share	0.040	0.080	0.160	0.040	-	-
Dividend Growth	-75.00%	-50.00%	300.00%	-	-	-
Effective Tax Rate	17.88%	19.21%	25.26%	24.12%	25.60%	27.28%

Updated Jan 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.