Cornerstone Bancorp Inc. (CNBP)

Cornerstone Bancorp 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	39.28	35.2	28.64	30.18	28.89
Interest Income on Investments	14.16	13.85	7.02	1.86	2.3
Total Interest Income	53.44	49.06	35.66	32.04	31.2
Interest Paid on Deposits	19.35	13.4	2.39	1.58	3.43
Interest Paid on Borrowings	1.31	1.48	1.27	1.3	1.1
Total Interest Expense	20.66	14.88	3.66	2.88	4.53
Net Interest Income	32.78	34.18	32	29.16	26.66
Net Interest Income Growth (YoY)	-4.08%	6.81%	9.74%	9.36%	29.47%
Trust Income	3.69	3.58	3.51	3.5	3.22
Other Non-Interest Income	0.63	0.58	1.02	0.81	0.29
Total Non-Interest Income	5.47	5.2	5.99	7.98	10.22
Non-Interest Income Growth (YoY)	5.24%	-13.20%	-24.90%	-21.95%	91.02%
Revenues Before Loan Losses	38.25	39.38	37.99	37.14	36.89
Provision for Loan Losses	0.33	0.05	-	0.05	0.9
Revenue	37.93	39.32	37.99	37.09	35.99
Revenue Growth (YoY)	-3.55%	3.51%	2.43%	3.06%	38.69%
Salaries and Employee Benefits	16.63	16.59	15.83	14.95	14.48
Federal Deposit Insurance	0.59	0.59	0.52	0.42	0.35
Selling, General & Administrative	5.56	4.81	4.65	4.57	4.7
Other Non-Interest Expense	2.37	2.02	2.25	3.36	4.78
Total Non-Interest Expense	25.16	24.01	23.31	23.31	24.31
EBT Excluding Unusual Items	12.77	15.32	14.68	13.77	11.67
Pretax Income	12.77	15.32	14.68	13.77	11.67
Income Tax Expense	3.01	4.44	4.19	3.95	3.3
Net Income	9.76	10.88	10.48	9.83	8.37
Net Income to Common	9.76	10.88	10.48	9.83	8.37
Net Income Growth	-10.28%	3.77%	6.68%	17.34%	64.20%
Basic Shares Outstanding	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1
Shares Change (YoY)	-0.76%	-0.60%	-0.04%	-	7.70%
EPS (Basic)	9.95	11.01	10.54	9.88	8.42
EPS (Diluted)	9.95	11.01	10.54	9.88	8.42
EPS Growth	-9.62%	4.40%	6.73%	17.34%	52.46%
Effective Tax Rate	23.56%	28.99%	28.57%	28.66%	28.24%

Updated Jan 13, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.