Exchange Bank (Santa Rosa, CA) (EXSR)

EXSR 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	89.9	89.1	81.92	71.44	77.88	82.34
Interest Income on Investments	35.1	35.62	33.63	29.77	17.43	17.34
Total Interest Income	124.99	124.72	115.55	101.21	95.31	99.68
Interest Paid on Deposits	34.98	33.26	16.72	2.04	1.76	3.3
Interest Paid on Borrowings	8.15	10.2	8.34	0.04	-	-
Total Interest Expense	43.13	43.46	25.06	2.08	1.76	3.3
Net Interest Income	81.87	81.26	90.49	99.14	93.55	96.38
Net Interest Income Growth (YoY)	-4.85%	-10.20%	-8.72%	5.97%	-2.94%	-0.55%
Trust Income	-	-	-	10.02	10.48	8.95
Other Non-Interest Income	24.08	23.39	23.66	14.34	13.16	12.58
Total Non-Interest Income	24.08	23.39	23.66	24.37	23.65	21.54
Non-Interest Income Growth (YoY)	3.17%	-1.15%	-2.90%	3.06%	9.80%	-11.13%
Revenues Before Loan Losses	105.95	104.65	114.15	123.5	117.19	117.91
Provision for Loan Losses	-5.8	-5.8	-	-	2	1.8
Revenue	111.75	110.45	114.15	123.5	115.19	116.11
Revenue Growth (YoY)	2.16%	-3.24%	-7.57%	7.21%	-0.79%	-4.15%
Salaries and Employee Benefits	42.86	42.78	49.51	40.28	35.62	38.92
Occupancy Expenses	-	-	-	7.62	7.92	7.84
Federal Deposit Insurance	-	-	-	0.99	0.71	0.28
Selling, General & Administrative	-	-	-	7.86	6.54	7.08
Other Non-Interest Expense	34.2	34.09	36.93	16.67	13.86	14.53
Total Non-Interest Expense	77.05	76.87	86.44	73.42	64.65	68.64
EBT Excluding Unusual Items	34.7	33.58	27.71	50.09	50.55	47.47
Pretax Income	34.7	33.58	27.71	50.09	50.55	47.47
Income Tax Expense	10.1	9.73	7.52	12.61	14.14	13.77
Net Income	24.6	23.85	20.19	37.48	36.41	33.7
Net Income to Common	24.6	23.85	20.19	37.48	36.41	33.7
Net Income Growth	55.19%	18.13%	-46.12%	2.94%	8.04%	-7.68%
Basic Shares Outstanding	2	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2	2
EPS (Basic)	14.35	13.91	11.78	21.86	21.24	19.66
EPS (Diluted)	14.35	13.91	11.78	21.86	21.24	19.66
EPS Growth	55.19%	18.13%	-46.12%	2.94%	8.04%	-7.68%
Dividend Per Share	5.200	5.200	5.200	4.900	4.800	4.800
Dividend Growth	-	-	6.12%	2.08%	-	9.09%
Effective Tax Rate	29.12%	28.96%	27.13%	25.17%	27.97%	29.01%

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