First IC Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	75.15	74.43	69.71	44.07	32.48	28.93
Interest Income on Investments	8.56	9.49	8.21	3.26	1.04	1.36
Total Interest Income	83.71	83.93	77.92	47.33	33.52	30.28
Interest Paid on Deposits	28.79	29.52	24.18	5.43	2.7	6.87
Interest Paid on Borrowings	2.64	2.54	1.89	0	0	0
Total Interest Expense	31.42	32.06	26.07	5.43	2.7	6.87
Net Interest Income	52.29	51.87	51.85	41.9	30.83	23.42
Net Interest Income Growth (YoY)	69.62%	0.03%	23.76%	35.91%	31.65%	-4.49%
Other Non-Interest Income	2.82	3.11	3.39	3.64	4.24	3.21
Total Non-Interest Income	8.85	9.27	8.86	13.87	18.77	8.89
Non-Interest Income Growth (YoY)	-52.84%	4.68%	-36.11%	-26.11%	111.19%	-0.91%
Revenues Before Loan Losses	61.14	61.14	60.71	55.76	49.59	32.3
Provision for Loan Losses	0.4	0.4	1	1	-	3.67
Revenue	60.74	60.74	59.71	54.76	49.59	28.63
Revenue Growth (YoY)	22.48%	1.73%	9.04%	10.43%	73.23%	-12.50%
Salaries and Employee Benefits	15.23	15.03	14.31	14.1	12.71	10.19
Occupancy Expenses	3.66	3.65	3.54	3.62	3.35	2.6
Federal Deposit Insurance	0.74	0.81	0.73	0.25	0.2	0.13
Selling, General & Administrative	1.85	1.73	2	1.88	1.6	1.37
Other Non-Interest Expense	6.74	6.82	6	7.1	5.84	4.39
Total Non-Interest Expense	28.21	28.04	26.58	26.96	23.83	18.99
EBT Excluding Unusual Items	32.53	32.7	33.14	27.81	25.77	9.64
Pretax Income	32.53	32.7	33.14	27.81	25.77	9.64
Income Tax Expense	7.95	8	8.57	6.4	6.36	2.4
Net Income	24.58	24.7	24.57	21.41	19.41	7.24
Net Income to Common	24.58	24.7	24.57	21.41	19.41	7.24
Net Income Growth	26.64%	0.54%	14.76%	10.31%	167.95%	-29.66%
Basic Shares Outstanding	9	9	-	9	10	10
Diluted Shares Outstanding	9	9	-	9	10	10
Shares Change (YoY)	-6.12%	-	-	-6.16%	-1.79%	-1.75%
EPS (Basic)	2.71	2.72	-	2.36	2.01	0.74
EPS (Diluted)	2.71	2.72	-	2.36	2.01	0.74
EPS Growth	34.90%	-	-	17.55%	172.85%	-28.41%
Dividend Per Share	-	-	1.000	1.000	-	-
Effective Tax Rate	24.44%	24.46%	25.86%	23.02%	24.68%	24.88%