First Resource Bancorp, Inc. (FRSB)

First Resource Bancorp 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	41.53	35.95	28.72	20.07	17.8
Interest Income on Investments	1.39	0.6	0.74	0.66	0.43
Total Interest Income	42.92	36.55	29.47	20.73	18.23
Interest Paid on Deposits	16.87	15.32	10.06	2.77	1.82
Interest Paid on Borrowings	0.91	1.06	0.86	0.61	0.79
Total Interest Expense	17.77	16.38	10.92	3.38	2.61
Net Interest Income	25.14	20.16	18.55	17.36	15.62
Net Interest Income Growth (YoY)	24.70%	8.71%	6.87%	11.09%	20.52%
Other Non-Interest Income	1.29	1.2	0.92	0.97	0.72
Total Non-Interest Income	1.41	1.26	0.92	1.06	0.72
Non-Interest Income Growth (YoY)	11.56%	37.39%	-13.33%	47.54%	-8.12%
Revenues Before Loan Losses	26.55	21.43	19.47	18.42	16.34
Provision for Loan Losses	0.86	1.45	-0.11	0.65	0.58
Revenue	25.69	19.98	19.57	17.76	15.77
Revenue Growth (YoY)	28.61%	2.06%	10.19%	12.67%	19.52%
Salaries and Employee Benefits	9.39	7.94	7.45	6.51	6.17
Occupancy Expenses	1.28	0.86	0.89	0.77	0.82
Federal Deposit Insurance	-	0.47	0.46	0.27	0.31
Selling, General & Administrative	1.9	2.45	1.92	1.88	1.82
Other Non-Interest Expense	2.87	1.62	1.42	1.27	1.44
Total Non-Interest Expense	15.45	13.34	12.13	10.71	10.55
EBT Excluding Unusual Items	10.24	6.64	7.45	7.06	5.21
Pretax Income	10.24	6.64	7.45	7.06	5.21
Income Tax Expense	2.09	1.33	1.52	1.43	1.04
Net Income	8.16	5.31	5.93	5.63	4.17
Net Income to Common	8.16	5.31	5.93	5.63	4.17
Net Income Growth	53.63%	-10.39%	5.35%	34.84%	28.32%
Basic Shares Outstanding	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3
Shares Change (YoY)	-2.29%	-0.55%	0.33%	0.42%	-0.01%
EPS (Basic)	2.72	1.73	1.92	1.83	1.36
EPS (Diluted)	2.72	1.73	1.92	1.83	1.36
EPS Growth	57.23%	-9.90%	5.00%	34.27%	28.34%
Effective Tax Rate	20.36%	20.02%	20.41%	20.28%	19.96%

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