First Resource Bancorp, Inc. (FRSB)

First Resource Bancorp Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	43.13	41.53	35.95	28.72	20.07	17.8
Interest Income on Investments	2.07	1.39	0.6	0.74	0.66	0.43
Total Interest Income	45.2	42.92	36.55	29.47	20.73	18.23
Interest Paid on Deposits	17.26	16.87	15.32	10.06	2.77	1.82
Interest Paid on Borrowings	0.98	0.91	1.06	0.86	0.61	0.79
Total Interest Expense	18.24	17.77	16.38	10.92	3.38	2.61
Net Interest Income	26.96	25.14	20.16	18.55	17.36	15.62
Net Interest Income Growth (YoY)	28.15%	24.70%	8.71%	6.87%	11.09%	20.52%
Other Non-Interest Income	1.3	1.29	1.2	0.92	0.97	0.72
Total Non-Interest Income	1.6	1.41	1.26	0.92	1.06	0.72
Non-Interest Income Growth (YoY)	31.93%	11.56%	37.39%	-13.33%	47.54%	-8.12%
Revenues Before Loan Losses	28.56	26.55	21.43	19.47	18.42	16.34
Provision for Loan Losses	1.07	0.86	1.45	-0.11	0.65	0.58
Revenue	27.49	25.69	19.98	19.57	17.76	15.77
Revenue Growth (YoY)	32.89%	28.61%	2.06%	10.19%	12.67%	19.52%
Salaries and Employee Benefits	9.92	9.39	7.94	7.45	6.51	6.17
Occupancy Expenses	0.86	0.84	0.86	0.89	0.77	0.82
Federal Deposit Insurance	0.62	0.56	0.47	0.46	0.27	0.31
Selling, General & Administrative	2.88	2.8	2.45	1.92	1.88	1.82
Other Non-Interest Expense	1.98	1.86	1.62	1.42	1.27	1.44
Total Non-Interest Expense	16.26	15.45	13.34	12.13	10.71	10.55
EBT Excluding Unusual Items	11.24	10.24	6.64	7.45	7.06	5.21
Pretax Income	11.24	10.24	6.64	7.45	7.06	5.21
Income Tax Expense	2.29	2.09	1.33	1.52	1.43	1.04
Net Income	8.94	8.16	5.31	5.93	5.63	4.17
Net Income to Common	8.94	8.16	5.31	5.93	5.63	4.17
Net Income Growth	57.82%	53.63%	-10.39%	5.35%	34.84%	28.32%
Basic Shares Outstanding	3	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3	3
Shares Change (YoY)	-1.39%	-2.29%	-0.55%	0.33%	0.42%	-0.01%
EPS (Basic)	2.98	2.72	1.73	1.92	1.83	1.36
EPS (Diluted)	2.98	2.72	1.73	1.92	1.83	1.36
EPS Growth	60.04%	57.23%	-9.90%	5.00%	34.27%	28.34%
Effective Tax Rate	20.41%	20.36%	20.02%	20.41%	20.28%	19.96%

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