Grand River Commerce, Inc. (GNRV)

Grand River Commerce 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	24.28	24.79	26.67	24.05	17.6	15.68
Interest Income on Investments	2.27	2.07	1.74	1.69	1.47	0.41
Total Interest Income	26.55	26.85	28.42	25.74	19.07	16.09
Interest Paid on Deposits	11.58	11.84	13.75	11.57	3.45	1.91
Interest Paid on Borrowings	2.37	2.42	2.45	1.84	0.63	0.62
Total Interest Expense	13.94	14.26	16.2	13.41	4.08	2.53
Net Interest Income	12.61	12.59	12.22	12.33	14.98	13.56
Net Interest Income Growth (YoY)	1.51%	3.02%	-0.88%	-17.73%	10.54%	20.75%
Other Non-Interest Income	0.33	0.33	0.43	0.33	0.28	0.27
Total Non-Interest Income	0.64	0.63	0.98	0.88	0.92	3.18
Non-Interest Income Growth (YoY)	-26.06%	-36.09%	11.86%	-5.09%	-70.95%	-26.26%
Revenues Before Loan Losses	13.25	13.22	13.2	13.21	15.91	16.74
Provision for Loan Losses	-0.14	-0.27	-0.38	-0.05	1.06	0.16
Revenue	13.39	13.49	13.58	13.25	14.85	16.58
Revenue Growth (YoY)	-1.90%	-0.66%	2.44%	-10.72%	-10.44%	18.32%
Salaries and Employee Benefits	7.95	8.08	9.13	9.88	8.25	8.42
Occupancy Expenses	0.51	0.56	0.59	0.62	0.7	0.47
Federal Deposit Insurance	0.64	0.65	0.65	0.6	0.41	0.36
Selling, General & Administrative	2.51	2.46	2.8	2.42	2.58	1.91
Other Non-Interest Expense	0.91	0.92	0.96	1.23	1.18	1.18
Total Non-Interest Expense	12.51	12.67	14.13	14.75	13.11	12.33
EBT Excluding Unusual Items	0.88	0.82	-0.55	-1.5	1.74	4.24
Pretax Income	0.88	0.82	-0.55	-1.5	1.74	4.24
Income Tax Expense	0.19	0.17	-0.11	-0.29	0.32	0.93
Earnings From Continuing Operations	0.69	0.65	-0.44	-1.21	1.41	3.32
Earnings From Discontinued Operations	0.26	-0.01	-0.09	-6.09	-3.59	-
Net Income	0.95	0.64	-0.52	-7.3	-2.17	3.32
Net Income to Common	0.95	0.64	-0.52	-7.3	-2.17	3.32
Net Income Growth	-	-	-	-	-	9.44%
Basic Shares Outstanding	7	7	7	7	7	7
Diluted Shares Outstanding	7	7	7	7	7	7
Shares Change (YoY)	-0.00%	-0.01%	0.01%	0.22%	-1.15%	0.37%
EPS (Basic)	0.14	0.09	-0.07	-1.04	-0.31	0.49
EPS (Diluted)	0.14	0.09	-0.07	-1.04	-0.31	0.47
EPS Growth	-	-	-	-	-	9.30%
Effective Tax Rate	21.09%	21.15%	-	-	18.56%	21.82%

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jun 15, 2026

Data Sources Report a data error