Integrated Financial Holdings, Inc. (IFHI)

IFHI Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	34.6	31.01	23.48	18.46	17.49	16.99
Interest Income on Investments	2.16	2.1	0.92	0.46	0.47	0.79
Total Interest Income	36.76	33.1	24.4	18.91	17.95	17.78
Interest Paid on Deposits	13.13	10.13	2.31	2.58	3.29	3.58
Interest Paid on Borrowings	0.41	0.26	0.13	0	0.18	0.62
Total Interest Expense	13.54	10.39	2.44	2.58	3.48	4.2
Net Interest Income	23.22	22.72	21.96	16.33	14.48	13.58
Net Interest Income Growth (YoY)	1.95%	3.45%	34.43%	12.81%	6.65%	-5.94%
Mortgage Banking Activities	-	-	1.82	6.11	6.79	3.24
Gain (Loss) on Sale of Investments	-0.38	1.62	5.99	2	-	-
Other Non-Interest Income	19.4	23.15	20.47	33.03	26.72	14.01
Total Non-Interest Income	18.88	24.77	28.28	41.13	33.51	17.25
Non-Interest Income Growth (YoY)	-26.19%	-12.44%	-31.23%	22.75%	94.28%	-20.50%
Revenues Before Loan Losses	42.1	47.48	50.24	57.46	47.98	30.82
Provision for Loan Losses	2.6	1.25	0.81	1.95	4.46	2.01
Revenue	39.5	46.24	49.43	55.52	43.52	28.81
Revenue Growth (YoY)	-16.82%	-6.46%	-10.96%	27.55%	51.08%	-17.64%
Salaries and Employee Benefits	17.12	19.2	25.46	22.85	18.31	12.41
Occupancy Expenses	0.74	0.82	0.78	0.76	0.77	0.96
Amortization of Goodwill & Intangibles	0.66	0.66	0.68	0.7	0.75	0.74
Selling, General & Administrative	7.34	7.73	8.3	14.08	8.82	3.95
Other Non-Interest Expense	4.63	3.81	4.8	3.35	2.85	3.12
Total Non-Interest Expense	30.49	32.22	40.02	42.55	33.3	21.34
EBT Excluding Unusual Items	9.01	14.02	9.41	12.97	10.23	7.47
Legal Settlements	1.13	1.13	-10	-	-	-
Pretax Income	9.46	14.97	-1.34	12.97	10.23	7.47
Income Tax Expense	2.4	3.8	-1.21	0.87	1.51	1.74
Earnings From Continuing Operations	7.06	11.18	-0.14	12.1	8.71	5.73
Earnings From Discontinued Operations	-	-	-	-	-	5.14
Minority Interest in Earnings	0	-0.05	-0.06	0.63	0.16	-
Net Income	7.06	11.13	-0.2	12.73	8.88	10.87
Net Income to Common	7.06	11.13	-0.2	12.73	8.88	10.87
Net Income Growth	808.49%	-	-	43.43%	-18.34%	-10.44%
Basic Shares Outstanding	2	2	2	2	2	3
Diluted Shares Outstanding	2	2	2	2	2	3
Shares Change (YoY)	4.15%	4.02%	-2.25%	0.69%	-17.65%	-13.16%
EPS (Basic)	3.13	5.00	-0.09	5.91	4.07	4.12
EPS (Diluted)	3.08	4.91	-0.09	5.71	4.01	4.04
EPS Growth	788.69%	-	-	42.39%	-0.74%	3.06%
Effective Tax Rate	25.39%	25.36%	-	6.69%	14.79%	23.27%

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