InBankshares, Corp (INBC)

InBankshares, Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	58.05	51.26	36.65	21.46	18.9
Interest Income on Investments	13.19	11.22	8.92	4.29	2.87
Total Interest Income	71.24	62.48	45.57	25.75	21.77
Interest Paid on Deposits	24.06	14.05	2.12	1.11	1.6
Interest Paid on Borrowings	2.65	4.77	1.41	0.5	0.52
Total Interest Expense	26.71	18.82	3.53	1.61	2.12
Net Interest Income	44.53	43.66	42.04	24.14	19.66
Net Interest Income Growth (YoY)	1.99%	3.86%	74.14%	22.80%	41.55%
Mortgage Banking Activities	-	-	-	0.5	0.26
Gain (Loss) on Sale of Assets	-	0.01	0.22	-0.01	-
Gain (Loss) on Sale of Investments	-	-1.64	-0.51	0.16	1.63
Other Non-Interest Income	6.89	3.23	2.58	1.68	1.08
Total Non-Interest Income	10.69	3.84	3.73	3.49	3.37
Non-Interest Income Growth (YoY)	178.27%	3.17%	6.61%	3.77%	104.68%
Revenues Before Loan Losses	55.23	47.5	45.76	27.63	23.02
Provision for Loan Losses	2.51	0.77	2.23	1.12	1.14
Revenue	52.72	46.73	43.53	26.51	21.88
Revenue Growth (YoY)	12.81%	7.34%	64.19%	21.17%	46.05%
Salaries and Employee Benefits	22.13	17.7	15.92	13.3	11.27
Occupancy Expenses	2.4	1.69	1.63	1.17	1.18
Amortization of Goodwill & Intangibles	1.51	1.73	1.45	0.62	0.7
Selling, General & Administrative	5.6	10.22	8.27	5.82	5.41
Other Non-Interest Expense	7.93	3.54	2.64	1.83	1.67
Total Non-Interest Expense	39.56	34.87	29.9	22.73	20.24
EBT Excluding Unusual Items	13.15	11.86	13.63	3.79	1.64
Pretax Income	13.15	11.86	11.12	3.49	1.64
Income Tax Expense	2.91	3.05	2.3	0.75	0.37
Net Income	10.24	8.81	8.81	2.75	1.28
Net Income to Common	10.24	8.81	8.81	2.75	1.28
Net Income Growth	16.25%	-0.03%	220.63%	115.27%	-
Basic Shares Outstanding	12	12	10	8	7
Diluted Shares Outstanding	12	12	11	8	7
Shares Change (YoY)	-1.71%	11.89%	34.59%	9.07%	3.43%
EPS (Basic)	0.87	0.75	0.84	0.36	0.18
EPS (Diluted)	0.87	0.74	0.82	0.35	0.18
EPS Growth	17.58%	-9.76%	134.29%	94.99%	-
Effective Tax Rate	22.11%	25.68%	20.72%	21.32%	22.28%

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