Morris State Bancshares, Inc. (MBLU)

Morris State Bancshares 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	82.32	72.42	62.02	53.03	51.89
Interest Income on Investments	10.54	10.1	10.34	8.5	6.28
Total Interest Income	92.87	82.52	72.36	61.53	58.16
Interest Paid on Deposits	25.69	25.98	18.6	4.53	2.34
Interest Paid on Borrowings	0.81	1.44	2.15	1.75	1.56
Total Interest Expense	26.5	27.42	20.75	6.28	3.9
Net Interest Income	66.37	55.09	51.61	55.25	54.26
Net Interest Income Growth (YoY)	20.46%	6.75%	-6.59%	1.83%	11.19%
Gain (Loss) on Sale of Assets	0.01	-	-0.05	-0.2	-
Gain (Loss) on Sale of Investments	-	0	-	-0	0.3
Other Non-Interest Income	5.57	2.65	2.66	2.18	2.49
Total Non-Interest Income	7.9	4.82	4.75	4.39	4.81
Non-Interest Income Growth (YoY)	63.97%	1.34%	8.26%	-8.75%	14.30%
Revenues Before Loan Losses	74.27	59.91	56.37	59.64	59.07
Provision for Loan Losses	2.87	0.55	0.45	5.1	2
Revenue	71.4	59.37	55.92	54.54	57.07
Revenue Growth (YoY)	20.26%	6.17%	2.51%	-4.43%	15.59%
Salaries and Employee Benefits	21.07	18.24	17.09	17.84	17.58
Occupancy Expenses	2.91	2.78	2.86	3.02	2.75
Selling, General & Administrative	0.15	3.17	2.39	3.01	1.93
Other Non-Interest Expense	12.32	12.16	11.77	9.17	8.43
Total Non-Interest Expense	36.45	36.35	34.43	32.43	30.85
EBT Excluding Unusual Items	34.94	23.02	21.48	22.12	26.23
Pretax Income	34.94	23.02	21.48	22.12	26.23
Income Tax Expense	8.46	1.21	2.15	1.01	2.26
Net Income	26.49	21.8	19.33	21.11	23.96
Net Income to Common	26.49	21.8	19.33	21.11	23.96
Net Income Growth	21.48%	12.79%	-8.42%	-11.92%	37.66%
Basic Shares Outstanding	11	11	11	11	11
Diluted Shares Outstanding	11	11	11	11	11
Shares Change (YoY)	0.32%	0.20%	0.07%	0.60%	0.32%
EPS (Basic)	2.49	2.06	1.83	2.00	2.28
EPS (Diluted)	2.49	2.06	1.83	2.00	2.28
EPS Growth	21.09%	12.57%	-8.48%	-12.44%	37.22%
Dividend Per Share	-	0.368	0.352	0.352	0.304
Dividend Growth	-	4.54%	-	15.79%	-
Effective Tax Rate	24.20%	5.26%	10.00%	4.57%	8.63%

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