Morris State Bancshares, Inc. (MBLU)

Morris State Bancshares Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	74.63	72.42	62.02	53.03	51.89	50.47
Interest Income on Investments	10.32	10.1	10.34	8.5	6.28	4.47
Total Interest Income	84.95	82.52	72.36	61.53	58.16	54.93
Interest Paid on Deposits	26.05	25.98	18.6	4.53	2.34	5.04
Interest Paid on Borrowings	1.28	1.44	2.15	1.75	1.56	1.09
Total Interest Expense	27.34	27.42	20.75	6.28	3.9	6.13
Net Interest Income	57.61	55.09	51.61	55.25	54.26	48.8
Net Interest Income Growth (YoY)	11.62%	6.75%	-6.59%	1.83%	11.19%	25.22%
Gain (Loss) on Sale of Assets	-	-	-0.05	-0.2	-	0
Gain (Loss) on Sale of Investments	0	0	-	-0	0.3	0.05
Other Non-Interest Income	2.44	2.65	2.66	2.18	2.49	2.02
Total Non-Interest Income	4.66	4.82	4.75	4.39	4.81	4.21
Non-Interest Income Growth (YoY)	-2.06%	1.34%	8.26%	-8.75%	14.30%	5.61%
Revenues Before Loan Losses	62.26	59.91	56.37	59.64	59.07	53.01
Provision for Loan Losses	1.12	0.55	0.45	5.1	2	3.64
Revenue	61.15	59.37	55.92	54.54	57.07	49.37
Revenue Growth (YoY)	9.35%	6.17%	2.51%	-4.43%	15.59%	19.53%
Salaries and Employee Benefits	18.5	18.24	17.09	17.84	17.58	16.05
Occupancy Expenses	2.76	2.78	2.86	3.02	2.75	2.53
Selling, General & Administrative	3.17	3.17	2.39	3.01	1.93	1.82
Other Non-Interest Expense	12.35	12.16	11.77	9.17	8.43	7.64
Total Non-Interest Expense	36.78	36.35	34.43	32.43	30.85	28.11
EBT Excluding Unusual Items	24.36	23.02	21.48	22.12	26.23	21.26
Pretax Income	24.36	23.02	21.48	22.12	26.23	21.26
Income Tax Expense	2.54	1.21	2.15	1.01	2.26	3.86
Net Income	21.83	21.8	19.33	21.11	23.96	17.41
Net Income to Common	21.83	21.8	19.33	21.11	23.96	17.41
Net Income Growth	12.90%	12.79%	-8.42%	-11.92%	37.66%	27.80%
Basic Shares Outstanding	11	11	11	11	11	10
Diluted Shares Outstanding	11	11	11	11	11	10
Shares Change (YoY)	0.31%	0.20%	0.07%	0.60%	0.32%	5.67%
EPS (Basic)	2.06	2.06	1.83	2.00	2.28	1.66
EPS (Diluted)	2.06	2.06	1.83	2.00	2.28	1.66
EPS Growth	12.55%	12.57%	-8.48%	-12.44%	37.22%	20.95%
Dividend Per Share	0.644	0.736	0.352	0.352	0.304	-
Dividend Growth	82.95%	109.09%	-	15.79%	-	-
Effective Tax Rate	10.41%	5.26%	10.00%	4.57%	8.63%	18.13%

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