Mission Bancorp (MSBC)

Mission Bancorp 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	79.82	69.95	49.82	42.61	39.34
Interest Income on Investments	19.34	14.85	8.68	3.6	2.61
Total Interest Income	99.16	84.8	58.5	46.21	41.94
Interest Paid on Deposits	26.64	13.33	2.16	1.27	1.65
Interest Paid on Borrowings	1.39	1.88	1.07	1.02	0.47
Total Interest Expense	28.02	15.21	3.23	2.29	2.12
Net Interest Income	71.13	69.59	55.27	43.92	39.82
Net Interest Income Growth (YoY)	2.21%	25.91%	25.84%	10.30%	16.12%
Gain (Loss) on Sale of Assets	-	0.31	1.69	0.11	0.1
Gain (Loss) on Sale of Investments	-0.03	-0.74	-	0.71	0.29
Other Non-Interest Income	7.26	5.85	6.33	5.81	5.93
Total Non-Interest Income	7.23	5.42	8.01	6.63	6.32
Non-Interest Income Growth (YoY)	33.48%	-32.42%	20.82%	4.91%	15.44%
Revenues Before Loan Losses	78.36	75.01	63.28	50.55	46.14
Provision for Loan Losses	1.47	1.42	2.99	1.68	2.34
Revenue	76.89	73.59	60.29	48.87	43.81
Revenue Growth (YoY)	4.49%	22.06%	23.36%	11.56%	15.04%
Salaries and Employee Benefits	20.06	17.63	15.33	13.33	13.66
Occupancy Expenses	1.5	1.51	1.47	1.54	1.52
Selling, General & Administrative	10.3	9.96	7.83	6.37	5.6
Other Non-Interest Expense	3	2.53	2.04	2.02	1.73
Total Non-Interest Expense	34.86	31.63	26.67	23.25	22.52
EBT Excluding Unusual Items	42.03	41.96	33.62	25.62	21.28
Pretax Income	42.03	41.96	33.62	25.62	21.28
Income Tax Expense	11.88	11.49	9.37	6.9	5.6
Earnings From Continuing Operations	30.14	30.47	24.25	18.72	15.69
Net Income	30.14	30.47	24.25	18.72	15.69
Net Income to Common	30.14	30.47	24.25	18.72	15.69
Net Income Growth	-1.07%	25.63%	29.54%	19.34%	14.85%
Basic Shares Outstanding	3	3	3	2	2
Diluted Shares Outstanding	3	3	3	3	3
Shares Change (YoY)	1.26%	0.64%	1.64%	1.54%	0.47%
EPS (Basic)	11.47	11.78	9.54	7.50	6.40
EPS (Diluted)	11.27	11.54	9.24	7.26	6.17
EPS Growth	-2.34%	24.92%	27.31%	17.65%	14.28%
Effective Tax Rate	28.28%	27.38%	27.86%	26.92%	26.29%

Updated Jan 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.