Main Street Financial Services Corp. (MSWV)

MSWV 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	64.37	54.67	32.43	23.46	20.01	18.75
Interest Income on Investments	5.67	5.67	2.66	2.36	1.8	1.6
Total Interest Income	70.04	60.33	35.1	25.82	21.81	20.36
Interest Paid on Deposits	24.69	21.46	8.47	2.39	1.99	2.56
Interest Paid on Borrowings	6.2	6.2	4.45	0.66	0.52	0.59
Total Interest Expense	30.9	27.67	12.92	3.05	2.51	3.15
Net Interest Income	39.14	32.67	22.18	22.77	19.3	17.2
Net Interest Income Growth (YoY)	83.09%	47.32%	-2.61%	17.99%	12.19%	4.69%
Gain (Loss) on Sale of Investments	0.68	0.68	-	-	-0.06	-
Other Non-Interest Income	2.31	2.17	2.04	1.87	1.38	1.12
Total Non-Interest Income	4.3	4.16	3.02	2.73	2.56	3.03
Non-Interest Income Growth (YoY)	39.07%	37.85%	10.47%	6.76%	-15.69%	17.14%
Revenues Before Loan Losses	43.44	36.83	25.19	25.5	21.86	20.24
Provision for Loan Losses	5.15	4.78	0.53	1.22	0.75	1.29
Revenue	38.29	32.04	24.66	24.28	21.11	18.95
Revenue Growth (YoY)	57.67%	29.93%	1.58%	15.01%	11.42%	1.77%
Salaries and Employee Benefits	14.14	12.43	7.62	7.64	6.8	5.96
Occupancy Expenses	4.78	3.99	2.57	1.95	1.85	1.69
Federal Deposit Insurance	0.67	0.64	0.53	0.26	0.22	0.13
Amortization of Goodwill & Intangibles	1.38	1.38	-	-	-	-
Selling, General & Administrative	4.66	4.23	1.75	1.09	0.89	0.94
Other Non-Interest Expense	4.38	3.77	2.35	2.22	2.16	2
Total Non-Interest Expense	30.02	26.44	14.82	13.15	11.93	10.72
EBT Excluding Unusual Items	8.27	5.61	9.84	11.13	9.18	8.23
Pretax Income	8.27	5.61	9.84	11.13	9.18	8.23
Income Tax Expense	1.48	0.9	2.01	2.13	1.75	1.54
Net Income	6.79	4.7	7.83	9	7.44	6.69
Net Income to Common	6.79	4.7	7.83	9	7.44	6.69
Net Income Growth	-4.23%	-39.96%	-13.00%	21.07%	11.17%	3.71%
Basic Shares Outstanding	7	6	4	4	4	4
Diluted Shares Outstanding	7	6	4	4	4	4
Shares Change (YoY)	84.81%	59.60%	-3.24%	-6.89%	-4.59%	-2.86%
EPS (Basic)	0.95	0.76	2.04	2.28	1.75	1.51
EPS (Diluted)	0.95	0.76	2.03	2.25	1.74	1.49
EPS Growth	-48.35%	-62.56%	-9.89%	29.70%	16.54%	6.99%
Dividend Per Share	0.428	0.420	0.527	0.527	0.481	0.459
Dividend Growth	-18.79%	-20.35%	-	9.51%	4.99%	5.28%
Effective Tax Rate	17.84%	16.11%	20.38%	19.09%	19.00%	18.67%

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