MSWV Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	77.9	75.33	54.67	32.43	23.46	20.01
Interest Income on Investments	7.96	7.96	5.67	2.66	2.36	1.8
Total Interest Income	85.86	83.28	60.33	35.1	25.82	21.81
Interest Paid on Deposits	30.02	29.49	21.46	8.47	2.39	1.99
Interest Paid on Borrowings	3.34	3.34	6.2	4.45	0.66	0.52
Total Interest Expense	33.36	32.83	27.67	12.92	3.05	2.51
Net Interest Income	52.5	50.45	32.67	22.18	22.77	19.3
Net Interest Income Growth (YoY)	34.14%	54.44%	47.32%	-2.61%	17.99%	12.19%
Gain (Loss) on Sale of Investments	-	-	0.68	-	-	-0.06
Other Non-Interest Income	2.81	2.67	2.17	2.04	1.87	1.38
Total Non-Interest Income	4.1	3.96	4.16	3.02	2.73	2.56
Non-Interest Income Growth (YoY)	-4.67%	-4.83%	37.85%	10.47%	6.76%	-15.69%
Revenues Before Loan Losses	56.6	54.41	36.83	25.19	25.5	21.86
Provision for Loan Losses	1.86	1.58	4.78	0.53	1.22	0.75
Revenue	54.74	52.84	32.04	24.66	24.28	21.11
Revenue Growth (YoY)	42.99%	64.88%	29.93%	1.58%	15.01%	11.42%
Salaries and Employee Benefits	15.04	14.98	11.71	7.62	7.64	6.8
Occupancy Expenses	5.23	5.11	3.99	2.57	1.95	1.85
Federal Deposit Insurance	0.82	0.78	0.64	0.53	0.26	0.22
Amortization of Goodwill & Intangibles	2.18	2.18	1.38	-	-	-
Selling, General & Administrative	4.58	4.58	4.95	1.75	1.09	0.89
Other Non-Interest Expense	4.07	3.89	3.77	2.35	2.22	2.16
Total Non-Interest Expense	31.92	31.52	26.44	14.82	13.15	11.93
EBT Excluding Unusual Items	22.83	21.32	5.61	9.84	11.13	9.18
Pretax Income	22.83	21.32	5.61	9.84	11.13	9.18
Income Tax Expense	4.88	4.57	0.9	2.01	2.13	1.75
Net Income	17.95	16.75	4.7	7.83	9	7.44
Net Income to Common	17.95	16.75	4.7	7.83	9	7.44
Net Income Growth	164.21%	256.13%	-39.96%	-13.00%	21.07%	11.17%
Basic Shares Outstanding	8	8	6	4	4	4
Diluted Shares Outstanding	8	8	6	4	4	4
Shares Change (YoY)	10.01%	27.18%	59.60%	-3.24%	-6.89%	-4.59%
EPS (Basic)	2.29	2.14	0.76	2.04	2.28	1.75
EPS (Diluted)	2.28	2.14	0.76	2.03	2.25	1.74
EPS Growth	141.21%	181.58%	-62.56%	-9.89%	29.70%	16.54%
Dividend Per Share	0.580	0.570	0.420	0.527	0.527	0.481
Dividend Growth	35.45%	35.71%	-20.35%	-	9.51%	4.99%
Effective Tax Rate	21.37%	21.43%	16.11%	20.38%	19.09%	19.00%

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