Oxford Bank Corporation (OXBC)

Oxford Bank 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	48.74	34.47	25.63	24.82	21.32
Interest Income on Investments	2.58	6.96	5.38	1.54	1.85
Total Interest Income	51.32	41.42	31.01	26.36	23.17
Interest Paid on Deposits	9.07	4.97	1.92	1.31	1.96
Interest Paid on Borrowings	0.77	0.55	-	-	-
Total Interest Expense	9.84	5.53	1.92	1.31	1.96
Net Interest Income	41.47	35.9	29.09	25.04	21.2
Net Interest Income Growth (YoY)	15.53%	23.40%	16.16%	18.10%	15.42%
Gain (Loss) on Sale of Assets	-	0.02	-	-	-
Other Non-Interest Income	5.68	7.64	3.16	2.87	1.77
Total Non-Interest Income	6.57	8.73	4.35	4.68	3.1
Non-Interest Income Growth (YoY)	-24.70%	100.80%	-7.05%	50.90%	-22.01%
Revenues Before Loan Losses	48.05	44.63	33.44	29.72	24.3
Provision for Loan Losses	3.27	1.9	0.15	0.55	1.44
Revenue	44.77	42.73	33.29	29.17	22.86
Revenue Growth (YoY)	4.77%	28.38%	14.12%	27.58%	3.57%
Salaries and Employee Benefits	18.61	15.96	12.66	8.07	7.39
Occupancy Expenses	2.32	2.02	2.01	1.93	1.7
Selling, General & Administrative	4.52	3.78	3.5	2.35	2.07
Other Non-Interest Expense	5.85	5.56	4.09	3	2.83
Total Non-Interest Expense	31.3	27.32	22.26	15.36	13.98
EBT Excluding Unusual Items	13.48	15.42	11.03	13.82	8.89
Pretax Income	13.48	15.42	11.03	13.82	8.89
Income Tax Expense	2.77	2.85	2.12	2.93	1.89
Earnings From Continuing Operations	10.71	12.57	8.91	10.88	7
Minority Interest in Earnings	-0.75	-0.51	-0.09	-	-
Net Income	9.96	12.06	8.82	10.88	7
Net Income to Common	9.96	12.06	8.82	10.88	7
Net Income Growth	-17.42%	36.71%	-18.96%	55.45%	32.67%
Basic Shares Outstanding	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2
Shares Change (YoY)	0.79%	2.12%	4.76%	-1.38%	1.16%
EPS (Basic)	4.05	4.94	3.69	4.77	3.03
EPS (Diluted)	4.05	4.94	3.69	4.77	3.03
EPS Growth	-18.07%	33.88%	-22.64%	57.63%	31.15%
Effective Tax Rate	20.55%	18.47%	19.21%	21.22%	21.22%

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