Private Bancorp of America, Inc. (PBAM)

PBAM 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	145.72	142.16	116.55	80.92	61.81	55.54
Interest Income on Investments	13.66	12.74	9.11	3.61	1.56	1.62
Total Interest Income	159.38	154.89	125.66	84.53	63.37	57.15
Interest Paid on Deposits	50.7	50.94	30.59	4.9	1.69	4.37
Interest Paid on Borrowings	3.16	3.41	4.75	1.31	2.89	2.52
Total Interest Expense	53.86	54.34	35.34	6.21	4.57	6.89
Net Interest Income	105.52	100.55	90.32	78.32	58.79	50.27
Net Interest Income Growth (YoY)	16.05%	11.33%	15.32%	33.22%	16.96%	20.36%
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.75
Other Non-Interest Income	1.83	1.6	1.73	1.51	1.08	1.1
Total Non-Interest Income	6.53	6.34	4.62	7.34	11.34	5.12
Non-Interest Income Growth (YoY)	42.63%	37.38%	-37.12%	-35.23%	121.36%	82.17%
Revenues Before Loan Losses	112.05	106.9	94.94	85.67	70.13	55.39
Provision for Loan Losses	2.76	2.69	-6.15	2.18	2.71	5.67
Revenue	109.29	104.21	101.08	83.49	67.42	49.72
Revenue Growth (YoY)	7.69%	3.09%	21.07%	23.84%	35.59%	51.83%
Salaries and Employee Benefits	37.55	36.66	29.19	29.15	23.05	20.87
Occupancy Expenses	3.33	3.26	1.34	1.35	1.37	1.33
Federal Deposit Insurance	-	-	1.19	0.86	0.52	0.65
Selling, General & Administrative	6.7	6.41	12.25	16.88	12.62	11.12
Other Non-Interest Expense	7.06	7.03	-	-	-	-
Total Non-Interest Expense	54.63	53.36	43.97	48.24	37.55	33.96
EBT Excluding Unusual Items	54.66	50.85	57.11	35.25	29.86	15.76
Asset Writedown	-	-	0.3	-0.3	-	-0.08
Pretax Income	54.66	50.85	57.42	34.94	29.86	15.68
Income Tax Expense	16.16	15.02	16.56	10.23	8.83	4.78
Net Income	38.5	35.82	40.86	24.71	21.03	10.89
Preferred Dividends & Other Adjustments	0.31	0.28	0.29	0.2	0.28	0.18
Net Income to Common	38.19	35.54	40.56	24.51	20.75	10.71
Net Income Growth	-3.18%	-12.32%	65.35%	17.49%	93.09%	-
Basic Shares Outstanding	6	6	6	6	6	5
Diluted Shares Outstanding	6	6	6	6	6	6
Shares Change (YoY)	1.31%	1.36%	0.94%	0.62%	1.62%	5.32%
EPS (Basic)	6.69	6.24	7.18	4.41	3.75	1.95
EPS (Diluted)	6.59	6.15	7.11	4.33	3.69	1.94
EPS Growth	-4.44%	-13.50%	64.20%	17.34%	90.21%	-
Effective Tax Rate	29.56%	29.55%	28.84%	29.29%	29.58%	30.52%

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