PBAM 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	150.03	148.63	142.16	116.55	80.92	61.81
Interest Income on Investments	17.5	16.75	12.74	9.11	3.61	1.56
Total Interest Income	167.53	165.38	154.89	125.66	84.53	63.37
Interest Paid on Deposits	42.53	45.07	50.94	30.59	4.9	1.69
Interest Paid on Borrowings	1.89	2.09	3.41	4.75	1.31	2.89
Total Interest Expense	44.42	47.15	54.34	35.34	6.21	4.57
Net Interest Income	123.11	118.23	100.55	90.32	78.32	58.79
Net Interest Income Growth (YoY)	16.67%	17.58%	11.33%	15.32%	33.22%	16.96%
Other Non-Interest Income	2.29	2.39	1.6	1.73	1.51	1.08
Total Non-Interest Income	7.25	6.93	6.34	4.62	7.34	11.34
Non-Interest Income Growth (YoY)	11.01%	9.21%	37.38%	-37.12%	-35.23%	121.36%
Revenues Before Loan Losses	130.36	125.16	106.9	94.94	85.67	70.13
Provision for Loan Losses	7.66	5.94	2.69	-6.15	2.18	2.71
Revenue	122.7	119.22	104.21	101.08	83.49	67.42
Revenue Growth (YoY)	12.26%	14.40%	3.09%	21.07%	23.84%	35.59%
Salaries and Employee Benefits	42.65	41.58	34.27	29.19	29.15	23.05
Occupancy Expenses	3.45	3.43	1.28	1.34	1.35	1.37
Federal Deposit Insurance	-	-	1.44	1.19	0.86	0.52
Selling, General & Administrative	8.49	8.35	16.37	12.25	16.88	12.62
Other Non-Interest Expense	8.43	8.02	-	-	-	-
Total Non-Interest Expense	63.01	61.38	53.36	43.97	48.24	37.55
EBT Excluding Unusual Items	59.69	57.83	50.85	57.11	35.25	29.86
Asset Writedown	-	-	-	0.3	-0.3	-
Pretax Income	59.69	57.83	50.85	57.42	34.94	29.86
Income Tax Expense	17.56	17.17	15.02	16.56	10.23	8.83
Net Income	42.13	40.67	35.82	40.86	24.71	21.03
Preferred Dividends & Other Adjustments	0.34	0.33	0.28	0.29	0.2	0.28
Net Income to Common	41.79	40.33	35.54	40.56	24.51	20.75
Net Income Growth	9.43%	13.52%	-12.32%	65.35%	17.49%	93.09%
Basic Shares Outstanding	6	6	6	6	6	6
Diluted Shares Outstanding	6	6	6	6	6	6
Shares Change (YoY)	0.21%	0.75%	1.35%	0.94%	0.62%	1.62%
EPS (Basic)	7.30	7.03	6.24	7.18	4.41	3.75
EPS (Diluted)	7.19	6.92	6.15	7.11	4.33	3.69
EPS Growth	9.07%	12.52%	-13.50%	64.20%	17.34%	90.21%
Effective Tax Rate	29.42%	29.68%	29.55%	28.84%	29.29%	29.58%

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