Plains Acquisition Corporation (PLQC)

Plains Acquisition Income Statement

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

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	50.6	38.93	30.74	28.25	27.9
Interest Income on Investments	5.42	3.11	1.28	1.36	2.3
Total Interest Income	56.02	42.04	32.02	29.61	30.2
Interest Paid on Deposits	15.26	4.69	2.72	6.14	8.37
Interest Paid on Borrowings	0.8	0.75	0.6	-	-
Total Interest Expense	16.05	5.44	3.32	6.14	8.37
Net Interest Income	39.97	36.6	28.71	23.47	21.83
Net Interest Income Growth (YoY)	9.21%	27.50%	22.31%	7.50%	14.69%
Gain (Loss) on Sale of Investments	-	-	0.14	-	-
Other Non-Interest Income	1.96	0.86	1.01	0.7	0.59
Total Non-Interest Income	2.35	1.48	3.87	2.85	3.86
Non-Interest Income Growth (YoY)	59.32%	-61.90%	35.85%	-26.11%	65.92%
Revenues Before Loan Losses	42.32	38.08	32.58	26.32	25.69
Provision for Loan Losses	1.38	1	1.08	1.45	0.7
Revenue	40.95	37.08	31.51	24.87	24.99
Revenue Growth (YoY)	10.44%	17.68%	26.67%	-0.48%	17.82%
Salaries and Employee Benefits	11.25	9.79	9.38	8.16	8.08
Occupancy Expenses	0.45	0.5	0.61	0.63	0.6
Selling, General & Administrative	6.21	5.34	4.76	3.91	3.73
Other Non-Interest Expense	1.45	1.71	1.32	1.15	1.53
Total Non-Interest Expense	19.39	17.36	16.89	14.08	15.1
EBT Excluding Unusual Items	21.55	19.71	14.62	10.8	9.89
Pretax Income	21.55	19.71	14.62	10.8	9.89
Income Tax Expense	4.73	3.98	3.01	2.36	2.39
Net Income	16.83	15.73	11.61	8.44	7.51
Net Income to Common	16.83	15.73	11.61	8.44	7.51
Net Income Growth	6.98%	35.49%	37.55%	12.41%	3.55%
Basic Shares Outstanding	2	2	2	2	2
Diluted Shares Outstanding	3	3	3	2	2
Shares Change (YoY)	3.54%	2.39%	4.66%	1.03%	-
EPS (Basic)	6.83	6.52	4.83	3.53	3.17
EPS (Diluted)	6.34	6.13	4.64	3.53	3.17
EPS Growth	3.43%	32.11%	31.55%	11.26%	-
Dividend Per Share	1.500	0.500	-	-	-
Dividend Growth	200.00%	-	-	-	-
Effective Tax Rate	21.93%	20.21%	20.59%	21.83%	24.11%

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