Somerset Trust Holding Company (SOME)

SOME 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	105.47	99.86	84.48	63.13	59.41	56.81
Interest Income on Investments	23.39	23.39	21.11	15.91	9.98	9.51
Total Interest Income	128.86	123.25	105.59	79.04	69.38	66.32
Interest Paid on Deposits	34.29	32.06	18.05	5.45	5.01	7.47
Interest Paid on Borrowings	10.66	10.66	7.52	3.1	2.26	2.82
Total Interest Expense	44.95	42.72	25.57	8.55	7.26	10.29
Net Interest Income	83.91	80.53	80.02	70.49	62.12	56.03
Net Interest Income Growth (YoY)	5.31%	0.64%	13.52%	13.48%	10.86%	10.25%
Trust Income	5.94	5.65	4.85	4.86	4.62	3.9
Gain (Loss) on Sale of Investments	-	-	-0.25	-2.48	0	1.64
Other Non-Interest Income	9.08	9.19	9.02	8.55	8.35	7.6
Total Non-Interest Income	17.82	17.64	16.03	13.55	16.85	18.82
Non-Interest Income Growth (YoY)	5.70%	10.07%	18.29%	-19.57%	-10.48%	19.81%
Revenues Before Loan Losses	101.72	98.17	96.04	84.04	78.96	74.85
Provision for Loan Losses	2.51	0.64	3.4	1.05	4.14	6.56
Revenue	99.21	97.53	92.64	82.99	74.82	68.29
Revenue Growth (YoY)	6.19%	5.27%	11.63%	10.92%	9.56%	6.90%
Salaries and Employee Benefits	37.64	36.82	32.1	31.73	33.44	31
Occupancy Expenses	5.68	5.33	4.5	3.96	3.79	4.13
Federal Deposit Insurance	1.69	1.69	1.31	1.14	1.01	0.7
Amortization of Goodwill & Intangibles	-	-	-	-	0.14	0.03
Selling, General & Administrative	16	16	17.88	15.28	14.79	12.46
Other Non-Interest Expense	8.09	8.24	9.61	6.83	6.69	7.16
Total Non-Interest Expense	69.07	68.05	65.29	58.92	59.81	55.51
EBT Excluding Unusual Items	30.14	29.48	27.35	24.08	15.01	12.78
Asset Writedown	-	-	-	0.06	0.54	-
Pretax Income	30.14	29.48	27.35	24.14	15.56	12.78
Income Tax Expense	4.93	4.99	4.11	3.28	1.61	1.24
Net Income	25.21	24.49	23.24	20.86	13.95	11.54
Net Income to Common	25.21	24.49	23.24	20.86	13.95	11.54
Net Income Growth	27.16%	5.40%	11.41%	49.55%	20.89%	3.66%
Basic Shares Outstanding	3	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3	3
Shares Change (YoY)	-0.04%	-	0.16%	0.44%	0.01%	2.13%
EPS (Basic)	10.00	9.71	9.21	8.28	5.56	4.60
EPS (Diluted)	10.00	9.71	9.21	8.28	5.56	4.60
EPS Growth	27.21%	5.40%	11.23%	48.89%	20.87%	1.49%
Dividend Per Share	1.670	1.650	1.610	1.570	1.530	1.490
Dividend Growth	2.45%	2.48%	2.55%	2.61%	2.69%	3.47%
Effective Tax Rate	16.35%	16.93%	15.04%	13.59%	10.35%	9.71%

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