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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	107.64	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	131.02	123.25	105.59	79.04	69.38	66.32
Interest Paid on Deposits	34.51	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	45.17	42.72	25.57	8.55	7.26	10.29
Net Interest Income	85.85	80.53	80.02	70.49	62.12	56.03
Net Interest Income Growth (YoY)	7.63%	0.64%	13.52%	13.48%	10.86%	10.25%
Trust Income	6.14	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	9.05	9.19	9.02	8.55	8.35	7.6
Total Non-Interest Income	17.99	17.64	16.03	13.55	16.85	18.82
Non-Interest Income Growth (YoY)	2.39%	10.07%	18.29%	-19.57%	-10.48%	19.81%
Revenues Before Loan Losses	103.84	98.17	96.04	84.04	78.96	74.85
Provision for Loan Losses	3.01	0.64	3.4	1.05	4.14	6.56
Revenue	100.83	97.53	92.64	82.99	74.82	68.29
Revenue Growth (YoY)	6.20%	5.27%	11.63%	10.92%	9.56%	6.90%
Salaries and Employee Benefits	38.5	36.82	32.1	31.73	33.44	31
Occupancy Expenses	5.86	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	8.84	8.24	9.61	6.83	6.69	7.16
Total Non-Interest Expense	70.87	68.05	65.29	58.92	59.81	55.51
EBT Excluding Unusual Items	29.96	29.48	27.35	24.08	15.01	12.78
Asset Writedown	-	-	-	0.06	0.54	-
Pretax Income	29.96	29.48	27.35	24.14	15.56	12.78
Income Tax Expense	4.84	4.99	4.11	3.28	1.61	1.24
Net Income	25.12	24.49	23.24	20.86	13.95	11.54
Net Income to Common	25.12	24.49	23.24	20.86	13.95	11.54
Net Income Growth	20.78%	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)	9.96	9.71	9.21	8.28	5.56	4.60
EPS (Diluted)	9.96	9.71	9.21	8.28	5.56	4.60
EPS Growth	20.83%	5.40%	11.23%	48.89%	20.87%	1.49%
Dividend Per Share	0.420	1.650	1.610	1.570	1.530	1.490
Dividend Growth	-74.39%	2.48%	2.55%	2.61%	2.69%	3.47%
Effective Tax Rate	16.17%	16.93%	15.04%	13.59%	10.35%	9.71%

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