Thomasville Bancshares, Inc. (THVB)

Thomasville Bancshares Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	101.24	82.26	56.35	45.62	44.09
Interest Income on Investments	14.14	8.47	3.74	0.4	0.88
Total Interest Income	115.38	90.73	60.08	46.03	44.98
Interest Paid on Deposits	45.78	28	5.42	2.77	4.85
Interest Paid on Borrowings	1.72	2.34	1.05	1.05	1.26
Total Interest Expense	47.5	30.34	6.47	3.81	6.11
Net Interest Income	67.88	60.39	53.61	42.21	38.86
Net Interest Income Growth (YoY)	12.41%	12.63%	27.00%	8.62%	12.78%
Trust Income	19.17	16	15.79	15.61	12.47
Gain (Loss) on Sale of Assets	-	-	2.42	-	-
Gain (Loss) on Sale of Investments	-	-0.76	-2.71	-	-
Other Non-Interest Income	2.54	2.51	2.71	3.06	2.41
Total Non-Interest Income	22.21	18.21	18.65	19.12	15.33
Non-Interest Income Growth (YoY)	21.96%	-2.35%	-2.43%	24.69%	9.68%
Revenues Before Loan Losses	90.09	78.6	72.26	61.33	54.19
Provision for Loan Losses	2	2.5	7.05	3.03	4.75
Revenue	88.09	76.1	65.21	58.3	49.44
Revenue Growth (YoY)	15.76%	16.69%	11.85%	17.92%	6.94%
Salaries and Employee Benefits	21.2	19.26	18.72	17.15	15.04
Federal Deposit Insurance	1.42	1.31	1.2	1.18	0.74
Selling, General & Administrative	7.54	6.63	6.12	5.09	4.43
Other Non-Interest Expense	7.06	5.79	6.27	5.36	4.68
Total Non-Interest Expense	37.23	32.98	32.31	28.78	24.89
EBT Excluding Unusual Items	50.87	43.12	32.9	29.52	24.55
Pretax Income	50.87	43.12	32.9	29.52	24.55
Income Tax Expense	11.6	9.57	7.11	6.43	5.17
Net Income	39.27	33.55	25.79	23.09	19.39
Preferred Dividends & Other Adjustments	0.77	0.68	0.61	0.56	0.53
Net Income to Common	38.5	32.86	25.18	22.53	18.86
Net Income Growth	17.06%	30.07%	11.70%	19.10%	3.25%
Basic Shares Outstanding	6	6	6	6	6
Diluted Shares Outstanding	7	7	7	7	7
Shares Change (YoY)	1.45%	-1.90%	0.33%	0.27%	0.32%
EPS (Basic)	6.11	5.30	4.17	3.74	3.14
EPS (Diluted)	5.92	5.13	3.87	3.47	2.92
EPS Growth	15.39%	32.59%	11.33%	18.77%	2.92%
Dividend Per Share	2.300	2.000	1.750	1.600	1.500
Dividend Growth	15.00%	14.29%	9.38%	6.67%	7.14%
Effective Tax Rate	22.80%	22.20%	21.61%	21.79%	21.04%

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