Tri-County Financial Group, Inc. (TYFG)

TYFG Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2020	FY 2019	FY 2014
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2020	Dec 31, 2019	Dec 31, 2014
Interest Income on Loans	73.58	72.99	63.74	50.32	48.09	27.84
Interest Income on Investments	4.86	4.91	5.58	-	-	4.49
Total Interest Income	78.44	77.9	69.32	50.32	48.09	32.33
Interest Paid on Deposits	30.81	30.79	20.11	11.5	14.55	4.64
Interest Paid on Borrowings	3.56	4.2	6.46	-	-	0.06
Total Interest Expense	34.37	34.99	26.57	11.5	14.55	4.69
Net Interest Income	44.07	42.91	42.75	38.82	33.54	27.63
Net Interest Income Growth (YoY)	2.41%	0.37%	10.12%	15.74%	21.37%	-3.53%
Trust Income	0.26	0.27	0.28	-	-	0.19
Mortgage Banking Activities	10.34	9.92	9.3	-	-	10.51
Gain (Loss) on Sale of Investments	-	-	-	0.29	-	0.24
Other Non-Interest Income	5.62	5.44	5.95	35.87	16.68	4.18
Total Non-Interest Income	16.22	15.63	15.52	36.16	16.68	15.12
Non-Interest Income Growth (YoY)	6.04%	0.71%	-57.08%	116.79%	10.35%	-32.00%
Revenues Before Loan Losses	60.28	58.54	58.27	74.98	50.22	42.75
Provision for Loan Losses	0.5	-1.28	-0.85	5.05	1.8	1.8
Revenue	59.78	59.82	59.12	69.93	48.42	40.95
Revenue Growth (YoY)	-1.40%	1.19%	-15.46%	44.42%	18.24%	-15.78%
Salaries and Employee Benefits	30.88	30.9	31.17	-	-	23.52
Federal Deposit Insurance	-	-	-	0.43	0.13	-
Selling, General & Administrative	4	4.07	4.32	-	-	4.51
Other Non-Interest Expense	11.2	11	10.25	41.95	36.47	10.92
Total Non-Interest Expense	46.08	45.97	45.74	42.38	36.61	38.95
EBT Excluding Unusual Items	13.7	13.86	13.38	27.55	11.82	2
Pretax Income	13.7	13.86	13.38	27.55	11.82	2
Income Tax Expense	3.39	3.43	3.33	7.41	2.94	-0.07
Net Income	10.31	10.43	10.05	20.14	8.87	2.07
Preferred Dividends & Other Adjustments	-	-	-	-	-	0.2
Net Income to Common	10.31	10.43	10.05	20.14	8.87	1.87
Net Income Growth	-7.91%	3.82%	-50.13%	127.01%	328.44%	56.89%
Basic Shares Outstanding	2	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2	2
Shares Change (YoY)	-1.80%	-1.72%	0.48%	0.51%	31.02%	-1.60%
EPS (Basic)	4.29	4.32	4.09	8.16	3.61	1.03
EPS (Diluted)	4.25	4.28	4.05	8.16	3.61	1.00
EPS Growth	-5.98%	5.68%	-50.35%	125.86%	261.86%	69.15%
Dividend Per Share	0.900	0.850	0.800	-	-	0.500
Dividend Growth	12.50%	6.25%	-	-	-	-
Effective Tax Rate	24.76%	24.74%	24.91%	26.89%	24.91%	-

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