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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2020	Dec 31, 2019	Dec 31, 2014
Interest Income on Loans	74.16	72.99	63.74	50.32	48.09	27.84
Interest Income on Investments	5	4.91	5.58	-	-	4.49
Total Interest Income	79.15	77.9	69.32	50.32	48.09	32.33
Interest Paid on Deposits	30.19	30.79	20.11	11.5	14.55	4.64
Interest Paid on Borrowings	3.27	4.2	6.46	-	-	0.06
Total Interest Expense	33.46	34.99	26.57	11.5	14.55	4.69
Net Interest Income	45.69	42.91	42.75	38.82	33.54	27.63
Net Interest Income Growth (YoY)	7.17%	0.37%	10.12%	15.74%	21.37%	-3.53%
Trust Income	0.26	0.27	0.28	-	-	0.19
Mortgage Banking Activities	10.93	9.92	9.3	-	-	10.51
Gain (Loss) on Sale of Investments	-	-	-	0.29	-	0.24
Other Non-Interest Income	5.57	5.44	5.95	35.87	16.68	4.18
Total Non-Interest Income	16.76	15.63	15.52	36.16	16.68	15.12
Non-Interest Income Growth (YoY)	8.47%	0.71%	-57.08%	116.79%	10.35%	-32.00%
Revenues Before Loan Losses	62.45	58.54	58.27	74.98	50.22	42.75
Provision for Loan Losses	0.29	-1.28	-0.85	5.05	1.8	1.8
Revenue	62.16	59.82	59.12	69.93	48.42	40.95
Revenue Growth (YoY)	3.16%	1.19%	-15.46%	44.42%	18.24%	-15.78%
Salaries and Employee Benefits	31.23	30.9	31.17	-	-	23.52
Federal Deposit Insurance	-	-	-	0.43	0.13	-
Selling, General & Administrative	3.94	4.07	4.32	-	-	4.51
Other Non-Interest Expense	11.58	11	10.25	41.95	36.47	10.92
Total Non-Interest Expense	46.75	45.97	45.74	42.38	36.61	38.95
EBT Excluding Unusual Items	15.41	13.86	13.38	27.55	11.82	2
Pretax Income	15.41	13.86	13.38	27.55	11.82	2
Income Tax Expense	3.9	3.43	3.33	7.41	2.94	-0.07
Net Income	11.51	10.43	10.05	20.14	8.87	2.07
Preferred Dividends & Other Adjustments	-	-	-	-	-	0.2
Net Income to Common	11.51	10.43	10.05	20.14	8.87	1.87
Net Income Growth	6.51%	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)	-1.86%	-1.72%	0.48%	0.51%	31.02%	-1.60%
EPS (Basic)	4.80	4.32	4.09	8.16	3.61	1.03
EPS (Diluted)	4.76	4.28	4.05	8.16	3.61	1.00
EPS Growth	8.65%	5.68%	-50.35%	125.86%	261.86%	69.15%
Dividend Per Share	0.950	0.850	0.800	-	-	0.500
Dividend Growth	18.75%	6.25%	-	-	-	-
Effective Tax Rate	25.30%	24.74%	24.91%	26.89%	24.91%	-

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