W.T.B. Financial Corporation (WTBFB)

W.T.B. Financial 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	399.3	391.92	340.2	257.23	243.32	237.47
Interest Income on Investments	80.48	97.83	97.67	78.62	65.32	50
Total Interest Income	479.78	489.75	437.86	335.85	308.64	287.47
Interest Paid on Deposits	128.42	130.32	84.84	12.38	8.48	13.62
Interest Paid on Borrowings	58.46	79.5	67.93	0.35	1.1	1.59
Total Interest Expense	186.88	209.82	152.77	12.73	9.58	15.21
Net Interest Income	292.9	279.93	285.09	323.12	299.06	272.26
Net Interest Income Growth (YoY)	8.34%	-1.81%	-11.77%	8.05%	9.84%	6.74%
Trust Income	31.14	30.53	24.25	21.59	21.81	18.86
Mortgage Banking Activities	2.76	2.62	1.19	2.14	8.57	14.12
Gain (Loss) on Sale of Investments	-	-	-	-	-	3.89
Other Non-Interest Income	34.63	34.7	26.36	27.56	31.39	24.66
Total Non-Interest Income	75.15	74.04	57.24	58.18	67.85	67.37
Non-Interest Income Growth (YoY)	29.06%	29.34%	-1.62%	-14.25%	0.71%	39.50%
Revenues Before Loan Losses	368.04	353.97	342.34	381.3	366.91	339.63
Provision for Loan Losses	9.31	8.46	12.34	-20.5	9	33
Revenue	358.73	345.51	330	401.8	357.91	306.63
Revenue Growth (YoY)	13.30%	4.70%	-17.87%	12.26%	16.72%	2.16%
Salaries and Employee Benefits	164.58	160.13	149.32	149.59	137.94	124.98
Occupancy Expenses	12.95	13.38	13.98	12.57	11.96	11.04
Federal Deposit Insurance	7.09	7.09	6.89	4.33	5.78	2.77
Selling, General & Administrative	60.67	60.66	58	56.79	51.07	47.76
Other Non-Interest Expense	35.21	33.39	30.67	32.75	23.17	22.19
Total Non-Interest Expense	280.5	274.65	258.86	256.03	229.91	208.74
EBT Excluding Unusual Items	78.23	70.86	71.14	145.78	128	97.89
Pretax Income	78.23	70.86	71.14	145.78	128	97.89
Income Tax Expense	16.76	15.06	15.29	31.72	27.97	21.58
Net Income	61.48	55.8	55.85	114.05	100.03	76.31
Net Income to Common	61.48	55.8	55.85	114.05	100.03	76.31
Net Income Growth	36.68%	-0.10%	-51.03%	14.02%	31.08%	-8.37%
Basic Shares Outstanding	2	2	3	3	3	3
Diluted Shares Outstanding	2	2	3	3	3	3
Shares Change (YoY)	-0.54%	-0.24%	-0.52%	-0.77%	0.01%	-0.76%
EPS (Basic)	24.67	22.33	22.30	45.32	39.46	30.09
EPS (Diluted)	24.65	22.32	22.29	45.28	39.40	30.06
EPS Growth	37.41%	0.14%	-50.77%	14.92%	31.07%	-7.68%
Dividend Per Share	7.400	7.400	7.400	7.400	7.400	7.400
Dividend Growth	-	-	-	-	-	5.71%
Effective Tax Rate	21.42%	21.25%	21.49%	21.76%	21.85%	22.04%

Updated Jul 18, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.