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 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	367.4	340.2	257.23	243.32	237.47	224.32
Interest Income on Investments	114.11	97.67	78.62	65.32	50	50.04
Total Interest Income	481.5	437.86	335.85	308.64	287.47	274.35
Interest Paid on Deposits	118.44	84.84	12.38	8.48	13.62	16.84
Interest Paid on Borrowings	96.37	67.93	0.35	1.1	1.59	2.45
Total Interest Expense	214.81	152.77	12.73	9.58	15.21	19.3
Net Interest Income	266.69	285.09	323.12	299.06	272.26	255.06
Net Interest Income Growth (YoY)	-18.41%	-11.77%	8.05%	9.84%	6.74%	7.96%
Trust Income	27.1	24.25	21.59	21.81	18.86	17.67
Mortgage Banking Activities	1.94	1.18	2.14	8.57	14.12	4.02
Gain (Loss) on Sale of Investments	-	-	-	-	3.89	-1.85
Other Non-Interest Income	34.4	26.36	27.56	31.39	24.66	21.65
Total Non-Interest Income	69.27	57.24	58.18	67.85	67.37	48.3
Non-Interest Income Growth (YoY)	27.12%	-1.62%	-14.25%	0.71%	39.49%	-8.75%
Revenues Before Loan Losses	335.96	342.33	381.3	366.91	339.63	303.35
Provision for Loan Losses	12.6	12.34	-20.5	9	33	3.2
Revenue	323.36	329.99	401.8	357.91	306.63	300.15
Revenue Growth (YoY)	-13.16%	-17.87%	12.27%	16.72%	2.16%	4.77%
Salaries and Employee Benefits	152.38	149.36	149.53	137.94	124.98	110.75
Occupancy Expenses	14.43	13.98	12.57	11.96	11.04	10.02
Federal Deposit Insurance	6.89	6.89	4.33	5.78	2.77	0.89
Selling, General & Administrative	57.65	57.95	56.85	51.07	47.76	45.88
Other Non-Interest Expense	36.45	30.67	32.74	23.17	22.19	25.88
Total Non-Interest Expense	267.81	258.85	256.03	229.91	208.74	193.42
EBT Excluding Unusual Items	55.56	71.14	145.78	128	97.89	106.74
Pretax Income	55.56	71.14	145.78	128	97.89	106.74
Income Tax Expense	11.69	15.29	31.72	27.97	21.58	23.45
Net Income	43.87	55.85	114.05	100.03	76.31	83.28
Net Income to Common	43.87	55.85	114.05	100.03	76.31	83.28
Net Income Growth	-51.79%	-51.03%	14.02%	31.08%	-8.37%	0.28%
Basic Shares Outstanding	3	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3	3
Shares Change (YoY)	-0.08%	-0.52%	-0.77%	0.01%	-0.76%	-0.17%
EPS (Basic)	17.51	22.30	45.32	39.46	30.09	32.62
EPS (Diluted)	17.50	22.29	45.28	39.40	30.06	32.56
EPS Growth	-51.76%	-50.77%	14.92%	31.07%	-7.68%	0.43%
Dividend Per Share	7.400	7.400	7.400	7.400	7.400	7.000
Dividend Growth	0%	0%	0%	0%	5.71%	52.17%
Effective Tax Rate	21.05%	21.49%	21.76%	21.85%	22.04%	21.97%

Source: S&P Capital IQ. Banks template. Financial Sources.