COFS Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	172.91	89.58	68.38	52.82	48.66
Interest Income on Investments	30.04	31.52	30.6	22.24	15.96
Total Interest Income	202.96	121.1	98.98	75.06	64.62
Interest Paid on Deposits	53.97	34.17	23.99	5.85	3.31
Interest Paid on Borrowings	11.92	12.49	9.11	1.9	0.67
Total Interest Expense	65.89	46.66	33.1	7.75	3.98
Net Interest Income	137.07	74.44	65.89	67.31	60.64
Net Interest Income Growth (YoY)	84.13%	12.99%	-2.12%	11.00%	18.74%
Trust Income	2.53	0.91	0.77	0.73	0.79
Mortgage Banking Activities	-	-	-	-	2.34
Gain (Loss) on Sale of Investments	0.61	0.2	-0.32	-1.76	0.44
Other Non-Interest Income	19.78	7.76	7.61	7.6	11.18
Total Non-Interest Income	24.67	17.3	14.91	13.8	19.19
Non-Interest Income Growth (YoY)	42.62%	16.03%	8.03%	-28.11%	-15.44%
Revenues Before Loan Losses	161.74	91.74	80.79	81.11	79.84
Provision for Loan Losses	14.81	0.63	0.15	0.25	0.42
Revenue	146.92	91.11	80.64	80.86	79.42
Revenue Growth (YoY)	61.26%	12.98%	-0.27%	1.82%	13.83%
Salaries and Employee Benefits	52.74	32.69	30.96	29.43	28.49
Occupancy Expenses	9.31	5.48	5.72	5.98	6.02
Federal Deposit Insurance	2.01	1.34	1.18	0.72	0.8
Amortization of Goodwill & Intangibles	5.82	0.76	0.96	1.15	1.31
Selling, General & Administrative	16.7	12.22	11.65	11.56	11.63
Other Non-Interest Expense	8.79	5.21	4.61	4.64	4.68
Total Non-Interest Expense	95.37	57.68	55.07	53.48	52.92
EBT Excluding Unusual Items	51.56	33.43	25.57	27.38	26.5
Pretax Income	34.19	33.09	25.57	27.66	26.5
Income Tax Expense	6.01	6.36	4.31	4.02	4.46
Net Income	28.18	26.73	21.26	23.64	22.04
Net Income to Common	28.18	26.73	21.26	23.64	22.04
Net Income Growth	5.42%	25.71%	-10.06%	7.25%	41.18%
Basic Shares Outstanding	14	8	8	8	8
Diluted Shares Outstanding	14	8	8	8	8
Shares Change (YoY)	70.20%	8.57%	0.60%	-2.28%	2.27%
EPS (Basic)	2.02	3.27	2.82	3.15	2.87
EPS (Diluted)	2.01	3.25	2.82	3.15	2.86
EPS Growth	-38.15%	15.25%	-10.48%	10.14%	38.16%
Dividend Per Share	1.130	1.090	1.050	1.010	0.940
Dividend Growth	3.67%	3.81%	3.96%	7.45%	14.63%
Effective Tax Rate	17.59%	19.23%	16.84%	14.53%	16.82%

Updated Jan 30, 2026. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q