ECB Bancorp, Inc. (ECBK)

ECB Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	55.44	48.33	26.95	21.32	19.97
Interest Income on Investments	8.7	6.45	2.2	1.06	1.51
Total Interest Income	64.13	54.78	29.16	22.38	21.49
Interest Paid on Deposits	31.08	21.41	4.57	3.55	5.26
Interest Paid on Borrowings	8.91	8.57	0.95	0.14	0.38
Total Interest Expense	39.99	29.99	5.52	3.68	5.64
Net Interest Income	24.14	24.79	23.64	18.69	15.85
Net Interest Income Growth (YoY)	-5.92%	4.86%	26.47%	17.94%	-
Other Non-Interest Income	1.07	1.03	1.32	0.78	0.87
Total Non-Interest Income	1.16	1.05	1.4	1.22	1.28
Non-Interest Income Growth (YoY)	13.29%	-24.91%	14.65%	-4.68%	-
Revenues Before Loan Losses	25.3	25.84	25.04	19.92	17.13
Provision for Loan Losses	0.59	0.8	2.94	0.36	0.29
Revenue	24.71	25.04	22.1	19.56	16.84
Revenue Growth (YoY)	-0.56%	13.28%	13.02%	16.14%	-
Salaries and Employee Benefits	11.01	10.94	9.37	9.6	6.02
Occupancy Expenses	0.86	0.77	0.7	0.72	0.77
Federal Deposit Insurance	0.74	0.79	0.23	0.16	0.07
Selling, General & Administrative	6.02	5.02	3.75	2.5	2.29
Other Non-Interest Expense	1.58	1.52	1.31	1.06	1.17
Total Non-Interest Expense	20.22	19.05	18.61	14.09	10.31
EBT Excluding Unusual Items	4.49	5.99	3.5	5.47	6.53
Pretax Income	4.49	5.99	3.5	5.47	6.53
Income Tax Expense	1.15	1.53	0.78	1.43	1.67
Net Income	3.33	4.46	2.72	4.04	4.86
Net Income to Common	3.33	4.46	2.72	4.04	4.86
Net Income Growth	-28.19%	63.82%	-32.71%	-16.83%	-
Basic Shares Outstanding	8	8	8	-	-
Diluted Shares Outstanding	8	9	8	-	-
Shares Change (YoY)	-0.73%	0.80%	-	-	-
EPS (Basic)	0.40	0.53	0.32	-	-
EPS (Diluted)	0.39	0.52	0.32	-	-
EPS Growth	-27.67%	62.50%	-	-	-
Effective Tax Rate	25.70%	25.55%	22.20%	26.12%	25.61%

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