FLIC Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	137.33	137.09	127.87	116.35	106.27	109.49
Interest Income on Investments	28.62	30.24	27.62	17.86	16.69	21.72
Total Interest Income	165.95	167.33	155.48	134.21	122.96	131.22
Interest Paid on Deposits	72.42	72.76	51.43	12.48	10.13	20.07
Interest Paid on Borrowings	19.65	21.35	17.19	6.02	6.03	9.11
Total Interest Expense	92.07	94.11	68.62	18.5	16.15	29.19
Net Interest Income	73.88	73.22	86.87	115.71	106.81	102.03
Net Interest Income Growth (YoY)	-9.23%	-15.71%	-24.93%	8.34%	4.68%	1.86%
Gain (Loss) on Sale of Assets	0.02	0.02	0.24	-0.55	-	-
Gain (Loss) on Sale of Investments	-	-	-3.49	-	1.1	2.56
Other Non-Interest Income	8.67	8.67	6.55	9.26	8.55	8.57
Total Non-Interest Income	12.01	12.07	6.34	11.86	12.57	14.09
Non-Interest Income Growth (YoY)	18.96%	90.47%	-46.59%	-5.66%	-10.73%	32.75%
Revenues Before Loan Losses	85.89	85.29	93.2	127.58	119.38	116.11
Provision for Loan Losses	0.53	0.36	-0.33	2.33	-2.57	3.01
Revenue	85.36	84.93	93.53	125.25	121.95	113.11
Revenue Growth (YoY)	-5.94%	-9.19%	-25.32%	2.70%	7.82%	2.13%
Salaries and Employee Benefits	37.42	37.56	36.12	38.63	38.12	35.5
Occupancy Expenses	8.91	8.89	9.12	9.64	7.37	8.91
Selling, General & Administrative	5.73	5.86	5.27	6.24	6.5	5.1
Other Non-Interest Expense	13.7	12.76	13.55	12.52	13.56	11.36
Total Non-Interest Expense	65.76	65.07	64.06	67.03	65.55	60.87
EBT Excluding Unusual Items	19.6	19.86	29.47	58.22	56.41	52.23
Other Unusual Items	-	-	-	-	-	-2.56
Pretax Income	16.28	16.76	29.47	58.22	53.31	49.53
Income Tax Expense	-0.12	-0.31	3.23	11.29	10.22	8.32
Net Income	16.4	17.08	26.24	46.93	43.09	41.2
Net Income to Common	16.4	17.08	26.24	46.93	43.09	41.2
Net Income Growth	-32.22%	-34.92%	-44.09%	8.92%	4.58%	-0.85%
Basic Shares Outstanding	23	23	23	23	24	24
Diluted Shares Outstanding	23	23	23	23	24	24
Shares Change (YoY)	0.18%	0.07%	-1.46%	-3.34%	-0.63%	-3.77%
EPS (Basic)	0.73	0.76	1.16	2.05	1.82	1.73
EPS (Diluted)	0.72	0.75	1.16	2.04	1.81	1.72
EPS Growth	-32.72%	-35.34%	-43.14%	12.71%	5.23%	2.99%
Dividend Per Share	0.840	0.840	0.840	0.820	0.780	0.740
Dividend Growth	-	-	2.44%	5.13%	5.41%	5.71%
Effective Tax Rate	-	-	10.96%	19.39%	19.17%	16.81%

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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