FNRN 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	58	55.39	52.2	42.32	39.21
Interest Income on Investments	24.31	23.26	21.92	13.57	7.97
Total Interest Income	82.31	78.65	74.12	55.88	47.18
Interest Paid on Deposits	14.76	14.29	7.58	1.19	0.91
Interest Paid on Borrowings	0.08	-	-	-	-
Total Interest Expense	14.84	14.29	7.58	1.19	0.91
Net Interest Income	67.47	64.36	66.54	54.7	46.26
Net Interest Income Growth (YoY)	4.83%	-3.28%	21.65%	18.23%	-2.35%
Gain (Loss) on Sale of Investments	-0.2	-0.23	-0.11	-0.15	-0.22
Other Non-Interest Income	4.57	4.48	4.74	5.27	4.9
Total Non-Interest Income	6.1	6.02	6.44	6.93	7.86
Non-Interest Income Growth (YoY)	1.30%	-6.54%	-7.11%	-11.83%	0.69%
Revenues Before Loan Losses	73.57	70.38	72.98	61.63	54.13
Provision for Loan Losses	-	-0.25	1.1	0.9	-1.5
Revenue	73.57	70.63	71.88	60.73	55.63
Revenue Growth (YoY)	4.16%	-1.74%	18.36%	9.17%	6.69%
Salaries and Employee Benefits	24.53	23	25.09	23.55	22.17
Occupancy Expenses	3.93	3.51	3.11	2.44	2.28
Amortization of Goodwill & Intangibles	0.73	0.82	0.83	-	-
Selling, General & Administrative	7.69	7.38	7.23	6.34	6.07
Other Non-Interest Expense	9.29	8.08	7.37	6.73	5.69
Total Non-Interest Expense	46.16	42.79	43.64	39.06	36.2
EBT Excluding Unusual Items	27.41	27.84	28.24	21.67	19.43
Other Unusual Items	-	-	1.41	-	-
Pretax Income	27.41	27.84	29.65	21.67	19.43
Income Tax Expense	6.28	7.81	8.09	5.78	5.24
Net Income	21.13	20.03	21.55	15.88	14.19
Net Income to Common	21.13	20.03	21.55	15.88	14.19
Net Income Growth	5.46%	-7.05%	35.70%	11.97%	16.65%
Basic Shares Outstanding	16	17	17	17	17
Diluted Shares Outstanding	17	17	17	17	17
Shares Change (YoY)	-1.87%	-0.00%	0.40%	-2.66%	-0.18%
EPS (Basic)	1.30	1.20	1.29	0.95	0.83
EPS (Diluted)	1.27	1.19	1.28	0.94	0.82
EPS Growth	6.72%	-6.75%	35.29%	14.95%	17.35%
Effective Tax Rate	22.91%	28.04%	27.30%	26.69%	26.97%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.