First Bank (FRBA)

First Bank 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	200.35	160.85	102.02	88.14	85.78	79.47
Interest Income on Investments	18.11	13.17	5.24	2.98	3.42	4.7
Total Interest Income	218.45	174.02	107.26	91.11	89.2	84.17
Interest Paid on Deposits	85.96	60.28	11.88	5.68	15.57	21.75
Interest Paid on Borrowings	10.54	9.22	3.01	3.54	4.08	4.05
Total Interest Expense	96.5	69.5	14.89	9.22	19.65	25.8
Net Interest Income	121.95	104.52	92.37	81.89	69.55	58.37
Net Interest Income Growth (YoY)	25.38%	13.15%	12.80%	17.74%	19.17%	6.23%
Gain (Loss) on Sale of Assets	-	-	-	0.16	-	-
Gain (Loss) on Sale of Investments	-1.47	-1.65	-	-	-	-
Other Non-Interest Income	6.55	4.05	3.88	4.94	5.43	3.22
Total Non-Interest Income	2.13	-0.72	5.12	7.75	6.35	4
Non-Interest Income Growth (YoY)	-42.86%	-	-33.97%	22.07%	59.00%	15.73%
Revenues Before Loan Losses	124.08	103.8	97.49	89.64	75.91	62.36
Provision for Loan Losses	0.65	7.94	2.87	-0.23	9.54	3.98
Revenue	123.43	95.86	94.62	89.88	66.37	58.38
Revenue Growth (YoY)	34.10%	1.31%	5.28%	35.42%	13.69%	6.24%
Salaries and Employee Benefits	37.23	32.72	26.16	24.4	21.78	19.53
Occupancy Expenses	4.9	4.2	3.29	3.15	3.63	3.12
Federal Deposit Insurance	2.81	2.19	0.85	0.86	1.08	0.39
Selling, General & Administrative	16.66	14.21	11.35	10.02	9.88	9.2
Other Non-Interest Expense	9.5	7.27	4.34	3.61	3.96	3.32
Total Non-Interest Expense	72.01	60.65	46.28	42.2	40.39	35.72
EBT Excluding Unusual Items	51.43	35.21	48.34	47.68	25.98	22.66
Pretax Income	51.09	27.16	47.89	46.72	25.98	19.01
Income Tax Expense	10.96	6.26	11.6	11.3	6.53	5.57
Net Income	40.13	20.9	36.29	35.43	19.45	13.45
Net Income to Common	40.13	20.9	36.29	35.43	19.45	13.45
Net Income Growth	85.63%	-42.41%	2.42%	82.17%	44.65%	-23.56%
Basic Shares Outstanding	25	22	20	20	20	19
Diluted Shares Outstanding	25	22	20	20	20	19
Shares Change (YoY)	21.86%	11.95%	-0.50%	-0.95%	3.16%	4.42%
EPS (Basic)	1.60	0.95	1.86	1.81	0.98	0.70
EPS (Diluted)	1.60	0.95	1.84	1.79	0.97	0.69
EPS Growth	54.36%	-48.37%	2.79%	84.54%	40.58%	-27.37%
Dividend Per Share	0.240	0.240	0.240	0.150	0.120	0.120
Dividend Growth	0%	0%	60.00%	25.00%	0%	0%
Effective Tax Rate	21.46%	23.05%	24.23%	24.17%	25.14%	29.29%

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