First Bank (FRBA)

First Bank Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	202.62	160.85	102.02	88.14	85.78
Interest Income on Investments	19.5	13.17	5.24	2.98	3.42
Total Interest Income	222.13	174.02	107.26	91.11	89.2
Interest Paid on Deposits	88.69	60.28	11.88	5.68	15.57
Interest Paid on Borrowings	10.89	9.22	3.01	3.54	4.08
Total Interest Expense	99.58	69.5	14.89	9.22	19.65
Net Interest Income	122.55	104.52	92.37	81.89	69.55
Net Interest Income Growth (YoY)	17.25%	13.15%	12.80%	17.74%	19.17%
Gain (Loss) on Sale of Assets	-	-	-	0.16	-
Gain (Loss) on Sale of Investments	-0.56	-1.65	-	-	-
Other Non-Interest Income	6.94	4.05	3.88	4.94	5.43
Total Non-Interest Income	7.31	-0.72	5.12	7.75	6.35
Non-Interest Income Growth (YoY)	-	-	-33.97%	22.07%	59.00%
Revenues Before Loan Losses	129.85	103.8	97.49	89.64	75.91
Provision for Loan Losses	1.18	7.94	2.87	-0.23	9.54
Revenue	128.68	95.86	94.62	89.88	66.37
Revenue Growth (YoY)	34.24%	1.31%	5.28%	35.42%	13.69%
Salaries and Employee Benefits	40.69	32.72	26.16	24.4	21.78
Occupancy Expenses	8.45	4.2	3.29	3.15	3.63
Federal Deposit Insurance	2.61	2.19	0.85	0.86	1.08
Selling, General & Administrative	11.41	14.21	11.35	10.02	9.88
Other Non-Interest Expense	9.35	7.27	4.34	3.61	3.96
Total Non-Interest Expense	73.53	60.65	46.28	42.2	40.39
EBT Excluding Unusual Items	55.15	35.21	48.34	47.68	25.98
Pretax Income	55.15	27.16	47.89	46.72	25.98
Income Tax Expense	12.9	6.26	11.6	11.3	6.53
Net Income	42.24	20.9	36.29	35.43	19.45
Net Income to Common	42.24	20.9	36.29	35.43	19.45
Net Income Growth	102.15%	-42.41%	2.42%	82.17%	44.65%
Basic Shares Outstanding	25	22	20	20	20
Diluted Shares Outstanding	25	22	20	20	20
Shares Change (YoY)	14.55%	11.95%	-0.50%	-0.95%	3.16%
EPS (Basic)	1.68	0.95	1.86	1.81	0.98
EPS (Diluted)	1.67	0.95	1.84	1.79	0.97
EPS Growth	75.79%	-48.37%	2.79%	84.54%	40.58%
Dividend Per Share	0.240	0.240	0.240	0.150	0.120
Dividend Growth	0%	0%	60.00%	25.00%	0%
Effective Tax Rate	23.39%	23.05%	24.23%	24.17%	25.14%

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