First National 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	85.17	63.48	49.29	41.72	32.8
Interest Income on Investments	14.32	12.84	8.43	7.68	4.35
Total Interest Income	99.5	76.32	57.72	49.4	37.14
Interest Paid on Deposits	24.29	20.96	13.66	3.27	1.42
Interest Paid on Borrowings	1.96	2.9	0.65	0.55	0.89
Total Interest Expense	26.25	23.87	14.31	3.82	2.3
Net Interest Income	73.25	52.45	43.41	45.58	34.84
Net Interest Income Growth (YoY)	39.64%	20.82%	-4.74%	30.81%	18.23%
Trust Income	3.61	3.62	3.12	3.01	2.71
Gain (Loss) on Sale of Assets	-	-0.05	-	-0.03	0.02
Gain (Loss) on Sale of Investments	-	-0.12	0.23	0.88	0.04
Other Non-Interest Income	9.06	6.84	5.65	6.08	5.34
Total Non-Interest Income	16.63	13.41	11.78	12.62	10.19
Non-Interest Income Growth (YoY)	24.02%	13.81%	-6.63%	23.89%	23.42%
Revenues Before Loan Losses	89.88	65.86	55.2	58.2	45.03
Provision for Loan Losses	2.89	7.85	6.15	1.85	-0.65
Revenue	86.99	58.01	49.05	56.35	45.68
Revenue Growth (YoY)	49.95%	18.28%	-12.95%	23.36%	31.55%
Salaries and Employee Benefits	33.66	24.5	20.29	19.92	17.44
Federal Deposit Insurance	1.29	0.86	0.63	0.46	0.35
Amortization of Goodwill & Intangibles	1.77	0.46	0.02	0.02	0.03
Selling, General & Administrative	15	11.26	9.46	9.05	9.99
Other Non-Interest Expense	11.56	7.68	7.04	6.25	4.91
Total Non-Interest Expense	63.27	44.78	37.24	35.6	32.73
EBT Excluding Unusual Items	23.72	13.24	11.81	20.75	12.95
Other Unusual Items	0.38	2.92	-	-	-
Pretax Income	21.94	8.05	11.81	20.75	12.95
Income Tax Expense	4.24	1.08	2.18	3.95	2.59
Net Income	17.7	6.97	9.62	16.8	10.36
Net Income to Common	17.7	6.97	9.62	16.8	10.36
Net Income Growth	154.13%	-27.62%	-42.70%	62.15%	16.95%
Basic Shares Outstanding	9	7	6	6	6
Diluted Shares Outstanding	9	7	6	6	6
Shares Change (YoY)	29.33%	11.02%	0.32%	12.60%	13.91%
EPS (Basic)	1.97	1.00	1.54	2.69	1.87
EPS (Diluted)	1.96	1.00	1.53	2.68	1.86
EPS Growth	96.00%	-34.64%	-42.91%	44.09%	2.43%
Dividend Per Share	0.635	0.605	0.600	0.560	0.480
Dividend Growth	4.96%	0.83%	7.14%	16.67%	9.09%
Effective Tax Rate	19.33%	13.44%	18.48%	19.05%	19.98%

Updated Jan 29, 2026. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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