SSBK 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	151.29	146.71	114.66	74.94	54.71	47.79
Interest Income on Investments	22.92	23.07	17.6	7.91	3.07	2.5
Total Interest Income	174.21	169.78	132.26	82.85	57.78	50.29
Interest Paid on Deposits	71.41	70.63	45.37	8.91	4.31	7.85
Interest Paid on Borrowings	7.05	7.44	6.78	2.61	0.55	0.85
Total Interest Expense	78.46	78.07	52.15	11.51	4.86	8.71
Net Interest Income	95.75	91.71	80.11	71.34	52.91	41.58
Net Interest Income Growth (YoY)	17.62%	14.47%	12.30%	34.82%	27.27%	19.31%
Gain (Loss) on Sale of Investments	0.14	0.11	0.56	-0.63	-0.06	0.74
Other Non-Interest Income	5.51	5.26	6.53	7.45	9.33	6.34
Total Non-Interest Income	7.78	7.39	8.87	8.68	10.8	8.54
Non-Interest Income Growth (YoY)	-6.95%	-16.72%	2.27%	-19.68%	26.48%	27.29%
Revenues Before Loan Losses	103.52	99.1	88.99	80.02	63.72	50.12
Provision for Loan Losses	4.5	4.96	6.09	5.61	2.98	3.3
Revenue	99.03	94.14	82.9	74.41	60.73	46.82
Revenue Growth (YoY)	18.43%	13.56%	11.40%	22.52%	29.72%	30.56%
Salaries and Employee Benefits	25.84	25.21	23.2	23.69	20.84	18.03
Federal Deposit Insurance	1.66	1.59	1.2	0.93	0.95	0.78
Selling, General & Administrative	7.81	7.34	6.17	6.27	6.59	6.26
Other Non-Interest Expense	13.66	12.9	9.71	8.73	8.05	7.13
Total Non-Interest Expense	48.97	47.04	40.28	39.61	36.44	32.19
EBT Excluding Unusual Items	50.06	47.1	42.62	34.8	24.3	14.63
Other Unusual Items	-	-	-1.6	-	-	-
Pretax Income	48.55	45.59	41.02	34.8	24.3	14.63
Income Tax Expense	11.45	10.72	9.07	7.73	5.73	2.53
Net Income	37.1	34.87	31.95	27.07	18.57	12.11
Net Income to Common	37.1	34.87	31.95	27.07	18.57	12.11
Net Income Growth	14.51%	9.13%	18.03%	45.80%	53.36%	116.12%
Basic Shares Outstanding	10	9	9	9	8	8
Diluted Shares Outstanding	10	10	9	9	8	8
Shares Change (YoY)	8.00%	5.15%	0.99%	7.61%	7.09%	12.52%
EPS (Basic)	3.86	3.73	3.63	3.09	2.26	1.58
EPS (Diluted)	3.80	3.67	3.53	3.02	2.23	1.56
EPS Growth	6.02%	3.77%	16.90%	35.61%	43.12%	92.70%
Dividend Per Share	0.360	0.360	0.360	0.360	0.180	0.330
Dividend Growth	-	-	-	100.00%	-45.45%	6.45%
Effective Tax Rate	23.58%	23.52%	22.11%	22.20%	23.59%	17.26%

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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