TowneBank Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	759.71	703.1	627.24	573.13	439.87	408.55
Interest Income on Investments	147.33	143.16	147.29	132.12	78.07	34.9
Total Interest Income	907.04	846.26	774.53	705.24	517.94	443.45
Interest Paid on Deposits	278.78	273.41	318.42	219.98	40.82	27.11
Interest Paid on Borrowings	12.19	9.25	13.5	27.49	15.76	13.98
Total Interest Expense	290.97	282.65	331.92	247.46	56.57	41.08
Net Interest Income	616.07	563.61	442.61	457.78	461.37	402.37
Net Interest Income Growth (YoY)	33.97%	27.34%	-3.31%	-0.78%	14.66%	5.85%
Trust Income	59.51	57.62	50.03	47.08	44.25	42.18
Mortgage Banking Activities	49.96	48.58	46.96	39.42	47.15	109.3
Gain (Loss) on Sale of Investments	0.26	2.13	0.31	9.38	-	1.22
Gain (Loss) on Sale of Equity Investments	2.03	2.03	1.24	-0.97	0.56	1.33
Other Non-Interest Income	146.84	138.87	132.77	122.39	116.82	108.3
Total Non-Interest Income	283	272.11	250.68	235.63	225.57	277.96
Non-Interest Income Growth (YoY)	9.34%	8.55%	6.39%	4.46%	-18.85%	-2.19%
Revenues Before Loan Losses	899.07	835.72	693.29	693.41	686.94	680.33
Provision for Loan Losses	21.86	23.94	-0.55	18.68	8.61	-16.77
Revenue	877.21	811.78	693.83	674.74	678.33	697.1
Revenue Growth (YoY)	22.53%	17.00%	2.83%	-0.53%	-2.69%	16.74%
Salaries and Employee Benefits	325.88	307.78	281.38	263.14	250.41	240.21
Amortization of Goodwill & Intangibles	20.07	16.78	12.77	14.16	10.62	11.13
Selling, General & Administrative	149.99	141.04	139.39	128.46	113.82	105.21
Other Non-Interest Expense	84.48	80.75	69.04	73.88	65.37	59.71
Total Non-Interest Expense	580.42	546.34	502.57	479.63	440.21	416.25
EBT Excluding Unusual Items	296.78	265.44	191.26	195.11	238.12	280.85
Pretax Income	210.29	210.22	189.92	185.51	237.05	279.83
Income Tax Expense	42.41	39.43	27.55	30.92	46.58	54.8
Earnings From Continuing Operations	167.88	170.79	162.37	154.6	190.47	225.03
Minority Interest in Earnings	-1.08	-1.27	-1.02	-1.39	-1.48	-9.65
Net Income	166.81	169.53	161.36	153.21	188.99	215.38
Net Income to Common	166.81	169.53	161.36	153.21	188.99	215.38
Net Income Growth	-6.11%	5.06%	5.32%	-18.93%	-12.26%	47.99%
Basic Shares Outstanding	80	76	75	75	73	72
Diluted Shares Outstanding	81	77	75	75	73	73
Shares Change (YoY)	6.99%	2.10%	0.68%	2.87%	0.02%	0.30%
EPS (Basic)	2.08	2.22	2.15	2.05	2.60	2.97
EPS (Diluted)	2.07	2.21	2.15	2.05	2.60	2.97
EPS Growth	-12.35%	2.79%	4.88%	-21.15%	-12.46%	47.76%
Dividend Per Share	1.080	1.060	1.000	0.980	0.890	0.780
Dividend Growth	8.00%	6.00%	2.04%	10.11%	14.10%	8.33%
Effective Tax Rate	20.17%	18.75%	14.50%	16.66%	19.65%	19.58%

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