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Income Statement

  Year Ending Dec 2023 (Update) Year Ending Dec 2022 (Update) Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update)
Interest & Fees on Loans 308.02 203.67 170.55 177.19
Interest & Dividends on Investment Securities 29.55 33.69 22.12 15.55
Other Interest Income 5.70 2.21 0.55 0.37
Interest Income, Bank 343.27 239.57 193.22 193.10
Interest on Deposit 137.79 36.28 14.83 29.34
Interest on Other Borrowings 8.44 0.40 0.30 0.75
Total Interest Expense 146.23 36.68 15.13 30.10
Net Interest Income 197.04 202.89 178.09 163.01
Loan Loss Provision 5.85 9.38 1.08 --
Net Interest Income After Loan Loss Provision 191.19 193.51 177.01 163.01
Fees & Commissions from Operations 10.77 11.60 10.61 10.11
Commissions/Fees From Securities Activities 10.64 11.59 12.14 13.05
Insurance Commissions, Fees & Premiums 3.13 0.43 2.47 2.11
Credit Card Fees 3.65 3.56 3.02 2.41
Fees for Other Customer Services 11.75 12.21 11.92 10.09
Investment Securities Gains -0.03 0.02 0.80 0.43
Other Unusual Income -- -- -- --
Other Revenue 9.94 2.45 3.76 8.65
Non-Interest Income, Bank 49.86 41.86 44.72 46.84
Labor & Related Expenses -59.15 -58.53 -57.88 -49.41
Other Unusual Expense -18.06 -- -- -14.77
Other Expense -53.51 -51.68 -46.41 -41.79
Non-Interest Expense, Bank -130.71 -110.21 -104.29 -105.98
Net Income Before Taxes 110.33 125.16 117.44 103.88
Income Tax – Total 16.57 21.35 21.71 19.54
Income After Tax 93.77 103.82 95.73 84.34
Net Income Before Extraordinary Items 93.77 103.82 95.73 84.34
Extraordinary Item -- -- -- --
Total Extraordinary Items -- -- -- --
Net Income 93.77 103.82 95.73 84.34
Income Available to Common Excluding Extraordinary Items 93.77 103.82 95.73 84.34
Income Available to Common Stocks Including Extraordinary Items 93.77 103.82 95.73 84.34
Basic Weighted Average Shares 25.60 25.53 25.48 25.47
Basic EPS Excluding Extraordinary Items 3.66 4.07 3.76 3.31
Basic EPS Including Extraordinary Items 3.66 4.07 3.76 3.31
Diluted Net Income 93.77 103.82 95.73 84.34
Diluted Weighted Average Shares 25.72 25.71 25.62 25.57
Diluted EPS Excluding Extraordinary Items 3.65 4.04 3.74 3.30
Diluted EPS Including Extraordinary Items 3.65 4.04 3.74 3.30
DPS - Common Stock Primary Issue 1.84 1.60 1.36 1.20
Gross Dividends - Common Stock 47.11 40.85 34.65 30.58
Total Special Items 18.06 -- -- 14.77
Normalized Income Before Taxes 128.39 125.16 117.44 118.65
Effect of Special Items on Income Taxes 2.71 -- -- 2.78
Income Taxes Excluding Impact of Special Items 19.28 21.35 21.71 22.32
Normalized Income After Taxes 109.11 103.82 95.73 96.33
Normalized Income Available to Common 109.11 103.82 95.73 96.33
Basic Normalized EPS 4.26 4.07 3.76 3.78
Diluted Normalized EPS 4.24 4.04 3.74 3.77
Amortization of Intangibles, Supplemental -- -- -- --
Depreciation, Supplemental 6.17 6.02 6.11 6.04
Rental Expense, Supplemental 0.72 0.67 0.54 0.54
Stock-Based Compensation, Supplemental 3.65 7.81 7.16 1.79
Audit-Related Fees, Supplemental 0.47 0.44 0.51 0.44
Audit-Related Fees 0.06 0.06 0.06 0.08
Tax Fees, Supplemental 0.08 0.08 0.07 0.06
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00 --
Pretax Margin 32.14 52.25 60.78 53.79
Effective Tax Rate 15.01 17.06 18.49 18.81
Net Profit Margin 27.32 43.34 49.55 43.67
Bank Total Revenue 246.89 244.75 222.81 209.85
Current Tax - Domestic 16.17 22.83 21.33 20.03
Current Tax - Local -0.13 1.30 1.89 1.48
Current Tax - Total 16.04 24.12 23.22 21.52
Deferred Tax - Domestic 1.30 -2.33 -1.25 -1.69
Deferred Tax - Local -0.78 -0.45 -0.26 -0.29
Deferred Tax - Total 0.53 -2.78 -1.51 -1.98
Income Tax - Total 16.57 21.35 21.71 19.54
Interest Cost - Domestic 0.11 0.07 0.07 0.10
Service Cost - Domestic 0.00 0.00 0.00 0.00
Expected Return on Assets - Domestic -0.16 -0.18 -0.18 -0.19
Actuarial Gains and Losses - Domestic -- -- -- 0.25
Curtailments & Settlements - Domestic 0.03 0.02 0.07 0.12
Domestic Pension Plan Expense -0.03 -0.08 -0.05 0.28
Defined Contribution Expense - Domestic 2.00 2.40 -- 1.90
Total Pension Expense 1.97 2.32 -0.05 2.18
Total Plan Interest Cost 0.11 0.07 0.07 0.10
Total Plan Service Cost 0.00 0.00 0.00 0.00
Total Plan Expected Return -0.16 -0.18 -0.18 -0.19
Net Interest Margin, Total -% 3.31 3.40 3.07 3.19

In millions of USD (except for per share items)

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