INCOME STATEMENT (Quarterly GAAP In millions $) |
(Dec 31 2024) Q4 2024 |
(Sep 30 2024) Q3 2024 |
(Jun 30 2024) Q2 2024 |
(Mar 31 2024) Q1 2024 |
(Dec 31 2023) Q4 2023 |
Interest and Fee Income, Loans and Leases |
282.12 |
291.09 |
285.20 |
234.60 |
230.38 |
Interest and Dividend Income, Securities |
8.13 |
8.13 |
8.17 |
8.16 |
8.16 |
Interest Income, Deposits with Financial Institutions |
5.77 |
1.06 |
2.64 |
1.28 |
2.26 |
Other Income |
23.18 |
24.25 |
24.89 |
18.88 |
18.70 |
Total Interest Income |
319.20 |
324.53 |
320.89 |
262.92 |
259.50 |
Interest Expense, Deposits |
129.31 |
130.22 |
122.50 |
101.86 |
96.00 |
Interest Expense, Short-term Borrowings |
1.19 |
5.70 |
8.19 |
8.16 |
5.04 |
Other Interest Expenses |
5.46 |
5.68 |
5.66 |
5.07 |
4.91 |
Total Interest Expense |
135.96 |
141.60 |
136.35 |
115.09 |
105.95 |
Net Interest Income |
183.25 |
182.93 |
184.53 |
147.83 |
153.55 |
Provision
for loan losses |
17.50 |
2.60 |
21.75 |
8.24 |
8.71 |
Total Net Interest Income |
165.75 |
180.33 |
162.78 |
139.59 |
144.84 |
Service Fees, Investment Banking, Brokerage and Other Transactions |
6.93 |
6.86 |
6.91 |
4.84 |
4.53 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
3.74 |
4.51 |
2.62 |
2.79 |
4.95 |
Interest Rate Swap Feeson Loans |
- |
- |
- |
- |
- |
Interchange Fees Net |
-2.29 |
- |
- |
2.29 |
-2.46 |
Debt And Equity Securities Gain Loss |
- |
- |
- |
- |
- |
Interest Rate Swap Fees On Loans |
-1.22 |
- |
- |
1.22 |
-2.32 |
Gain Loss On Sale Of Shore Premier |
- |
- |
- |
- |
- |
Debt And Equity Securities Realized Gain Loss |
- |
- |
- |
- |
- |
Fees And Commissions Deposit Accounts |
-8.57 |
- |
- |
8.57 |
-8.12 |
Other Service Charges Commissions And Fees |
-1.73 |
- |
- |
1.73 |
-1.69 |
Other Non-Interest Income |
38.38 |
22.92 |
14.28 |
4.12 |
35.07 |
Total Non-interest Income |
35.23 |
34.29 |
23.81 |
25.55 |
29.96 |
Total Revenues |
200.98 |
214.62 |
186.60 |
165.14 |
174.80 |
Salaries & employee benefits, SGA |
7.11 |
8.56 |
8.00 |
6.82 |
7.53 |
Restructuring, Accretion & impairment charges |
8.89 |
1.35 |
29.78 |
- |
- |
Depriciation & Amortization |
5.61 |
5.80 |
6.00 |
1.90 |
2.09 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
7.97 |
7.81 |
7.84 |
6.63 |
6.64 |
Professional Fees |
5.35 |
3.99 |
4.38 |
3.08 |
4.35 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies and Postage Expense |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
5.16 |
5.28 |
4.68 |
5.14 |
7.63 |
Other Noninterest Expense |
3.66 |
5.46 |
5.46 |
7.07 |
10.58 |
Loan Related Expenses |
1.47 |
1.45 |
1.28 |
1.32 |
1.06 |
Other loss/ -income |
84.46 |
82.88 |
82.61 |
73.32 |
68.05 |
Total Operating Expenses |
129.67 |
122.58 |
150.01 |
105.27 |
107.93 |
Total Costs & Expenses |
255.11 |
258.50 |
280.70 |
220.36 |
213.88 |
Income /-loss before income taxes |
71.31 |
92.03 |
36.59 |
59.87 |
66.87 |
Income taxes expenses/-benefit |
13.52 |
15.62 |
11.43 |
10.10 |
9.96 |
Income after income taxes |
57.79 |
76.42 |
25.16 |
49.77 |
56.91 |
Net income/-loss of other equity |
- |
0.00 |
0.00 |
0.00 |
0.00 |
Income /-loss after income taxes |
57.79 |
76.42 |
25.16 |
49.77 |
56.91 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
57.79 |
76.42 |
25.16 |
49.77 |
56.91 |
Non-controlling interests |
- |
- |
- |
- |
- |
Preferred dividends |
2.97 |
2.97 |
2.97 |
2.97 |
2.97 |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
54.82 |
73.45 |
22.19 |
46.80 |
53.94 |