INCOME STATEMENT (Annual GAAP In millions $) |
(Dec 31 2023) 2023 |
(Dec 31 2022) 2022 |
(Dec 31 2021) 2021 |
(Dec 31 2020) 2020 |
(Dec 31 2019) 2019 |
Interest and Fee Income, Loans and Leases |
1,042.61 |
673.40 |
505.73 |
494.21 |
476.04 |
Interest and Dividend Income, Securities |
7.30 |
10.32 |
70.97 |
62.07 |
74.48 |
Other Income |
187.21 |
129.43 |
2.09 |
1.71 |
2.18 |
Total Interest Income |
1,237.11 |
813.16 |
578.79 |
558.00 |
552.71 |
Interest Expense, Deposits |
395.57 |
42.10 |
14.85 |
41.77 |
66.86 |
Interest Expense, Short-term Borrowings |
18.01 |
17.28 |
14.92 |
14.47 |
16.46 |
Other Intrest Expenses |
5.76 |
1.42 |
- |
- |
- |
Total Interest Expense |
419.34 |
60.80 |
29.76 |
56.24 |
83.31 |
Net Interest Income |
817.77 |
752.36 |
549.03 |
501.76 |
469.39 |
Provision
for loan losses |
89.43 |
63.91 |
-37.55 |
80.43 |
13.15 |
Total Net Interest Income |
728.34 |
688.44 |
586.58 |
421.33 |
456.24 |
Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions |
23.74 |
23.59 |
19.00 |
9.24 |
6.15 |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
24.33 |
26.56 |
59.60 |
64.61 |
65.57 |
Gain On Purchase Of Business |
- |
- |
- |
- |
- |
Fees Revenue Loss From Prepayment Of Debt |
- |
- |
- |
- |
- |
Other Lending And Loan Servicing Fees |
13.97 |
10.01 |
9.43 |
- |
- |
Federal Funds Sold Commercial Paper And Deposits In Banks |
24.70 |
7.93 |
2.09 |
1.71 |
2.18 |
Release Of Provision For Credit Losses |
- |
- |
- |
- |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
- |
- |
- |
- |
- |
Mortgage Loan Fees And Other Fees |
- |
- |
- |
- |
- |
Gain Loss On Sale Of Loans And Leases |
- |
- |
- |
- |
- |
Debt Securities Available For Sale Realized Gain Loss |
-53.33 |
-3.87 |
0.08 |
0.75 |
-1.02 |
Loss/ -Gain on Investment |
9.15 |
10.73 |
11.27 |
5.42 |
6.87 |
Other Non-Interest Income |
32.93 |
62.76 |
56.36 |
74.38 |
24.96 |
Total Noninterest Income |
75.48 |
137.71 |
157.82 |
156.11 |
104.71 |
Total Revenues |
803.82 |
826.15 |
744.40 |
577.43 |
560.96 |
Salaries & employee benefits, SGA |
9.47 |
8.38 |
247.35 |
239.26 |
202.61 |
Restructuring, Accretion & impairment charges |
27.21 |
19.38 |
13.97 |
7.02 |
6.91 |
Other Operating Costs |
- |
- |
10.86 |
10.99 |
9.42 |
Depriciation & Amortization |
15.18 |
6.83 |
4.05 |
4.17 |
4.94 |
Foreclosed Real Estate Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
42.64 |
36.25 |
58.45 |
52.94 |
47.96 |
Professional Fees |
26.73 |
20.17 |
20.59 |
18.03 |
17.03 |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Supplies and Postage Expense |
9.47 |
8.75 |
7.11 |
6.78 |
6.37 |
Federal Deposit Insurance Corporation Premium Expense |
27.45 |
9.89 |
7.40 |
5.98 |
4.90 |
Other Noninterest Expense |
30.10 |
24.14 |
17.39 |
15.30 |
15.09 |
Noninterest Expense Outside Services Electronic Banking |
11.58 |
12.58 |
9.48 |
7.51 |
7.02 |
Other loss/ -income |
371.45 |
323.79 |
- |
- |
- |
Total Operating
Expenses |
571.27 |
470.15 |
396.64 |
367.99 |
322.25 |
Total Costs & Expenses |
990.62 |
530.95 |
426.40 |
424.23 |
405.56 |
Income /-loss before income taxes |
232.55 |
356.00 |
347.76 |
209.45 |
238.71 |
Income taxes expenses/-benefit |
45.00 |
78.53 |
77.96 |
45.36 |
52.99 |
Income after income taxes |
180.85 |
269.14 |
261.27 |
159.27 |
184.35 |
Net income/-loss
of other equity |
-6.70 |
-8.34 |
-8.53 |
-4.82 |
-1.38 |
Income /-loss after income taxes |
180.85 |
269.14 |
261.27 |
159.27 |
184.35 |
Noncontrolling Interests |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
180.85 |
269.14 |
261.27 |
159.27 |
184.35 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
180.85 |
269.14 |
261.27 |
159.27 |
184.35 |