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Income Statement
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Village Bank & Trust Financial Corp. (VBFC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  24.826.624.822.019.916.415.614.8
        Interest income on investments  2.21.11.01.11.10.80.40.6
        Interest income on repurchase agreements  0.50.10.10.30.10.10.10.1
       27.527.725.823.521.117.316.015.5
    Interest expense:  
        Interest on deposits  1.11.63.13.92.82.42.42.5
       1.82.24.45.33.92.72.62.9
Net interest income  25.725.521.418.217.214.613.412.6
Provision for loan losses  -0.3-0.51.00.1   -2.0
Net interest income after provision for loan losses  26.026.020.418.017.214.613.414.6
        Gain on sale of investments, net       -0.1  
        Other non-interest income  6.612.312.27.96.26.710.910.1
Total non-interest income  6.612.312.27.96.26.610.910.1
Non-interest expenses  22.322.521.620.319.619.721.924.0
Pre-tax income before non-recurring items  10.315.911.05.73.81.73.13.3
Non-recurring items    0.0   0.7 
Asset impairment     0.00.10.2 2.6
Pre-tax income  10.315.911.05.63.71.52.30.6
Income taxes  2.03.42.51.20.74.6-11.20.0
            Tax rate  19.3%21.5%22.5%20.6%18.6%310.5% 0.0%
Net income  8.312.58.64.52.9-3.612.86.6
            Net margin  25.5%32.5%26.2%17.3%12.5%-17.0%52.7%26.7%
   
Basic EPS  $5.62$8.48$5.86$3.10$2.04($2.55)$8.99$5.65
Diluted EPS  $5.62$8.48$5.86$3.10$2.04($2.55)$8.99$5.49
   
Shares outstanding (basic)  1.51.51.51.41.41.41.41.2
Shares outstanding (diluted)  1.51.51.51.41.41.41.41.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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