Savi Financial Corporation, Inc. (SVVB) Income Statement Analysis

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Complete financial analysis of Savi Financial Corporation, Inc. (SVVB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Savi Financial Corporation, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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Savi Financial Corporation, Inc. (SVVB)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.savibank.com

About Savi Financial Corporation, Inc.

Savi Financial Corporation, Inc. operates as a financial holding company for SaviBank that provides various commercial banking products and services for small and middle-market businesses, and individuals in and around Skagit, Island, and Whatcom counties in the United States. It offers checking accounts, savings accounts, money market accounts, certificates of deposit, and individual retirement accounts. The company also provides commercial real estate, commercial term, government guaranteed small business lending, and small business administration disaster loans, as well as commercial lines of credit; home loans; and auto loans, boat or other recreational vehicle loans, home equity fixed rate loans, and home equity line of credit. In addition, it offers remote deposit capture services; merchant card services; cash management services, such as ACH transactions, account transfer, bill pay, and online wire transfer services; and credit and debit cards. Further, the company provides online banking services. It operates through nine branch locations in Anacortes, Burlington, Bellingham, Concrete, Mt.Vernon, Oak Harbor, Sedro-Woolley, and Freeland, Washington. Savi Financial Corporation, Inc. was founded in 2005 and is based in Burlington, Washington.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	23.53M	26.87M	23.70M	17.63M	16.29M	13.44M	11.01M	8.44M	6.27M	5.38M	4.68M
Cost of Revenue	-8.61M	0.00	0.00	0.00	-1.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	32.15M	26.87M	23.70M	17.63M	16.29M	13.44M	11.01M	8.44M	6.27M	5.38M	4.68M
Gross Profit Ratio	136.60%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	439.54K	421.76K	432.49K	178.72K	603.71K	557.14K	520.56K	552.33K	636.36K	577.54K
Selling & Marketing	0.00	0.00	13.13M	9.27M	8.37M	6.70M	5.87M	4.65M	3.90M	3.45M	2.88M
SG&A	-32.20M	439.54K	421.76K	432.49K	178.72K	7.30M	6.43M	5.17M	4.45M	4.08M	3.46M
Other Expenses	0.00	-3.79M	-3.39M	-2.53M	-2.33M	-1.64M	-1.52M	-1.43M	0.00	0.00	0.00
Operating Expenses	-32.20M	3.79M	3.39M	2.53M	2.33M	1.64M	1.52M	1.43M	5.57M	5.25M	4.55M
Cost & Expenses	32.01M	22.28M	19.23M	15.92M	14.49M	10.60M	8.67M	7.26M	5.57M	5.25M	4.55M
Interest Income	0.00	20.22M	18.44M	16.27M	15.10M	11.52M	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.00	1.64M	1.55M	2.66M	3.20M	279.77K	336.01K	216.46K	0.00	0.00	0.00
Depreciation & Amortization	1.16M	1.03M	842.03K	731.97K	564.04K	382.96K	338.48K	279.07K	-982.04K	-696.45K	-696.55K
EBITDA	1.10M	5.62M	5.41M	2.45M	2.36M	3.23M	2.68M	1.45M	-279.55K	-558.84K	-560.39K
EBITDA Ratio	4.68%	24.29%	-2.32%	-1.59%	-1.24%	-0.82%	-1.06%	104.04%	-4.46%	-10.38%	-11.97%
Operating Income	-55.77K	4.59M	5.06M	1.99M	2.00M	2.96M	2.46M	1.51M	982.04K	696.45K	696.55K
Operating Income Ratio	-0.24%	17.09%	21.35%	11.31%	12.29%	21.99%	22.35%	17.86%	15.67%	12.94%	14.88%
Total Other Income/Expenses	-229.00	-1.03M	39.71K	0.00	3.55K	0.00	-1.08M	0.00	0.00	-1.16M	-1.08M
Income Before Tax	-56.00K	4.59M	4.51M	1.71M	1.80M	2.84M	2.34M	1.17M	702.49K	137.61K	136.16K
Income Before Tax Ratio	-0.24%	17.09%	19.03%	9.72%	11.05%	21.16%	21.29%	13.93%	11.21%	2.56%	2.91%
Income Tax Expense	-104.00K	870.14K	926.22K	363.07K	387.45K	605.43K	2.26M	-4.55M	-279.55K	-558.84K	-560.39K
Net Income	47.80K	3.72M	3.58M	1.35M	1.41M	2.24M	88.73K	5.73M	702.49K	137.61K	136.16K
Net Income Ratio	0.20%	13.85%	15.12%	7.66%	8.67%	16.66%	0.81%	67.91%	11.21%	2.56%	2.91%
EPS	0.01	1.08	1.04	0.39	0.41	0.65	0.03	2.45	0.06	0.01	0.02
EPS Diluted	0.01	1.08	1.04	0.39	0.41	0.65	0.03	2.45	0.06	0.01	0.02
Weighted Avg Shares Out	4.29M	3.44M	3.44M	3.43M	3.43M	3.42M	3.42M	2.34M	11.63M	10.73M	5.83M
Weighted Avg Shares Out (Dil)	4.29M	3.44M	3.44M	3.43M	3.43M	3.42M	3.42M	2.34M	11.63M	10.73M	5.83M

Savi Financial Corporation Reports Results for the First Quarter of 2024

May 1, 2024globenewswire.com

MOUNT VERNON, Wash., May 01, 2024 (GLOBE NEWSWIRE) -- Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today announced a net loss of $416,000, or a loss of $0.09 per diluted share, for the first...

Harborstone Credit Union Announces Agreement to Acquire SaviBank

March 22, 2024globenewswire.com

MOUNT VERNON, Wash., March 22, 2024 (GLOBE NEWSWIRE) -- Savi Financial Corporation, Inc. (“Savi Financial”) (OTC Pink: SVVB), the bank holding company for SaviBank, today announced that it has signed a definitive merger agreement whereby Lakewood, WA. based Harborstone Credit...

Savi Financial Corporation Reports Results for the Fourth Quarter and the Year 2023

January 30, 2024globenewswire.com

MOUNT VERNON, Wash., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today announced that following a pre-tax $1.83 million in one-time costs associated with the Orca Bank formation, the...

Savi Financial Corporation Earns $559,000 in the Third Quarter of 2023; Results Reflect Robust Loan Growth and Strong Credit Quality

October 30, 2023globenewswire.com

MOUNT VERNON, Wash., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today reported net income of $559,000, or $0.13 per diluted share, for the third quarter of 2023, compared...

Savi Financial Corporation Receives FDIC Regulatory Approval for De Novo Bank Formation

August 22, 2023globenewswire.com

MOUNT VERNON, Wash., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Savi Financial Corporation, Inc. (OTC Pink: SVVB) (the “Company”), the bank holding company for SaviBank (the “Bank”), today announced that it has received regulatory approval from the Federal Deposit Insurance Corporation...

Savi Financial Corporation Earns $561,000 in the Second Quarter of 2023; Highlighted by Steady Balance Sheet Growth and Strong Credit Quality

July 31, 2023globenewswire.com

MOUNT VERNON, Wash., July 31, 2023 (GLOBE NEWSWIRE) -- Savi Financial Corporation, Inc. (OTC Pink: SVVB), the bank holding company for SaviBank, today reported net income of $561,000, or $0.13 per diluted share, for the second quarter of 2023, compared...