Salisbury Bancorp, Inc. (SAL) Income Statement Analysis

See more : AXIS Capital Holdings Limited (AXS-PE) Income Statement Analysis – Financial Results

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

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Salisbury Bancorp, Inc. (SAL)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.salisburybank.com

About Salisbury Bancorp, Inc.

Salisbury Bancorp, Inc. operates as the bank holding company for Salisbury Bank and Trust Company that provides commercial banking, consumer financing, retail banking, and trust and wealth advisory services. It offers various retail and commercial deposit products. The company also provides loans, such as residential and commercial real estate loans; construction loans; working capital loans; equipment loans; and consumer loans, including home equity loans and lines of credit, collateral loans, and auto and personal installment loans. In addition, it offers a range of fiduciary services, including trust and estate administration, wealth advisory, and investment management services to individuals, families, businesses, and institutions. Further, the company provides additional depositor related services consisting of landlord/tenant lease security accounts and services, merchant services, payroll services, ATM services, bank-by-phone services, Internet banking services, Internet bill pay services, person to person payments, bank to bank transfers, mobile banking services with remote deposit, and online financial management with account aggregation services, as well as cash management services, including remote deposit capture, ACH origination, wire transfers, and positive pay services. It operates through a network of 14 banking offices and 10 ATMs located in Litchfield County, Connecticut; Dutchess, Orange, and Ulster Counties, New York; and Berkshire County, Massachusetts. The company was founded in 1848 and is headquartered in Lakeville, Connecticut.

Metric	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997
Revenue	56.37M	51.67M	48.15M	42.93M	41.52M	37.34M	37.50M	38.35M	25.95M	24.47M	24.98M	24.14M	22.47M	22.42M	20.93M	18.18M	17.85M	18.33M	15.65M	14.02M	12.38M	11.18M	10.25M	9.80M	9.10M	8.40M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	56.37M	51.67M	48.15M	42.93M	41.52M	37.34M	37.50M	38.35M	25.95M	24.47M	24.98M	24.14M	22.47M	22.42M	20.93M	18.18M	17.85M	18.33M	15.65M	14.02M	12.38M	11.18M	10.25M	9.80M	9.10M	8.40M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	20.58M	18.98M	16.83M	16.69M	16.86M	15.40M	15.42M	14.69M	11.91M	10.74M	10.55M	12.06M	11.26M	12.25M	8.33M	7.72M	7.15M	7.36M	5.97M	4.83M	4.24M	3.83M	3.40M	2.90M	2.60M	2.40M
Selling & Marketing	822.00K	881.00K	573.00K	619.00K	815.00K	793.00K	686.00K	593.00K	409.00K	393.00K	356.00K	343.00K	319.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	21.41M	19.86M	17.40M	17.31M	17.68M	16.19M	16.11M	15.28M	12.31M	11.13M	10.90M	12.40M	11.58M	12.25M	8.33M	7.72M	7.15M	7.36M	5.97M	4.83M	4.24M	3.83M	3.40M	2.90M	2.60M	2.40M
Other Expenses	-12.24M	-50.79M	-51.15M	-46.74M	-44.14M	-44.36M	-44.33M	-41.61M	-35.13M	-30.62M	-30.82M	-31.48M	-29.69M	1.13M	-28.57M	-21.24M	-19.31M	-20.01M	-16.82M	-13.75M	-12.31M	-10.74M	-9.44M	-8.50M	-8.10M	-7.20M
Operating Expenses	9.17M	-30.93M	-33.75M	-29.43M	-24.34M	-28.17M	-28.22M	-26.33M	-22.81M	-19.48M	-19.92M	-19.08M	-18.11M	13.38M	-20.24M	-13.51M	-12.16M	-12.65M	-10.85M	-8.91M	-8.07M	-6.90M	-6.04M	-5.60M	-5.50M	-4.80M
Cost & Expenses	9.17M	-30.93M	-33.75M	-29.43M	-24.34M	-28.17M	-28.22M	-26.33M	-22.81M	-19.48M	-19.92M	-19.08M	-18.11M	13.38M	-20.24M	-13.51M	-12.16M	-12.65M	-10.85M	-8.91M	-8.07M	-6.90M	-6.04M	-5.60M	-5.50M	-4.80M
Interest Income	50.01M	44.07M	43.43M	43.41M	40.37M	35.52M	34.45M	34.57M	22.86M	21.75M	22.66M	24.04M	24.66M	25.89M	26.56M	26.15M	23.73M	20.82M	16.55M	15.65M	16.16M	17.09M	16.51M	14.50M	13.40M	12.60M
Interest Expense	4.97M	3.45M	5.29M	9.30M	7.22M	4.24M	3.85M	3.03M	2.70M	3.06M	4.28M	5.56M	7.50M	9.03M	10.83M	12.43M	10.46M	7.35M	5.66M	5.61M	6.90M	8.30M	8.29M	6.70M	6.10M	5.70M
Depreciation & Amortization	191.00K	255.00K	321.00K	388.00K	454.00K	533.00K	601.00K	652.00K	290.00K	222.00K	222.00K	1.35M	419.00K	1.03M	1.05M	875.85K	850.33K	1.03M	963.53K	799.06K	900.59K	310.47K	203.00K	200.00K	200.00K	300.00K
EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.73M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA Ratio	43.60%	40.63%	30.56%	32.34%	47.99%	25.99%	26.33%	33.04%	13.19%	21.30%	21.17%	26.58%	21.24%	15.39%	8.28%	30.50%	36.66%	36.56%	36.80%	42.13%	42.06%	40.99%	43.03%	44.90%	41.76%	46.43%
Operating Income	24.39M	20.74M	14.39M	13.50M	17.75M	9.17M	9.27M	12.02M	3.13M	4.99M	5.07M	5.06M	4.35M	2.42M	684.60K	4.67M	5.70M	5.68M	4.79M	5.11M	4.31M	4.27M	4.21M	4.20M	3.60M	3.60M
Operating Income Ratio	43.26%	40.14%	29.89%	31.44%	42.76%	24.56%	24.73%	31.34%	12.07%	20.40%	20.28%	20.97%	19.38%	10.78%	3.27%	25.68%	31.90%	30.97%	30.64%	36.43%	34.78%	38.22%	41.05%	42.86%	39.56%	42.86%
Total Other Income/Expenses	-27.79M	0.00	0.00	0.00	-7.22M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income Before Tax	19.41M	20.74M	14.39M	13.50M	10.53M	9.17M	9.27M	12.02M	3.13M	4.99M	5.07M	5.06M	4.35M	2.42M	684.60K	4.67M	5.70M	5.68M	4.79M	5.11M	4.31M	4.27M	4.21M	4.20M	3.60M	3.60M
Income Before Tax Ratio	34.44%	40.14%	29.89%	31.44%	25.37%	24.56%	24.73%	31.34%	12.07%	20.40%	20.28%	20.97%	19.38%	10.78%	3.27%	25.68%	31.90%	30.97%	30.64%	36.43%	34.78%	38.22%	41.05%	42.86%	39.56%	42.86%
Income Tax Expense	3.54M	4.27M	2.45M	2.36M	1.71M	2.91M	2.59M	3.56M	610.00K	909.00K	989.00K	950.00K	693.00K	-49.00K	-421.29K	870.01K	1.44M	1.11M	774.95K	1.27M	1.11M	1.37M	1.36M	1.50M	1.30M	1.40M
Net Income	15.87M	16.47M	11.94M	11.14M	8.82M	6.26M	6.69M	8.46M	2.52M	4.08M	4.08M	4.11M	3.66M	2.47M	1.11M	3.80M	4.25M	4.56M	4.02M	3.84M	3.20M	2.90M	2.85M	2.70M	2.30M	2.20M
Net Income Ratio	28.16%	31.88%	24.80%	25.94%	21.25%	16.75%	17.83%	22.05%	9.72%	16.68%	16.32%	17.03%	16.29%	11.00%	5.28%	20.90%	23.83%	24.89%	25.68%	27.39%	25.84%	25.96%	27.80%	27.55%	25.27%	26.19%
EPS	2.82	2.88	2.11	1.98	1.56	1.13	1.22	1.52	0.66	1.15	1.14	1.06	0.95	0.63	0.33	1.13	1.26	1.36	1.34	1.35	1.13	1.01	0.96	0.89	0.74	0.70
EPS Diluted	2.80	2.86	2.10	1.97	1.56	1.12	1.21	1.51	0.66	1.15	1.14	1.06	0.95	0.62	0.33	1.13	1.26	1.36	1.34	1.35	1.13	1.01	0.96	0.89	0.74	0.70
Weighted Avg Shares Out	5.67M	5.62M	5.60M	5.56M	5.60M	5.51M	5.46M	5.46M	5.44M	3.41M	3.39M	3.38M	3.37M	3.37M	3.37M	3.36M	3.36M	3.37M	3.01M	2.84M	2.84M	2.86M	2.97M	3.03M	3.11M	3.12M
Weighted Avg Shares Out (Dil)	5.67M	5.67M	5.61M	5.59M	5.64M	5.54M	5.50M	5.50M	5.44M	3.41M	3.39M	3.38M	3.37M	3.37M	3.37M	3.36M	3.36M	3.37M	3.01M	2.84M	2.85M	2.88M	2.97M	3.03M	3.13M	3.15M

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Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Salisbury Bancorp (SAL) have what it takes?

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Salisbury Bancorp, Inc. Announces Redemption of 2015 Subordinated Notes

April 23, 2021globenewswire.com

LAKEVILLE, Conn., April 23, 2021 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury”), (NASDAQ: “SAL”), the holding company for Salisbury Bank and Trust Company (the “Bank”), announced its intent to redeem all of its Subordinated Debt Securities issued by Salisbury on...

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April 21, 2021zacks.com

Salisbury Bancorp (SAL) delivered earnings and revenue surprises of 11.19% and 7.24%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Salisbury Bancorp, Inc. Announces Completion of $25.0 Million Private Placement of Subordinated Notes

March 31, 2021globenewswire.com

LAKEVILLE, Conn., March 31, 2021 (GLOBE NEWSWIRE) -- Salisbury Bancorp, Inc. (“Salisbury” or the “Company”), (NASDAQ: “SAL”) the holding company for Salisbury Bank and Trust Company (the “Bank”), announced today the completion of a private placement of $25.0 million in...