WILSON BANK HOLDING CO
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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EX-13.1 · Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures
| December 31, 2023 | December 31, 2022 | December 31, 2021 | |
|---|---|---|---|
| Pre-tax pre-provision income: | |||
| Net income attributable to common shareholders (GAAP) | $48,938 | $53,042 | $49,426 |
| Add: provision for credit losses - loans | 6,300 | 8,656 | 1,143 |
| Add: provision expense (benefit) for credit losses on off-balance sheet exposures | (2,989) | (1,014) | 262 |
| Add: Provision for credit losses - available-for-sale securities | — | — | — |
| Add: income tax expense | 13,939 | 15,056 | 14,732 |
| Pre-tax pre-provision income | $66,188 | $75,740 | $65,563 |
| Pre-tax pre-provision basic earnings per share: | |||
| Pre-tax pre-provision income | $66,188 | $75,740 | $65,563 |
| Weighted average shares | 11,611,690 | 11,377,617 | 11,131,897 |
| Basic earnings per common share (GAAP) | $4.21 | $4.66 | $4.44 |
| Provision for credit losses - loans | $0.54 | $0.76 | $0.10 |
| Provision expense (benefit) for credit losses on off-balance sheet exposures | $(0.26) | $(0.09) | $0.02 |
| Provision for credit losses - available-for-sale securities | $— | $— | $— |
| Income tax expense | $1.21 | $1.33 | $1.33 |
| Pre-tax pre-provision basic earnings per common share | $5.70 | $6.66 | $5.89 |
| Pre-tax pre-provision return on average assets: | |||
| Pre-tax pre-provision income | $66,188 | $75,740 | $65,563 |
| Average assets | 4,517,697 | 4,107,738 | 3,653,528 |
| Return on average assets (GAAP) | 1.08% | 1.29% | 1.35% |
| Provision for credit losses - loans | 0.14% | 0.21% | 0.03% |
| Provision expense (benefit) for credit losses on off-balance sheet exposures | (0.07)% | (0.02)% | 0.01% |
| Provision for credit losses - available-for-sale securities | —% | —% | —% |
| Income tax expense | 0.32% | 0.36% | 0.40% |
| Pre-tax pre-provision return on average assets | 1.47% | 1.84% | 1.79% |
| Pre-tax pre-provision return on average shareholders' equity: | |||
| Pre-tax pre-provision income | $66,188 | $75,740 | $65,563 |
| Average total shareholders' equity | 392,466 | 369,314 | 396,879 |
| Return on average shareholders' equity (GAAP) | 12.47% | 14.36% | 12.45% |
| Provision for credit losses - loans | 1.61% | 2.34% | 0.29% |
| Provision expense (benefit) for credit losses on off-balance sheet exposures | (0.76)% | (0.27)% | 0.07% |
| Provision for credit losses - available-for-sale securities | —% | —% | —% |
| Income tax expense | 3.54% | 4.08% | 3.71% |
| Pre-tax pre-provision return on average shareholders' equity | 16.86% | 20.51% | 16.52% |
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