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 · Selected Financial Information
Selected Financial Information
The executive management and Board of Directors of the Company evaluate key performance indicators (KPIs) on a continuing basis. These KPIs serve as benchmarks of Company performance and are used in making strategic decisions and, in some cases, are utilized for purposes of setting performance targets for our executive officers' incentive-based cash compensation. The following table represents the KPIs that management has determined to be important in making decisions for the Bank, in each case as of and for the year ended December 31, 2023, 2022 and 2021:
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| PER SHARE DATA: | |||
| Basic earnings per common share (GAAP) | $4.21 | $4.66 | $4.44 |
| Pre-tax pre-provision basic earnings per share (1) | $5.70 | $6.66 | $5.89 |
| Diluted earnings per common share (GAAP) | $4.20 | $4.65 | $4.43 |
| Cash dividends per common share | $1.50 | $1.85 | $1.35 |
| Dividends declared per common share as a percentage of basic earnings per common share | 35.63% | 39.70% | 30.41% |
(1)
Excludes income tax expense, and for 2023 and 2022 provision for credit losses-loans, provision for credit losses-available for sale securities, and provision for credit losses on off-balance sheet exposures. For 2021 excludes income tax expense, provision for loan losses, and provision for off-balance sheet exposures.
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| PERFORMANCE RATIOS: | |||
| Return on average shareholders' equity (GAAP) (1) | 12.47% | 14.36% | 12.45% |
| Pre-tax pre-provision return on average shareholders' equity (2) | 16.86% | 20.51% | 16.52% |
| Return on average assets (GAAP) (3) | 1.08% | 1.29% | 1.35% |
| Pre-tax pre-provision return on average assets (2) | 1.47% | 1.84% | 1.79% |
| Efficiency ratio (GAAP) (4) | 60.38% | 55.11% | 56.60% |
(1)
Return on average shareholders' equity is the result of net income divided by average shareholders' equity.
(2)
Excludes income tax expense, and for 2023 and 2022 provision for credit losses-loans, provision for credit losses-available for sale securities, and provision for credit losses on off-balance sheet exposures. For 2021 excludes income tax expense, provision for loan losses, and provision for off-balance sheet exposures.
(3)
Return on average assets is the result of net income divided by average assets.
(4)
Efficiency ratio is the ratio of noninterest expense to the sum of net interest income and non-interest income.
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| BALANCE SHEET RATIOS: | ||
| Total capital to assets ratio | 8.86% | 8.41% |
| Equity to asset ratio (Average equity divided by average total assets) | 8.69% | 8.99% |
| Tier 1 capital to average assets | 10.60% | 11.18% |
| Non-performing asset ratio | 0.03% | 0.02% |
| Book value per common share | $36.74 | $31.42 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.