Van Lanschot Kempen NV (AMS: VLK)

Van Lanschot Kempen NV Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	414.12	347.24	220.96	205.56	212.54	236.17
Interest Income on Investments	245.19	179.42	33.21	28.35	28.06	32.12
Total Interest Income	659.3	526.65	254.17	233.91	240.59	268.28
Interest Paid on Deposits	279.1	183.73	64.73	50.06	46.01	49.91
Interest Paid on Borrowings	199.1	146.12	37.82	35.4	42.79	43.47
Total Interest Expense	478.21	329.85	102.55	85.46	88.8	93.39
Net Interest Income	181.1	196.81	151.62	148.45	151.79	174.9
Net Interest Income Growth (YoY)	-10.62%	29.80%	2.14%	-2.20%	-13.21%	-0.18%
Gain (Loss) on Sale of Investments	0.09	-1.63	-2.61	9.28	0.18	0.74
Gain (Loss) on Sale of Equity Investments	32.47	32.24	16.37	28.74	12.78	33.43
Other Non-Interest Income	501.72	441.96	412.94	418.39	277.99	344.24
Total Non-Interest Income	534.28	472.57	426.69	456.41	290.95	378.41
Non-Interest Income Growth (YoY)	30.37%	10.75%	-6.51%	56.87%	-23.11%	13.99%
Revenues Before Loan Losses	715.38	669.37	578.32	604.86	442.74	553.31
Provision for Loan Losses	5.61	2.03	-14.55	-11.68	1.87	-12.06
Revenue	709.77	667.35	592.87	616.54	440.87	565.37
Revenue Growth (YoY)	14.17%	12.56%	-3.84%	39.85%	-22.02%	8.74%
Salaries and Employee Benefits	340.1	329.73	316.79	279.81	246.72	246.53
Occupancy Expenses	19.87	17.79	31.54	29.4	24.71	25.2
Selling, General & Administrative	132.4	133.25	117.3	128.58	115.22	139.11
Other Non-Interest Expense	-	-	-0	-	-	-0
Total Non-Interest Expense	492.36	480.77	465.63	437.79	386.66	410.84
EBT Excluding Unusual Items	217.4	186.57	127.24	178.75	54.21	154.53
Asset Writedown	-	-	-8.26	-0.3	-	-
Other Unusual Items	-16.4	-16.4	-	-	-	-
Pretax Income	194	164.17	118.98	178.45	54.21	119.53
Income Tax Expense	46.18	39.02	34.68	34.64	4.37	21.11
Earnings From Continuing Operations	147.82	125.16	84.3	143.81	49.84	98.42
Minority Interest in Earnings	-0.12	0.04	-0.15	-0.07	-0.09	-0.42
Net Income	147.7	125.2	84.16	143.73	49.76	97.99
Preferred Dividends & Other Adjustments	8.83	6.75	6.75	6.75	6.75	5.06
Net Income to Common	138.87	118.45	77.41	136.98	43.01	92.93
Net Income Growth	68.21%	48.77%	-41.45%	188.86%	-49.22%	31.30%
Basic Shares Outstanding	43	42	41	41	41	0
Diluted Shares Outstanding	43	43	43	41	41	0
Shares Change (YoY)	-1.47%	0.08%	3.66%	-0.31%	10187.83%	-
EPS (Basic)	3.27	2.82	1.90	3.35	1.05	232.32
EPS (Diluted)	3.25	2.78	1.82	3.34	1.05	232.32
EPS Growth	73.82%	52.75%	-45.51%	218.32%	-99.55%	24.52%
Dividend Per Share	2.000	2.000	1.750	2.000	0.700	149.940
Dividend Growth	14.29%	14.29%	-12.50%	185.71%	-99.53%	0%
Effective Tax Rate	23.80%	23.77%	29.15%	19.41%	8.06%	17.66%

Source: S&P Capital IQ. Banks template. Financial Sources.