Banca Sistema S.p.A. (BIT: BST)

Banca Sistema 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	192.44	178.43	101.95	98.21	98.07	110.34
Interest Income on Investments	0.23	0.23	0.23	0.23	0.23	0.23
Total Interest Income	192.66	178.66	102.17	98.44	98.29	110.56
Interest Paid on Deposits	143.02	111.48	16.52	16.25	23.24	29.64
Net Interest Income	49.65	67.18	85.66	82.19	75.06	80.92
Net Interest Income Growth (YoY)	-29.45%	-21.57%	4.22%	9.50%	-7.24%	8.19%
Income From Trading Activities	26.87	2.77	-1.52	0.02	0.04	0.21
Gain (Loss) on Sale of Investments	2.85	1.52	0.91	4.12	6.34	2.5
Other Non-Interest Income	25.53	19.65	16.71	15.66	17.43	16.07
Total Non-Interest Income	67.39	36.55	20.1	25.79	28.02	19.88
Non-Interest Income Growth (YoY)	158.43%	81.85%	-22.08%	-7.94%	40.94%	22.02%
Revenues Before Loan Losses	117.04	103.73	105.75	107.98	103.08	100.8
Provision for Loan Losses	5.65	4.75	8.36	10.65	10.95	8.95
Revenue	111.39	98.98	97.4	97.33	92.13	91.85
Revenue Growth (YoY)	23.14%	1.63%	0.07%	5.65%	0.30%	8.99%
Salaries and Employee Benefits	33.53	29.52	26.03	28.98	25.53	22.3
Occupancy Expenses	2.57	2.68	2.68	2.47	1.88	1.5
Amortization of Goodwill & Intangibles	0.74	0.6	0.31	0.24	0.08	0.13
Selling, General & Administrative	31.27	32	27	29.55	21.76	20.48
Other Non-Interest Expense	14.11	8.45	7.41	0.82	4.34	5.12
Total Non-Interest Expense	82.22	73.25	63.42	62.06	53.58	49.54
EBT Excluding Unusual Items	29.18	25.73	33.97	35.28	38.55	42.31
Other Unusual Items	-	-	-0.8	-0.82	0.02	-
Pretax Income	29.18	25.73	33.17	34.46	36.86	41.35
Income Tax Expense	10.73	8.5	10.66	10.92	11.19	12.19
Earnings From Continuing Operations	18.44	17.23	22.51	23.54	25.67	29.16
Earnings From Discontinued Operations	-	-	-0.02	-0.02	-	0.56
Minority Interest in Earnings	-0.97	-0.72	-0.46	-0.27	0.48	-
Net Income	17.47	16.51	22.03	23.25	26.15	29.72
Net Income to Common	17.47	16.51	22.03	23.25	26.15	29.72
Net Income Growth	12.38%	-25.09%	-5.23%	-11.10%	-12.00%	9.39%
Basic Shares Outstanding	-	80	80	80	80	80
Diluted Shares Outstanding	-	80	80	80	80	80
Shares Change (YoY)	-	0.13%	-0.35%	0.17%	-0.03%	-0.08%
EPS (Basic)	-	0.21	0.28	0.29	0.33	0.37
EPS (Diluted)	-	0.21	0.27	0.29	0.32	0.37
EPS Growth	-	-25.18%	-4.84%	-9.97%	-13.29%	9.48%
Dividend Per Share	0.065	0.065	0.065	0.072	0.080	0.093
Dividend Growth	0%	0%	-9.72%	-10.00%	-13.98%	6.90%
Effective Tax Rate	36.79%	33.04%	32.13%	31.68%	30.37%	29.49%

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