Credito Emiliano S.p.A. (BIT: CE)

Credito Emiliano 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	2,131	1,894	862.09	584.08	552.24	586.92
Interest Income on Investments	42.29	40.39	30.78	0.17	0.47	0.26
Total Interest Income	2,173	1,935	892.88	584.24	552.71	587.18
Interest Paid on Deposits	883.79	722.82	147.67	94.45	66.18	106.75
Net Interest Income	1,289	1,212	745.21	489.8	486.54	480.43
Net Interest Income Growth (YoY)	15.10%	62.61%	52.15%	0.67%	1.27%	-1.64%
Income From Trading Activities	27.99	35.57	13.12	14.39	25.5	20.26
Gain (Loss) on Sale of Investments	137.44	102.97	-52.72	198.38	137.37	157.48
Other Non-Interest Income	504.12	530.52	701	613.42	504.52	507.53
Total Non-Interest Income	679.29	670.49	692.83	829.32	684.04	696.9
Non-Interest Income Growth (YoY)	-2.04%	-3.23%	-16.46%	21.24%	-1.84%	9.38%
Revenues Before Loan Losses	1,969	1,882	1,438	1,319	1,171	1,177
Provision for Loan Losses	61.88	58.77	55.85	28.72	103.94	62.84
Revenue	1,907	1,823	1,382	1,290	1,067	1,114
Revenue Growth (YoY)	8.34%	31.93%	7.11%	20.98%	-4.29%	5.00%
Salaries and Employee Benefits	603.93	579.1	546.27	550.68	513.12	510.27
Occupancy Expenses	44.67	46.07	44.43	43.91	41.16	42.53
Amortization of Goodwill & Intangibles	62.3	58.86	53.23	49.3	45.25	39.41
Selling, General & Administrative	183.23	171.84	171.18	158.78	123.93	230.61
Other Non-Interest Expense	111.48	137.21	93.68	109.81	89	2.78
Total Non-Interest Expense	997.99	988.12	901.82	906.15	806	821.91
EBT Excluding Unusual Items	908.73	835.38	480.37	384.25	260.64	292.59
Asset Writedown	-0.01	-0.01	-	-	-	-
Legal Settlements	-1.71	-1.71	1.23	-3.91	-4.11	5.89
Other Unusual Items	-8.52	-8.52	-6.41	85.84	-4	-2.1
Pretax Income	898.49	825.14	475.19	466.18	252.53	296.39
Income Tax Expense	289.53	263.02	149.05	113.59	50.8	95.08
Earnings From Continuing Operations	608.96	562.12	326.14	352.59	201.73	201.31
Minority Interest in Earnings	0.02	-	-0.02	-0.17	-0.13	-
Net Income	608.97	562.12	326.12	352.43	201.6	201.31
Preferred Dividends & Other Adjustments	-	-	-	-	-	0.08
Net Income to Common	608.97	562.12	326.12	352.43	201.6	201.23
Net Income Growth	12.96%	72.37%	-7.46%	74.82%	0.14%	7.85%
Basic Shares Outstanding	-	340	340	335	332	331
Diluted Shares Outstanding	-	340	340	335	332	331
Shares Change (YoY)	-	-0.13%	1.55%	1.10%	0.15%	-0.04%
EPS (Basic)	-	1.65	0.96	1.05	0.61	0.61
EPS (Diluted)	-	1.65	0.93	1.05	0.61	0.61
EPS Growth	-	77.42%	-11.43%	72.69%	0.03%	8.54%
Dividend Per Share	0.450	0.450	0.330	0.300	0.200	-
Dividend Growth	36.36%	36.36%	10.00%	50.00%	-	-
Effective Tax Rate	32.22%	31.88%	31.37%	24.37%	20.12%	32.08%

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