Banca IFIS S.p.A. (BIT: IF)

Banca IFIS 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	845.87	774.43	529.1	479.62	446.94	453.34
Interest Income on Investments	16.05	16.17	9.85	7.5	3.03	0.81
Total Interest Income	861.92	790.6	538.95	487.12	449.96	454.16
Interest Paid on Deposits	423.47	343.06	114.23	114.15	107.71	114.34
Net Interest Income	438.45	447.54	424.72	372.97	342.25	339.82
Net Interest Income Growth (YoY)	-1.39%	5.37%	13.87%	8.98%	0.72%	2.53%
Income From Trading Activities	1.47	-5.31	0.63	-1.22	-3.49	-4.49
Gain (Loss) on Sale of Assets	0.78	0.78	0.47	0.07	-0.53	-1.87
Gain (Loss) on Sale of Investments	19.06	16.81	12.09	15.95	21.7	-8.96
Other Non-Interest Income	93.67	98.12	93.51	83.28	74.89	94.08
Total Non-Interest Income	137.27	123.3	121.95	107.18	99.87	96.49
Non-Interest Income Growth (YoY)	1.23%	1.11%	13.77%	7.32%	3.51%	1.26%
Revenues Before Loan Losses	575.72	570.84	546.66	480.16	442.12	436.31
Provision for Loan Losses	-102.78	-79.34	-55.13	-45.37	49.5	-32.57
Revenue	678.5	650.18	601.8	525.53	392.62	468.87
Revenue Growth (YoY)	5.72%	8.04%	14.51%	33.85%	-16.26%	0.66%
Salaries and Employee Benefits	168.86	162.69	150.08	141.78	123.37	129.96
Occupancy Expenses	10.87	9.72	9.5	10.29	9.03	7.96
Amortization of Goodwill & Intangibles	9.11	7.99	7.42	8.45	8.79	7.88
Selling, General & Administrative	238.69	221.82	200.41	192.34	190.82	214.28
Other Non-Interest Expense	6.85	11.42	21.87	25.56	-7.72	-20.82
Total Non-Interest Expense	434.38	413.65	389.27	378.42	324.28	339.25
EBT Excluding Unusual Items	244.12	236.53	212.53	147.11	68.34	129.62
Other Unusual Items	1.03	1.03	0.03	2.77	24.24	46.2
Pretax Income	245.15	237.56	211.8	149.87	91.88	175.82
Income Tax Expense	80.78	75.64	69.91	47.57	22.74	52.63
Earnings From Continuing Operations	164.38	161.92	141.89	102.3	69.14	123.19
Minority Interest in Earnings	-1.69	-1.81	-0.8	-1.72	-0.34	-0.09
Net Income	162.69	160.11	141.09	100.58	68.8	123.1
Net Income to Common	162.69	160.11	141.09	100.58	68.8	123.1
Net Income Growth	1.93%	13.48%	40.27%	46.19%	-44.11%	-16.13%
Basic Shares Outstanding	52	52	53	53	53	53
Diluted Shares Outstanding	53	53	53	53	53	53
Shares Change (YoY)	0.84%	-0.26%	-1.42%	0.02%	0.02%	0.02%
EPS (Basic)	3.10	3.05	2.68	1.88	1.29	2.30
EPS (Diluted)	3.06	3.05	2.68	1.88	1.29	2.30
EPS Growth	0.92%	13.90%	42.44%	46.07%	-44.04%	-16.25%
Dividend Per Share	0.900	2.100	1.400	0.950	0.470	1.100
Dividend Growth	-43.75%	50.00%	47.37%	102.13%	-57.27%	4.76%
Effective Tax Rate	32.95%	31.84%	33.01%	31.74%	24.75%	29.94%

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