UniCredit S.p.A. (BIT: UCG)

UniCredit 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	-	33,919	16,339	12,703	13,182	14,793
Interest Income on Investments	-	305	437	351	208	295
Total Interest Income	-	34,224	16,776	13,054	13,390	15,088
Interest Paid on Deposits	-	19,571	5,715	3,612	3,685	4,521
Net Interest Income	14,977	14,653	11,061	9,442	9,705	10,567
Net Interest Income Growth (YoY)	3.82%	32.47%	17.15%	-2.71%	-8.16%	-5.35%
Income From Trading Activities	2,329	2,264	859	1,472	678	1,298
Gain (Loss) on Sale of Investments	207	112	996	-1,797	-456	224
Other Non-Interest Income	6,978	6,390	7,051	6,747	5,883	6,340
Total Non-Interest Income	9,713	8,965	9,039	6,475	6,185	8,000
Non-Interest Income Growth (YoY)	8.76%	-0.82%	39.60%	4.69%	-22.69%	5.42%
Revenues Before Loan Losses	24,690	23,618	20,100	15,917	15,890	18,567
Provision for Loan Losses	695	661	2,031	1,630	4,640	3,478
Revenue	23,995	22,957	18,069	14,287	11,250	15,089
Revenue Growth (YoY)	7.23%	27.05%	26.47%	27.00%	-25.44%	-6.27%
Salaries and Employee Benefits	5,899	5,904	5,910	5,953	5,915	6,081
Occupancy Expenses	633	683	638	770	967	1,171
Amortization of Goodwill & Intangibles	429	429	514	485	453	482
Selling, General & Administrative	3,400	3,405	3,520	3,686	3,531	3,517
Other Non-Interest Expense	-896	-426	-122	-61	395	51
Total Non-Interest Expense	9,465	9,995	10,460	10,833	11,261	11,302
EBT Excluding Unusual Items	14,530	12,962	7,609	3,454	-11	3,787
Asset Writedown	-448	-448	-163	-108	-51	-360
Legal Settlements	-70	-70	-24	-281	-98	270
Other Unusual Items	66	66	191	50	6	-11
Pretax Income	13,203	11,451	7,289	1,779	-2,505	3,021
Income Tax Expense	2,614	1,917	819	-343	322	862
Earnings From Continuing Operations	10,589	9,534	6,470	2,122	-2,827	2,159
Earnings From Discontinued Operations	-	-	3	4	49	1,332
Minority Interest in Earnings	-28	-27	-15	-30	-7	-118
Net Income	10,561	9,507	6,458	2,096	-2,785	3,373
Preferred Dividends & Other Adjustments	175	175	74	30	122	124
Net Income to Common	10,386	9,332	6,384	2,066	-2,907	3,249
Net Income Growth	15.29%	47.21%	208.11%	-	-	-17.87%
Basic Shares Outstanding	-	1,828	2,069	2,222	2,227	2,223
Diluted Shares Outstanding	-	1,850	2,089	2,236	2,227	2,237
Shares Change (YoY)	-	-11.43%	-6.60%	0.42%	-0.45%	0.34%
EPS (Basic)	-	5.11	3.08	0.93	-1.31	1.46
EPS (Diluted)	-	5.04	3.06	0.92	-1.31	1.45
EPS Growth	-	65.09%	230.74%	-	-	-19.32%
Dividend Per Share	-	1.803	0.987	0.538	0.120	-
Dividend Growth	-	82.63%	83.49%	348.33%	-	-
Effective Tax Rate	19.80%	16.74%	11.24%	-	-	28.53%

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