Banco de Sabadell, S.A. (BME: SAB)

Banco de Sabadell 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	-	7,771	4,500	3,735	3,925	4,429
Interest Income on Investments	-	895.94	491.37	413.83	399.91	560.3
Total Interest Income	-	8,667	4,991	4,149	4,325	4,989
Interest Paid on Deposits	-	3,936	1,190	722.09	924.69	1,362
Net Interest Income	4,968	4,732	3,801	3,427	3,400	3,627
Net Interest Income Growth (YoY)	8.20%	24.47%	10.93%	0.78%	-6.25%	-1.53%
Income From Trading Activities	114.25	122.25	204.69	-183.56	444.35	-111.15
Gain (Loss) on Sale of Assets	-41.96	-59.96	-27.8	-7.39	102.58	-35.67
Gain (Loss) on Sale of Investments	3.74	27.74	17.33	27.46	44.61	112.04
Gain (Loss) on Sale of Equity Investments	158.81	122.81	152.92	100.28	35.93	56.43
Other Non-Interest Income	823.21	850.21	1,043	1,337	649.14	1,210
Total Non-Interest Income	1,058	1,063	1,390	1,274	1,277	1,231
Non-Interest Income Growth (YoY)	-9.48%	-23.52%	9.10%	-0.20%	3.69%	-10.20%
Revenues Before Loan Losses	6,026	5,795	5,191	4,701	4,677	4,858
Provision for Loan Losses	674.31	809.31	848.59	636.36	1,017	605.5
Revenue	5,351	4,985	4,343	4,064	3,660	4,253
Revenue Growth (YoY)	10.35%	14.80%	6.85%	11.06%	-13.94%	0.66%
Salaries and Employee Benefits	1,519	1,462	1,387	1,475	1,533	1,582
Occupancy Expenses	500.97	518.97	545.09	526.51	523.25	468.17
Selling, General & Administrative	922.37	891.37	836.55	877.72	916.05	930.51
Other Non-Interest Expense	140.6	132.6	189.83	123.56	389.72	188.64
Total Non-Interest Expense	3,083	3,005	2,958	3,002	3,362	3,169
EBT Excluding Unusual Items	2,268	1,980	1,385	1,062	297.49	1,084
Asset Writedown	-48.66	-58.66	-65.9	-104.16	-3.17	-4.39
Legal Settlements	-4.56	-4.56	-45.21	-39.61	-70	-23.09
Other Unusual Items	-	-	-	-	-	-105
Pretax Income	2,232	1,891	1,273	619.99	-120.83	951.08
Income Tax Expense	631.18	557.18	373.26	81.28	-123.84	174.2
Earnings From Continuing Operations	1,601	1,334	900.14	538.71	3.01	776.88
Minority Interest in Earnings	-1.42	-1.42	-10.75	-8.47	-1.01	-9.06
Net Income	1,599	1,332	889.39	530.24	2	767.82
Preferred Dividends & Other Adjustments	115.39	115.39	110.38	100.59	73.23	73.25
Net Income to Common	1,484	1,217	779.02	429.65	-71.23	694.57
Net Income Growth	34.91%	49.79%	67.73%	26385.41%	-99.74%	134.02%
Basic Shares Outstanding	5,348	5,401	5,594	5,586	5,582	5,538
Diluted Shares Outstanding	5,348	5,401	5,594	5,586	5,582	5,538
Shares Change (YoY)	-2.33%	-3.45%	0.13%	0.07%	0.80%	-0.48%
EPS (Basic)	0.28	0.23	0.14	0.08	-0.01	0.13
EPS (Diluted)	0.28	0.23	0.14	0.08	-0.01	0.13
EPS Growth	24.72%	61.77%	81.08%	-	-	152.11%
Dividend Per Share	0.110	0.060	0.040	0.030	-	0.040
Dividend Growth	120.00%	50.00%	33.33%	-	-	33.33%
Effective Tax Rate	28.28%	29.47%	29.31%	13.11%	-	18.32%

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