Société Ivoirienne de Banque S.A. (BRVM: SIBC)

SIBC Income Statement

Financials in millions XOF. 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	81,511	78,814	67,877	74,957	74,955	68,349
Total Interest Income	81,511	78,814	67,877	74,957	74,955	68,349
Interest Paid on Deposits	15,932	15,504	14,532	16,362	17,757	18,349
Total Interest Expense	15,932	15,504	14,532	16,362	17,757	18,349
Net Interest Income	65,579	63,310	53,345	58,595	57,198	50,000
Net Interest Income Growth (YoY)	17.12%	18.68%	-8.96%	2.44%	14.40%	15.78%
Income From Trading Activities	3,996	3,263	3,071	2,220	2,370	2,116
Gain (Loss) on Sale of Assets	-208	-208	1,079	-2	-14	-95
Gain (Loss) on Sale of Investments	2,845	1,311	2,205	-2,095	-4,779	-1,036
Other Non-Interest Income	26,326	27,686	24,920	17,812	19,676	20,806
Total Non-Interest Income	32,959	32,052	31,275	17,935	17,253	21,791
Non-Interest Income Growth (YoY)	7.51%	2.48%	74.38%	3.95%	-20.83%	-4.28%
Revenues Before Loan Losses	98,538	95,362	84,620	76,530	74,451	71,791
Provision for Loan Losses	9,433	7,992	2,276	1,312	6,149	5,613
Revenue	89,105	87,370	82,344	75,218	68,302	66,178
Revenue Growth (YoY)	6.54%	6.10%	9.47%	10.13%	3.21%	11.68%
Occupancy Expenses	3,633	3,800	3,368	3,390	3,570	3,225
Other Non-Interest Expense	35,483	34,899	32,613	31,100	29,841	29,425
Total Non-Interest Expense	39,116	38,699	35,981	34,490	33,411	32,650
EBT Excluding Unusual Items	49,989	48,671	46,363	40,728	34,891	33,528
Pretax Income	49,989	48,671	46,363	40,728	34,891	33,528
Income Tax Expense	5,059	5,158	6,273	6,697	4,630	5,471
Net Income	44,930	43,513	40,090	34,031	30,261	28,057
Net Income to Common	44,930	43,513	40,090	34,031	30,261	28,057
Net Income Growth	8.34%	8.54%	17.80%	12.46%	7.86%	20.94%
Basic Shares Outstanding	100	50	50	50	50	50
Diluted Shares Outstanding	100	50	50	50	50	50
Shares Change (YoY)	100.00%	-	-	-0.04%	0.01%	0.02%
EPS (Basic)	449.30	870.26	801.80	680.62	605.00	561.00
EPS (Diluted)	449.30	870.26	801.80	680.62	605.00	561.00
EPS Growth	-45.83%	8.54%	17.80%	12.50%	7.84%	20.91%
Dividend Per Share	-	550.000	550.000	450.000	400.000	300.000
Dividend Growth	-	0%	22.22%	12.50%	33.33%	7.14%
Effective Tax Rate	10.12%	10.60%	13.53%	16.44%	13.27%	16.32%

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