Banca Transilvania S.A. (BVB: TLV)

Banca Transilvania Income Statement

Financials in millions RON. 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	9,364	8,433	5,770	3,571	3,495	3,494
Interest Income on Investments	494.98	408.2	262.15	125.16	165.21	160.62
Total Interest Income	9,859	8,841	6,032	3,696	3,660	3,654
Interest Paid on Deposits	3,997	3,579	1,603	552.28	681.98	578.71
Interest Paid on Borrowings	8.84	4.99	2.17	1.35	1.35	1.94
Total Interest Expense	4,006	3,584	1,605	553.63	683.33	580.65
Net Interest Income	5,853	5,257	4,427	3,142	2,977	3,074
Net Interest Income Growth (YoY)	18.86%	18.75%	40.88%	5.54%	-3.14%	11.31%
Income From Trading Activities	805.86	657.02	686.07	528.68	345.12	410.6
Gain (Loss) on Sale of Assets	-2.92	-	-	-	-	-
Gain (Loss) on Sale of Investments	324.4	311.11	-131.05	217.43	374.78	242.43
Other Non-Interest Income	1,732	1,594	1,452	1,136	913.62	991.15
Total Non-Interest Income	2,860	2,562	2,007	1,882	1,634	1,644
Non-Interest Income Growth (YoY)	24.42%	27.65%	6.65%	15.21%	-0.65%	34.17%
Revenues Before Loan Losses	8,712	7,819	6,434	5,024	4,611	4,718
Provision for Loan Losses	421.99	420.72	553.16	385.84	870.78	293.4
Revenue	8,290	7,398	5,880	4,638	3,740	4,425
Revenue Growth (YoY)	21.63%	25.80%	26.78%	24.02%	-15.48%	22.29%
Salaries and Employee Benefits	2,064	1,903	1,564	1,206	1,037	978.95
Occupancy Expenses	473.93	450.55	393	357.83	327.72	311.36
Federal Deposit Insurance	90.04	93.65	153.68	90	74.45	110.97
Selling, General & Administrative	463.02	393.11	366.79	319.79	233.57	251.94
Other Non-Interest Expense	952.74	752.02	626.09	485.55	446.94	589.92
Total Non-Interest Expense	4,044	3,592	3,103	2,459	2,120	2,243
EBT Excluding Unusual Items	4,246	3,806	2,777	2,179	1,620	2,181
Asset Writedown	-2.29	-2.29	-16.36	-1.26	-6.84	-49.82
Legal Settlements	-101.12	-97.39	40.18	117.71	9.04	-
Other Unusual Items	133.15	-	-	7.38	-	-
Pretax Income	4,276	3,706	2,801	2,303	1,622	2,132
Income Tax Expense	727.3	721.73	312.64	278.27	198.35	283.69
Earnings From Continuing Operations	3,549	2,984	2,488	2,025	1,424	1,848
Minority Interest in Earnings	-141.22	-94.51	-84.04	-41.2	-43.93	-66.5
Net Income	3,407	2,890	2,404	1,983	1,380	1,781
Net Income to Common	3,407	2,890	2,404	1,983	1,380	1,781
Net Income Growth	16.68%	20.19%	21.23%	43.70%	-22.52%	42.54%
Basic Shares Outstanding	916	915	916	916	915	915
Diluted Shares Outstanding	916	915	916	916	916	918
Shares Change (YoY)	0.06%	-0.03%	-0.02%	-0.02%	-0.24%	0.05%
EPS (Basic)	3.72	3.16	2.63	2.17	1.51	1.95
EPS (Diluted)	3.72	3.16	2.63	2.17	1.51	1.94
EPS Growth	16.62%	20.23%	21.25%	43.69%	-22.44%	42.38%
Dividend Per Share	1.091	1.091	0.872	0.872	0.496	0.654
Dividend Growth	25.07%	25.07%	-0.02%	75.94%	-24.24%	-26.70%
Effective Tax Rate	17.01%	19.47%	11.16%	12.08%	12.23%	13.31%

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