Société Tunisienne de Banque Société anonyme (BVMT: STB)

STB Income Statement

Financials in millions TND. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,059	1,059	959.2	827.97	819.45	800.52
Interest Paid on Deposits	733.49	733.49	579.62	464.57	457.57	441.13
Net Interest Income	325.21	325.21	379.58	363.41	361.88	359.39
Net Interest Income Growth (YoY)	-9.51%	-14.32%	4.45%	0.42%	0.69%	44.98%
Gain (Loss) on Sale of Assets	0.77	0.77	0.19	1.01	5.18	-
Gain (Loss) on Sale of Investments	89.32	89.32	120.51	86.77	70.87	-11.87
Other Non-Interest Income	294.26	294.26	229.17	197.57	187.48	237.16
Total Non-Interest Income	384.35	384.35	349.88	285.34	263.53	225.29
Non-Interest Income Growth (YoY)	70.60%	9.85%	22.62%	8.28%	16.97%	3.09%
Revenues Before Loan Losses	709.56	709.56	729.45	648.75	625.41	584.69
Provision for Loan Losses	222.97	222.97	204.43	123.63	190.61	96.33
Revenue	486.59	486.59	525.02	525.12	434.8	488.36
Revenue Growth (YoY)	-0.36%	-7.32%	-0.02%	20.77%	-10.97%	70.13%
Salaries and Employee Benefits	246.36	246.36	222.79	204.66	178.09	169.2
Occupancy Expenses	16.28	16.28	15.14	15.71	16.32	12.82
Selling, General & Administrative	13.15	13.15	11.18	10.78	6	11.85
Other Non-Interest Expense	64.43	64.43	49.77	48.09	53.72	32.19
Total Non-Interest Expense	347.44	347.44	298.46	277.25	255.92	214.6
EBT Excluding Unusual Items	139.15	139.15	226.56	247.87	178.88	273.76
Pretax Income	139.15	139.15	226.56	247.87	178.88	273.76
Income Tax Expense	55.44	55.44	95.6	96.54	83.52	90.22
Earnings From Continuing Operations	83.7	83.7	130.96	151.33	95.36	183.54
Minority Interest in Earnings	-22.04	-22.04	-23.3	-3.86	-1.11	-0.13
Net Income	51.21	51.21	99.73	125.74	68.41	178.67
Preferred Dividends & Other Adjustments	-	-	-1.1	-2.79	-	-
Net Income to Common	51.21	51.21	100.84	128.53	68.41	178.67
Net Income Growth	-71.34%	-48.65%	-20.68%	83.79%	-61.71%	103.36%
Basic Shares Outstanding	154	154	154	154	154	154
Diluted Shares Outstanding	154	154	154	154	154	154
Shares Change (YoY)	-0.04%	-0.04%	0.01%	-0.01%	-0.00%	-
EPS (Basic)	0.33	0.33	0.65	0.83	0.44	1.16
EPS (Diluted)	0.33	0.33	0.65	0.83	0.44	1.16
EPS Growth	-71.33%	-49.20%	-21.55%	87.88%	-61.71%	-
Effective Tax Rate	39.85%	39.85%	42.20%	38.95%	46.69%	32.96%

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