Banque Marocaine pour le Commerce et l'Industrie (CBSE: BCI)

BCI Income Statement

Financials in millions MAD. 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	3,748	3,536	3,073	2,997	3,068	3,148
Interest Paid on Deposits	1,207	1,108	780.34	658.54	730.05	841.9
Net Interest Income	2,541	2,428	2,292	2,338	2,338	2,306
Net Interest Income Growth (YoY)	9.40%	5.93%	-1.96%	0.02%	1.38%	-0.98%
Income From Trading Activities	583.96	506.18	393.65	352.53	-	-
Gain (Loss) on Sale of Assets	-13.49	-	-	12.26	-	-
Other Non-Interest Income	505.19	503.19	368.18	353.21	713.88	753.32
Total Non-Interest Income	1,076	1,009	761.83	718	713.88	753.32
Non-Interest Income Growth (YoY)	18.70%	32.49%	6.10%	0.58%	-5.24%	7.80%
Revenues Before Loan Losses	3,617	3,438	3,054	3,056	3,052	3,059
Provision for Loan Losses	772.54	633.36	561.59	575.33	901.29	440.21
Revenue	2,844	2,804	2,493	2,481	2,150	2,619
Revenue Growth (YoY)	2.85%	12.51%	0.48%	15.37%	-17.90%	2.76%
Occupancy Expenses	249.29	251.84	234.98	245.12	210.74	214.64
Other Non-Interest Expense	1,983	1,944	1,847	1,885	1,582	1,416
Total Non-Interest Expense	2,239	2,192	2,075	2,130	1,790	1,628
EBT Excluding Unusual Items	605.38	612.79	417.31	350.98	360.31	991.49
Pretax Income	605.38	612.79	417.31	350.98	360.31	991.49
Income Tax Expense	440.04	441.76	232.42	184.18	215.53	391.5
Earnings From Continuing Operations	165.35	171.03	184.89	166.8	144.78	599.99
Minority Interest in Earnings	-0.58	0.2	43.73	27.31	10.72	5.03
Net Income	164.77	171.22	228.62	194.11	155.5	605.01
Net Income to Common	164.77	171.22	228.62	194.11	155.5	605.01
Net Income Growth	-55.06%	-25.10%	17.78%	24.83%	-74.30%	8.35%
Basic Shares Outstanding	13	13	13	13	13	13
Diluted Shares Outstanding	13	13	13	13	13	13
Shares Change (YoY)	-2.28%	-	-	-	-	-
EPS (Basic)	12.55	12.89	17.22	14.62	11.71	45.56
EPS (Diluted)	12.55	12.89	17.22	14.62	11.71	45.56
EPS Growth	-54.02%	-25.10%	17.78%	24.83%	-74.30%	8.35%
Dividend Per Share	18.000	18.000	18.000	-	43.000	-
Effective Tax Rate	72.69%	72.09%	55.69%	52.48%	59.82%	39.49%

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