DFCC Bank PLC (COSE: DFCC.N0000)

DFCC Bank Income Statement

Financials in millions LKR. 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	85,340	96,925	69,867	36,600	39,095	42,062
Interest Paid on Deposits	55,759	65,584	43,268	23,919	28,052	29,363
Net Interest Income	29,581	31,341	26,599	12,681	11,043	12,699
Net Interest Income Growth (YoY)	-4.94%	17.83%	109.76%	14.83%	-13.04%	1.93%
Income From Trading Activities	255.04	1,055	63.22	436.68	479.15	-87.12
Gain (Loss) on Sale of Assets	21.66	18.1	8.74	-1.7	23.24	33.49
Gain (Loss) on Sale of Investments	1,941	2,839	99.11	1,391	510.39	209.89
Other Non-Interest Income	5,654	5,270	4,667	4,311	3,364	1,310
Total Non-Interest Income	7,872	9,182	4,838	6,137	4,377	1,467
Non-Interest Income Growth (YoY)	-3.02%	89.78%	-21.17%	40.22%	198.43%	19.24%
Revenues Before Loan Losses	37,453	40,522	31,437	18,818	15,420	14,166
Provision for Loan Losses	6,370	13,985	17,059	4,485	3,328	1,689
Revenue	31,083	26,537	14,378	14,333	12,092	12,476
Revenue Growth (YoY)	48.67%	84.57%	0.32%	18.53%	-3.08%	-1.24%
Salaries and Employee Benefits	6,233	5,037	4,678	4,079	3,588	3,895
Occupancy Expenses	1,204	1,191	1,188	1,074	970.96	901.41
Selling, General & Administrative	-	-	-	0.64	1.5	1.73
Other Non-Interest Expense	10,141	8,942	5,732	4,617	3,995	4,561
Total Non-Interest Expense	16,099	14,029	11,266	9,474	8,148	9,168
EBT Excluding Unusual Items	14,984	12,508	3,112	4,859	3,944	3,308
Pretax Income	14,984	12,508	3,112	4,859	3,944	3,308
Income Tax Expense	4,510	3,850	70.3	1,194	1,097	1,008
Earnings From Continuing Operations	10,474	8,659	3,042	3,665	2,847	2,300
Minority Interest in Earnings	-187.86	-173.39	-109.44	-116.17	-101.82	-86.77
Net Income	10,286	8,485	2,932	3,549	2,745	2,214
Net Income to Common	10,286	8,485	2,932	3,549	2,745	2,214
Net Income Growth	70.98%	189.35%	-17.37%	29.29%	24.01%	-26.49%
Basic Shares Outstanding	420	418	400	359	361	345
Diluted Shares Outstanding	420	418	400	359	361	345
Shares Change (YoY)	-1.91%	4.51%	11.43%	-0.56%	4.46%	9.53%
EPS (Basic)	24.51	20.30	7.33	9.89	7.61	6.41
EPS (Diluted)	24.51	20.30	7.33	9.89	7.61	6.41
EPS Growth	74.31%	176.86%	-25.84%	30.02%	18.71%	-32.88%
Dividend Per Share	2.926	2.926	-	-	-	2.101
Dividend Growth	-	-	-	-	-	-28.57%
Effective Tax Rate	30.10%	30.78%	2.26%	24.57%	27.82%	30.47%

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