National Development Bank PLC (COSE: NDB.N0000)

National Development 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	102,372	119,722	98,217	52,795	53,153	53,402
Interest Paid on Deposits	68,680	87,342	67,087	31,053	35,228	35,431
Net Interest Income	33,691	32,380	31,130	21,741	17,925	17,971
Net Interest Income Growth (YoY)	7.39%	4.02%	43.19%	21.29%	-0.26%	18.98%
Income From Trading Activities	1,458	2,906	-340.35	2,096	967.28	990.16
Gain (Loss) on Sale of Assets	5.71	5.71	3.83	14.21	1.86	4.77
Gain (Loss) on Sale of Investments	8,376	6,056	-325.26	746.73	1,600	774.62
Other Non-Interest Income	8,177	5,565	13,811	8,244	5,802	4,904
Total Non-Interest Income	18,017	14,532	13,149	11,102	8,371	6,673
Non-Interest Income Growth (YoY)	94.90%	10.52%	18.44%	32.62%	25.44%	-7.75%
Revenues Before Loan Losses	51,708	46,912	44,279	32,843	26,296	24,644
Provision for Loan Losses	21,632	21,137	29,277	10,253	6,794	4,405
Revenue	30,076	25,775	15,003	22,590	19,502	20,239
Revenue Growth (YoY)	73.16%	71.80%	-33.59%	15.84%	-3.64%	8.97%
Salaries and Employee Benefits	8,675	7,379	6,277	6,323	5,748	5,460
Occupancy Expenses	1,061	1,054	926.03	914.11	931.6	883.32
Other Non-Interest Expense	10,321	9,399	6,499	6,293	5,540	7,137
Total Non-Interest Expense	20,057	17,833	13,702	13,529	12,220	13,480
EBT Excluding Unusual Items	10,019	7,943	1,301	9,061	7,282	6,759
Asset Writedown	211.55	211.55	168.27	153	108.11	162.22
Pretax Income	10,230	8,154	1,469	9,214	7,390	6,921
Income Tax Expense	3,308	2,296	-1,607	2,151	2,173	2,036
Earnings From Continuing Operations	6,922	5,858	3,076	7,063	5,217	4,885
Minority Interest in Earnings	-107.88	-98.77	-67.07	-158.47	-100.54	-109.08
Net Income	6,814	5,759	3,009	6,904	5,117	4,776
Net Income to Common	6,814	5,759	3,009	6,904	5,117	4,776
Net Income Growth	85.43%	91.42%	-56.42%	34.93%	7.14%	-7.01%
Basic Shares Outstanding	416	416	416	361	271	271
Diluted Shares Outstanding	416	416	416	361	271	271
Shares Change (YoY)	0.27%	-	14.96%	33.54%	-	7.82%
EPS (Basic)	16.37	13.86	7.24	19.10	18.90	17.64
EPS (Diluted)	16.37	13.86	7.24	19.10	18.90	17.64
EPS Growth	84.93%	91.42%	-62.09%	1.04%	7.14%	-13.76%
Dividend Per Share	1.923	1.923	-	0.860	1.289	1.639
Dividend Growth	-	-	-	-33.33%	-21.34%	40.62%
Effective Tax Rate	32.33%	28.16%	-	23.35%	29.40%	29.42%

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