Føroya Banki (CPH:FOBANK)

Føroya Banki Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	557.76	588.14	482.45	308.82	287.98	297.91
Interest Income on Investments	49.57	52.41	44.49	6.48	3.43	3.27
Total Interest Income	607.33	640.56	526.94	315.29	291.41	301.18
Interest Paid on Deposits	178.94	186.31	101.36	34.48	19.4	19.69
Net Interest Income	428.39	454.25	425.58	280.81	272.01	281.49
Net Interest Income Growth (YoY)	-7.92%	6.74%	51.55%	3.23%	-3.37%	7.22%
Gain (Loss) on Sale of Assets	4.27	0.64	0.12	0.03	0.19	0.04
Gain (Loss) on Sale of Investments	59.06	43.11	52.78	-65.57	-6.93	-21.85
Other Non-Interest Income	154.49	137.79	138.62	169.65	135.4	116.97
Total Non-Interest Income	217.82	181.54	191.52	104.11	128.66	95.16
Non-Interest Income Growth (YoY)	12.92%	-5.21%	83.96%	-19.08%	35.20%	-21.95%
Revenues Before Loan Losses	646.21	635.79	617.09	384.92	400.67	376.66
Provision for Loan Losses	-10.15	-1.07	-10.04	-46.63	-76.56	-4.96
Revenue	656.36	636.86	627.14	431.54	477.23	381.62
Revenue Growth (YoY)	3.09%	1.55%	45.32%	-9.57%	25.05%	-15.84%
Occupancy Expenses	9.09	9.09	7.43	3.45	6.5	7.59
Selling, General & Administrative	253.75	248.37	243.67	225.64	232.57	244.34
Other Non-Interest Expense	0.73	1.53	1.81	1.26	0.98	0.66
Total Non-Interest Expense	259.16	254.38	247.81	224.97	238.92	252.25
EBT Excluding Unusual Items	397.2	382.48	379.33	206.58	238.3	129.37
Pretax Income	397.2	382.48	379.33	206.58	238.3	129.37
Income Tax Expense	74.82	72.05	71.8	42.17	44.95	26.22
Earnings From Continuing Operations	322.39	310.43	307.53	164.41	193.36	103.15
Earnings From Discontinued Operations	-	-	-	-	78.98	63.04
Net Income	322.39	310.43	307.53	164.41	272.34	166.19
Net Income to Common	322.39	310.43	307.53	164.41	272.34	166.19
Net Income Growth	1.23%	0.94%	87.06%	-39.63%	63.88%	-19.57%
Basic Shares Outstanding	10	10	10	10	10	10
Diluted Shares Outstanding	10	10	10	10	10	10
Shares Change (YoY)	-0.02%	-	-	0.03%	0.26%	0.62%
EPS (Basic)	33.67	32.42	32.12	17.17	28.45	17.41
EPS (Diluted)	33.67	32.42	32.12	17.17	28.45	17.41
EPS Growth	1.23%	0.93%	87.07%	-39.65%	63.43%	-20.07%
Dividend Per Share	36.460	36.460	8.330	26.040	40.200	5.000
Dividend Growth	337.69%	337.69%	-68.01%	-35.22%	704.00%	-
Effective Tax Rate	18.84%	18.84%	18.93%	20.41%	18.86%	20.26%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.