Nordfyns Bank A/S (CPH: NRDF)

Nordfyns Bank Income Statement

Financials in millions DKK. 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	168.44	159.83	98.81	92.17	97.22	96.85
Interest Income on Investments	42.34	30.02	7.65	0.09	-0.81	5.4
Total Interest Income	210.77	189.85	106.46	92.26	96.4	102.26
Interest Paid on Deposits	33.55	21.42	7.2	5.56	5.42	5.26
Interest Paid on Borrowings	-	-	-10.23	-12.6	-6.75	-1.3
Total Interest Expense	33.55	21.42	-3.03	-7.04	-1.33	3.96
Net Interest Income	177.22	168.43	109.49	99.3	97.73	98.29
Net Interest Income Growth (YoY)	26.50%	53.84%	10.26%	1.61%	-0.57%	1.49%
Gain (Loss) on Sale of Assets	-0.01	-0.01	-0.14	0.18	-0.27	-0.14
Gain (Loss) on Sale of Investments	29.12	35.92	-21.65	10.03	10.14	89.62
Other Non-Interest Income	113.6	111.69	120.76	119.37	101.8	19.8
Total Non-Interest Income	142.71	147.6	98.96	129.58	111.67	109.28
Non-Interest Income Growth (YoY)	15.71%	49.15%	-23.63%	16.04%	2.18%	4.48%
Revenues Before Loan Losses	319.93	316.03	208.45	228.87	209.4	207.58
Provision for Loan Losses	-9.63	-5.4	7.26	-24.97	22.88	10.77
Revenue	329.56	321.43	201.18	253.84	186.51	196.8
Revenue Growth (YoY)	28.38%	59.77%	-20.74%	36.10%	-5.23%	6.03%
Occupancy Expenses	8.34	8.49	10.86	9.34	8.92	6.64
Selling, General & Administrative	169.14	159.76	152.55	141.42	129.95	129.55
Other Non-Interest Expense	9.47	9.29	9.61	8.82	8.4	7.75
Total Non-Interest Expense	186.94	177.53	173	159.57	147.25	143.93
EBT Excluding Unusual Items	142.62	143.91	28.18	94.27	39.27	52.87
Asset Writedown	-0.49	-0.49	2.91	-0.62	-1.95	-0.4
Pretax Income	142.14	143.42	31.09	93.65	37.32	52.47
Income Tax Expense	35.36	33.15	5.67	18.86	7.15	9.93
Net Income	106.78	110.27	25.42	74.79	30.17	42.55
Preferred Dividends & Other Adjustments	3.25	3.25	3.25	3.25	1.59	-
Net Income to Common	103.53	107.02	22.17	71.53	28.59	42.55
Net Income Growth	65.53%	333.75%	-66.01%	147.88%	-29.09%	19.26%
Basic Shares Outstanding	2	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2	2
EPS (Basic)	63.02	65.14	13.50	43.54	17.40	25.90
EPS (Diluted)	63.02	65.10	13.50	43.50	17.40	25.90
EPS Growth	69.00%	382.34%	-68.97%	150.01%	-32.82%	19.26%
Dividend Per Share	17.000	17.000	-	-	-	-
Effective Tax Rate	24.88%	23.11%	18.24%	20.14%	19.16%	18.92%

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