Mwalimu Commercial Bank PLC (DAR:MCB)

Mwalimu Commercial Bank Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	10,383	10,312	8,627	5,674	2,770
Interest Paid on Deposits	4,973	4,919	3,411	1,783	693.71
Interest Paid on Borrowings	-	-	-	-	410.3
Total Interest Expense	4,973	4,919	3,411	1,783	1,104
Net Interest Income	5,410	5,393	5,216	3,891	1,666
Net Interest Income Growth (YoY)	0.32%	3.39%	34.05%	133.58%	-17.29%
Income From Trading Activities	-	-	-	-	6.98
Other Non-Interest Income	2,077	1,954	1,936	1,359	374.67
Total Non-Interest Income	2,077	1,954	1,936	1,359	381.65
Non-Interest Income Growth (YoY)	6.30%	0.93%	42.46%	256.08%	-15.97%
Revenues Before Loan Losses	7,487	7,347	7,152	5,250	2,047
Provision for Loan Losses	343	447	263	51	36.07
Revenue	7,144	6,900	6,889	5,199	2,011
Revenue Growth (YoY)	3.54%	0.16%	32.51%	158.48%	-21.05%
Salaries and Employee Benefits	3,265	3,040	3,110	2,874	2,801
Selling, General & Administrative	-	-	-	-	1,005
Other Non-Interest Expense	3,661	3,787	4,075	3,687	2,255
Total Non-Interest Expense	6,926	6,827	7,185	6,561	6,061
EBT Excluding Unusual Items	218	73	-296	-1,362	-4,050
Pretax Income	218	73	-296	-1,362	-4,050
Income Tax Expense	86	62	35	25	12.11
Net Income	132	11	-331	-1,387	-4,062
Net Income to Common	132	11	-331	-1,387	-4,062
Net Income Growth	1100.00%	-	-	-	-
Basic Shares Outstanding	66	62	66	63	62
Diluted Shares Outstanding	66	62	66	63	62
Shares Change (YoY)	6.75%	-6.61%	5.00%	1.97%	-
EPS (Basic)	2.00	0.18	-5.00	-22.00	-65.70
EPS (Diluted)	2.00	0.18	-5.00	-22.00	-65.70
EPS Growth	1024.09%	-	-	-	-
Effective Tax Rate	39.45%	84.93%	-	-	-

Source: S&P Global Market Intelligence. Banks template. Financial Sources.