NMB Bank Plc (DAR: NMB)

NMB Bank Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	1,328,186	1,179,592	953,656	815,446	712,648	653,195
Interest Paid on Deposits	303,624	242,354	164,020	135,606	141,483	130,820
Net Interest Income	1,024,572	937,238	789,636	679,840	571,165	522,375
Net Interest Income Growth (YoY)	13.35%	18.69%	16.15%	19.03%	9.34%	6.40%
Income From Trading Activities	-	-	-	2,726	3,107	1,100
Gain (Loss) on Sale of Assets	294	294	590	12	159	131
Gain (Loss) on Sale of Investments	7,527	7,527	5,353	-	-	-
Other Non-Interest Income	555,742	460,474	396,076	303,011	266,250	201,618
Total Non-Interest Income	563,563	468,295	402,019	305,749	269,516	202,849
Non-Interest Income Growth (YoY)	28.31%	16.49%	31.49%	13.44%	32.87%	4.68%
Revenues Before Loan Losses	1,588,135	1,405,533	1,191,655	985,589	840,681	725,224
Provision for Loan Losses	97,521	84,350	81,067	113,040	125,800	98,850
Revenue	1,490,614	1,321,183	1,110,588	872,549	714,881	626,374
Revenue Growth (YoY)	19.34%	18.96%	27.28%	22.06%	14.13%	14.00%
Salaries and Employee Benefits	322,095	297,923	266,296	243,679	210,174	182,579
Occupancy Expenses	49,444	49,444	53,638	61,755	68,308	73,367
Selling, General & Administrative	64,659	64,659	59,171	52,518	53,479	47,384
Other Non-Interest Expense	161,703	134,356	116,318	96,572	86,907	107,183
Total Non-Interest Expense	597,901	546,382	495,423	454,524	418,868	410,513
EBT Excluding Unusual Items	892,713	774,801	615,165	418,025	296,013	215,861
Other Unusual Items	-	-	-	-	5,267	-
Pretax Income	892,713	774,801	615,165	418,025	301,280	215,861
Income Tax Expense	269,999	229,594	183,493	125,876	90,980	71,122
Earnings From Continuing Operations	622,714	545,207	431,672	292,149	210,300	144,739
Minority Interest in Earnings	-317	-317	-141	-71	-331	-120
Net Income	622,397	544,890	431,531	292,078	209,969	144,619
Net Income to Common	622,397	544,890	431,531	292,078	209,969	144,619
Net Income Growth	22.92%	26.27%	47.75%	39.11%	45.19%	43.89%
Basic Shares Outstanding	501	500	500	500	500	500
Diluted Shares Outstanding	501	500	500	500	500	500
Shares Change (YoY)	0.18%	-	-	-	-	-
EPS (Basic)	1242.25	1089.78	863.06	584.16	419.94	289.24
EPS (Diluted)	1242.25	1089.78	863.06	584.16	419.94	289.24
EPS Growth	22.70%	26.27%	47.75%	39.11%	45.19%	43.89%
Dividend Per Share	361.180	361.180	286.000	193.000	137.000	96.000
Dividend Growth	26.29%	26.29%	48.19%	40.88%	42.71%	45.45%
Effective Tax Rate	30.24%	29.63%	29.83%	30.11%	30.20%	32.95%

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