BRAC Bank PLC. (DSE: BRACBANK)

BRAC Bank PLC. Income Statement

Financials in millions BDT. 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	48,779	41,864	31,370	24,225	27,080	32,623
Interest Paid on Deposits	29,796	21,315	12,954	7,913	13,725	14,698
Net Interest Income	18,983	20,549	18,416	16,312	13,355	17,925
Net Interest Income Growth (YoY)	-2.28%	11.58%	12.90%	22.14%	-25.49%	13.32%
Gain (Loss) on Sale of Assets	5.04	6.94	15.41	3.8	11.09	16.11
Gain (Loss) on Sale of Investments	863.36	1,505	600	772.86	2,423	-534.4
Other Non-Interest Income	34,140	24,364	18,806	14,625	13,328	9,884
Total Non-Interest Income	35,009	25,876	19,422	15,402	15,762	9,365
Non-Interest Income Growth (YoY)	52.49%	33.23%	26.10%	-2.29%	68.30%	-7.03%
Revenues Before Loan Losses	53,992	46,425	37,838	31,714	29,117	27,290
Provision for Loan Losses	3,042	2,714	1,938	2,971	2,365	1,096
Revenue	50,950	43,711	35,900	28,743	26,752	26,194
Revenue Growth (YoY)	27.70%	21.76%	24.90%	7.44%	2.13%	3.91%
Salaries and Employee Benefits	15,725	14,514	12,519	9,889	9,043	7,869
Occupancy Expenses	6,822	6,283	5,246	4,493	3,978	3,799
Selling, General & Administrative	6,058	5,845	4,646	3,785	3,810	3,615
Other Non-Interest Expense	4,666	4,264	4,151	3,654	3,537	3,406
Total Non-Interest Expense	33,245	30,888	26,557	21,817	20,368	18,693
EBT Excluding Unusual Items	17,705	12,823	9,343	6,926	6,384	7,501
Other Unusual Items	-0.08	-0.08	-4.93	-16.29	-48.04	-
Pretax Income	17,705	12,823	9,283	6,910	6,336	7,501
Income Tax Expense	6,861	4,548	3,141	2,257	2,295	2,918
Earnings From Continuing Operations	10,844	8,275	6,142	4,653	4,041	4,583
Minority Interest in Earnings	-1,111	-664.95	-109.27	812.07	376.92	368.42
Net Income	9,734	7,610	6,033	5,465	4,418	4,951
Net Income to Common	9,734	7,610	6,033	5,465	4,418	4,951
Net Income Growth	40.41%	26.15%	10.40%	23.68%	-10.76%	-10.74%
Basic Shares Outstanding	1,770	1,770	1,770	1,770	1,770	1,770
Diluted Shares Outstanding	1,770	1,770	1,770	1,770	1,770	1,770
Shares Change (YoY)	0.01%	0.01%	-0.01%	-0.00%	-0.00%	0.02%
EPS (Basic)	5.50	4.30	3.41	3.09	2.50	2.80
EPS (Diluted)	5.50	4.30	3.41	3.09	2.50	2.80
EPS Growth	40.39%	26.13%	10.40%	23.68%	-10.76%	-10.75%
Dividend Per Share	0.909	0.909	0.634	0.590	0.749	0.523
Dividend Growth	43.35%	43.35%	7.49%	-21.25%	43.33%	-
Effective Tax Rate	38.75%	35.47%	33.84%	32.67%	36.22%	38.90%

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