Varengold Bank AG (ETR:VG80)

Varengold Bank AG Income Statement

Financials in millions EUR. 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 and Dividend Income	59.18	50.71	19.5	14.2	12.47	11.51
Total Interest Expense	10.85	7.44	5.82	6.65	4.07	3.32
Net Interest Income	48.33	43.26	13.67	7.54	8.4	8.19
Brokerage Commission	5.41	22.52	72.78	49.03	19.53	14.61
Other Revenue	0	-	-	0.45	-	-
Revenue Before Loan Losses	53.74	65.78	86.45	57.02	27.93	22.8
Provision for Loan Losses	1.58	0.38	6.83	7.51	4.51	0.93
Revenue	52.16	65.4	79.62	49.5	23.42	21.88
Revenue Growth (YoY)	-36.34%	-17.85%	60.83%	111.39%	7.04%	6.68%
Salaries & Employee Benefits	13.03	12.95	14.59	11.28	8.96	8.54
Cost of Services Provided	29.4	32.86	33.59	15.47	10.22	8.74
Other Operating Expenses	-1.76	-1.64	0.68	1.81	1.77	-0.8
Total Operating Expenses	40.74	44.26	48.98	28.68	21.06	16.59
Operating Income	11.42	21.15	30.64	20.83	2.36	5.29
Currency Exchange Gains	-0.34	-0.34	-0.18	-0.29	-0.38	-1.3
Other Non-Operating Income (Expenses)	0.79	0.79	-	0.55	-	-
EBT Excluding Unusual Items	11.87	21.6	30.47	21.09	1.98	3.99
Legal Settlements	0.58	0.58	-3.78	-	-	-
Gain (Loss) on Sale of Investments	-0.09	0.33	-1.24	-	-0.37	-0.4
Other Unusual Items	-	-	-	0.32	0.24	-
Pretax Income	12.36	22.51	25.44	21.4	1.85	3.59
Income Tax Expense	6.66	7.98	16.39	4.24	0.14	1.98
Net Income	5.7	14.52	9.06	17.17	1.71	1.62
Net Income to Common	5.7	14.52	9.06	17.17	1.71	1.62
Net Income Growth	-47.12%	60.35%	-47.24%	901.14%	6.12%	213.50%
Shares Outstanding (Basic)	10	10	10	10	10	10
Shares Outstanding (Diluted)	10	10	10	10	10	10
Shares Change (YoY)	-	-	0.05%	-0.47%	6.12%	47.53%
EPS (Basic)	0.57	1.45	0.90	1.71	0.17	0.17
EPS (Diluted)	0.57	1.45	0.90	1.71	0.17	0.17
EPS Growth	-	60.35%	-47.26%	905.88%	-	112.50%
Operating Margin	21.89%	32.33%	38.49%	42.07%	10.08%	24.18%
Profit Margin	10.93%	22.20%	11.38%	34.67%	7.32%	7.38%
Effective Tax Rate	53.89%	35.47%	64.40%	19.80%	7.54%	55.04%

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