First Atlantic Bank PLC (GHSE:FAB)

First Atlantic Bank Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,038	878.49	847.59	571.96	385.71	280.89
Interest Paid on Deposits	481.77	302.4	185	159.46	86.96	83.25
Net Interest Income	556.71	576.09	662.59	412.5	298.75	197.64
Net Interest Income Growth (YoY)	-13.62%	-13.05%	60.63%	38.07%	51.16%	19.83%
Income From Trading Activities	391.49	335.65	254.85	6.85	33.6	67.55
Gain (Loss) on Sale of Assets	0.74	0.74	0.36	1.83	0.35	0.68
Other Non-Interest Income	173.33	181.95	127.22	95.41	57.19	44.12
Total Non-Interest Income	565.56	518.35	382.44	104.09	91.14	112.34
Non-Interest Income Growth (YoY)	37.61%	35.54%	267.41%	14.21%	-18.88%	27.74%
Revenues Before Loan Losses	1,122	1,094	1,045	516.59	389.89	309.99
Provision for Loan Losses	-161.27	38.53	366.43	229.82	17.81	32.49
Revenue	1,284	1,056	678.6	286.76	372.08	277.49
Revenue Growth (YoY)	75.28%	55.60%	136.64%	-22.93%	34.09%	58.74%
Salaries and Employee Benefits	267.32	257.06	145.84	112.95	102.73	74.68
Occupancy Expenses	51.16	45.5	32.32	22.29	23.02	20.78
Selling, General & Administrative	16.49	16.49	12.65	22.67	16.16	7.08
Other Non-Interest Expense	316.3	251.22	197.31	109.37	89.23	72.08
Total Non-Interest Expense	650.46	569.89	387.89	266.97	230.92	174.52
EBT Excluding Unusual Items	633.08	486.02	290.7	19.79	141.16	102.97
Other Unusual Items	-	-	-	-	1.05	-5.32
Pretax Income	633.08	486.02	290.7	19.79	142.21	97.65
Income Tax Expense	177.03	148.91	0.11	19.95	25.86	11.83
Earnings From Continuing Operations	456.05	337.11	290.6	-0.16	116.36	85.81
Minority Interest in Earnings	0.1	-0.19	0.14	-	-	-
Net Income	456.15	336.92	290.73	-0.16	116.36	85.81
Net Income to Common	456.15	336.92	290.73	-0.16	116.36	85.81
Net Income Growth	55.57%	15.88%	-	-	35.59%	5793.15%
Basic Shares Outstanding	-	336	334	334	334	322
Diluted Shares Outstanding	-	336	334	334	334	322
Shares Change (YoY)	-	0.42%	-	-	3.69%	4.13%
EPS (Basic)	-	1.00	0.87	-0.00	0.35	0.27
EPS (Diluted)	-	1.00	0.87	-0.00	0.35	0.27
EPS Growth	-	14.94%	-	-	30.74%	5565.11%
Dividend Per Share	-	-	-	-	0.117	-
Effective Tax Rate	27.96%	30.64%	0.04%	100.80%	18.18%	12.12%

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