Republic Bank (Ghana) PLC (GHSE: RBGH)

Republic Bank (Ghana) Income Statement

Financials in millions GHS. 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	1,146	975.43	625.16	482.67	468.23	413.89
Interest Paid on Deposits	533.34	417.87	232.23	179.42	197	180.94
Net Interest Income	613.11	557.56	392.92	303.25	271.23	232.95
Net Interest Income Growth (YoY)	19.10%	41.90%	29.57%	11.81%	16.43%	23.76%
Income From Trading Activities	49.07	55.22	34.01	27.85	20.3	22.34
Gain (Loss) on Sale of Assets	0.08	0.08	0.73	2.29	-0.01	0.61
Gain (Loss) on Sale of Investments	0.45	-	4.69	4.09	5.34	-2.21
Other Non-Interest Income	162.87	139.27	118.75	88.53	81.25	89.26
Total Non-Interest Income	212.47	194.57	158.18	122.75	106.88	110
Non-Interest Income Growth (YoY)	17.04%	23.01%	28.86%	14.85%	-2.84%	0.51%
Revenues Before Loan Losses	825.58	752.13	551.1	426.01	378.11	342.95
Provision for Loan Losses	37.93	66.09	241.61	20.45	48.16	19.11
Revenue	787.66	686.04	309.5	405.56	329.95	323.84
Revenue Growth (YoY)	73.37%	121.66%	-23.69%	22.92%	1.89%	34.98%
Salaries and Employee Benefits	269.81	233.73	186.37	152.68	144.98	129.45
Occupancy Expenses	40.53	34.8	26.93	22.86	21.46	19.48
Selling, General & Administrative	12.43	11.82	12.64	11.19	7.86	11.5
Other Non-Interest Expense	190.13	177.41	99.41	92.97	72.77	57.7
Total Non-Interest Expense	512.9	457.76	325.36	279.7	247.07	218.13
EBT Excluding Unusual Items	274.76	228.28	-15.86	125.86	82.88	105.71
Pretax Income	274.76	228.28	-15.86	125.86	82.88	105.71
Income Tax Expense	80.25	83.24	45.27	35.98	26.34	26.59
Earnings From Continuing Operations	194.51	145.03	-61.13	89.88	56.54	79.12
Minority Interest in Earnings	-8.52	-5.01	-2.55	-1.64	-0.12	-0.84
Net Income	185.99	140.03	-63.68	88.24	56.41	78.28
Net Income to Common	185.99	140.03	-63.68	88.24	56.41	78.28
Net Income Growth	-	-	-	56.41%	-27.93%	185.06%
Basic Shares Outstanding	-	852	852	852	852	852
Diluted Shares Outstanding	-	852	852	852	852	852
Shares Change (YoY)	-	-	-	-	-	1.64%
EPS (Basic)	-	0.16	-0.07	0.10	0.07	0.09
EPS (Diluted)	-	0.16	-0.07	0.10	0.07	0.09
EPS Growth	-	-	-	56.45%	-27.95%	180.12%
Effective Tax Rate	29.21%	36.47%	-	28.59%	31.79%	25.15%

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