Íslandsbanki hf. (ICE: ISB)

Íslandsbanki Income Statement

Financials in millions ISK. 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	138,148	126,095	87,671	58,625	53,378	61,965
Interest Income on Investments	8,411	11,047	6,342	-	2,317	-
Total Interest Income	146,559	137,142	94,013	58,625	55,695	61,965
Interest Paid on Deposits	98,439	88,531	50,887	24,582	22,324	29,143
Net Interest Income	48,120	48,611	43,126	34,043	33,371	32,822
Net Interest Income Growth (YoY)	-2.25%	12.72%	26.68%	2.01%	1.67%	2.77%
Gain (Loss) on Sale of Assets	40	219	12	-	-	-
Gain (Loss) on Sale of Investments	-	-	158	60	-	-
Gain (Loss) on Sale of Equity Investments	648	207	40	73	44	63
Other Non-Interest Income	14,858	15,200	13,900	15,996	9,738	11,177
Total Non-Interest Income	15,546	15,626	14,110	16,129	9,782	11,240
Non-Interest Income Growth (YoY)	5.47%	10.74%	-12.52%	64.88%	-12.97%	-13.87%
Revenues Before Loan Losses	63,666	64,237	57,236	50,172	43,153	44,062
Provision for Loan Losses	709	1,015	-1,576	-3,018	8,816	3,480
Revenue	62,957	63,222	58,812	53,190	34,337	40,582
Revenue Growth (YoY)	-0.56%	7.50%	10.57%	54.91%	-15.39%	-10.91%
Salaries and Employee Benefits	15,946	15,003	13,452	13,397	12,917	14,019
Federal Deposit Insurance	-	-	165	688	679	936
Selling, General & Administrative	470	860	300	-	-	-
Other Non-Interest Expense	14,165	13,611	12,024	11,482	11,417	13,997
Total Non-Interest Expense	30,581	29,474	25,941	25,567	25,013	28,952
EBT Excluding Unusual Items	32,376	33,748	32,871	27,623	9,324	11,630
Legal Settlements	-	-	-	-	-	1,103
Pretax Income	33,196	33,748	32,871	27,623	9,324	12,733
Income Tax Expense	9,105	9,198	8,485	5,119	2,472	3,909
Earnings From Continuing Operations	24,091	24,550	24,386	22,504	6,852	8,824
Earnings From Discontinued Operations	100	35	149	1,221	-97	-370
Minority Interest in Earnings	-	-	-	7	306	355
Net Income	24,191	24,585	24,535	23,732	7,061	8,809
Net Income to Common	24,191	24,585	24,535	23,732	7,061	8,809
Net Income Growth	-0.61%	0.20%	3.38%	236.10%	-19.84%	-20.18%
Basic Shares Outstanding	1,955	1,992	2,000	2,000	2,000	2,000
Diluted Shares Outstanding	1,955	1,992	2,000	2,000	2,000	2,000
Shares Change (YoY)	-2.05%	-0.40%	-	-	-	-
EPS (Basic)	12.38	12.34	12.27	11.87	3.53	4.40
EPS (Diluted)	12.38	12.34	12.27	11.87	3.53	4.40
EPS Growth	1.48%	0.61%	3.38%	236.10%	-19.84%	-20.18%
Dividend Per Share	6.260	6.260	6.150	5.950	8.500	-
Dividend Growth	1.79%	1.79%	3.36%	-30.00%	-	-
Effective Tax Rate	27.43%	27.25%	25.81%	18.53%	26.51%	30.70%

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