PT Bank Raya Indonesia Tbk (IDX: AGRO)

AGRO Income Statement

Financials in millions IDR. 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	954,106	890,959	1,029,970	1,647,185	1,931,525	2,054,838
Interest Paid on Deposits	425,329	403,130	369,535	773,616	1,306,889	1,361,627
Net Interest Income	528,777	487,829	660,436	873,569	624,636	693,211
Net Interest Income Growth (YoY)	-1.54%	-26.14%	-24.40%	39.85%	-9.89%	2.56%
Gain (Loss) on Sale of Assets	472.25	1,145	1,673	620.89	5.75	26.84
Gain (Loss) on Sale of Investments	564,486	397,122	590,835	86,407	52,510	50,321
Other Non-Interest Income	4,660	16,445	21,863	24,347	18,838	23,545
Total Non-Interest Income	569,619	414,712	614,372	111,376	71,353	73,893
Non-Interest Income Growth (YoY)	-18.40%	-32.50%	451.62%	56.09%	-3.44%	89.36%
Revenues Before Loan Losses	1,098,396	902,541	1,274,807	984,944	695,989	767,103
Provision for Loan Losses	443,184	156,401	581,058	3,885,062	322,513	383,543
Revenue	655,211	746,140	693,749	-2,900,118	373,476	383,560
Revenue Growth (YoY)	-16.40%	7.55%	-	-	-2.63%	-31.60%
Salaries and Employee Benefits	323,940	313,341	294,883	234,828	191,008	183,090
Selling, General & Administrative	263,877	303,644	286,079	165,932	121,767	124,324
Other Non-Interest Expense	12,284	4,017	1,426	1,978	3,005	4,567
Total Non-Interest Expense	599,188	617,749	577,563	403,013	309,365	309,303
EBT Excluding Unusual Items	56,023	128,391	116,186	-3,303,131	64,111	74,257
Legal Settlements	-6,452	-	-	-	-39.17	-59.19
Pretax Income	49,571	128,391	116,186	-3,303,131	64,072	74,198
Income Tax Expense	14,469	104,040	104,726	-257,430	32,811	23,137
Net Income	35,101	24,351	11,461	-3,045,701	31,261	51,061
Net Income to Common	35,101	24,351	11,461	-3,045,701	31,261	51,061
Net Income Growth	555.30%	112.48%	-	-	-38.78%	-75.00%
Basic Shares Outstanding	24,809	24,740	22,750	21,521	21,343	21,343
Diluted Shares Outstanding	24,809	24,740	22,751	21,521	21,380	21,343
Shares Change (YoY)	4.78%	8.75%	5.71%	0.66%	0.17%	9.45%
EPS (Basic)	1.41	0.98	0.50	-141.52	1.46	2.39
EPS (Diluted)	1.41	0.98	0.50	-141.52	1.46	2.39
EPS Growth	534.37%	96.00%	-	-	-38.91%	-77.17%
Effective Tax Rate	29.19%	81.03%	90.14%	-	51.21%	31.18%

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