PT Bank Sinarmas Tbk (IDX: BSIM)

PT Bank Sinarmas Tbk 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	3,772,406	3,515,811	3,298,457	3,317,979	3,300,261	3,360,860
Interest Paid on Deposits	1,142,197	892,492	765,810	902,182	1,112,057	1,150,357
Net Interest Income	2,630,209	2,623,319	2,532,647	2,415,797	2,188,204	2,210,503
Net Interest Income Growth (YoY)	0.60%	3.58%	4.84%	10.40%	-1.01%	2.06%
Gain (Loss) on Sale of Assets	767	694	443	621	311	25
Gain (Loss) on Sale of Investments	127,931	59,816	29,388	183,738	374,947	8,225
Other Non-Interest Income	601,993	520,968	622,817	720,061	676,557	1,017,467
Total Non-Interest Income	730,691	581,478	652,648	904,420	1,051,815	1,025,717
Non-Interest Income Growth (YoY)	24.47%	-10.90%	-27.84%	-14.01%	2.54%	54.38%
Revenues Before Loan Losses	3,360,900	3,204,797	3,185,295	3,320,217	3,240,019	3,236,220
Provision for Loan Losses	657,271	895,494	599,193	832,151	1,366,010	2,024,718
Revenue	2,703,629	2,309,303	2,586,102	2,488,066	1,874,009	1,211,502
Revenue Growth (YoY)	-4.11%	-10.70%	3.94%	32.77%	54.68%	-32.56%
Salaries and Employee Benefits	1,217,324	1,018,965	903,294	761,502	758,862	677,630
Occupancy Expenses	295,930	267,244	250,324	252,403	245,687	138,558
Selling, General & Administrative	1,428,973	1,196,199	1,129,748	1,147,080	1,125,180	1,043,445
Other Non-Interest Expense	-4,611	83,355	132,908	187,620	263,241	247,171
Total Non-Interest Expense	2,937,616	2,565,763	2,416,274	2,348,605	2,392,970	2,106,804
EBT Excluding Unusual Items	-233,987	-256,460	169,828	139,461	-518,961	-895,302
Asset Writedown	207,825	123,067	88,705	-39	-134	-251
Other Unusual Items	-2,331	-6,695	-152	-483	-219	-23,117
Pretax Income	185,039	73,578	277,211	159,518	116,600	81,893
Income Tax Expense	37,538	-2,218	56,051	31,770	-1,922	75,141
Net Income	84,447	75,796	221,160	127,748	118,522	6,752
Net Income to Common	84,447	75,796	221,160	127,748	118,522	6,752
Net Income Growth	-67.27%	-65.73%	73.12%	7.78%	1655.36%	-86.62%
Basic Shares Outstanding	19,716	19,716	19,716	19,642	17,425	15,829
Diluted Shares Outstanding	19,716	19,716	19,716	19,642	19,754	19,859
Shares Change (YoY)	-	-	0.38%	-0.57%	-0.53%	0.62%
EPS (Basic)	4.28	3.84	11.22	6.50	6.80	0.43
EPS (Diluted)	4.28	3.84	11.22	6.50	6.00	0.34
EPS Growth	-67.27%	-65.73%	72.47%	8.40%	1664.71%	-86.72%
Effective Tax Rate	20.29%	-	20.22%	19.92%	-	91.75%

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