QNB Finansbank A.S. (IST: QNBFB)

QNB Finansbank A.S. Income Statement

Financials in millions TRY. 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	149,466	85,765	41,901	20,962	14,308	15,741
Interest Income on Investments	69,440	43,843	25,112	5,956	3,413	3,414
Total Interest Income	218,906	129,608	67,013	26,918	17,721	19,155
Interest Paid on Deposits	128,038	73,398	18,739	8,895	4,208	7,817
Interest Paid on Borrowings	30,333	17,872	9,689	5,188	3,233	3,495
Total Interest Expense	158,371	91,270	28,429	14,083	7,440	11,312
Net Interest Income	60,535	38,339	38,584	12,836	10,281	7,843
Net Interest Income Growth (YoY)	66.49%	-0.64%	200.60%	24.85%	31.08%	-0.51%
Income From Trading Activities	-28,664	-6,453	-5,272	-6,320	-2,877	-1,193
Gain (Loss) on Sale of Assets	-0.15	-0.08	-0.06	-0.84	-0.96	-0.49
Gain (Loss) on Sale of Investments	-	-	-	-	-	-47.46
Other Non-Interest Income	53,393	42,894	13,366	7,277	3,002	2,823
Total Non-Interest Income	24,729	36,441	8,094	955.84	123.56	1,582
Non-Interest Income Growth (YoY)	0.38%	350.21%	746.81%	673.60%	-92.19%	43.15%
Revenues Before Loan Losses	85,264	74,779	46,678	13,791	10,404	9,425
Provision for Loan Losses	11,381	12,125	5,096	3,311	2,530	1,919
Revenue	73,883	62,655	41,582	10,480	7,874	7,506
Revenue Growth (YoY)	42.31%	50.68%	296.77%	33.09%	4.91%	12.44%
Salaries and Employee Benefits	14,776	9,924	4,800	2,340	2,029	1,827
Selling, General & Administrative	2,062	1,762	1,604	-	-	369.08
Other Non-Interest Expense	11,177	11,725	10,743	3,113	2,563	1,910
Total Non-Interest Expense	28,015	23,411	16,928	5,345	4,494	4,016
EBT Excluding Unusual Items	45,867	39,244	24,654	5,135	3,381	3,489
Pretax Income	45,867	39,244	24,654	5,135	3,381	3,489
Income Tax Expense	9,226	6,066	7,428	1,227	626.07	624.7
Earnings From Continuing Operations	36,642	33,178	17,226	3,908	2,755	2,865
Minority Interest in Earnings	-4.92	-4.97	-2.42	-1.21	-0.84	-0.55
Net Income	36,637	33,173	17,224	3,907	2,754	2,864
Net Income to Common	36,637	33,173	17,224	3,907	2,754	2,864
Net Income Growth	55.24%	92.60%	340.88%	41.86%	-3.85%	11.33%
Basic Shares Outstanding	3,350	3,350	3,350	3,350	3,350	3,350
Diluted Shares Outstanding	3,350	3,350	3,350	3,350	3,350	3,350
EPS (Basic)	10.94	9.90	5.14	1.17	0.82	0.85
EPS (Diluted)	10.94	9.90	5.14	1.17	0.82	0.85
EPS Growth	55.24%	92.60%	340.88%	41.86%	-3.85%	11.33%
Effective Tax Rate	20.11%	15.46%	30.13%	23.90%	18.52%	17.90%

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