Sekerbank T.A.S. (IST:SKBNK)

Sekerbank T.A.S. Income Statement

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	25,572	17,231	7,577	6,041	4,293	2,908
Interest Income on Investments	9,921	7,591	5,053	3,058	859.7	527.58
Total Interest Income	35,493	24,822	12,630	9,098	5,152	3,436
Interest Paid on Deposits	18,040	11,631	4,162	2,578	2,326	1,234
Interest Paid on Borrowings	6,317	4,922	2,329	1,688	747.4	538.99
Total Interest Expense	24,357	16,553	6,490	4,266	3,073	1,773
Net Interest Income	11,136	8,269	6,140	4,832	2,079	1,663
Net Interest Income Growth (YoY)	37.73%	34.68%	27.07%	132.43%	25.00%	40.88%
Income From Trading Activities	2,574	891.44	232.6	-246.65	1,576	26.25
Gain (Loss) on Sale of Assets	1,347	908.89	887.96	342.65	161.82	77.46
Gain (Loss) on Sale of Investments	-43.27	-	-	-	-	0.46
Other Non-Interest Income	-139.19	1,959	2,281	1,647	-1,172	458.08
Total Non-Interest Income	3,738	3,760	3,401	1,743	565.83	562.25
Non-Interest Income Growth (YoY)	5.51%	10.54%	95.11%	208.08%	0.64%	-20.55%
Revenues Before Loan Losses	14,874	12,029	9,541	6,575	2,645	2,225
Provision for Loan Losses	509.77	151.89	320.34	170.05	360.83	600.69
Revenue	14,364	11,877	9,221	6,405	2,284	1,625
Revenue Growth (YoY)	24.25%	28.80%	43.96%	180.45%	40.58%	245.84%
Salaries and Employee Benefits	6,900	5,038	2,546	1,260	741.52	568.75
Selling, General & Administrative	248.58	217.32	142.96	149.17	79.3	52.27
Other Non-Interest Expense	3,936	3,096	3,303	2,673	970.13	783.41
Total Non-Interest Expense	11,085	8,351	5,992	4,083	1,791	1,404
EBT Excluding Unusual Items	3,280	3,525	3,229	2,322	492.84	220.17
Asset Writedown	-0.29	-0.7	-0.52	-0.66	-1.18	-3.39
Legal Settlements	-5.91	-18.7	-44.04	-32.58	-7.88	-5.55
Other Unusual Items	-	-	-	-	-	36.35
Pretax Income	3,274	3,506	3,184	2,289	483.78	247.58
Income Tax Expense	226.71	328.04	-3.3	320.62	53.05	42.03
Earnings From Continuing Operations	3,047	3,178	3,187	1,968	430.73	205.55
Minority Interest in Earnings	-309.4	-279.43	-216.9	-122.58	-16.01	-12.1
Net Income	2,738	2,898	2,971	1,846	414.72	193.45
Net Income to Common	2,738	2,898	2,971	1,846	414.72	193.45
Net Income Growth	-14.42%	-2.43%	60.96%	345.02%	114.38%	-
Basic Shares Outstanding	2,252	1,944	1,733	1,744	1,788	1,316
Diluted Shares Outstanding	2,252	1,944	1,733	1,744	1,788	1,316
Shares Change (YoY)	24.91%	12.16%	-0.65%	-2.42%	35.84%	27.85%
EPS (Basic)	1.22	1.49	1.71	1.06	0.23	0.15
EPS (Diluted)	1.22	1.49	1.71	1.06	0.23	0.15
EPS Growth	-31.49%	-13.01%	62.00%	356.03%	57.82%	-
Dividend Per Share	0.050	0.050	0.062	-	-	-
Dividend Growth	-18.78%	-18.78%	-	-	-	-
Effective Tax Rate	6.93%	9.36%	-	14.01%	10.97%	16.98%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.