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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	19,401	17,231	7,577	6,041	4,293	2,908
Interest Income on Investments	9,171	7,591	5,053	3,058	859.7	527.58
Total Interest Income	28,573	24,822	12,630	9,098	5,152	3,436
Interest Paid on Deposits	13,892	11,631	4,162	2,578	2,326	1,234
Interest Paid on Borrowings	5,493	4,922	2,329	1,688	747.4	538.99
Total Interest Expense	19,385	16,553	6,490	4,266	3,073	1,773
Net Interest Income	9,188	8,269	6,140	4,832	2,079	1,663
Net Interest Income Growth (YoY)	39.84%	34.68%	27.07%	132.43%	25.00%	40.88%
Income From Trading Activities	1,647	891.44	232.6	-246.65	1,576	26.25
Gain (Loss) on Sale of Assets	783.13	908.89	887.96	342.65	161.82	77.46
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.46
Other Non-Interest Income	1,482	1,959	2,281	1,647	-1,172	458.08
Total Non-Interest Income	3,912	3,760	3,401	1,743	565.83	562.25
Non-Interest Income Growth (YoY)	1.70%	10.54%	95.11%	208.08%	0.64%	-20.55%
Revenues Before Loan Losses	13,100	12,029	9,541	6,575	2,645	2,225
Provision for Loan Losses	268.43	151.89	320.34	170.05	360.83	600.69
Revenue	12,832	11,877	9,221	6,405	2,284	1,625
Revenue Growth (YoY)	24.35%	28.80%	43.96%	180.45%	40.58%	245.84%
Salaries and Employee Benefits	5,689	5,038	2,546	1,260	741.52	568.75
Selling, General & Administrative	225.07	217.32	142.96	149.17	79.3	52.27
Other Non-Interest Expense	3,113	3,096	3,303	2,673	970.13	783.41
Total Non-Interest Expense	9,027	8,351	5,992	4,083	1,791	1,404
EBT Excluding Unusual Items	3,805	3,525	3,229	2,322	492.84	220.17
Asset Writedown	-0.7	-0.7	-0.52	-0.66	-1.18	-3.39
Legal Settlements	-7.76	-18.7	-44.04	-32.58	-7.88	-5.55
Other Unusual Items	-	-	-	-	-	36.35
Pretax Income	3,796	3,506	3,184	2,289	483.78	247.58
Income Tax Expense	563.72	328.04	-3.3	320.62	53.05	42.03
Earnings From Continuing Operations	3,233	3,178	3,187	1,968	430.73	205.55
Minority Interest in Earnings	-271.93	-279.43	-216.9	-122.58	-16.01	-12.1
Net Income	2,961	2,898	2,971	1,846	414.72	193.45
Net Income to Common	2,961	2,898	2,971	1,846	414.72	193.45
Net Income Growth	-5.34%	-2.43%	60.96%	345.02%	114.38%	-
Basic Shares Outstanding	2,109	1,944	1,733	1,744	1,788	1,316
Diluted Shares Outstanding	2,109	1,944	1,733	1,744	1,788	1,316
Shares Change (YoY)	21.83%	12.16%	-0.65%	-2.42%	35.84%	27.85%
EPS (Basic)	1.40	1.49	1.71	1.06	0.23	0.15
EPS (Diluted)	1.40	1.49	1.71	1.06	0.23	0.15
EPS Growth	-22.30%	-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	14.85%	9.36%	-	14.01%	10.97%	16.98%

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