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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	34,746	29,900	17,231	7,577	6,041	4,293
Interest Income on Investments	9,182	9,810	7,591	5,053	3,058	859.7
Total Interest Income	43,929	39,710	24,822	12,630	9,098	5,152
Interest Paid on Deposits	21,505	19,809	11,631	4,162	2,578	2,326
Interest Paid on Borrowings	7,284	6,577	4,922	2,329	1,688	747.4
Total Interest Expense	28,789	26,386	16,553	6,490	4,266	3,073
Net Interest Income	15,140	13,324	8,269	6,140	4,832	2,079
Net Interest Income Growth (YoY)	64.78%	61.14%	34.68%	27.07%	132.43%	25.00%
Income From Trading Activities	2,534	2,867	891.44	232.6	-246.65	1,576
Gain (Loss) on Sale of Assets	189.73	189.73	908.89	887.96	342.65	161.82
Other Non-Interest Income	208.06	-191.02	1,959	2,281	1,647	-1,172
Total Non-Interest Income	2,932	2,865	3,760	3,401	1,743	565.83
Non-Interest Income Growth (YoY)	-24.41%	-23.79%	10.54%	95.11%	208.08%	0.64%
Revenues Before Loan Losses	18,072	16,189	12,029	9,541	6,575	2,645
Provision for Loan Losses	852.11	709.81	151.89	320.34	170.05	360.83
Revenue	17,220	15,480	11,877	9,221	6,405	2,284
Revenue Growth (YoY)	34.55%	30.34%	28.80%	43.96%	180.45%	40.58%
Salaries and Employee Benefits	7,935	7,394	5,038	2,546	1,260	741.52
Selling, General & Administrative	212.24	212.24	217.32	142.96	149.17	79.3
Other Non-Interest Expense	5,544	4,209	3,115	3,303	2,673	970.13
Total Non-Interest Expense	13,691	11,815	8,370	5,992	4,083	1,791
EBT Excluding Unusual Items	3,528	3,665	3,506	3,229	2,322	492.84
Asset Writedown	-0.2	-0.2	-0.7	-0.52	-0.66	-1.18
Legal Settlements	-	-	-	-44.04	-32.58	-7.88
Pretax Income	3,528	3,664	3,506	3,184	2,289	483.78
Income Tax Expense	641.12	806.12	328.04	-3.3	320.62	53.05
Earnings From Continuing Operations	2,887	2,858	3,178	3,187	1,968	430.73
Minority Interest in Earnings	-158.88	-159.63	-279.43	-216.9	-122.58	-16.01
Net Income	2,728	2,699	2,898	2,971	1,846	414.72
Net Income to Common	2,728	2,699	2,898	2,971	1,846	414.72
Net Income Growth	-7.86%	-6.89%	-2.43%	60.96%	345.02%	114.38%
Basic Shares Outstanding	2,361	2,361	1,944	1,733	1,744	1,788
Diluted Shares Outstanding	2,361	2,361	1,944	1,733	1,744	1,788
Shares Change (YoY)	12.71%	21.45%	12.16%	-0.65%	-2.42%	35.84%
EPS (Basic)	1.16	1.14	1.49	1.71	1.06	0.23
EPS (Diluted)	1.16	1.14	1.49	1.71	1.06	0.23
EPS Growth	-18.25%	-23.34%	-13.01%	62.00%	356.03%	57.82%
Dividend Per Share	-	-	0.050	0.062	-	-
Dividend Growth	-	-	-18.78%	-	-	-
Effective Tax Rate	18.17%	22.00%	9.36%	-	14.01%	10.97%

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