Türkiye Sinai Kalkinma Bankasi A.S. (IST: TSKB)

TSKB 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	15,584	11,911	5,500	3,282	2,431	2,266
Interest Income on Investments	10,501	6,894	4,894	1,402	916.71	1,053
Total Interest Income	26,085	18,805	10,394	4,683	3,348	3,320
Interest Paid on Borrowings	11,526	8,064	3,504	1,777	1,314	1,402
Total Interest Expense	11,526	8,064	3,504	1,777	1,314	1,402
Net Interest Income	14,559	10,741	6,890	2,907	2,033	1,918
Net Interest Income Growth (YoY)	78.82%	55.88%	137.06%	42.95%	6.01%	10.60%
Income From Trading Activities	73.07	1,935	2,570	2,000	-56.08	-485.34
Gain (Loss) on Sale of Assets	1.64	1.61	0.21	0.78	0.09	0.94
Other Non-Interest Income	920.81	1,564	-730.18	-971.88	302.64	195.93
Total Non-Interest Income	995.52	3,500	1,840	1,029	246.64	-288.47
Non-Interest Income Growth (YoY)	-71.12%	90.17%	78.88%	317.11%	-	-
Revenues Before Loan Losses	15,554	14,241	8,731	3,935	2,280	1,630
Provision for Loan Losses	2,676	3,219	2,582	1,794	1,012	460.63
Revenue	12,879	11,021	6,149	2,142	1,268	1,169
Revenue Growth (YoY)	46.58%	79.25%	187.11%	68.87%	8.49%	13.17%
Salaries and Employee Benefits	1,401	914.62	436.07	219.2	178.51	156.39
Selling, General & Administrative	29.75	24.81	12.46	6.41	5.76	4.76
Other Non-Interest Expense	1,250	1,589	960.81	556.78	222.26	94.26
Total Non-Interest Expense	1,638	1,532	922.38	653.38	331.87	235.46
EBT Excluding Unusual Items	11,240	9,490	5,226	1,488	936.35	933.47
Pretax Income	11,240	9,490	5,226	1,488	936.35	933.47
Income Tax Expense	2,814	2,340	1,121	390.89	226.87	197.33
Earnings From Continuing Operations	8,426	7,150	4,106	1,097	709.47	736.14
Minority Interest in Earnings	-236.27	-184.88	-125.33	-16.2	2.82	-5.64
Net Income	8,190	6,965	3,980	1,081	712.29	730.5
Net Income to Common	8,190	6,965	3,980	1,081	712.29	730.5
Net Income Growth	46.08%	74.98%	268.18%	51.78%	-2.49%	8.91%
Basic Shares Outstanding	2,799	2,799	2,799	2,801	2,804	2,799
Diluted Shares Outstanding	2,799	2,799	2,799	2,801	2,804	2,799
Shares Change (YoY)	-0.06%	0.01%	-0.06%	-0.13%	0.19%	0.14%
EPS (Basic)	2.93	2.49	1.42	0.39	0.25	0.26
EPS (Diluted)	2.93	2.49	1.42	0.39	0.25	0.26
EPS Growth	46.17%	74.96%	268.39%	51.97%	-2.68%	8.75%
Effective Tax Rate	25.04%	24.65%	21.44%	26.27%	24.23%	21.14%

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