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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	17,454	11,911	5,500	3,282	2,431	2,266
Interest Income on Investments	11,602	6,894	4,894	1,402	916.71	1,053
Total Interest Income	29,055	18,805	10,394	4,683	3,348	3,320
Interest Paid on Borrowings	13,502	8,064	3,504	1,777	1,314	1,402
Total Interest Expense	13,502	8,064	3,504	1,777	1,314	1,402
Net Interest Income	15,553	10,741	6,890	2,907	2,033	1,918
Net Interest Income Growth (YoY)	73.44%	55.88%	137.06%	42.95%	6.01%	10.60%
Income From Trading Activities	-2,135	1,935	2,570	2,000	-56.08	-485.34
Gain (Loss) on Sale of Assets	0.65	1.61	0.21	0.78	0.09	0.94
Other Non-Interest Income	3,085	1,564	-730.18	-971.88	302.64	195.93
Total Non-Interest Income	950.76	3,500	1,840	1,029	246.64	-288.47
Non-Interest Income Growth (YoY)	-72.46%	90.17%	78.88%	317.11%	-	-
Revenues Before Loan Losses	16,504	14,241	8,731	3,935	2,280	1,630
Provision for Loan Losses	2,422	3,219	2,582	1,794	1,012	460.63
Revenue	14,082	11,021	6,149	2,142	1,268	1,169
Revenue Growth (YoY)	37.41%	79.25%	187.11%	68.87%	8.49%	13.17%
Salaries and Employee Benefits	1,628	914.62	436.07	219.2	178.51	156.39
Selling, General & Administrative	37.62	24.81	12.46	6.41	5.76	4.76
Other Non-Interest Expense	1,219	1,589	960.81	556.78	222.26	94.26
Total Non-Interest Expense	1,909	1,532	922.38	653.38	331.87	235.46
EBT Excluding Unusual Items	12,173	9,490	5,226	1,488	936.35	933.47
Pretax Income	12,173	9,490	5,226	1,488	936.35	933.47
Income Tax Expense	2,978	2,340	1,121	390.89	226.87	197.33
Earnings From Continuing Operations	9,195	7,150	4,106	1,097	709.47	736.14
Minority Interest in Earnings	-171.77	-184.88	-125.33	-16.2	2.82	-5.64
Net Income	9,023	6,965	3,980	1,081	712.29	730.5
Net Income to Common	9,023	6,965	3,980	1,081	712.29	730.5
Net Income Growth	42.18%	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)	0.02%	0.01%	-0.06%	-0.13%	0.19%	0.14%
EPS (Basic)	3.22	2.49	1.42	0.39	0.25	0.26
EPS (Diluted)	3.22	2.49	1.42	0.39	0.25	0.26
EPS Growth	42.16%	74.96%	268.39%	51.97%	-2.68%	8.75%
Effective Tax Rate	24.46%	24.65%	21.44%	26.27%	24.23%	21.14%

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