Türkiye Vakiflar Bankasi Türk Anonim Ortakligi (IST:VAKBN)

IST:VAKBN 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	487,856	487,995	206,399	87,865	53,519	37,332
Interest Income on Investments	342,737	257,484	114,812	73,579	19,822	10,688
Total Interest Income	830,593	745,480	321,211	161,444	73,340	48,020
Interest Paid on Deposits	618,975	555,573	224,311	60,708	31,014	16,467
Interest Paid on Borrowings	100,317	82,418	39,373	24,929	21,978	11,141
Total Interest Expense	719,291	637,991	263,684	85,637	52,992	27,607
Net Interest Income	111,301	107,489	57,527	75,807	20,349	20,412
Net Interest Income Growth (YoY)	60.40%	86.85%	-24.11%	272.54%	-0.31%	47.87%
Income From Trading Activities	-11,201	-22,947	866.62	1,292	-6,197	58.35
Gain (Loss) on Sale of Assets	4,773	4,666	774.4	1,085	949.3	705.35
Gain (Loss) on Sale of Investments	-683.37	-693	-104.27	-29.18	-26.43	-21.92
Other Non-Interest Income	127,191	114,751	84,600	25,974	13,821	7,043
Total Non-Interest Income	120,080	95,778	86,137	28,322	8,547	7,785
Non-Interest Income Growth (YoY)	39.36%	11.19%	204.13%	231.37%	9.79%	6.09%
Revenues Before Loan Losses	231,381	203,266	143,664	104,128	28,896	28,197
Provision for Loan Losses	56,933	45,916	50,288	27,204	11,941	11,617
Revenue	174,449	157,350	93,376	76,925	16,954	16,580
Revenue Growth (YoY)	72.69%	68.51%	21.39%	353.72%	2.26%	29.68%
Salaries and Employee Benefits	34,539	30,915	15,665	7,473	4,130	3,476
Selling, General & Administrative	3,615	3,402	1,294	893.18	515.16	336.32
Other Non-Interest Expense	55,481	50,091	40,712	27,259	5,780	4,840
Total Non-Interest Expense	92,610	83,491	57,056	35,283	10,331	8,590
EBT Excluding Unusual Items	81,838	73,860	36,320	41,642	6,623	7,989
Asset Writedown	-2.27	-2.27	-2.3	-17.75	-	-4.79
Pretax Income	81,836	73,857	36,318	41,625	6,623	7,985
Income Tax Expense	19,856	20,541	2,231	13,644	1,287	1,577
Earnings From Continuing Operations	61,979	53,317	34,087	27,981	5,336	6,407
Minority Interest in Earnings	-4,214	-4,124	-2,431	-1,418	-169.84	-69.93
Net Income	57,766	49,193	31,656	26,563	5,166	6,337
Net Income to Common	57,766	49,193	31,656	26,563	5,166	6,337
Net Income Growth	46.28%	55.40%	19.17%	414.21%	-18.49%	88.09%
Basic Shares Outstanding	9,141	9,149	8,996	6,293	3,781	3,338
Diluted Shares Outstanding	9,141	9,149	8,996	6,293	3,781	3,338
Shares Change (YoY)	-2.57%	1.70%	42.96%	66.42%	13.28%	33.51%
EPS (Basic)	6.32	5.38	3.52	4.22	1.37	1.90
EPS (Diluted)	6.32	5.38	3.52	4.22	1.37	1.90
EPS Growth	50.15%	52.80%	-16.64%	208.97%	-28.04%	40.88%
Effective Tax Rate	24.26%	27.81%	6.14%	32.78%	19.43%	19.75%

Updated Feb 17, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.