IST:VAKBN Income Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	628,034	487,995	206,399	87,865	53,519	37,332
Interest Income on Investments	359,915	257,484	114,812	73,579	19,822	10,688
Total Interest Income	987,948	745,480	321,211	161,444	73,340	48,020
Interest Paid on Deposits	707,192	555,573	224,311	60,708	31,014	16,467
Interest Paid on Borrowings	142,359	82,418	39,373	24,929	21,978	11,141
Total Interest Expense	849,551	637,991	263,684	85,637	52,992	27,607
Net Interest Income	138,397	107,489	57,527	75,807	20,349	20,412
Net Interest Income Growth (YoY)	49.47%	86.85%	-24.11%	272.54%	-0.31%	47.87%
Income From Trading Activities	-1,376	-22,947	866.62	1,292	-6,197	58.35
Gain (Loss) on Sale of Assets	1,560	4,666	774.4	1,085	949.3	705.35
Gain (Loss) on Sale of Investments	-256.31	-693	-104.27	-29.18	-26.43	-21.92
Other Non-Interest Income	141,907	114,751	84,600	25,974	13,821	7,043
Total Non-Interest Income	141,834	95,778	86,137	28,322	8,547	7,785
Non-Interest Income Growth (YoY)	58.95%	11.19%	204.13%	231.37%	9.79%	6.09%
Revenues Before Loan Losses	280,232	203,266	143,664	104,128	28,896	28,197
Provision for Loan Losses	76,200	45,916	50,288	27,204	11,941	11,617
Revenue	204,032	157,350	93,376	76,925	16,954	16,580
Revenue Growth (YoY)	55.71%	68.51%	21.39%	353.72%	2.26%	29.68%
Salaries and Employee Benefits	42,689	30,915	15,665	7,473	4,130	3,476
Selling, General & Administrative	3,566	3,402	1,294	893.18	515.16	336.32
Other Non-Interest Expense	68,708	50,091	40,712	27,259	5,780	4,840
Total Non-Interest Expense	113,816	83,491	57,056	35,283	10,331	8,590
EBT Excluding Unusual Items	90,216	73,860	36,320	41,642	6,623	7,989
Asset Writedown	-2.27	-2.27	-2.3	-17.75	-	-4.79
Pretax Income	90,214	73,857	36,318	41,625	6,623	7,985
Income Tax Expense	25,003	20,541	2,231	13,644	1,287	1,577
Earnings From Continuing Operations	65,211	53,317	34,087	27,981	5,336	6,407
Minority Interest in Earnings	-2,459	-4,124	-2,431	-1,418	-169.84	-69.93
Net Income	62,752	49,193	31,656	26,563	5,166	6,337
Net Income to Common	62,752	49,193	31,656	26,563	5,166	6,337
Net Income Growth	30.07%	55.40%	19.17%	414.21%	-18.49%	88.09%
Basic Shares Outstanding	9,565	9,149	8,996	6,293	3,781	3,338
Diluted Shares Outstanding	9,565	9,149	8,996	6,293	3,781	3,338
Shares Change (YoY)	8.67%	1.70%	42.96%	66.42%	13.28%	33.51%
EPS (Basic)	6.56	5.38	3.52	4.22	1.37	1.90
EPS (Diluted)	6.56	5.38	3.52	4.22	1.37	1.90
EPS Growth	19.68%	52.80%	-16.64%	208.97%	-28.04%	40.88%
Effective Tax Rate	27.71%	27.81%	6.14%	32.78%	19.43%	19.75%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.