NCB Financial Group Limited (JMSE: NCBFG)

NCB Financial Group Income Statement

Financials in millions JMD. Fiscal year is October - September.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Interest Income on Loans	107,489	97,729	84,924	74,575	74,422
Interest Income on Investments	2,830	2,896	2,498	2,316	1,901
Total Interest Income	110,319	100,626	87,422	76,891	76,323
Interest Paid on Deposits	47,046	38,592	25,725	25,948	21,932
Net Interest Income	63,273	62,034	61,697	50,943	54,391
Net Interest Income Growth (YoY)	2.00%	0.55%	21.11%	-6.34%	18.58%
Gain (Loss) on Sale of Assets	-21.52	1,330	2,510	248.17	81.53
Gain (Loss) on Sale of Investments	-	-	-	-	8,793
Other Non-Interest Income	65,461	56,162	83,825	73,300	55,846
Total Non-Interest Income	65,440	57,492	86,335	73,548	64,721
Non-Interest Income Growth (YoY)	13.82%	-33.41%	17.39%	13.64%	10.86%
Revenues Before Loan Losses	128,713	119,526	148,032	124,490	119,112
Provision for Loan Losses	8,702	4,159	2,724	3,385	10,285
Revenue	120,011	115,367	145,308	121,105	108,827
Revenue Growth (YoY)	4.03%	-20.61%	19.99%	11.28%	9.45%
Salaries and Employee Benefits	47,696	57,038	46,656	42,072	37,369
Occupancy Expenses	8,392	7,192	8,893	9,310	8,529
Selling, General & Administrative	-	-	10,774	8,500	7,103
Other Non-Interest Expense	38,597	40,194	39,368	34,967	28,565
Total Non-Interest Expense	94,202	104,205	104,959	94,510	81,253
EBT Excluding Unusual Items	25,809	11,162	40,350	26,596	27,573
Pretax Income	25,809	11,162	40,350	26,596	27,573
Income Tax Expense	4,240	3,448	5,217	6,520	690.06
Earnings From Continuing Operations	21,570	7,714	35,132	20,076	26,883
Minority Interest in Earnings	-8,229	-5,206	-11,243	-5,849	-7,793
Net Income	13,340	2,507	23,889	14,227	19,090
Net Income to Common	13,340	2,507	23,889	14,227	19,090
Net Income Growth	432.08%	-89.50%	67.92%	-25.48%	-36.09%
Basic Shares Outstanding	2,373	2,361	2,298	2,276	2,384
Diluted Shares Outstanding	2,373	2,361	2,298	2,276	2,384
Shares Change (YoY)	0.52%	2.74%	0.97%	-4.53%	-1.86%
EPS (Basic)	5.62	1.06	10.39	6.25	8.01
EPS (Diluted)	5.62	1.06	10.39	6.25	8.01
EPS Growth	429.32%	-89.78%	66.30%	-21.94%	-34.88%
Dividend Per Share	2.000	0.500	-	0.500	1.000
Dividend Growth	300.00%	-	-	-50.00%	-72.22%
Effective Tax Rate	16.43%	30.89%	12.93%	24.52%	2.50%

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