NCB Financial Group Limited (JMSE: NCBFG)

NCB Financial Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Interest Income on Loans	108,576	101,296	84,924	74,575	74,422	65,068
Interest Income on Investments	2,813	2,831	2,498	2,316	1,901	1,275
Total Interest Income	111,389	104,127	87,422	76,891	76,323	66,343
Interest Paid on Deposits	45,316	38,495	25,725	25,948	21,932	20,473
Net Interest Income	66,073	65,632	61,697	50,943	54,391	45,870
Net Interest Income Growth (YoY)	41.05%	6.38%	21.11%	-6.34%	18.58%	28.50%
Gain (Loss) on Sale of Assets	1,330	1,330	2,510	248.17	81.53	2,693
Gain (Loss) on Sale of Investments	-	-	-	-	8,793	21,033
Other Non-Interest Income	86,821	75,600	83,825	73,300	55,846	34,657
Total Non-Interest Income	88,151	76,930	86,335	73,548	64,721	58,383
Non-Interest Income Growth (YoY)	7.62%	-10.89%	17.39%	13.64%	10.86%	59.01%
Revenues Before Loan Losses	154,224	142,562	148,032	124,490	119,112	104,253
Provision for Loan Losses	7,026	5,303	2,724	3,385	10,285	4,825
Revenue	147,198	137,259	145,308	121,105	108,827	99,428
Revenue Growth (YoY)	18.77%	-5.54%	19.99%	11.28%	9.45%	41.13%
Salaries and Employee Benefits	54,546	56,794	46,656	42,072	37,369	29,609
Occupancy Expenses	8,310	7,394	8,893	9,310	8,529	6,941
Selling, General & Administrative	11,380	11,380	10,774	8,500	7,103	5,925
Other Non-Interest Expense	44,270	42,106	39,368	34,967	28,565	22,261
Total Non-Interest Expense	117,926	117,297	104,959	94,510	81,253	61,840
EBT Excluding Unusual Items	29,272	19,962	40,350	26,596	27,573	37,588
Pretax Income	29,272	19,962	40,350	26,596	27,573	37,588
Income Tax Expense	4,636	4,626	5,217	6,520	690.06	6,423
Earnings From Continuing Operations	24,636	15,336	35,132	20,076	26,883	31,165
Minority Interest in Earnings	-11,877	-7,744	-11,243	-5,849	-7,793	-1,296
Net Income	12,759	7,592	23,889	14,227	19,090	29,869
Net Income to Common	12,759	7,592	23,889	14,227	19,090	29,869
Net Income Growth	-7.21%	-68.22%	67.92%	-25.48%	-36.09%	6.83%
Basic Shares Outstanding	2,346	2,299	2,298	2,276	2,384	2,429
Diluted Shares Outstanding	2,346	2,299	2,298	2,276	2,384	2,429
Shares Change (YoY)	2.11%	0.05%	0.97%	-4.53%	-1.86%	-0.99%
EPS (Basic)	5.44	3.30	10.39	6.25	8.01	12.30
EPS (Diluted)	5.44	3.30	10.39	6.25	8.01	12.30
EPS Growth	-9.13%	-68.23%	66.30%	-21.94%	-34.88%	7.90%
Dividend Per Share	2.000	0.500	-	0.500	1.000	3.600
Dividend Growth	-	-	-	-50.00%	-72.22%	28.57%
Effective Tax Rate	15.84%	23.17%	12.93%	24.52%	2.50%	17.09%

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