Scotia Group Jamaica Limited (JMSE: SGJ)

Scotia Group Jamaica Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jul 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Interest Income on Loans	38,502	32,597	24,847	20,653	23,248	23,203
Interest Income on Investments	8,240	8,240	6,357	3,915	3,981	4,525
Total Interest Income	46,742	40,837	31,204	24,568	27,229	27,729
Interest Paid on Deposits	1,973	1,380	579.79	1,856	2,371	2,610
Net Interest Income	44,769	39,457	30,624	22,711	24,858	25,119
Net Interest Income Growth (YoY)	17.08%	28.84%	34.84%	-8.63%	-1.04%	-0.35%
Gain (Loss) on Sale of Assets	159.95	159.95	290.1	6.51	3.08	185.93
Gain (Loss) on Sale of Investments	314.61	312.51	-142.19	604.43	940.87	1,477
Other Non-Interest Income	15,361	15,535	11,731	16,341	17,064	18,395
Total Non-Interest Income	15,836	16,007	11,879	16,952	18,008	20,058
Non-Interest Income Growth (YoY)	14.09%	34.75%	-29.92%	-5.86%	-10.22%	17.97%
Revenues Before Loan Losses	60,605	55,464	42,503	39,663	42,865	45,177
Provision for Loan Losses	3,633	2,396	3,057	2,809	5,845	2,596
Revenue	56,972	53,068	39,446	36,854	37,020	42,581
Revenue Growth (YoY)	14.90%	34.53%	7.03%	-0.45%	-13.06%	5.68%
Salaries and Employee Benefits	12,098	11,080	9,806	9,438	10,587	11,101
Occupancy Expenses	2,602	2,459	2,475	2,332	2,411	2,131
Amortization of Goodwill & Intangibles	-43.07	24.87	119.65	97.67	117.56	154.76
Selling, General & Administrative	768.89	768.89	503.58	357.11	547.23	478.69
Other Non-Interest Expense	13,941	13,295	11,805	12,914	11,137	10,233
Total Non-Interest Expense	29,367	27,628	24,709	25,139	24,800	24,099
EBT Excluding Unusual Items	27,606	25,440	14,737	11,715	12,220	18,483
Other Unusual Items	-	-	629.03	953.78	1,177	-
Pretax Income	27,606	25,440	15,366	12,669	13,397	18,483
Income Tax Expense	8,941	8,212	5,046	4,030	4,345	5,293
Earnings From Continuing Operations	18,665	17,229	10,320	8,639	9,052	13,190
Net Income	18,665	17,229	10,320	8,639	9,052	13,190
Net Income to Common	18,665	17,229	10,320	8,639	9,052	13,190
Net Income Growth	20.11%	66.95%	19.46%	-4.56%	-31.37%	3.28%
Basic Shares Outstanding	3,113	3,112	3,112	3,112	3,112	3,112
Diluted Shares Outstanding	3,113	3,112	3,112	3,112	3,112	3,112
Shares Change (YoY)	0.07%	-	-	-	-	-
EPS (Basic)	6.00	5.54	3.32	2.78	2.91	4.24
EPS (Diluted)	6.00	5.54	3.32	2.78	2.91	4.24
EPS Growth	20.02%	66.95%	19.46%	-4.56%	-31.37%	3.28%
Dividend Per Share	1.650	1.400	1.400	1.450	1.550	2.080
Dividend Growth	22.22%	0%	-3.45%	-6.45%	-25.48%	6.67%
Effective Tax Rate	32.39%	32.28%	32.84%	31.81%	32.43%	28.64%

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