Scotia Group Jamaica Limited (JMSE: SGJ)

Scotia Group Jamaica Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Oct 31, 2024	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Interest Income on Loans	48,345	48,345	32,597	24,847	20,653	23,248
Interest Income on Investments	-	-	8,240	6,357	3,915	3,981
Total Interest Income	48,345	48,345	40,837	31,204	24,568	27,229
Interest Paid on Deposits	2,040	2,040	1,380	579.79	1,856	2,371
Net Interest Income	46,304	46,304	39,457	30,624	22,711	24,858
Net Interest Income Growth (YoY)	17.35%	17.35%	28.84%	34.84%	-8.63%	-1.04%
Gain (Loss) on Sale of Assets	-	-	159.95	290.1	6.51	3.08
Gain (Loss) on Sale of Investments	417.03	417.03	312.51	-142.19	604.43	940.87
Other Non-Interest Income	16,555	16,555	15,535	11,731	16,341	17,064
Total Non-Interest Income	16,972	16,972	16,007	11,879	16,952	18,008
Non-Interest Income Growth (YoY)	6.03%	6.03%	34.75%	-29.92%	-5.86%	-10.22%
Revenues Before Loan Losses	63,276	63,276	55,464	42,503	39,663	42,865
Provision for Loan Losses	4,157	4,157	2,396	3,057	2,809	5,845
Revenue	59,119	59,119	53,068	39,446	36,854	37,020
Revenue Growth (YoY)	11.40%	11.40%	34.53%	7.03%	-0.45%	-13.06%
Salaries and Employee Benefits	11,807	11,807	11,080	9,806	9,438	10,587
Occupancy Expenses	2,791	2,791	2,459	2,475	2,332	2,411
Amortization of Goodwill & Intangibles	20.95	20.95	24.87	119.65	97.67	117.56
Selling, General & Administrative	-	-	768.89	503.58	357.11	547.23
Other Non-Interest Expense	14,796	14,796	13,295	11,805	12,914	11,137
Total Non-Interest Expense	29,415	29,415	27,628	24,709	25,139	24,800
EBT Excluding Unusual Items	29,704	29,704	25,440	14,737	11,715	12,220
Other Unusual Items	-	-	-	629.03	953.78	1,177
Pretax Income	29,704	29,704	25,440	15,366	12,669	13,397
Income Tax Expense	9,546	9,546	8,212	5,046	4,030	4,345
Earnings From Continuing Operations	20,158	20,158	17,229	10,320	8,639	9,052
Net Income	20,158	20,158	17,229	10,320	8,639	9,052
Net Income to Common	20,158	20,158	17,229	10,320	8,639	9,052
Net Income Growth	17.00%	17.00%	66.95%	19.46%	-4.56%	-31.37%
Basic Shares Outstanding	3,111	3,111	3,112	3,112	3,112	3,112
Diluted Shares Outstanding	3,111	3,111	3,112	3,112	3,112	3,112
Shares Change (YoY)	-0.03%	-0.03%	-	-	-	-
EPS (Basic)	6.48	6.48	5.54	3.32	2.78	2.91
EPS (Diluted)	6.48	6.48	5.54	3.32	2.78	2.91
EPS Growth	17.03%	17.03%	66.95%	19.46%	-4.56%	-31.37%
Dividend Per Share	1.700	1.700	1.400	1.400	1.450	1.550
Dividend Growth	21.43%	21.43%	0%	-3.45%	-6.45%	-25.48%
Effective Tax Rate	32.14%	32.14%	32.28%	32.84%	31.81%	32.43%

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