Absa Group Limited (JSE: ABG)

Absa Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	160,673	151,693	110,315	87,844	91,264	96,040
Interest Income on Investments	2,878	2,769	1,917	1,651	1,787	1,798
Total Interest Income	163,551	154,462	112,232	89,495	93,051	97,838
Interest Paid on Deposits	93,255	86,407	51,734	36,173	44,194	51,337
Net Interest Income	70,296	68,055	60,498	53,322	48,857	46,501
Net Interest Income Growth (YoY)	8.17%	12.49%	13.46%	9.14%	5.07%	6.28%
Income From Trading Activities	-	-	-	-	-	5,408
Gain (Loss) on Sale of Assets	173	34	20	96	72	59
Gain (Loss) on Sale of Investments	2,137	2,642	-532	2,704	2,199	1,600
Other Non-Interest Income	33,825	33,911	36,745	29,719	30,470	26,540
Total Non-Interest Income	36,135	36,587	36,233	32,519	32,741	33,607
Non-Interest Income Growth (YoY)	-3.05%	0.98%	11.42%	-0.68%	-2.58%	2.70%
Revenues Before Loan Losses	106,431	104,642	96,731	85,841	81,598	80,108
Provision for Loan Losses	15,564	15,535	13,703	8,499	20,569	7,816
Revenue	90,867	89,107	83,028	77,342	61,029	72,292
Revenue Growth (YoY)	6.34%	7.32%	7.35%	26.73%	-15.58%	3.05%
Selling, General & Administrative	2,975	2,833	2,382	1,824	2,160	1,920
Other Non-Interest Expense	57,012	54,658	49,211	48,560	48,006	48,523
Total Non-Interest Expense	60,863	58,398	52,186	50,252	50,202	50,222
EBT Excluding Unusual Items	30,004	30,709	30,842	27,090	10,827	22,070
Asset Writedown	-940	-459	-612	-368	-456	-318
Pretax Income	29,064	30,250	30,356	26,724	10,369	21,752
Income Tax Expense	7,113	7,687	7,952	7,299	3,156	5,772
Earnings From Continuing Operations	21,951	22,563	22,404	19,425	7,213	15,980
Minority Interest in Earnings	-3,007	-2,672	-2,139	-1,662	-1,333	-1,724
Net Income	18,944	19,891	20,265	17,763	5,880	14,256
Net Income to Common	18,944	19,891	20,265	17,763	5,880	14,256
Net Income Growth	-8.36%	-1.85%	14.09%	202.09%	-58.75%	2.44%
Basic Shares Outstanding	829	829	829	830	826	830
Diluted Shares Outstanding	830	831	834	832	827	831
Shares Change (YoY)	-0.24%	-0.32%	0.28%	0.60%	-0.55%	-0.06%
EPS (Basic)	22.86	24.00	24.43	21.40	7.12	17.18
EPS (Diluted)	22.82	23.93	24.30	21.36	7.11	17.15
EPS Growth	-8.14%	-1.53%	13.77%	200.30%	-58.53%	2.50%
Dividend Per Share	13.700	13.700	13.000	7.850	-	11.250
Dividend Growth	2.62%	5.38%	65.61%	-	-	1.35%
Effective Tax Rate	24.47%	25.41%	26.20%	27.31%	30.44%	26.54%

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