Nedbank Group Limited (JSE: NED)

Nedbank 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	122,361	116,915	82,104	65,772	72,300	83,680
Interest Paid on Deposits	80,401	75,445	45,827	33,272	42,219	53,513
Net Interest Income	41,960	41,470	36,277	32,500	30,081	30,167
Net Interest Income Growth (YoY)	6.59%	14.31%	11.62%	8.04%	-0.29%	4.68%
Income From Trading Activities	4,586	4,299	4,166	4,475	5,252	3,233
Gain (Loss) on Sale of Assets	-62	-59	316	130	-89	-18
Gain (Loss) on Sale of Investments	-	-	-	-	-750	239
Gain (Loss) on Sale of Equity Investments	2,068	2,213	1,694	1,436	-1,114	-
Other Non-Interest Income	23,291	22,639	21,210	19,604	19,926	22,525
Total Non-Interest Income	29,883	29,092	27,386	25,645	23,225	25,979
Non-Interest Income Growth (YoY)	5.63%	6.23%	6.79%	10.42%	-10.60%	0.12%
Revenues Before Loan Losses	71,843	70,562	63,663	58,145	53,306	56,146
Provision for Loan Losses	8,954	9,605	7,381	6,534	13,127	6,129
Revenue	62,889	60,957	56,282	51,611	40,179	50,017
Revenue Growth (YoY)	7.78%	8.31%	9.05%	28.45%	-19.67%	-2.08%
Selling, General & Administrative	1,808	1,808	1,727	1,542	1,313	1,685
Other Non-Interest Expense	36,852	35,352	32,938	32,558	31,542	31,316
Total Non-Interest Expense	40,688	39,188	36,431	34,712	33,125	32,778
EBT Excluding Unusual Items	22,201	21,769	19,851	16,899	7,054	17,239
Asset Writedown	-49	-39	-91	-163	-378	-516
Pretax Income	21,854	21,432	19,760	16,430	6,331	16,606
Income Tax Expense	4,294	4,432	4,330	4,043	1,877	3,796
Earnings From Continuing Operations	17,560	17,000	15,430	12,387	4,454	12,810
Minority Interest in Earnings	-1,662	-1,695	-1,143	-1,149	-987	-809
Net Income	15,898	15,305	14,287	11,238	3,467	12,001
Net Income to Common	15,898	15,305	14,287	11,238	3,467	12,001
Net Income Growth	7.88%	7.13%	27.13%	224.14%	-71.11%	-10.28%
Basic Shares Outstanding	465	473	487	485	483	480
Diluted Shares Outstanding	481	489	501	495	489	487
Shares Change (YoY)	-3.63%	-2.28%	1.17%	1.25%	0.26%	-1.15%
EPS (Basic)	34.18	32.39	29.34	23.17	7.17	25.00
EPS (Diluted)	33.05	31.28	28.54	22.71	7.09	24.62
EPS Growth	11.95%	9.60%	25.67%	220.31%	-71.20%	-9.22%
Dividend Per Share	19.930	18.930	16.490	11.910	-	14.150
Dividend Growth	14.74%	14.80%	38.46%	-	-	0%
Effective Tax Rate	19.65%	20.68%	21.91%	24.61%	29.65%	22.86%

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