Standard Bank Group Limited (JSE: SBK)

Standard Bank 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	-	193,290	134,875	100,753	108,673	125,863
Interest Income on Investments	-	2,967	2,105	-	-	-
Total Interest Income	-	196,257	136,980	100,753	108,673	125,863
Interest Paid on Deposits	-	95,102	56,484	36,776	45,600	61,024
Net Interest Income	104,559	101,155	80,496	63,977	63,073	64,839
Net Interest Income Growth (YoY)	12.02%	25.66%	25.82%	1.43%	-2.72%	6.26%
Trust Income	-306	-	-	2,210	3,271	3,245
Income From Trading Activities	20,617	20,617	17,046	14,842	13,874	12,075
Gain (Loss) on Sale of Assets	36	63	-11	-84	500	-94
Gain (Loss) on Sale of Investments	23,591	23,656	2,203	9	2,769	-2,515
Other Non-Interest Income	29,297	32,126	48,298	51,792	47,926	53,685
Total Non-Interest Income	73,235	76,462	67,536	68,769	68,340	66,396
Non-Interest Income Growth (YoY)	-2.45%	13.22%	-1.79%	0.63%	2.93%	1.22%
Revenues Before Loan Losses	177,794	177,617	148,032	132,746	131,413	131,235
Provision for Loan Losses	14,855	16,261	13,343	9,873	20,594	7,964
Revenue	162,939	161,356	134,689	122,873	110,819	123,271
Revenue Growth (YoY)	7.47%	19.80%	9.62%	10.88%	-10.10%	2.62%
Selling, General & Administrative	2,370	2,278	2,638	3,964	3,820	4,152
Other Non-Interest Expense	95,557	95,821	83,893	79,562	79,592	75,172
Total Non-Interest Expense	96,873	96,451	84,266	84,359	84,084	81,925
EBT Excluding Unusual Items	66,066	64,905	50,423	38,514	26,735	41,346
Asset Writedown	121	1,463	334	-292	-8,582	-80
Pretax Income	66,181	66,368	50,757	38,208	18,153	41,255
Income Tax Expense	16,237	16,065	11,717	10,149	3,640	10,559
Earnings From Continuing Operations	49,944	50,303	39,040	28,059	14,513	30,696
Minority Interest in Earnings	-4,147	-4,330	-3,798	-2,369	-1,352	-4,380
Net Income	45,797	45,973	35,242	25,690	13,161	26,316
Preferred Dividends & Other Adjustments	2,023	1,762	999	825	803	873
Net Income to Common	43,774	44,211	34,243	24,865	12,358	25,443
Net Income Growth	10.63%	30.45%	37.18%	95.20%	-49.99%	-6.65%
Basic Shares Outstanding	1,657	1,658	1,651	1,591	1,590	1,597
Diluted Shares Outstanding	1,676	1,678	1,663	1,599	1,595	1,606
Shares Change (YoY)	0.05%	0.89%	4.01%	0.24%	-0.64%	-0.27%
EPS (Basic)	26.42	26.67	20.74	15.63	7.77	15.94
EPS (Diluted)	26.11	26.35	20.59	15.55	7.75	15.85
EPS Growth	9.20%	27.97%	32.40%	100.66%	-51.10%	-7.05%
Dividend Per Share	14.770	14.230	12.060	8.710	2.400	9.940
Dividend Growth	6.95%	17.99%	38.46%	262.92%	-75.86%	2.47%
Effective Tax Rate	24.53%	24.21%	23.08%	26.56%	20.05%	25.59%

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