ForteBank Joint Stock Company (KASE: ASBN)

ASBN Income Statement

Financials in millions KZT. 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	445,296	370,682	258,780	191,897	184,078	162,803
Interest Income on Investments	4,513	3,424	1,961	1,147	1,426	750
Total Interest Income	449,809	374,106	260,741	193,044	185,504	163,553
Interest Paid on Deposits	222,602	180,758	132,108	97,109	90,475	85,259
Net Interest Income	227,207	193,348	128,633	95,935	95,029	78,294
Net Interest Income Growth (YoY)	42.49%	50.31%	34.08%	0.95%	21.37%	58.51%
Gain (Loss) on Sale of Assets	-	-	-	-	-587	-
Gain (Loss) on Sale of Investments	-2,519	-32	311	3,884	11,435	2,813
Other Non-Interest Income	58,349	62,872	79,585	37,632	38,208	37,126
Total Non-Interest Income	51,043	58,053	75,419	41,516	49,056	39,939
Non-Interest Income Growth (YoY)	-22.79%	-23.03%	81.66%	-15.37%	22.83%	80.34%
Revenues Before Loan Losses	278,250	251,401	204,052	137,451	144,085	118,233
Provision for Loan Losses	44,505	49,725	37,650	9,883	38,947	20,417
Revenue	233,745	201,676	166,402	127,568	105,138	97,816
Revenue Growth (YoY)	32.68%	21.20%	30.44%	21.33%	7.49%	47.00%
Selling, General & Administrative	81,758	75,926	59,226	48,512	46,062	39,936
Other Non-Interest Expense	9,664	9,289	8,463	11,746	11,060	11,607
Total Non-Interest Expense	91,422	85,215	67,689	60,258	57,122	51,543
EBT Excluding Unusual Items	142,323	116,461	98,713	67,310	48,016	46,273
Other Unusual Items	-	-	-	-207	15,951	-1,282
Pretax Income	142,323	116,461	98,713	67,103	63,967	44,991
Income Tax Expense	8,467	24	627	3,043	11,005	2,758
Earnings From Continuing Operations	133,856	116,437	98,086	64,060	52,962	42,233
Net Income	133,856	116,437	98,086	64,060	52,962	42,233
Net Income to Common	133,856	116,437	98,086	64,060	52,962	42,233
Net Income Growth	21.54%	18.71%	53.12%	20.95%	25.40%	45.44%
Basic Shares Outstanding	-	90,453	90,453	89,111	89,112	90,212
Diluted Shares Outstanding	-	90,453	90,453	89,111	89,112	90,212
Shares Change (YoY)	-	-0.00%	1.51%	-0.00%	-1.22%	-1.03%
EPS (Basic)	-	1.29	1.08	0.72	0.59	0.47
EPS (Diluted)	-	1.29	1.08	0.72	0.59	0.47
EPS Growth	-	18.71%	50.84%	20.96%	26.95%	46.96%
Dividend Per Share	0.644	0.644	0.542	0.542	-	-
Dividend Growth	18.72%	18.72%	0%	-	-	-
Effective Tax Rate	5.95%	0.02%	0.64%	4.53%	17.20%	6.13%

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