DB Securities Co., Ltd. (KRX:016610)

DB Securities Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	434,683	402,475	306,610	243,889	205,337
Total Interest Expense	248,362	254,143	147,812	101,917	77,672
Net Interest Income	186,321	148,332	158,798	141,972	127,665
Brokerage Commission	166,954	162,637	167,677	244,056	204,423
Asset Management Fee	12,578	5,491	7,737	10,306	9,073
Underwriting & Investment Banking Fee	40,301	31,868	23,720	34,596	29,037
Gain on Sale of Investments (Rev)	273,976	288,780	205,921	301,070	398,054
Other Revenue	354,279	291,653	488,606	548,462	662,552
Revenue Before Loan Losses	1,034,409	928,760	1,052,459	1,280,461	1,430,805
Provision for Loan Losses	73,556	90,804	13,831	5,520	-5,120
Revenue	960,852	837,956	1,038,628	1,274,942	1,435,925
Revenue Growth (YoY)	14.67%	-19.32%	-18.54%	-11.21%	66.72%
Salaries & Employee Benefits	167,316	143,786	132,530	169,122	160,252
Cost of Services Provided	114,809	101,409	105,093	109,595	89,509
Other Operating Expenses	296,696	257,867	347,084	469,390	611,406
Total Operating Expenses	595,526	518,734	597,798	759,072	870,455
Operating Income	365,326	319,222	440,831	515,869	565,470
Currency Exchange Gains	4,274	2,218	6,392	7,165	14,741
Other Non-Operating Income (Expenses)	-71,896	-118,209	-47,101	-35,819	-56,344
EBT Excluding Unusual Items	298,145	203,582	399,354	487,244	523,867
Asset Writedown	-1.75	9.01	243.75	383.5	-67.64
Gain (Loss) on Sale of Investments	-232,032	-187,850	-380,955	-317,345	-385,869
Pretax Income	66,112	15,741	18,622	171,157	137,911
Income Tax Expense	13,174	3,214	7,852	44,339	31,017
Earnings From Continuing Ops.	52,938	12,526	10,770	126,818	106,895
Minority Interest in Earnings	-2,832	-6,356	-10,848	-9,534	-10,480
Net Income	50,105	6,170	-77.38	117,284	96,415
Net Income to Common	50,105	6,170	-77.38	117,284	96,415
Net Income Growth	712.02%	-	-	21.65%	98.63%
Shares Outstanding (Basic)	41	41	41	41	41
Shares Outstanding (Diluted)	41	41	41	41	41
Shares Change (YoY)	-0.33%	-0.47%	-1.11%	-	-
EPS (Basic)	1232.75	151.32	-1.89	2830.98	2327.23
EPS (Diluted)	1232.75	151.32	-1.89	2830.98	2327.23
EPS Growth	714.69%	-	-	21.65%	98.63%
Free Cash Flow	-190,123	-8,814	-120,258	-204,085	306,438
Free Cash Flow Per Share	-4677.64	-216.14	-2935.27	-4926.14	7396.72
Dividend Per Share	400.000	200.000	-	500.000	300.000
Dividend Growth	100.00%	-	-	66.67%	20.00%
Operating Margin	38.02%	38.09%	42.44%	40.46%	39.38%
Profit Margin	5.21%	0.74%	-0.01%	9.20%	6.71%
Free Cash Flow Margin	-19.79%	-1.05%	-11.58%	-16.01%	21.34%
Effective Tax Rate	19.93%	20.42%	42.16%	25.91%	22.49%

Updated Nov 13, 2024. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.