Korea Investment Holdings Co., Ltd. (KRX: 071050)

Korea Investment Holdings Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Investments	3,925,547	3,557,877	2,468,293	1,734,173	1,638,422	1,463,432
Total Interest Income	3,925,547	3,557,877	2,468,293	1,734,173	1,638,422	1,463,432
Interest Paid on Deposits	402,185	402,185	203,537	100,131	79,439	79,006
Interest Paid on Borrowings	2,025,529	1,889,826	1,006,244	420,207	447,525	502,051
Total Interest Expense	2,427,714	2,292,011	1,209,781	520,338	526,964	581,057
Net Interest Income	1,497,833	1,265,866	1,258,512	1,213,835	1,111,458	882,375
Net Interest Income Growth (YoY)	41.12%	0.58%	3.68%	9.21%	25.96%	16.55%
Gain (Loss) on Sale of Assets	20,565	-3,717	-1,973	12,899	11,590	5,897
Gain (Loss) on Sale of Investments	798,680	1,096,425	-1,574,065	149,864	725,300	657,680
Gain (Loss) on Sale of Equity Investments	270,770	270,770	269,871	912,966	346,023	136,397
Other Non-Interest Income	14,881,309	17,055,249	21,645,400	10,809,408	13,486,921	8,276,006
Total Non-Interest Income	16,013,865	18,424,954	20,352,614	11,899,324	14,584,338	9,095,296
Non-Interest Income Growth (YoY)	-9.05%	-9.47%	71.04%	-18.41%	60.35%	37.75%
Revenues Before Loan Losses	17,511,699	19,690,821	21,611,125	13,113,159	15,695,796	9,977,672
Provision for Loan Losses	590,799	716,621	257,616	130,429	119,197	52,246
Revenue	16,920,900	18,974,199	21,353,510	12,982,729	15,576,599	9,925,426
Revenue Growth (YoY)	-6.75%	-11.14%	64.48%	-16.65%	56.94%	35.79%
Salaries and Employee Benefits	796,132	664,333	739,767	810,259	603,462	585,043
Occupancy Expenses	81,519	77,734	72,784	66,010	61,204	61,198
Amortization of Goodwill & Intangibles	24,554	23,615	18,515	12,419	10,203	8,810
Selling, General & Administrative	349,830	338,730	308,933	266,639	237,402	210,571
Other Non-Interest Expense	14,487,171	16,977,141	19,551,340	9,406,074	13,453,864	7,983,960
Total Non-Interest Expense	15,742,391	18,088,383	20,707,672	10,565,584	14,381,294	8,863,818
EBT Excluding Unusual Items	1,178,508	885,816	645,837	2,417,145	1,195,304	1,061,608
Pretax Income	1,178,508	885,816	645,837	2,417,145	1,195,304	1,061,608
Income Tax Expense	265,188	177,752	6,029	652,591	335,260	302,493
Earnings From Continuing Operations	913,320	708,063	639,808	1,764,554	860,044	759,115
Earnings From Discontinued Operations	-	-	-	-	-	88,054
Minority Interest in Earnings	-5,923	-1,092	-2,959	-150.91	3,423	-1,996
Net Income	907,398	706,972	636,850	1,764,403	863,467	845,173
Preferred Dividends & Other Adjustments	159,511	68,815	-	-	-	-
Net Income to Common	747,887	638,157	636,850	1,764,403	863,467	845,173
Net Income Growth	13.62%	11.01%	-63.91%	104.34%	2.16%	59.60%
Basic Shares Outstanding	58	58	58	58	58	58
Diluted Shares Outstanding	58	58	58	58	58	58
Shares Change (YoY)	-	-	-0.02%	-0.02%	0.00%	-0.03%
EPS (Basic)	12806.99	10927.95	10905.56	30208.00	14780.00	14467.00
EPS (Diluted)	12806.99	10927.95	10905.56	30208.00	14780.00	14467.00
EPS Growth	-6.35%	0.21%	-63.90%	104.38%	2.16%	59.64%
Dividend Per Share	2650.000	2650.000	2300.000	6150.000	3000.000	2900.000
Dividend Growth	15.22%	15.22%	-62.60%	105.00%	3.45%	61.11%
Effective Tax Rate	22.50%	20.07%	0.93%	27.00%	28.05%	28.49%

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