BNK Financial Group Inc. (KRX: 138930)

BNK Financial Group 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 Loans	6,832,494	6,138,209	4,423,438	3,264,002	3,000,306	3,314,182
Interest Income on Investments	176,872	613,663	418,204	347,617	345,187	350,881
Total Interest Income	7,009,366	6,751,872	4,841,642	3,611,619	3,345,493	3,665,063
Interest Paid on Deposits	3,816,441	3,016,787	1,366,297	639,470	774,888	1,070,063
Interest Paid on Borrowings	214,348	769,480	491,559	340,714	344,124	372,424
Total Interest Expense	4,030,789	3,786,267	1,857,856	980,184	1,119,012	1,442,487
Net Interest Income	2,978,577	2,965,605	2,983,786	2,631,435	2,226,482	2,222,576
Net Interest Income Growth (YoY)	-0.59%	-0.61%	13.39%	18.19%	0.18%	-6.67%
Income From Trading Activities	173,490	-	-	-	-	-
Gain (Loss) on Sale of Assets	-1,089	-3,252	-2,100	1,610	-3,566	-803.5
Gain (Loss) on Sale of Investments	155,474	89,939	-80,761	130,879	120,493	84,445
Gain (Loss) on Sale of Equity Investments	26,023	72,703	20,558	31,304	23,094	15,599
Other Non-Interest Income	620,987	2,307,379	2,337,667	1,581,237	1,539,728	1,319,816
Total Non-Interest Income	1,049,015	2,687,309	2,424,377	1,885,187	1,843,579	1,609,502
Non-Interest Income Growth (YoY)	-56.64%	10.85%	28.60%	2.26%	14.54%	14.78%
Revenues Before Loan Losses	4,027,592	5,652,914	5,408,164	4,516,621	4,070,061	3,832,078
Provision for Loan Losses	891,603	866,734	544,644	415,054	436,892	421,714
Revenue	3,135,989	4,786,180	4,863,520	4,101,568	3,633,168	3,410,364
Revenue Growth (YoY)	-33.14%	-1.59%	18.58%	12.89%	6.53%	4.36%
Salaries and Employee Benefits	217,267	887,121	987,878	1,117,180	979,284	805,463
Occupancy Expenses	33,799	128,973	119,780	110,034	107,913	109,428
Federal Deposit Insurance	31,362	124,652	122,565	113,569	102,711	97,286
Amortization of Goodwill & Intangibles	23,496	90,296	79,911	74,870	66,243	73,652
Selling, General & Administrative	1,225,250	301,388	277,072	248,819	237,313	241,583
Other Non-Interest Expense	750,014	2,295,885	2,047,779	1,241,301	1,297,927	1,178,401
Total Non-Interest Expense	2,217,061	3,910,619	3,738,317	2,978,385	2,898,750	2,616,998
EBT Excluding Unusual Items	918,928	875,561	1,125,203	1,123,182	734,418	793,365
Asset Writedown	-	-	-	-	-	9
Pretax Income	918,928	875,561	1,125,203	1,123,182	734,418	793,374
Income Tax Expense	214,336	196,656	292,052	288,933	171,862	194,428
Earnings From Continuing Operations	704,592	678,905	833,150	834,249	562,556	598,947
Minority Interest in Earnings	-24,230	-39,125	-48,171	-43,240	-43,240	-36,722
Net Income	680,363	639,780	784,980	791,009	519,315	562,225
Preferred Dividends & Other Adjustments	7,181	25,678	30,188	31,395	32,834	25,496
Net Income to Common	673,182	614,102	754,792	759,614	486,482	536,729
Net Income Growth	-5.74%	-18.50%	-0.76%	52.32%	-7.63%	11.98%
Basic Shares Outstanding	320	322	324	324	325	326
Diluted Shares Outstanding	320	322	324	324	325	326
Shares Change (YoY)	-0.79%	-0.63%	-	-0.09%	-0.36%	-0.00%
EPS (Basic)	2100.83	1904.82	2326.51	2341.37	1498.07	1646.88
EPS (Diluted)	2100.83	1904.82	2326.51	2341.37	1498.07	1646.88
EPS Growth	-2.58%	-18.13%	-0.63%	56.29%	-9.04%	11.69%
Dividend Per Share	610.000	510.000	625.000	560.000	320.000	360.000
Dividend Growth	-15.86%	-18.40%	11.61%	75.00%	-11.11%	-
Effective Tax Rate	-	22.46%	25.96%	25.72%	23.40%	24.51%

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