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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	6,318,099	6,138,209	4,423,438	3,264,002	3,000,306	3,314,182
Interest Income on Investments	718,146	613,663	418,204	347,617	345,187	350,881
Total Interest Income	7,036,245	6,751,872	4,841,642	3,611,619	3,345,493	3,665,063
Interest Paid on Deposits	3,142,999	3,016,787	1,366,297	639,470	774,888	1,070,063
Interest Paid on Borrowings	886,874	769,480	491,559	340,714	344,124	372,424
Total Interest Expense	4,029,873	3,786,267	1,857,856	980,184	1,119,012	1,442,487
Net Interest Income	3,006,372	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%
Gain (Loss) on Sale of Assets	-2,961	-3,252	-2,100	1,610	-3,566	-803.5
Gain (Loss) on Sale of Investments	229,650	89,939	-80,761	130,879	120,493	84,445
Gain (Loss) on Sale of Equity Investments	92,447	72,703	20,558	31,304	23,094	15,599
Other Non-Interest Income	2,115,689	2,307,379	2,337,667	1,581,237	1,539,728	1,319,816
Total Non-Interest Income	2,694,527	2,687,309	2,424,377	1,885,187	1,843,579	1,609,502
Non-Interest Income Growth (YoY)	1.17%	10.85%	28.60%	2.26%	14.54%	14.78%
Revenues Before Loan Losses	5,700,899	5,652,914	5,408,164	4,516,621	4,070,061	3,832,078
Provision for Loan Losses	950,082	866,734	544,644	415,054	436,892	421,714
Revenue	4,750,817	4,786,180	4,863,520	4,101,568	3,633,168	3,410,364
Revenue Growth (YoY)	-5.87%	-1.59%	18.58%	12.89%	6.53%	4.36%
Salaries and Employee Benefits	889,905	887,121	987,878	1,117,180	979,284	805,463
Occupancy Expenses	132,617	128,973	119,780	110,034	107,913	109,428
Federal Deposit Insurance	126,577	124,652	122,565	113,569	102,711	97,286
Amortization of Goodwill & Intangibles	94,646	90,296	79,911	74,870	66,243	73,652
Selling, General & Administrative	303,984	301,388	277,072	248,819	237,313	241,583
Other Non-Interest Expense	2,199,626	2,295,885	2,047,779	1,241,301	1,297,927	1,178,401
Total Non-Interest Expense	3,841,009	3,910,619	3,738,317	2,978,385	2,898,750	2,616,998
EBT Excluding Unusual Items	909,807	875,561	1,125,203	1,123,182	734,418	793,365
Asset Writedown	-	-	-	-	-	9
Pretax Income	909,807	875,561	1,125,203	1,123,182	734,418	793,374
Income Tax Expense	211,289	196,656	292,052	288,933	171,862	194,428
Earnings From Continuing Operations	698,519	678,905	833,150	834,249	562,556	598,947
Minority Interest in Earnings	-26,637	-39,125	-48,171	-43,240	-43,240	-36,722
Net Income	671,882	639,780	784,980	791,009	519,315	562,225
Preferred Dividends & Other Adjustments	28,137	25,678	30,188	31,395	32,834	25,496
Net Income to Common	643,745	614,102	754,792	759,614	486,482	536,729
Net Income Growth	-11.89%	-18.50%	-0.76%	52.32%	-7.63%	11.98%
Basic Shares Outstanding	322	322	324	324	325	326
Diluted Shares Outstanding	322	322	324	324	325	326
Shares Change (YoY)	-0.61%	-0.63%	-	-0.09%	-0.36%	-0.00%
EPS (Basic)	2001.82	1904.82	2326.51	2341.37	1498.07	1646.88
EPS (Diluted)	2001.82	1904.82	2326.51	2341.37	1498.07	1646.88
EPS Growth	-11.82%	-18.13%	-0.63%	56.29%	-9.04%	11.69%
Dividend Per Share	510.000	510.000	625.000	560.000	320.000	360.000
Dividend Growth	-18.40%	-18.40%	11.61%	75.00%	-11.11%	-
Effective Tax Rate	23.22%	22.46%	25.96%	25.72%	23.40%	24.51%

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