JB Financial Group Co., Ltd. (KRX: 175330)

JB 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	3,390,784	3,194,817	2,382,276	1,791,528	1,706,833	1,779,807
Interest Income on Investments	272,069	215,717	164,105	121,239	118,352	119,982
Total Interest Income	3,662,853	3,410,534	2,546,381	1,912,767	1,825,185	1,899,789
Interest Paid on Deposits	1,134,263	1,077,405	518,722	258,949	353,731	456,294
Interest Paid on Borrowings	522,641	411,930	267,377	188,126	199,812	203,605
Total Interest Expense	1,656,904	1,489,335	786,099	447,075	553,543	659,899
Net Interest Income	2,005,949	1,921,199	1,760,282	1,465,692	1,271,642	1,239,890
Net Interest Income Growth (YoY)	5.31%	9.14%	20.10%	15.26%	2.56%	-1.64%
Trust Income	17,578	12,973	14,930	14,256	13,202	12,413
Income From Trading Activities	-38,023	-36,305	-20,434	-3,146	-16,397	-3,833
Gain (Loss) on Sale of Assets	-75	-931	-649	491	434	738
Gain (Loss) on Sale of Investments	124,800	60,955	14,590	48,392	33,568	20,140
Gain (Loss) on Sale of Equity Investments	31	80	6	4,615	129	87
Other Non-Interest Income	729,842	682,001	587,954	546,667	527,373	460,057
Total Non-Interest Income	863,376	738,199	619,164	626,822	572,783	505,913
Non-Interest Income Growth (YoY)	20.91%	19.23%	-1.22%	9.43%	13.22%	-2.59%
Revenues Before Loan Losses	2,869,325	2,659,398	2,379,446	2,092,514	1,844,425	1,745,803
Provision for Loan Losses	488,443	442,457	256,532	135,886	192,704	148,817
Revenue	2,380,882	2,216,941	2,122,914	1,956,628	1,651,721	1,596,986
Revenue Growth (YoY)	7.99%	4.43%	8.50%	18.46%	3.43%	-0.11%
Salaries and Employee Benefits	539,715	525,095	487,079	496,132	456,748	427,159
Occupancy Expenses	68,014	71,587	69,488	67,091	68,409	70,511
Federal Deposit Insurance	49,523	47,946	46,687	42,035	41,011	40,060
Amortization of Goodwill & Intangibles	34,072	28,959	26,843	32,940	33,682	33,681
Selling, General & Administrative	132,002	124,038	118,813	113,050	113,140	114,591
Other Non-Interest Expense	660,920	605,620	532,992	482,123	459,426	415,632
Total Non-Interest Expense	1,502,239	1,417,441	1,290,715	1,260,214	1,187,740	1,113,927
EBT Excluding Unusual Items	878,643	799,500	832,199	696,414	463,981	483,059
Asset Writedown	-	-	-	-	-	270
Pretax Income	878,643	799,500	832,199	696,414	463,981	483,329
Income Tax Expense	207,865	195,576	213,942	171,002	73,132	121,185
Earnings From Continuing Operations	670,778	603,924	618,257	525,412	390,849	362,144
Minority Interest in Earnings	-15,049	-17,943	-17,237	-18,850	-27,337	-20,206
Net Income	655,729	585,981	601,020	506,562	363,512	341,938
Preferred Dividends & Other Adjustments	18,903	22,251	18,723	18,723	18,723	23,066
Net Income to Common	636,826	563,730	582,298	487,840	344,790	318,872
Net Income Growth	7.97%	-2.50%	18.65%	39.35%	6.31%	41.57%
Basic Shares Outstanding	192	194	194	194	194	194
Diluted Shares Outstanding	192	194	194	194	194	194
Shares Change (YoY)	-1.21%	-0.20%	-	-0.00%	0.00%	11.92%
EPS (Basic)	3316.74	2906.53	2996.22	2510.18	1774.12	1640.79
EPS (Diluted)	3316.74	2906.53	2996.00	2510.18	1774.12	1640.79
EPS Growth	10.16%	-2.99%	19.35%	41.49%	8.13%	17.96%
Dividend Per Share	1050.000	855.000	-	-	-	-
Effective Tax Rate	23.66%	24.46%	25.71%	24.55%	15.76%	25.07%

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